The global energy and power quality meters market is estimated to total US$ 2.65 Bn by the end of 2022. Surging energy and power demand across the industrial sectors such as automotive, transportation, mining, metallurgy, and others is favoring the growth in the market.
As per a recent survey by Future Market Insights (FMI), the sales in the global energy & power quality meters market are expected to surpass US$ 4.41 Bn by 2029, growing at a robust CAGR of 7.5% during the forecast period 2022-2029.
FMI reveals that the power quality compliance monitoring segment is anticipated to register the fastest growth in the market, accounting for over 42.1% of the total demand share by 2022. The global sales of energy & power quality meters are projected to account for nearly 45% of the revenue share in the power monitoring market through 2022.
Impact of COVID-19 on Energy & Power Quality Meters Market
With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.
FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid Energy & Power Quality Meters market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the Energy & Power Quality Meters market.
Key Questions Addressed in the Energy & Power Quality Meters Market Report
How will the Energy & Power Quality Meters market expand through 2031?
Which are the major key growth drivers and opportunities driving the market growth?
What are the recent technological developments in the Energy & Power Quality Meters market?
What are key challenges and competition threats faced by Energy & Power Quality Meters market players?
Which region is the most lucrative in the Energy & Power Quality Meters market?
Energy & Power Quality Meters Market: Competitive Analysis
The FMI’s Energy & Power Quality Meters market report provides a detailed analysis of prominent players as well as emerging companies operating in the Energy & Power Quality Meters market. Some of the key players are:
Schneider Electric
Siemens AG
Eaton
With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects and product expansion within the players. The report also offers key players marketing strategies, recent mergers and acquisitions and pricing strategy to gain a competitive edge in the industry.
Energy & Power Quality Meters Market: Key Segmentation
By Region
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
Middle East & Africa
Incisive coverage of the regional markets offers deeper insights on the market performance across key regions along with relevant graphs, figures, and list of tables.
By Topology
Standalone
Panel Mount
Din Rail Units
Miniaturized
Embedded in Controller/PLC
Multi Circuit
Portable Units
By Application
Network & Branch Circuit Monitoring
Power Quality Compliance Monitoring
Energy Cost Management
Others
By End-Use Industry
Critical Buildings
Data Centers
Water Treatment Networks
Airports & Railways
Hospitals
Commercial Buildings
Industrial
Read More - https://www.futuremarketinsights.com/reports/energy-and-power-quality-meters-market