At what pace is the three-phase din rail electric energy meter market growing, and what is its estimated value?
The three-phase din rail electric energy meter market size has grown exponentially in recent years. It will grow from $94.5 billion in 2024 to $116.45 billion in 2025 at a compound annual growth rate (CAGR) of 23.2%. The growth in the historic period can be attributed to rise of industrialization, increasing urbanization, rise in adoption of smart grid technologies, increasing prevalence of real-time pricing models, and rise in electricity theft prevention measures.
The three-phase din rail electric energy meter market size is expected to see exponential growth in the next few years. It will grow to $265.2 billion in 2029 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to increasing adoption of smart grid technologies, growing investments in renewable energy infrastructure, rising energy costs, expanding use of electric vehicles, and increasing investments in manufacturing facilities. Major trends in the forecast period include technological advancements, smart meter integration, data analytics, prepayment solutions, and load management technologies.
Get Your Free Sample of The Global Three-phase DIN Rail Electric Energy Meter Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19222&type=smp
What are the top drivers to the rising demand in the three-phase din rail electric energy meter market?
The increasing industrialization is expected to propel the growth of the three-phase DIN rail electric energy meter market going forward. Industrialization is transforming an economy from primarily rural and manual production to one characterized by large-scale manufacturing, mechanization, and advanced technology. Increasing industrialization is driven by globalization, urbanization, and rising consumer demand for goods. The three-phase DIN rail electric energy meter aids industrialization by ensuring precise energy monitoring and promoting efficient electricity usage in manufacturing operations. For instance, in April 2024, according to a report published by the Federal Reserve Board, a US-based governmental organization, industrial production rose 0.4% in March, and manufacturing output saw a 0.5% increase, partly driven by a 3.1% rise in motor vehicles and parts. Excluding motor vehicles and parts, factory output rose by 0.3%. Therefore, the increasing industrialization is driving the growth of the three-phase DIN rail electric energy meter market.
How is the three-phase din rail electric energy meter market segmented?
The three-phase din rail electric energy metermarket covered in this report is segmented –
1) By Type: Stationary, Mobile
2) By Distribution Channel: Direct Sales, Distributor
3) By Application: Commercial, Industrial, Residential
Subsegments:
1) By Stationary: Digital Stationary Meters, Analog Stationary Meters
2) By Mobile: Portable Mobile Meters, Clamp-On Mobile Meters
Order your report now for swift delivery
Who are the top competitors in the three-phase din rail electric energy meter market?
Major companies operating in the three-phase din rail electric energy meter marker are Honeywell International Inc., Schneider Electric S.E., Eaton Corporation plc, Ato S.p.A., Chint Group Corporation, Gewiss S.p.A., Techno Electric & Engineering Company Limited, Circutor S.A., Kamstrup A/S, Accuenergy Inc., Four Faith Smart Power Technology Co., Ltd., ZPA Smart Energy, SATEC Ltd., Orbis Technology, CET Inc., Janitza electronics GmbH, SOS Electronic s.r.o., Nero Electronics, Tele Haase Steuergerätetechnik GmbH, Huabang Electric Technology Co. Ltd., Eastron Electronic Co. Ltd., Acrel Co. Ltd., SELEC Controls Pvt. Ltd.
What significant trends should we anticipate in the three-phase din rail electric energy meter market over the forecast period?
Major companies operating in the three-phase DIN rail electric energy meter market are focused on developing technologically advanced products, such as ethernet-enabled DIN rail power meters, to allow for real-time remote monitoring, control, and data analysis over a network. An ethernet-enabled DIN rail power meter is a device that measures electrical parameters such as voltage, current, and energy consumption and connects to a network via Ethernet for remote monitoring and management. For instance, in February 2022, Veris, a US-based energy management solutions provider, launched the E71 Series of DIN rail power meters. The E71 Series of DIN rail power meters stands out for its combination of performance and affordability in a compact design, which is ideal for energy monitoring, multi-tenant metering, and commercial submetering. Prioritizing ease of use, it offers open communication with native support for BACnet/IP, Modbus TCP/IP, and SNMP across all models. The meter facilitates seamless communication through Modbus, BACnet, or Ethernet while maintaining accurate onboard logging data for up to three years. Its dual RJ45 Ethernet ports enable simple Daisy Chain installations, and it features native IPv6 support and network auto-detection. Additionally, the DIN-mounted form factor is compatible with LVCTs and Rogowski coils.
Which regional trends are influencing the three-phase din rail electric energy meter market, and which area dominates the industry?
North America was the largest region in the three-phase DIN rail electric energy meter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the three-phase din rail electric energy meter marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Three-phase DIN Rail Electric Energy Meter Market Report 2025 Offer?
The three-phase din rail electric energy meter market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A three-phase DIN rail electric energy meter is a device used to measure and monitor electrical energy consumption in a three-phase power system. It is designed for easy installation on a DIN rail, a standardized metal rail widely used for mounting industrial control equipment in switchboards and electrical enclosures. A three-phase DIN rail electric energy meter is commonly used in energy auditing, energy management systems, and for monitoring consumption in industrial plants and large buildings.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19222
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
