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Last Updated: Apr 26, 2025 | Study Period:
An electronic power meter, commonly referred to as a digital or smart meter, is a tool that digitally calculates the quantity of electrical energy used by a company or electrical item.
The conventional Ferrari wheel meter is effectively outperformed by an electronic power meter. EPM has a number of advantages over conventional mechanical meters, including extremely precise metering and more durable electronic measuring in non-linear loads.
The global electronic power meter market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
For the market for digital panel meters, ABB has introduced a new series of electrical measuring and power monitoring meters.
With this launch, ABB expands its current selection of single, multifunction meters, and network analyzers to include a broad portfolio that serves the Panel Meter market across several sectors, including healthcare, hospitality, infrastructure, and food and beverage, to mention a few.
Users can choose better options to track their energy consumption thanks to these smart solutions for metering and energy monitoring.
The meters ensure fundamental to comprehensive analyses of power quality and precisely track the energy resources for residential, industrial, and commercial building segments.
By providing power to quality monitoring requirements inside power factor correction boards, motor control centers, or sub-distribution switchboards of commercial and industrial buildings, the recently launched M1M11, M1M DS, M1M 20B, and M1M 30B cover the major submetering easily and affordably.
Top Private Distribution Company has granted approval and production clearance to HPL Electric & Power Ltd, leading manufacturer of electrical and metering equipment, for the adoption of NB-IoT-based Smart Meters.
With NB-IoT communications technology, HPL's new line of smart meters is compatible with both 4G and 5G networks and provides a dedicated channel for smart metering, preventing any performance degradation from interference or obstruction caused by congestion on the public network.
At HPL's new research and development facility in Gurugram, a new variety of NB-IoT smart meters has been created internally.
| Market Segmentation |
| Scope of the report |
| Abbreviations |
| Research Methodology |
| Executive Summary |
| Introduction |
| Insights from Industry stakeholders |
| Cost breakdown of Product by sub-components and average profit margin |
| Disruptive innovation in the Industry |
| Technology trends in the Industry |
| Consumer trends in the industry |
| Recent Production Milestones |
| Component Manufacturing in US, EU and China |
| COVID-19 impact on overall market |
| COVID-19 impact on Production of components |
| COVID-19 impact on Point of sale |
| Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| Product installation rate by OEM, 2023 |
| Incline/Decline in Average B-2-B selling price in past 5 years |
| Competition from substitute products |
| Gross margin and average profitability of suppliers |
| New product development in past 12 months |
| M&A in past 12 months |
| Growth strategy of leading players |
| Market share of vendors, 2023 |
| Company Profiles |
| Unmet needs and opportunity for new suppliers |
| Conclusion |
| Appendix |
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