MarkNtel Advisors who is leading market research company, has recently published a research report, titled Global “Electric Sub Meter Market”. The report is estimated historical data, base year and forecast period and the projections are made for the next five years, i.e., 2023-28. The data, facts, and figures are sourced from reliable platforms, including government portals, white papers, and others.
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Market Study Period
Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028): 6%
Global Electric Sub Meter Market Insights:
The Global Electric Sub Meter Market size was valued at around USD7.5 billion in 2022 and is projected to grow at a CAGR of about 6% during the forecast period, i.e., 2023-28. The report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.
Global Electric Sub Meter Market Drivers:
Increasing Government Focus on Brining Energy Efficiency Across Sectors – As each industry is assuring to bring energy efficiency to regulate automation in different applications, the demand for Electric sub-meter is escalating rapidly. This preferential shift is also augmenting the popularity of the electric sub-meters over conventional alternatives, including electric & electrochemical sub-meters.
Besides, with expanding applications in the power industry, the electric sub-meters are viewed as an excellent alternative to conventional devices lacking such versatility in measuring, monitoring, & controlling energy, hence aiding in driving the Global Electric Sub Meter Market through 2028.
Explore the Complete Electric Sub Meter Market Analysis Report – https://www.marknteladvisors.com/research-library/electric-sub-meter-market.html
Which segments are covered in the Electric Sub Meter Market Research Report?
- By Product
- Smart Sub-Meter
- Electronic Sub-Meter (Non-Socket Type)
- Electromechanical Sub-Meter (Socket Type)
- By Phase
- Single Phase
- Three Phase
- By End-User Application
- Industrial
- Residential
- Commercial
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Top 10 Key Brands/Players in the Electric Sub Meter Market
Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:
- Bentec Electricals & Electronics Pvt. Ltd.
- General Electric
- Genus Power Infrastructures Ltd.
- Hexing Electric Co. Ltd.
- Itron Inc.
- Kamstrup A/S
- Leviton Manufacturing Co. Inc.
- Mitsubishi Electric Corporation
- Osaki Electric Co. Ltd
- Schneider Electric
- Siemens AG
- Xylem Inc.
- Others
For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/electric-sub-meter-market.html
Frequently Asked Questions
- Which companies dominate the Electric Sub Meter Market in terms of market share?
- What is the projected market size of Electric Sub Meter Market in 2028?
- What key factor is anticipated to propel the Electric Sub Meter Market by 2028?
- How big is the Electric Sub Meter Market?
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