In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Electric Submeter market for 2018-2023.
Electric Submeter is usually an electronic device that records consumption of electric, water, gas, heat energy in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing. It enables two-way communication between the meter and the central system. Unlike home energy monitors, it can gather data for remote reporting.
Global giant manufactures mainly distributed in U.S. and E.U. The leading global players include Landis+Gyr (based in Switzerland but owned by Toshiba Corp. of Japan), GE Digital Energy (United States), Itron (United States), Aclara (United States), Honeywell (Elster Group and E-Mon), Sensus (United States) and Holley Metering (China).
The key consumption markets locate at APAC, which take a market share of about one half. North America takes the market share of 18.13%, followed by Europe with 17.66%. Asia Pacifics consumption market has a fast growing speed.
We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a relatively strong curve due to the replacement of utility meters.
Over the next five years, LPI(LP Information) projects that Electric Submeter will register a 4.8% CAGR in terms of revenue, reach US$ 9450 million by 2023, from US$ 7130 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Electric Submeter market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
GE Digital Energy
Silver Spring Networks
XJ Measurement & Control Meter
Wellsun Electric Meter
Xiou International Group
Pax Electronic Technlogy
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Electric Submeter consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Electric Submeter market by identifying its various subsegments.
Focuses on the key global Electric Submeter manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electric Submeter with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electric Submeter submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.