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Single-Phase Energy Meter Trends and Forecast
The future of the global single-phase energy meter market looks promising with opportunities in the domestic and industrial markets. The global single-phase energy meter market is expected to reach an estimated $9.0 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are the expansion in the utilization of smart grids, rising power generation worldwide, and replacement of renewable electricity.
A more than 150-page report is developed to help in your business decisions.
Single-Phase Energy Meter by Segment
The study includes a forecast for the global single-phase energy meter by configuration type, application, end use, and region.
List of Single-Phase Energy Meter Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies single-phase energy meter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the single-phase energy meter companies profiled in this report include-
Single-Phase Energy Meter Market Insights
Lucintel forecasts that digital is expected to witness higher growth over the forecast period.
APAC is expected to witness highest growth over the forecast period due to high population density, rising data centers, industrialization, and household income, as well as investments in smart grid and smart city technologies in this region.
Features of the Global Single-Phase Energy Meter Market
Market Size Estimates: Single-phase energy meter market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Single-phase energy meter market size by configuration type, application, end use, and region in terms of value ($B).
Regional Analysis: Single-phase energy meter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different configuration type, application, end use, and regions for the single-phase energy meter market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the single-phase energy meter market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the single-phase energy meter market size?
Answer: The global single-phase energy meter market is expected to reach an estimated $9.0 billion by 2030.
Q.2 What is the growth forecast for single-phase energy meter market?
Answer: The global single-phase energy meter market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the single-phase energy meter market?
Answer: The major drivers for this market are the expansion in the utilization of smart grids, rising power generation worldwide, and replacement of renewable electricity.
Q4. What are the major segments for single-phase energy meter market?
Answer: The future of the global single-phase energy meter market looks promising with opportunities in the domestic and industrial markets.
Q5. Who are the key single-phase energy meter market companies?
Answer: Some of the key single-phase energy meter companies are as follows.
Q6. Which single-phase energy meter market segment will be the largest in future?
Answer: Lucintel forecasts that digital is expected to witness higher growth over the forecast period.
Q7. In single-phase energy meter market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to high population density, rising data centers, industrialization, and household income, as well as investments in smart grid and smart city technologies in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.