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Power Circuit Meter Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034

Publisher Global Market Insights
Published Sep 26, 2025
Length 353 Pages
SKU # GMI20513095

Description

The Global Power Circuit Meter Market was valued at USD 4.56 billion in 2024 and is estimated to grow at a CAGR of 10.8% to reach USD 12.62 billion by 2034.

Market growth is driven by the accelerating shift toward smart energy management, increasing levels of industrial automation, and the growing emphasis on energy efficiency, sustainability, and real-time monitoring systems. As industries and commercial facilities move toward digital transformation, the demand for intelligent power monitoring equipment has surged, enabling more accurate measurement, control, and optimization of energy usage. Power circuit meters play a vital role in tracking electrical parameters such as voltage, current, frequency, and power consumption, allowing facility managers to identify inefficiencies, prevent downtime, and reduce operational costs. The integration of these meters into IoT-enabled energy management systems further enhances data transparency, predictive maintenance, and load balancing, making them indispensable components in smart buildings, industrial plants, and renewable energy installations worldwide.

The multi-circuit meters segment generated USD 2.87 billion in 2024 and is projected to reach USD 8.05 billion by 2034, driven by their superior ability to monitor multiple circuits simultaneously, streamline installation processes, and significantly enhance energy management efficiency. These meters are increasingly used in large-scale industrial and commercial facilities where multiple loads need to be tracked individually for energy auditing, sub-metering, and cost allocation. The integration of IoT-enabled communication technologies such as Modbus, BACnet, and Ethernet further strengthens their role in smart grid and building automation systems.

Based on installation, the indoor segment dominated in 2024, contributing over USD 3.74 billion, supported by the rising adoption of advanced monitoring solutions for load management, power quality analysis, and equipment protection. Indoor power circuit meters are widely deployed in smart buildings, hospitals, universities, and production facilities where accurate real-time power data is critical for operational efficiency and predictive maintenance. The trend toward centralized energy monitoring in urban infrastructure and the increasing integration of these systems with building management systems (BMS) and energy management software are further fueling the dominance of this segment.

Asia Pacific Power Circuit Meter Market generated USD 2.7 billion in 2024, driven by rapid urbanization, large-scale industrial expansion, and strong governmental support for sustainable energy management. Countries such as China, India, Japan, and South Korea are witnessing significant investments in smart grid projects, renewable energy integration, and digital infrastructure, creating robust demand for intelligent power monitoring devices. The region’s emphasis on energy conservation regulations, efficient power distribution, and industrial automation continues to strengthen market penetration.

Key players in the Power Circuit Meter Market include ABB Ltd., Siemens AG, Schneider Electric, Eaton Corporation, Accuenergy Inc., Yokogawa Electric Corporation, Eastron Electronic Co. Ltd., and Itron Inc. These companies continue to strengthen their portfolios through technological innovation, strategic partnerships, and expanded smart metering solutions. Companies in the Power Circuit Meter Market are pursuing technological innovation, product diversification, and digital integration to strengthen their market position. Major players like ABB, Siemens, and Schneider Electric are integrating IoT, cloud analytics, and AI-driven platforms into their meters to enhance energy monitoring and predictive maintenance. Firms such as Accuenergy and Eastron focus on developing compact, modular, and multi-circuit designs to cater to smart grid and industrial automation needs. Strategic alliances, mergers, and OEM partnerships are expanding their global reach, particularly in emerging markets. Additionally, investments in R&D and sustainable design are helping manufacturers meet evolving energy standards and regulatory requirements while offering scalable solutions for smart infrastructure and distributed energy systems.

Table of Contents

353 Pages
Chapter 1 Methodology
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.1.3 Base estimates and calculations
1.1.4 Base year calculation
1.1.5 Market estimates & forecasts parameters
1.1.6 Key trends for market estimates
1.2 Market definitions
1.3 Forecast model
1.4 Primary research and validation
1.5 Some of the primary sources (but not limited to)
1.6 Data mining sources
1.6.1 Secondary
1.6.1.1 Paid sources
1.6.1.2 Source, by region
Chapter 2 Executive Summary
2.1 Industry snapshot
2.2 Business trends
2.3 Product trends
2.4 Technology trends
2.5 Connectivity trends
2.6 Installation trends
2.7 Application trends
2.8 Density trends
2.9 Regional trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Raw material availability & sourcing analysis
3.1.2 Manufacturing capacity assessment
3.1.3 Supply chain resilience & risk factors
3.1.4 Distribution network analysis
3.2 Regulatory landscape
3.2.1 U.S.
3.2.1.1 Metering in Federal Buildings
3.2.1.2 ANSI/ASHRAE/IES Standard
90.1 - 2013
3.2.1.3 ISO 50001 - Energy Management
3.2.1.4 ANSI C12 Electricity Meter Standards
3.2.1.5 Federal Energy Regulations
3.2.2 Canada
3.2.2.1 Smart grid Program
3.2.2.2 CSA Standards
3.2.2.3 Provincial and Utility Codes
3.2.2.4 Mexico
3.2.2.4.1 NOM Standards
3.2.2.4.2 Regulatory Acts and Government Orders
3.2.3 Europe
3.2.3.1 EU Directives
3.2.3.2 Third Legislative Package
3.2.3.3 Data Protection Directive
3.2.3.4 Legal processing of the metering data
3.2.3.5 UK
3.2.3.5.1 The Coalition and Conservative Governments
3.2.3.5.2 Smart Meter Targets Framework
3.2.3.5.3 The Smart Energy Code
3.2.3.5.4 The Energy Efficiency Directive
3.2.3.5.5 SMETS1 Policy
3.2.3.5.6 Measuring Instruments Regulations
3.2.3.5.7 Electricity Act 1989 and Related Ofgem Regulations
3.2.3.5.8 Smart Metering Equipment Technical Specifications (SMETS)
3.2.3.6 Germany
3.2.3.6.1 Measuring Instruments Directive (MID)
3.2.3.6.2 German Calibration Law
3.2.3.7 France
3.2.3.7.1 Utility Codes and Technical Standards
3.2.3.8 Netherlands
3.2.3.9 Italy
3.2.3.9.1 Legislative Decree 22/2007
3.2.3.9.2 UNI CEI Standards (UNI CEI EN 62052/62053 Series)
3.2.3.10 Spain
3.2.3.10.1 Technical Installation Codes - ITC-BT-40
3.2.3.10.2 EN 50470 Series and OIML R46
3.2.4 Asia Pacific
3.2.4.1 India
3.2.4.1.1 Central Electricity Authority: Metering Regulation
3.2.4.1.2 Amendment in Electricity Rights of Consumers Rules 2020
3.2.4.1.3 Revamped Distribution Sector Scheme (RDSS)
3.2.4.1.4 BIS Standards
3.2.4.2 Australia
3.2.4.2.1 Technical Regulator Guideline
3.2.4.2.2 Deemed to Comply Wiring Arrangements
3.2.4.2.3 Electrical Contractor Requirements
3.2.4.2.4 Metering Provider Requirements
3.2.4.3 Japan
3.2.4.3.1 Weights and Measures Act
3.2.4.3.2 JEMIC Type Approval
3.2.4.3.3 Electricity Business Act and Installation Codes
3.2.4.4 China
3.2.4.4.1 JJG and GB Standards
3.2.4.4.2 Industry Codes and Utility Requirements
3.2.5 Middle East & Africa
3.2.5.1 UAE
3.2.5.1.1 Regulation for smart electric meter installations
3.2.5.2 Saudi Arabia
3.2.5.2.1 SM/SG Programme
3.2.5.2.2 Smart Metering Project (SMP)
3.2.5.2.3 Meter Type Approval and Certification
3.2.5.3 Egypt
3.2.5.3.1 Egyptian Organization for Standardization (EOS) and Laws
3.2.5.4 South Africa
3.2.5.4.1 National Smart Metering Standards
3.2.5.4.2 Measurement Units and Standards Act
3.2.5.4.3 National Electricity Rules (NER) and NERSA Codes
3.2.5.5 Nigeria
3.2.5.5.1 Regulation No.: NERC/REG/4
3.2.6 Latin America
3.2.6.1 Brazil
3.2.6.1.1 Energy Efficiency and Smart Grids for Low Carbon and Green Growth
3.2.6.1.2 Mandatory roll out of smart meters
3.2.6.1.3 INMETRO Regulations
3.2.6.1.4 Utility and Regulatory Codes
3.2.6.2 Argentina
3.2.6.2.1 ENRE Metering Code
3.2.6.2.2 IRAM Standards
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Supportive government regulations & framework
3.3.1.2 Integrating renewable energy sources into smart grid infrastructure
3.3.1.3 Effective monitoring & control of energy consumption
3.3.1.4 Control of unauthorized & unlawful energy consumption
3.3.2 Industry pitfalls & challenges
3.3.2.1 End-user resistance
3.4 Growth potential analysis
3.5 Porter's analysis
3.6 PESTEL analysis
3.7 Cost structure analysis of power circuit meters
3.8 Price trend analysis
3.8.1 By region
3.8.2 By product
3.9 Emerging opportunities & trends
3.9.1 5G & advanced connectivity deployment
3.9.2 Smart city infrastructure development
3.9.3 Electric vehicle charging infrastructure
3.10 IoT & digital transformation implementation trends
3.11 Investment analysis & future outlook
3.12 Power quality monitoring & analysis capabilities
3.13 Technology trends & innovation catalysts
3.14 Qualitative comparison of single-phase & three-phase meters
Chapter 4 Competitive Landscape, 2025
4.1 Introduction
4.2 Company market share analysis, by region, 2024
4.2.1 Global
4.2.2 North America
4.2.3 Europe
4.2.4 Asia Pacific
4.2.5 Middle East & Africa
4.2.6 Latin America
4.3 Strategic dashboard
4.3.1 ABB
4.3.1.1 Business expansion
4.3.2 Accuenergy Inc.
4.3.2.1 Business expansion
4.3.2.2 Partnership
4.3.3 Eaton
4.3.3.1 Business development
4.3.4 Honeywell International
4.3.4.1 Acquisition
4.3.5 Itron
4.3.5.1 Agreement
4.3.5.2 Partnership
4.3.5.3 Installation/supply
4.3.6 Landis+Gyr
4.3.6.1 Partnership
4.3.6.2 Installation/supply
4.3.6.3 Agreement
4.3.7 Mitsubishi Electric Corporation
4.3.7.1 Installation/supply
4.3.8 Phoenix Contact
4.3.8.1 Business expansion
4.3.9 SATEC GROUP
4.3.9.1 Business development
4.3.10 Schneider Electric
4.3.10.1 Partnership
4.3.10.2 Business expansion
4.3.11 Siemens
4.3.11.1 Installation/supply
4.3.11.2 Collaboration
4.3.11.3 Acquisition
4.3.12 Janitza Electronics
4.3.12.1 Acquisition
4.3.13 Powerside
4.3.13.1 Acquisition
4.4 Strategic initiatives
4.5 Competitive benchmarking
4.6 Innovation & sustainability landscape
4.6.1 Accuenergy Inc.
4.6.2 Eastron Electronic Co., Ltd.
4.6.3 Eaton
4.6.4 Honeywell International
4.6.5 Itron
4.6.6 Leviton Manufacturing Co., Inc.
4.6.7 Phoenix Contact
4.6.8 SATEC GROUP
4.6.9 Socomec
4.6.10 Yokogawa Electric Corporation
4.6.11 Electro Industries Gauge Tech
Chapter 5 Market Size and Forecast, By Product, 2021 - 2034 ('000 Units & USD Million)
5.1 Key trends
5.2 Single circuit meters
5.3 Multi circuit meters
Chapter 6 Market Size and Forecast, By Technology, 2021 - 2034 ('000 Units & USD Million)
6.1 Key trends
6.2 Analog meters
6.3 Digital meters
6.4 Smart meters
Chapter 7 Market Size and Forecast, By Connectivity, 2021 - 2034 ('000 Units & USD Million)
7.1 Key trends
7.2 Wired
7.3 Wireless
Chapter 8 Market Size and Forecast, By Installation, 2021 - 2034 ('000 Units & USD Million)
8.1 Key trends
8.2 Indoor
8.3 Outdoor
Chapter 9 Market Size and Forecast, By Application, 2021 - 2034 ('000 Units & USD Million)
9.1 Key trends
9.2 Residential
9.3 Commercial
9.4 Industrial
9.5 Utility
Chapter 10 Market Size and Forecast, By Density, 2021 - 2034 ('000 Units & USD Million)
10.1 Key trends
10.2 Low density (2 - 16 circuits)
10.3 Medium density (17 - 48 circuits)
10.4 High density (49 & Above circuits)
Chapter 11 Market Size and Forecast, By Region, 2021 - 2034 ('000 Units & USD Million)
11.1 Key trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 Russia
11.3.4 UK
11.3.5 Italy
11.3.6 Spain
11.3.7 Netherlands
11.3.8 Austria
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 South Korea
11.4.4 India
11.4.5 Australia
11.4.6 New Zealand
11.4.7 Malaysia
11.4.8 Indonesia
11.5 Middle East & Africa
11.5.1 Saudi Arabia
11.5.2 UAE
11.5.3 Qatar
11.5.4 Egypt
11.5.5 South Africa
11.5.6 Nigeria
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
Chapter 12 Company Profiles
12.1 ABB
12.1.1 Financial Data
12.1.2 Product Landscape
12.1.3 Strategic Outlook
12.1.4 SWOT Analysis
12.2 Accuenergy Inc.
12.2.1 Financial Data
12.2.2 Product Landscape
12.2.3 Strategic Outlook
12.2.4 SWOT Analysis
12.3 Acrel Co., Ltd.
12.3.1 Financial Data
12.3.2 Product Landscape
12.3.3 SWOT Analysis
12.4 Blue Jay Technology Co. Ltd.
12.4.1 Financial Data
12.4.2 Product Landscape
12.4.3 SWOT Analysis
12.5 Camille Bauer Metrawatt
12.5.1 Financial Data
12.5.2 Product Landscape
12.5.3 SWOT Analysis
12.6 Continental Control Systems, LLC
12.6.1 Financial Data
12.6.2 Product Landscape
12.6.3 SWOT Analysis
12.7 Delta Electronics, Inc
12.7.1 Financial Data
12.7.2 Product Landscape
12.7.3 SWOT Analysis
12.8 DENT, Inc.
12.8.1 Financial Data
12.8.2 Product Landscape
12.8.3 SWOT Analysis
12.9 Dranetz Technologies
12.9.1 Financial Data
12.9.2 Product Landscape
12.9.3 SWOT Analysis
12.10 Ducab
12.10.1 Financial Data
12.10.2 Product Landscape
12.10.3 SWOT Analysis
12.11 Eastron Electronic Co., Ltd.
12.11.1 Financial Data
12.11.2 Product Landscape
12.11.3 Strategic Outlook
12.11.4 SWOT Analysis
12.12 Eaton
12.12.1 Financial Data
12.12.2 Product Landscape
12.12.3 Strategic Outlook
12.12.4 SWOT Analysis
12.13 Electro Industries Gauge Tech
12.13.1 Financial Data
12.13.2 Product Landscape
12.13.3 Strategic Outlook
12.13.4 SWOT Analysis
12.14 Elspec
12.14.1 Financial Data
12.14.2 Product Landscape
12.14.3 SWOT Analysis
12.15 Emerson Electric
12.15.1 Financial Data
12.15.2 Product Landscape
12.15.3 SWOT Analysis
12.16 Fluke Corporation
12.16.1 Financial Data
12.16.2 Product Landscape
12.16.3 SWOT Analysis
12.17 GE Vernova
12.17.1 Financial Data
12.17.2 Product Landscape
12.17.3 SWOT Analysis
12.18 Honeywell International
12.18.1 Financial Data
12.18.2 Product Landscape
12.18.3 Strategic Outlook
12.18.4 SWOT Analysis
12.19 Itron
12.19.1 Financial Data
12.19.2 Product Landscape
12.19.3 Strategic Outlook
12.19.4 SWOT Analysis
12.20 Janitza Electronics GmbH
12.20.1 Financial Data
12.20.2 Product Landscape
12.20.3 Strategic Outlook
12.20.4 SWOT Analysis
12.21 JIANGSU ELECNOVA ELECTRIC CO., LTD.
12.21.1 Financial Data
12.21.2 Product Landscape
12.21.3 SWOT Analysis
12.22 Jiangsu Sfere Electric Co., Ltd.
12.22.1 Financial Data
12.22.2 Product Landscape
12.22.3 SWOT Analysis
12.23 Landis+Gyr
12.23.1 Financial Data
12.23.2 Product Landscape
12.23.3 Strategic Outlook
12.23.4 SWOT Analysis
12.24 Leviton Manufacturing Co., Inc.
12.24.1 Financial Data
12.24.2 Product Landscape
12.24.3 Strategic Outlook
12.24.4 SWOT Analysis
12.25 Manutech Europe Ltd.
12.25.1 Financial Data
12.25.2 Product Landscape
12.25.3 SWOT Analysis
12.26 MicroDAQ, LLC
12.26.1 Financial Data
12.26.2 Product Landscape
12.26.3 SWOT Analysis
12.27 Mitsubishi Electric
12.27.1 Financial Data
12.27.2 Product Landscape
12.27.3 Strategic Outlook
12.27.4 SWOT Analysis
12.28 Megger
12.28.1 Financial Data
12.28.2 Product Landscape
12.28.3 SWOT Analysis
12.29 Packet Power
12.29.1 Financial Data
12.29.2 Product Landscape
12.29.3 SWOT Analysis
12.30 Phoenix Contact
12.30.1 Financial Data
12.30.2 Product Landscape
12.30.3 Strategic Outlook
12.30.4 SWOT Analysis
12.31 Powerside
12.31.1 Financial Data
12.31.2 Product Landscape
12.31.3 Strategic Outlook
12.31.4 SWOT Analysis
12.32 Rockwell Automation
12.32.1 Financial Data
12.32.2 Product Landscape
12.32.3 SWOT Analysis
12.33 SATEC GROUP
12.33.1 Financial Data
12.33.2 Product Landscape
12.33.3 Strategic Outlook
12.33.4 SWOT Analysis
12.34 Schneider Electric
12.34.1 Financial Data
12.34.2 Product Landscape
12.34.3 Strategic Outlook
12.34.4 SWOT Analysis
12.35 Schweitzer Engineering Laboratories, Inc.
12.35.1 Financial Data
12.35.2 Product Landscape
12.35.3 SWOT Analysis
12.36 SENVA
12.36.1 Financial Data
12.36.2 Product Landscape
12.36.3 SWOT Analysis
12.37 Siemens
12.37.1 Financial Data
12.37.2 Product Landscape
12.37.3 Strategic Outlook
12.37.4 SWOT Analysis
12.38 Socomec
12.38.1 Financial Data
12.38.2 Product Landscape
12.38.3 Strategic Outlook
12.38.4 SWOT Analysis
12.39 UniSource Energy Services
12.39.1 Financial Data
12.39.2 Product Landscape
12.39.3 SWOT Analysis
12.40 Yokogawa Electric Corporation
12.40.1 Financial Data
12.40.2 Product Landscape
12.40.3 Strategic Outlook
12.40.4 SWOT Analysis

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