Los Angeles, CA -- (SBWIRE) -- 05/29/2019 -- Digital power meters are next-generation meters that provide precise readings of electricity consumption and are generally installed in households or in enterprises to maintain detailed statistics on energy consumption.

One of the primary drivers for this market is the rise in the deployment of smart grid projects. Smart grids include grid applications such as smart power meters, supervisory control and data acquisition (SCADA) systems, IT, and other communication networks. These devices enable utilities to have complete control and manage the digital assets that are present in the field. The smart grid networking systems enable a utility to analyze and map the energy consumption patterns of its customers, thereby helping in load forecasting and peak demand management along with risk determination. Also, it enables the reduction of power outages by providing detailed information about the functioning status of the power system network. With rapid development in smart grid-related equipment and solutions, management of huge data volumes has become a major concern among power utilities. This development of the smart grid projects worldwide is expected to propel growth in the global digital power meter market during the forecast period.

The market is fragmented with the presence of many well-diversified international, regional, and local manufacturers, and the competition among these players is intense. In several developing and underdeveloped countries, local or regional manufacturers dominate the market. With the global players increasing their footprint in the market with their huge infrastructure and R&D support, it has become extremely difficult for regional players to compete in terms of reliability, technology, and price.

This report studies the Digital Power Meter market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Digital Power Meter in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Itron

Landis+Gyr

Schneider Electric

Sensus

Advanced Electronics Company

EKM Metering

Elster Group (owned by Honeywell)

Holley Metering

Jiaxing Eastron Electronic Instruments

Kamstrup

LINYANG Energy

Murata Power Solutions

Simpson Electric

By the product type, the market is primarily split into

Digital Meter Type

Electrical Meter Type

Electromechanical Meter Type

Electronic Meter Type

By the end users/application, this report covers the following segments

Residential

Commercial

Industrial

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