New York, According to a new market research report published by Global Insight Services “Energy & Power Quality Meters Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Energy & Power Quality Meters are devices used to measure and analyze the quality of electrical power. They are used to monitor the power grid, identify power quality issues, and track the performance of power equipment.
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Key Trends
The key trends in energy & power quality meters technology are the development of smart meters and the integration of big data analytics.
Smart meters are meters that are able to communicate with the utility company in real-time, allowing for two-way communication and remote meter reading. This technology is becoming increasingly popular as it offers many benefits over traditional meter reading methods, such as reducing operational costs and increasing customer satisfaction.
Big data analytics is another key trend in energy & power quality meters technology. This technology allows for the analysis of large data sets in order to identify patterns and trends. This information can then be used to improve the efficiency of the power grid and to provide insights into customer usage patterns.
Key Drivers
The key drivers of the energy & power quality meters market are the growing demand for energy-efficient devices and the need for real-time monitoring of energy consumption. The other drivers include the increasing awareness about the benefits of power quality meters and the government regulations mandating the use of these devices.
The energy & power quality meters market is growing due to the increasing demand for energy-efficient devices. The need for real-time monitoring of energy consumption is another driver for this market. The power quality meters help in reducing the losses due to power quality problems and provide accurate data for billing purposes. The other drivers include the increasing awareness about the benefits of power quality meters and the government regulations mandating the use of these devices.
Market Segmentation
The Energy & Power Quality Meters Market is segmented by topology, application, end-user, and region. By topology, the market is divided into standalone, embedded in controller/PLC, multi circuit, and portable units. By application, the market is bifurcated into network & branch circuit monitoring and power quality compliance monitoring. By end-user, the market is bifurcated into critical buildings and commercial buildings. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the Energy & Power Quality Meters Market are ABB Ltd., General Electric Company,Schneider Electric, Siemens AG, Emerson Electric Company, Eaton Corporation Plc, Active Power Inc., MTE Corporation, Smiths Group plc., and Toshiba Corporation.
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Reasons to buy Energy & Power Quality Meters Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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