Electric Sub-meter Market to grow at a CAGR of 6% during 2019 - 2029Posted by vakhas on February 25th, 2020 In view of growing demand in the energy and utilities industry, the global electric sub-meters market is projected to hurtle towards US$ 24 Bn mark by the end of the forecast period (2019-2029). The electric sub-meters market is set to display a promising rate of growth through 2029, as suggested by a new Future Market Insights (FMI) study. Electric sub-meters are projected to witness heightened adoption in the energy and utilities industry on back of its superior energy efficiency and performance, concludes the FMI study. "Manufacturers from ASEAN countries and India are focusing on acquiring new orders and tenders to increase their revenue by deploying smart electric sub-meters. This is creating ample opportunities for investors in the electric sub-meter market," says the FMI analyst. Key Takeaways of the Electric Sub-meters Study
Electric Sub-meters Market - Top Growth Drivers
Electric Sub-meters Market - Key Restraints
Competitive Landscape Some of the prominent players that are covered by the study include, but are not limited to, Schneider Electric, General Electric, Siemens AG, Mitsubishi Electric Corporation, Itron Inc., Honeywell International, Xylem Inc., OSAKI Electric Co. Leading players in the field of automation are acquiring sub-meter manufacturers to bolster scope of application. Further, regional manufacturers are pushing for product value additions, and competitive pricing strategies to bolster overall demand. More about the Report The 291-page study offers an in-depth market forecast and analysis on the electric sub-meters market. The major categories encompassed by the report include product type (socket type/electromechanical sub-meters, non-socket/electronic sub-meters, and smart sub-meters), phase (single phase and three phase), and application (commercial establishments, residential sector, and industrial sector) across seven regions (South Asia, East Asia, Latin America, Europe, North America, Middle East & Africa, and Oceania). Explore Extensive Coverage of FMI's Industrial Automation & Equipment Landscape
About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in U.S. and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Contact: Abhishek Budholiya Like it? Share it!More by this author |