Energy & Power Quality Meters Market 2022 | Scope of Current and Future Industry 2029

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