Three-Phase DIN Rail Electric Energy Meter Market Report 2024

This Three-Phase DIN Rail Electric Energy Meter market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The three-phase din rail electric energy meter market size has grown exponentially in recent years. It will grow from $77.03 billion in 2023 to $94.5 billion in 2024 at a compound annual growth rate (CAGR) of 22.7%. The growth during the historical period can be attributed to the surge in industrialization, increasing urbanization, the growing adoption of smart grid technologies, the rising prevalence of real-time pricing models, and the implementation of measures to prevent electricity theft.

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 $216.02 billion in 2028 at a compound annual growth rate (CAGR) of 23%. The anticipated growth during the forecast period can be linked to the rising adoption of smart grid technologies, growing investments in renewable energy infrastructure, escalating energy costs, the expanding use of electric vehicles, and increased investments in manufacturing facilities. Key trends expected in this period include technological advancements, the integration of smart meters, enhanced data analytics, prepayment solutions, and load management technologies.

The growing industrialization is projected to drive the expansion of the three-phase DIN rail electric energy meter market in the future. Industrialization refers to the transition of an economy from primarily rural and manual production to one that emphasizes large-scale manufacturing, mechanization, and advanced technology. This trend is fueled by globalization, urbanization, and increasing consumer demand for goods. Three-phase DIN rail electric energy meters support industrialization by ensuring accurate energy monitoring and promoting efficient electricity usage in manufacturing processes. For example, a report released by the Federal Reserve Board in April 2024 indicated that industrial production increased by 0.4% in March, with manufacturing output rising by 0.5%, partly due to a 3.1% boost in motor vehicles and parts. When excluding motor vehicles and parts, factory output still grew by 0.3%. Hence, the rise in industrialization is propelling the growth of the three-phase DIN rail electric energy meter market.

Key companies in the three-phase DIN rail electric energy meter market are concentrating on the development of technologically advanced products, such as ethernet-enabled DIN rail power meters, which facilitate real-time remote monitoring, control, and data analysis over a network. An ethernet-enabled DIN rail power meter is designed to measure electrical parameters such as voltage, current, and energy consumption while connecting to a network via Ethernet for remote management. For instance, in February 2022, Veris, a US-based provider of energy management solutions, introduced the E71 Series of DIN rail power meters. This series is notable for its combination of performance and affordability within a compact design, making it suitable for energy monitoring, multi-tenant metering, and commercial submetering. Designed for user-friendliness, it offers open communication with built-in support for BACnet/IP, Modbus TCP/IP, and SNMP across all models. The meter allows seamless communication via Modbus, BACnet, or Ethernet while accurately logging data for up to three years. Its dual RJ45 Ethernet ports enable easy Daisy Chain installations, and it includes native IPv6 support and network auto-detection. Furthermore, its DIN-mounted form factor is compatible with LVCTs and Rogowski coils.

In June 2024, Ancala, a UK-based investment management company, acquired Solandeo for an undisclosed amount. This acquisition is expected to provide new capital and funding stability to the business, allowing it to address the rapidly increasing demand. Solandeo is a German provider of three-phase DIN rail electric energy meters.

Major companies operating in the three-phase din rail electric energy meter market 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.

North America was the largest region in the three-phase DIN rail electric energy meter market in 2023. 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.

The countries covered in the three-phase din rail electric energy meter marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A three-phase DIN rail electric energy meter is a device utilized for measuring and monitoring electrical energy consumption within a three-phase power system. It is specifically designed for straightforward installation on a DIN rail, which is a standardized metal rail commonly used for mounting industrial control equipment in switchboards and electrical enclosures. These meters are typically employed in energy auditing, energy management systems, and for tracking consumption in industrial facilities and large buildings.

The primary types of three-phase DIN rail electric energy meters are stationary and mobile. Stationary meters are intended for fixed installation in commercial and industrial environments. They are distributed through both direct sales and distributors for a range of applications, including commercial, industrial, and residential use.

The three-phase DIN rail electric energy meter market research report is one of a series of new reports that provides three-phase DIN rail electric energy meter market statistics, including three-phase DIN rail electric energy meter industry global market size, regional shares, competitors with a three-phase DIN rail electric energy meter market share, detailed three-phase DIN rail electric energy meter market segments, market trends and opportunities, and any further data you may need to thrive in the three-phase DIN rail electric energy meter industry. This three-phase DIN rail electric energy meter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The three-phase DIN rail electric energy meter market consists of sales of multifunction power analyzers, current transformers, energy data loggers, power factor correction units and surge protection devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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