In the dynamic landscape of the Global Electric Sub Meter Market Share, Size, Analysis, Trends, Report and Forecast 2022-27. A recent research report by MarkNtel Advisors sheds light on the industry insights, covering the historical period of 2017-2020, the base year of 2021. This comprehensive report provides unbiased, accurate, and reliable information on current trends, growth drivers, challenges, opportunities, restraints, recent developments, as well as a thorough analysis of all distributors and suppliers in the industry.
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Anticipated to demonstrate notable expansion, the Electric Sub Meter Market is poised to achieve substantial growth with an estimated Compound Annual Growth Rate (CAGR) of approximately 4.1% from 2022 to 2027, as per the projections. This analysis aims to present the various factors influencing the industry, both positive and negative, while enlightening stakeholders about the changing market dynamics. It empowers them to make informed decisions and develop effective strategies based on reliable data in the coming years.
Comprehensive Description & Market Overview
This section provides a detailed understanding of essential data associated with the trends, developments, and other factors influencing the rise and fall of the Electric Sub Meter Market. It offers insights into the evolving landscape, helping readers grasp the market's current scenario.
Investments by Players & Governments
Here, we provide a snapshot of key investments made in the industry by prominent players and governments. By highlighting their roles and participation across regions, we aim to elucidate the market expansion and the impact of these investments on the overall market growth.
Recent Developments in the Global Electric Sub Meter Market
- In 2020, leading player Schneider Electric introduced the Smart Electric sub-meters to provide power restoration within a minute of disturbance, intending to bring suitable techniques for distribution firms seeking assistance in fixing grid faults in Nigeria.
- Recently, another leader, Kamstrup A/S, signed a partnership with Goteborg Energi to provide smart metering solutions in a bid to replace 275,000 electricity meters with smart electric meters using advanced Sweden technology.
Segmentation & Geographical Analysis
This section delves into the highly fragmented Electric Sub Meter Market, presenting insights into its expansion across different segments and geographies. We provide information on the potential of each segment and region over the forecast years, offering a comprehensive view of the market's growth prospects.
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- Smart Sub-Meter
- Electronic Sub-Meter (Non-Socket Type)
- Electromechanical Sub-Meter (Socket Type)
- Single Phase
- Three Phase
-By End-User Application
- North America
- South America
- Middle East & Africa
In this section, we exhibit the changing dynamics of the Electric Sub Meter Market. We provide unbiased data on challenges and opportunities encountered by the leading players in the industry. Moreover, we analyze the strategies adopted by these companies to sustain and expand their visibility, profits, and customer base in the market.
Key Driver: Increasing Government Focus on Brining Energy Efficiency Across Sectors
- As each industry is assuring to bring energy efficiency to regulate automation in different applications, the demand for Electric sub-meter is escalating rapidly. This preferential shift is also augmenting the popularity of the electric sub-meters over conventional alternatives, including Electric & electrochemical sub-meters.
Possible Restraint: High Initial Installation Cost for Electric Sub-Meter 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 and 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.
Extensive profiling of the leading players in the Electric Sub Meter Market is presented in this section. We highlight their key strategies, product/service portfolio, expansion plans, recent developments, mergers and acquisitions, and opportunities they have utilized to attain profit margins in the market.
Some of the most prominent companies operating in this market include:
- 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.
While "Electric Sub Meter Market, Analysis, 2022-27" provides a comprehensive analysis of the industry, covering all relevant aspects, we also offer customized reports to meet the unique requirements.
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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