Energy Measurement ICs Market Analysis
The global Energy Measurement ICs Market size is predicted to
develop at a healthy CAGR between 2018- 2023, states the recent Market Research
Future (MRFR) analysis. Energy measurement, simply put, is the measurement of
energy consumption that is used for determining consumer needs and aids in better
management of energy.
Generally, energy measurement ICs are used in energy
meters that help them in measuring the consumption of energy with which an
energy meter displays real-time and accurate readings and at the same time,
also calculates multi-tariff billing, power quality monitoring, and reactive
energy measurement. This result in improved customer services and billing,
offer protection against electricity theft, and improve power generation,
distribution and transmission of electric power. Multi-channel and
single-channel are its different types, and its function includes RMS energy,
reactive energy (kVAR), apparent energy (kVA), and active energy (kWh). Some of
its key applications include smart cities, smart homes, smart appliances, power
monitors for servers, industrial, and smart-plugs.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/1681
Various factors are propelling the global energy
metering ICs market share. According to the recent MRFR report, such factors
include the rapid change in consumer behavior, need for better energy
management, increasing use in different applications in commercial industries,
offer real-time and accurate readings, increasing use of smart appliances,
strict government regulations about energy utilization, and innovations in
energy measurement technology.
On the contrary, the impact of the COVID-19 outbreak
may limit the global energy metering ICs market growth over the forecast
period.
Market Segmentation
The MRFR report highlights an inclusive segmental
analysis of the global energy metering ICs market based on application, type,
and functions.
By function, the global energy metering ICs market
is segmented into RMS energy, reactive energy (kVAR), apparent energy (kVA),
and active energy (kWh).
By type, the global energy metering ICs market is
segmented into multi-channel and single-channel.
By application, the global energy metering ICs
market is segmented into smart cities, smart homes, smart appliances, power
monitors for servers, industrial, and smart-plugs. Of these, the industrial
segment will lead the market over the forecast period.
Regional Analysis
By region, the global energy metering ICs market covers
the growth opportunities and recent trends across Europe, North America, the
Asia Pacific (APAC), & the Rest of the World (RoW). Among these, North
America will spearhead the market over the forecast period. Burgeoning demand
for smart technology in different industrial vectors, superior technology,
willingness to use the latest technologies, & the presence of key players
are adding to the global energy metering ICs market growth in the region.
The global energy metering ICs market in Europe is
predicted to hold the second-largest share over the forecast period. The region
following strict environmental policies, demand for smart technology,
technological advances, adoption of current technologies, and the presence of
eminent players are adding to the global energy metering ICs market growth in
the region.
The global energy metering ICs market in the APAC
region is predicted to grow at a fast pace over the forecast period.
Integration of the technology in industries in Japan, India, and China, growing
demand for smart homes from the construction sector, rising adoption of smart
appliances, and a huge population base are adding to the global energy metering
ICs market growth in the region.
The global energy metering ICs market in the RoW is
predicted to have sound growth over the forecast period.
Key Players
Eminent contenders profiled in the global energy
metering ICs market report include Linear Technology (US), Microchip Technology
(US), Integrated Device Technology, Inc. (US), STMicroelectronics
(Switzerland), Maxim Integrated (US), Cirrus Logic (US), Atmel Corporation
(US), NXP Semiconductors (Netherlands), and Analog Devices Inc.(US).
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/energy-measurement-ics-market-1681
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment