Australia power metering market is
expected to grow at a significant CAGR during the forecast period. Increased
competition among the market players is paving way for the growth of power
meters in Australia. Launch of new products and services to benefit customers
and producers of energy. Introducing price benefits to install power meters in
residential and commercial spaces is on rise. Detailed energy usage information
for enhancing transparency among consumers is expected to fuel the market
growth of power meters in Australia. Technological advancements and upgradation
of existing technology in power meters to obtain higher efficiency and better
performance is expected to influence the power metering market positively.
Integration of distributed energy resources such as solar photovoltaic
technology and adoption of battery technology is anticipated to foster the
power metering market growth. Australia has one of the highest gross domestic
products in the world thereby people can afford quality living standards.
Power metering has main benefit of
reduction in bills. Transferring of responsibilities away from distribution
service network providers to metering coordinators by respective authorities is
expected to fuel the market growth over the course of next five years.
Australia power metering market is
segmented into end-user, type, phase, region, and
company. Based
on regional analysis, New south wales, Victoria, and Queensland in Australia are
dominating the market in 2021 and is expected to maintain its dominance
throughout the forecast period, 2021-2027. Increasing electricity demand in the
country is paving the way for the growth of the market. Substantial integration
of wholesale markets for energy reform is aiding to the Australia power
metering market. High competition among major players in medium and large-scale
enterprises to install power metering systems in household and small business
is expected to boost the market.
The major players operating in the
Australia power metering market are SATEC Powerful
Solutions, EDMI Limited, Landis+Gyr, Power Metric, Carel Group, CETA Australia,
SBS Private Limited, Utility Relay Company, Smart Metering Services, ADM
Australia, and others. Major companies are developing advanced technologies
and launching new services to stay competitive in the market. Other competitive
strategies include mergers & acquisitions and new service developments.
Objective of the Study:
- To analyze the historical growth of the market
size of Australia power metering market from 2017 to 2020.
- To estimate and forecast the market size of Australia
power metering market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Australia power
metering market based on end user, type, phase, region, and company.
- To identify dominant region or segment in the Australia
power metering.
- To identify drivers and challenges for Australia
power metering.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Australia
power metering.
- To identify and analyze the profile of leading
players operating in Australia power metering.
- To identify key sustainable strategies adopted
by market players in Australia power metering market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers who
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Australia power metering market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Power meter manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to power metering
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historical Years
|
2017 – 2020
|
|
Estimated Year
|
2022E
|
|
Forecast Period
|
2023F – 2027F
|
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
|
|
Report Coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments Covered
|
·
End User
·
Type
·
Phase
|
|
Region Scope
|
Australia Capital Territory & New South Wales, Northern
Territory & Southern Australia, Western Australia, Queensland, Victoria
& Tasmania
|
|
Key Companies Profiled
|
SATEC Powerful Solutions, EDMI Limited, Landis+Gyr, Power
Metric, Carel Group, CETA Australia, SBS Private Limited, Utility Relay
Company, Smart Metering Services, ADM Australia.
|
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, Australia power
metering market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
·
Australia Power Metering Market, By
End-User:
- Residential
- Commercial
- Industrial
- Australia Power Metering Market, By Type:
- Analog Meters
- Digital Meters
- Smart Meters
- Australia Power Metering Market, By Phase:
- Australia Power Metering Market, By Region:
- Australia Capital Territory & New South Wales
- Northern Territory & Southern Australia
- Western Australia
- Queensland
- Victoria & Tasmania
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Australia power metering market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Australia power metering market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]