Digital Power Meters Market - Regional Synopsis
North American Market Forecast
North America industry is predicted to dominate majority revenue share of 38% by 2037, attributed to increasing government initiatives to improve energy distribution in the region.. 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.
