Energy & Power Quality Meters Market are expected to surpass US$ 4.41 Bn by 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.Request a Sample of this Report:

https://www.futuremarketinsights.com/reports/sample/rep-gb-10462

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.

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

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

Ask An Analyst:

https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-10462

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
  • 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
  • Commercial Buildings
  • Industrial

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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