Digital Power Meter Market Share

North American Market Forecast

The digital power meter market in the North America is estimated to be the highest with a revenue share of 38% by 2036. The regional growth can majorly be attributed to the increasing government initiatives to improve energy distribution. The increasing R&D investments in new energy storage technologies and the strong presence of market players in the region impels regional market growth.

APAC Market Analysis

The Asia Pacific digital power meter market value is also estimated to grow steadily in the forecast period and hold 24% by the end of it. Rapid industrialization and urbanization especially in countries such as India, China, and Japan have led to an increased demand for digital power meters for efficient power usage. Furthermore, the burgeoning population in the region has led to an increased demand for electricity which requires digital power meters for sustainable energy consumption.