Digital Meter Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00848
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 9.3 |
Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries
Download Sample PdfReport Overview
Digital Meter Market Analysis Report 2023-2032:
The Digital Meter Market size is estimated to grow at a CAGR of 6.78% between 2022 and 2032. The market size is forecast to increase by USD 8,543.21 million. The growth of the market depends on several factors, including the increasing adoption of smart grid technologies, the need for accurate and reliable measurement of electricity consumption, and the growing demand for energy-efficient solutions. A digital meter, also known as a smart meter, is an electronic device that measures and displays the consumption of electricity in real-time. It provides accurate and detailed information about energy usage, enabling consumers to monitor and manage their electricity consumption more effectively.
Digital Meter Market Overview
Drivers
One of the key factors driving the digital meter market growth is the increasing adoption of smart grid technologies. Smart grids are advanced electrical grids that incorporate digital metering, communication, and control systems to optimize the generation, distribution, and consumption of electricity. Digital meters play a crucial role in smart grid infrastructure by providing real-time data on energy consumption, enabling utilities to monitor and manage the grid more efficiently. The deployment of smart grids is driven by the need to improve energy efficiency, reduce carbon emissions, and enhance the reliability and resilience of the electrical grid.
Moreover, the need for accurate and reliable measurement of electricity consumption is another driver of the digital meter market. Traditional electromechanical meters are prone to inaccuracies and tampering, leading to revenue losses for utilities and unfair billing for consumers. Digital meters offer higher accuracy and tamper-proof features, ensuring that consumers are billed accurately for their electricity usage. Furthermore, digital meters enable time-of-use pricing, which incentivizes consumers to shift their electricity consumption to off-peak hours, reducing the strain on the grid during peak demand periods.
Trends
A key trend shaping the digital meter market growth is the integration of advanced communication technologies in digital meters. Modern digital meters are equipped with wireless communication capabilities, allowing them to transmit real-time energy consumption data to utilities and consumers. This enables utilities to remotely monitor and manage the grid, detect power outages, and implement demand response programs. Consumers can also access their energy consumption data through web portals or mobile applications, empowering them to make informed decisions about their energy usage and potentially reduce their electricity bills.
Additionally, the growing demand for energy-efficient solutions is driving the adoption of digital meters. Digital meters provide consumers with real-time feedback on their energy consumption, allowing them to identify energy-intensive appliances or behaviors and take steps to reduce their energy usage. This promotes energy conservation and sustainability, aligning with the global efforts to mitigate climate change and reduce greenhouse gas emissions. As governments and regulatory bodies worldwide implement energy efficiency policies and promote the use of smart meters, the demand for digital meters is expected to increase significantly.
Restraints:
One of the key challenges hindering the digital meter market growth is the high initial cost of deployment. Digital meters are more expensive than traditional electromechanical meters, requiring utilities to make significant upfront investments in infrastructure and equipment. This cost can be a barrier to adoption, especially for smaller utilities or regions with limited financial resources. However, it is important to note that digital meters offer long-term cost savings through improved accuracy, reduced meter reading costs, and operational efficiencies.
Furthermore, concerns about data privacy and security pose challenges to the widespread adoption of digital meters. Digital meters collect and transmit sensitive energy consumption data, raising concerns about unauthorized access, data breaches, and privacy violations. Utilities and regulatory bodies need to implement robust cybersecurity measures and data protection regulations to address these concerns and build trust among consumers. Clear communication and transparency about data collection, storage, and usage practices are essential to ensure consumer acceptance and adoption of digital meters.
Digital Meter Market Segmentation By Application
The residential segment is estimated to witness significant growth during the forecast period. Digital meters play a crucial role in residential settings by providing accurate and real-time information on energy consumption. They enable homeowners to monitor their electricity usage, identify energy-saving opportunities, and make informed decisions about their energy consumption patterns. Digital meters also support time-of-use pricing, allowing utilities to incentivize off-peak electricity usage and promote energy conservation. The increasing focus on energy efficiency and sustainability in residential buildings, coupled with government initiatives to promote smart grid technologies, is expected to drive the adoption of digital meters in the residential segment.
Digital Meter Market Segmentation By Type
The smart electricity meter segment is expected to dominate the digital meter market during the forecast period. Smart electricity meters are advanced digital meters that provide real-time energy consumption data, two-way communication capabilities, and remote meter reading functionalities. They enable utilities to monitor and manage the grid more efficiently, detect power outages, and implement demand response programs. Smart electricity meters also empower consumers to track their energy usage, receive accurate bills, and make informed decisions about their electricity consumption. The increasing deployment of smart grid infrastructure and the growing emphasis on energy conservation are driving the demand for smart electricity meters.
Regional Overview
North America is estimated to contribute 35% to the growth of the global market during the forecast period. The region has witnessed significant investments in smart grid technologies and digital meter deployments, driven by government initiatives, regulatory mandates, and utility modernization efforts. The United States and Canada have been at the forefront of smart grid adoption, with utilities replacing traditional meters with digital meters to improve operational efficiency, reduce energy losses, and enhance customer satisfaction. The presence of key market players, technological advancements, and favorable government policies are expected to drive the digital meter market in North America.
In 2020, during the COVID-19 pandemic, the growth of the global digital meter market witnessed a temporary slowdown due to supply chain disruptions and economic uncertainties. However, as economies recover and governments prioritize investments in infrastructure and clean energy, the demand for digital meters is expected to rebound. The need for reliable and accurate measurement of electricity consumption, coupled with the increasing focus on energy efficiency and sustainability, will drive the market during the forecast period.
Digital Meter Market Customer Landscape
The digital meter market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Digital Meter Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Some of the major companies operating in the digital meter market include:
Itron: Itron is a leading provider of technology solutions for energy and water resource management. They offer a range of smart metering and communication solutions for utilities.
Landis+Gyr: Landis+Gyr is a global company specializing in energy management solutions, including smart meters, advanced metering infrastructure (AMI), and related services.
Sensus: Sensus, a Xylem brand, provides smart water and energy solutions, including smart meters, communication networks, and software for utilities and municipalities.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies.
- ABB Ltd.
- Eaton Corporation PLC
- General Electric Company
- Honeywell International Inc.
- Itron Inc.
- Kamstrup A/S
- Landis+Gyr AG
- Osaki Electric Co., Ltd.
- Schneider Electric SE
- Sensus (Xylem Inc.)
- Siemens AG
- Wasion Group Holdings Limited
- Elster Group GmbH (owned by Honeywell)
- Holley Technology Ltd.
- Iskraemeco d.d.
- Jiangsu Linyang Energy Co., Ltd.
- Neptune Technology Group Inc.
- Ningbo Sanxing Electric Co., Ltd.
- Sagemcom SAS
- Zenner International GmbH & Co. KG
Segment Overview
The digital meter market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Residential
o Commercial
o Industrial
- Type Outlook (USD Million, 2019 – 2032)
o Smart Electricity Meters
o Smart Gas Meters
o Smart Water Meters
- Geography Outlook (USD Million, 2019 - 2032)
o North America
The U.S.
Canada
o Europe
U.K.
Germany
France
Rest of Europe
o APAC
China
India
o South America
Chile
Argentina
Brazil
o Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Table of Contents
United States Digital Meter Market Report 2017
1 Digital Meter Overview
1.1 Product Overview and Scope of Digital Meter
1.2 Classification of Digital Meter by Product Category
1.2.1 United States Digital Meter Market Size (Sales Volume) Comparison by Type (2012-2022)
1.2.2 United States Digital Meter Market Size (Sales Volume) Market Share by Type (Product Category) in 2016
1.2.3 Stationary
1.2.4 Portable
1.3 United States Digital Meter Market by Application/End Users
1.3.1 United States Digital Meter Market Size (Consumption) and Market Share Comparison by Application (2012-2022)
1.3.2 Residential
1.3.3 Commercial
1.3.4 Industrial
1.4 United States Digital Meter Market by Region
1.4.1 United States Digital Meter Market Size (Value) Comparison by Region (2012-2022)
1.4.2 The West Digital Meter Status and Prospect (2012-2022)
1.4.3 Southwest Digital Meter Status and Prospect (2012-2022)
1.4.4 The Middle Atlantic Digital Meter Status and Prospect (2012-2022)
1.4.5 New England Digital Meter Status and Prospect (2012-2022)
1.4.6 The South Digital Meter Status and Prospect (2012-2022)
1.4.7 The Midwest Digital Meter Status and Prospect (2012-2022)
1.5 United States Market Size (Value and Volume) of Digital Meter (2012-2022)
1.5.1 United States Digital Meter Sales and Growth Rate (2012-2022)
1.5.2 United States Digital Meter Revenue and Growth Rate (2012-2022)
2 United States Digital Meter Market Competition by Players/Suppliers
2.1 United States Digital Meter Sales and Market Share of Key Players/Suppliers (2012-2017)
2.2 United States Digital Meter Revenue and Share by Players/Suppliers (2012-2017)
2.3 United States Digital Meter Average Price by Players/Suppliers (2012-2017)
2.4 United States Digital Meter Market Competitive Situation and Trends
2.4.1 United States Digital Meter Market Concentration Rate
2.4.2 United States Digital Meter Market Share of Top 3 and Top 5 Players/Suppliers
2.4.3 Mergers & Acquisitions, Expansion in United States Market
2.5 United States Players/Suppliers Digital Meter Manufacturing Base Distribution, Sales Area, Product Type
3 United States Digital Meter Sales (Volume) and Revenue (Value) by Region (2012-2017)
3.1 United States Digital Meter Sales and Market Share by Region (2012-2017)
3.2 United States Digital Meter Revenue and Market Share by Region (2012-2017)
3.3 United States Digital Meter Price by Region (2012-2017)
4 United States Digital Meter Sales (Volume) and Revenue (Value) by Type (Product Category) (2012-2017)
4.1 United States Digital Meter Sales and Market Share by Type (Product Category) (2012-2017)
4.2 United States Digital Meter Revenue and Market Share by Type (2012-2017)
4.3 United States Digital Meter Price by Type (2012-2017)
4.4 United States Digital Meter Sales Growth Rate by Type (2012-2017)
5 United States Digital Meter Sales (Volume) by Application (2012-2017)
5.1 United States Digital Meter Sales and Market Share by Application (2012-2017)
5.2 United States Digital Meter Sales Growth Rate by Application (2012-2017)
5.3 Market Drivers and Opportunities
6 United States Digital Meter Players/Suppliers Profiles and Sales Data
6.1 Al-Jon Manufacturing
6.1.1 Company Basic Information, Manufacturing Base and Competitors
6.1.2 Digital Meter Product Category, Application and Specification
6.1.2.1 Product A
6.1.2.2 Product B
6.1.3 Al-Jon Manufacturing Digital Meter Sales, Revenue, Price and Gross Margin (2012-2017)
6.1.4 Main Business/Business Overview
6.2 Environmental Manufacturing
6.2.2 Digital Meter Product Category, Application and Specification
6.2.2.1 Product A
6.2.2.2 Product B
6.2.3 Environmental Manufacturing Digital Meter Sales, Revenue, Price and Gross Margin (2012-2017)
6.2.4 Main Business/Business Overview
6.3 Heitman Laboratories
6.3.2 Digital Meter Product Category, Application and Specification
6.3.2.1 Product A
6.3.2.2 Product B
6.3.3 Heitman Laboratories Digital Meter Sales, Revenue, Price and Gross Margin (2012-2017)
6.3.4 Main Business/Business Overview
6.4 Kws Manufacturing Company
6.4.2 Digital Meter Product Category, Application and Specification
6.4.2.1 Product A
6.4.2.2 Product B
6.4.3 Kws Manufacturing Company Digital Meter Sales, Revenue, Price and Gross Margin (2012-2017)
6.4.4 Main Business/Business Overview
6.5 Kmb Systems
6.5.2 Digital Meter Product Category, Application and Specification
6.5.2.1 Product A
6.5.2.2 Product B
6.5.3 Kmb Systems Digital Meter Sales, Revenue, Price and Gross Margin (2012-2017)
6.5.4 Main Business/Business Overview
6.6 Obvius Holdingd Llc
6.6.2 Digital Meter Product Category, Application and Specification
6.6.2.1 Product A
6.6.2.2 Product B
6.6.3 Obvius Holdingd Llc Digital Meter Sales, Revenue, Price and Gross Margin (2012-2017)
6.6.4 Main Business/Business Overview
6.7 Lubecorp Manufacturing
6.7.2 Digital Meter Product Category, Application and Specification
6.7.2.1 Product A
6.7.2.2 Product B
6.7.3 Lubecorp Manufacturing Digital Meter Sales, Revenue, Price and Gross Margin (2012-2017)
6.7.4 Main Business/Business Overview
6.8 Quadlogic Meters
6.8.2 Digital Meter Product Category, Application and Specification
6.8.2.1 Product A
6.8.2.2 Product B
6.8.3 Quadlogic Meters Digital Meter Sales, Revenue, Price and Gross Margin (2012-2017)
6.8.4 Main Business/Business Overview
6.9 Secure Meters
6.9.2 Digital Meter Product Category, Application and Specification
6.9.2.1 Product A
6.9.2.2 Product B
6.9.3 Secure Meters Digital Meter Sales, Revenue, Price and Gross Margin (2012-2017)
6.9.4 Main Business/Business Overview
7 Digital Meter Manufacturing Cost Analysis
7.1 Digital Meter Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.1.4 Market Concentration Rate of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Manufacturing Process Analysis of Digital Meter
8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1 Digital Meter Industrial Chain Analysis
8.2 Upstream Raw Materials Sourcing
8.3 Raw Materials Sources of Digital Meter Major Manufacturers in 2016
8.4 Downstream Buyers
9 Marketing Strategy Analysis, Distributors/Traders
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.1.3 Marketing Channel Development Trend
9.2 Market Positioning
9.2.1 Pricing Strategy
9.2.2 Brand Strategy
9.2.3 Target Client
9.3 Distributors/Traders List
10 Market Effect Factors Analysis
10.1 Technology Progress/Risk
10.1.1 Substitutes Threat
10.1.2 Technology Progress in Related Industry
10.2 Consumer Needs/Customer Preference Change
10.3 Economic/Political Environmental Change
11 United States Digital Meter Market Size (Value and Volume) Forecast (2017-2022)
11.1 United States Digital Meter Sales Volume, Revenue Forecast (2017-2022)
11.2 United States Digital Meter Sales Volume Forecast by Type (2017-2022)
11.3 United States Digital Meter Sales Volume Forecast by Application (2017-2022)
11.4 United States Digital Meter Sales Volume Forecast by Region (2017-2022)
12 Research Findings and Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
List of Tables and Figures
Figure Product Picture of Digital Meter
Figure United States Digital Meter Market Size (K Units) by Type (2012-2022)
Figure United States Digital Meter Sales Volume Market Share by Type (Product Category) in 2016
Figure Stationary Product Picture
Figure Portable Product Picture
Figure United States Digital Meter Market Size (K Units) by Application (2012-2022)
Figure United States Sales Market Share of Digital Meter by Application in 2016
Figure Residential Examples
Table Key Downstream Customer in Residential
Figure Commercial Examples
Table Key Downstream Customer in Commercial
Figure Industrial Examples
Table Key Downstream Customer in Industrial
Figure United States Digital Meter Market Size (Million USD) by Region (2012-2022)
Figure The West Digital Meter Revenue (Million USD) and Growth Rate (2012-2022)
Figure Southwest Digital Meter Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Middle Atlantic Digital Meter Revenue (Million USD) and Growth Rate (2012-2022)
Figure New England Digital Meter Revenue (Million USD) and Growth Rate (2012-2022)
Figure The South of US Digital Meter Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Midwest Digital Meter Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Digital Meter Sales (K Units) and Growth Rate (2012-2022)
Figure United States Digital Meter Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Digital Meter Market Major Players Product Sales Volume (K Units) (2012-2017)
Table United States Digital Meter Sales (K Units) of Key Players/Suppliers (2012-2017)
Table United States Digital Meter Sales Share by Players/Suppliers (2012-2017)
Figure 2016 United States Digital Meter Sales Share by Players/Suppliers
Figure 2017 United States Digital Meter Sales Share by Players/Suppliers
Figure United States Digital Meter Market Major Players Product Revenue (Million USD) (2012-2017)
Table United States Digital Meter Revenue (Million USD) by Players/Suppliers (2012-2017)
Table United States Digital Meter Revenue Share by Players/Suppliers (2012-2017)
Figure 2016 United States Digital Meter Revenue Share by Players/Suppliers
Figure 2017 United States Digital Meter Revenue Share by Players/Suppliers
Table United States Market Digital Meter Average Price (USD/Unit) of Key Players/Suppliers (2012-2017)
Figure United States Market Digital Meter Average Price (USD/Unit) of Key Players/Suppliers in 2016
Figure United States Digital Meter Market Share of Top 3 Players/Suppliers
Figure United States Digital Meter Market Share of Top 5 Players/Suppliers
Table United States Players/Suppliers Digital Meter Manufacturing Base Distribution and Sales Area
Table United States Players/Suppliers Digital Meter Product Category
Table United States Digital Meter Sales (K Units) by Region (2012-2017)
Table United States Digital Meter Sales Share by Region (2012-2017)
Figure United States Digital Meter Sales Share by Region (2012-2017)
Figure United States Digital Meter Sales Market Share by Region in 2016
Table United States Digital Meter Revenue (Million USD) and Market Share by Region (2012-2017)
Table United States Digital Meter Revenue Share by Region (2012-2017)
Figure United States Digital Meter Revenue Market Share by Region (2012-2017)
Figure United States Digital Meter Revenue Market Share by Region in 2016
Table United States Digital Meter Price (USD/Unit) by Region (2012-2017)
Table United States Digital Meter Sales (K Units) by Type (2012-2017)
Table United States Digital Meter Sales Share by Type (2012-2017)
Figure United States Digital Meter Sales Share by Type (2012-2017)
Figure United States Digital Meter Sales Market Share by Type in 2016
Table United States Digital Meter Revenue (Million USD) and Market Share by Type (2012-2017)
Table United States Digital Meter Revenue Share by Type (2012-2017)
Figure Revenue Market Share of Digital Meter by Type (2012-2017)
Figure Revenue Market Share of Digital Meter by Type in 2016
Table United States Digital Meter Price (USD/Unit) by Types (2012-2017)
Figure United States Digital Meter Sales Growth Rate by Type (2012-2017)
Table United States Digital Meter Sales (K Units) by Application (2012-2017)
Table United States Digital Meter Sales Market Share by Application (2012-2017)
Figure United States Digital Meter Sales Market Share by Application (2012-2017)
Figure United States Digital Meter Sales Market Share by Application in 2016
Table United States Digital Meter Sales Growth Rate by Application (2012-2017)
Figure United States Digital Meter Sales Growth Rate by Application (2012-2017)
Table Al-Jon Manufacturing Basic Information List
Table Al-Jon Manufacturing Digital Meter Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Al-Jon Manufacturing Digital Meter Sales Growth Rate (2012-2017)
Figure Al-Jon Manufacturing Digital Meter Sales Market Share in United States (2012-2017)
Figure Al-Jon Manufacturing Digital Meter Revenue Market Share in United States (2012-2017)
Table Environmental Manufacturing Basic Information List
Table Environmental Manufacturing Digital Meter Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Environmental Manufacturing Digital Meter Sales Growth Rate (2012-2017)
Figure Environmental Manufacturing Digital Meter Sales Market Share in United States (2012-2017)
Figure Environmental Manufacturing Digital Meter Revenue Market Share in United States (2012-2017)
Table Heitman Laboratories Basic Information List
Table Heitman Laboratories Digital Meter Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Heitman Laboratories Digital Meter Sales Growth Rate (2012-2017)
Figure Heitman Laboratories Digital Meter Sales Market Share in United States (2012-2017)
Figure Heitman Laboratories Digital Meter Revenue Market Share in United States (2012-2017)
Table Kws Manufacturing Company Basic Information List
Table Kws Manufacturing Company Digital Meter Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Kws Manufacturing Company Digital Meter Sales Growth Rate (2012-2017)
Figure Kws Manufacturing Company Digital Meter Sales Market Share in United States (2012-2017)
Figure Kws Manufacturing Company Digital Meter Revenue Market Share in United States (2012-2017)
Table Kmb Systems Basic Information List
Table Kmb Systems Digital Meter Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Kmb Systems Digital Meter Sales Growth Rate (2012-2017)
Figure Kmb Systems Digital Meter Sales Market Share in United States (2012-2017)
Figure Kmb Systems Digital Meter Revenue Market Share in United States (2012-2017)
Table Obvius Holdingd Llc Basic Information List
Table Obvius Holdingd Llc Digital Meter Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Obvius Holdingd Llc Digital Meter Sales Growth Rate (2012-2017)
Figure Obvius Holdingd Llc Digital Meter Sales Market Share in United States (2012-2017)
Figure Obvius Holdingd Llc Digital Meter Revenue Market Share in United States (2012-2017)
Table Lubecorp Manufacturing Basic Information List
Table Lubecorp Manufacturing Digital Meter Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Lubecorp Manufacturing Digital Meter Sales Growth Rate (2012-2017)
Figure Lubecorp Manufacturing Digital Meter Sales Market Share in United States (2012-2017)
Figure Lubecorp Manufacturing Digital Meter Revenue Market Share in United States (2012-2017)
Table Quadlogic Meters Basic Information List
Table Quadlogic Meters Digital Meter Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Quadlogic Meters Digital Meter Sales Growth Rate (2012-2017)
Figure Quadlogic Meters Digital Meter Sales Market Share in United States (2012-2017)
Figure Quadlogic Meters Digital Meter Revenue Market Share in United States (2012-2017)
Table Secure Meters Basic Information List
Table Secure Meters Digital Meter Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (2012-2017)
Figure Secure Meters Digital Meter Sales Growth Rate (2012-2017)
Figure Secure Meters Digital Meter Sales Market Share in United States (2012-2017)
Figure Secure Meters Digital Meter Revenue Market Share in United States (2012-2017)
Table Production Base and Market Concentration Rate of Raw Material
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Figure Manufacturing Cost Structure of Digital Meter
Figure Manufacturing Process Analysis of Digital Meter
Figure Digital Meter Industrial Chain Analysis
Table Raw Materials Sources of Digital Meter Major Players/Suppliers in 2016
Table Major Buyers of Digital Meter
Table Distributors/Traders List
Figure United States Digital Meter Sales Volume (K Units) and Growth Rate Forecast (2017-2022)
Figure United States Digital Meter Revenue (Million USD) and Growth Rate Forecast (2017-2022)
Figure United States Digital Meter Price (USD/Unit) Trend Forecast (2017-2022)
Table United States Digital Meter Sales Volume (K Units) Forecast by Type (2017-2022)
Figure United States Digital Meter Sales Volume (K Units) Forecast by Type (2017-2022)
Figure United States Digital Meter Sales Volume (K Units) Forecast by Type in 2022
Table United States Digital Meter Sales Volume (K Units) Forecast by Application (2017-2022)
Figure United States Digital Meter Sales Volume (K Units) Forecast by Application (2017-2022)
Figure United States Digital Meter Sales Volume (K Units) Forecast by Application in 2022
Table United States Digital Meter Sales Volume (K Units) Forecast by Region (2017-2022)
Table United States Digital Meter Sales Volume Share Forecast by Region (2017-2022)
Figure United States Digital Meter Sales Volume Share Forecast by Region (2017-2022)
Figure United States Digital Meter Sales Volume Share Forecast by Region in 2022
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
Personalized Business Report Tailored to Your Requirements
- Our expert analysts collaborate directly with you to comprehend your specific needs.
- Get data on regions, segments, competitors, and vendors of your choice.
- Information is presented in alignment with your exact preferences and formatting.
Free Sample Report
"Find new revenue generation opportunities"