Global Electric Sub Meter Market Outlook for 2022-27
Markntel Advisors has conducted a comprehensive study on the Global Electric Sub Meter Market size was valued at around USD 7.5 billion in 2022 and is projected to grow at a CAGR of about 6% during the forecast period, i.e., 2023-28. The market is driven by the growing awareness among individuals about the availability of electrical sub-metering systems for quality monitoring & accurate management, augmenting its deployment across residential & corporate locations.
In addition, the Global Electric Sub Meter Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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Global Electric Sub Meter Market Possible Restraint:
High Initial Installation Cost for Electric Sub Meter to Hinder the Market – Since the initial cost associated with the installation of electric sub meters is high, it might restrain cost-sensitive consumers from deploying these meters & affect the market growth in the future. Moreover, inadequate awareness among people about the availability of such meters for energy efficiency & sustainability is also hindering the installation of electric sub meter & might hamper the fledged market growth in the coming years.
Global Electric Sub Meter Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Electric Sub Meter Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Product
-Smart Sub-Meter
-Electronic Sub-Meter (Non-Socket Type)
-Electromechanical Sub-Meter (Socket Type)
-By Phase
-Single Phase
-Three Phase
-By End-User Application
-Industrial
-Residential
-Commercial
-By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
Each sections offer valuable insights into the Electric Sub Meter Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
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Competitive Analysis of the Global Electric Sub Meter Industry
-Bentec Electricals & Electronics Pvt. Ltd.
-General Electric
-Genus Power Infrastructures Ltd.
-Hexing Electric Co. Ltd.
-Itron Inc.
-Kamstrup A/S
-Leviton Manufacturing Co. Inc.
-Mitsubishi Electric Corporation
-Osaki Electric Co. Ltd
-Schneider Electric
-Siemens AG
-Xylem Inc.
-Others
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Global Electric Sub Meter Market Research Report Answers the Following Key Questions
- How big is the Global Electric Sub Meter Market?
- What is the projected growth rate or CAGR of the Global Electric Sub Meter Market during 2022-27?
- What are the key trends or growth opportunities for the key players in the Global Electric Sub Meter Market?
- Which ‘segment’ seems promising for companies operating in the Global Electric Sub Meter Market?
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