Digital Meter Market with Manufacturing Process and CAGR Forecast by 2030 – Blackswan Real Estate

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Digital Panel Meters Market: By Product Type (Totalizer, Multi-Input Indicators & Scanner, Temperature & Process Panel Meters, etc.) and By Application (Display Current, Display Voltage, Temperature display and others)- Global Industry Sizing, Growth, Trend, Opportunity and Forecast (2021-2027)

The Digital Meters Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by key market players operating in the global market. It involves an in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will offer one of the most comprehensive analyzes of the market, capturing all aspects of the Digital Meter market.

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Digital Meter Industry Outlook

Digital Meter Market was valued at USD 2.78 Billion in 2020, and is projected to reach USD 4.12 Billion by 2027, registering a CAGR of 6.4% over the forecast period (2021-2027). Digital panel meters are digital displays used to get signal output data in digital numbers. These meters receive input signals in many forms such as DC Power, AC Current, AC Voltage, DC Power, DC Voltage, Resistance. Digital panel meters are widely used in electronic instruments, especially in consumer electronics. Many specifications are considered when selecting a digital panel indicator, such as size, color of digits to display, and number of digits. Digital meters are preferred over analog meters because they display numbers directly on the screen. In addition, digital meters are convenient and easy to use, and the data displayed is more accurate than analog meters. Market players are focused on offering customized meters to display and measure voltage, pressure, time, current, and vibration.

Digital Meter Market Dynamics:

The digital meter market is mainly driven by the growing demand from the electronics industry, which is expected to fuel the growth of the global market over the forecast period. The growing demand for built-in overload safety in meters to project devices from electrical loads is. LEDs or LCDs are mostly preferred in the consumer electronics industry for displaying numbers instead of gauges and hands with analog meters. In addition, these meters calculate energy consumption with absolute precision. For example, the healthcare, manufacturing and pharmaceutical sectors are adopting digital meters; this is expected to accelerate the global digital meter market in the coming years.

However, digital meters are more expensive than analog meters and more complicated to repair. These are some key factors that are expected to hinder the growth of the market during the forecast period. Therefore, more cost-sensitive SMEs usually opt for analog meters. Additionally, the COVID-19 pandemic has significantly affected the global digital meter industry. While the market saw positive growth in the first months of 2020 and later, there was a sharp drop in sales and supply due to quarantines and factory closures in the second quarter (Q2) , insufficient parts supply is affecting the global industry over a long period of time. period.

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Digital Meter Market: Report Scope

The report describes the study of Digital Meters market segmented on the basis of product type and application.

On the basis of product type, the digital meter market is segmented into

  • Totalizer
  • Multi-input indicators and scanner
  • Temperature and process panel indicators
  • Others

On the basis of application, the digital meter market is segmented into

  • Show Current
  • Display voltage
  • Display temperature
  • Others

Digital Meter Market: Regional Outlook

The global digital signage market is geographically segmented into North America, Europe, Asia-Pacific, Middle East and Africa. In 2020, North America is expected to hold the largest share of the global digital meter market and maintain its dominance over the forecast period. This growth is attributed to the presence of numerous end-user industries, well-established infrastructure, and developed countries such as Canada and the United States which are a few major factors propelling the growth of the market in the region.

Europe is expected to project the highest CAGR growth rate over the forecast period. This is due to the presence of numerous consumer electronics companies, rising demand for electronic devices, and increasing demand for built-in overload protection in electronic devices, which are a few factors driving the growth of the market in the region.

Asia-Pacific countries such as India, Japan, and China are an emerging market and are expected to see significant growth in the coming years as companies target digital meters in these markets to meet consumer needs. .

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Competitive landscape –

The leading manufacturers of digital panel meters in the global market are Siemens AG, Red Lion Controls, The Danaher Corporation, Murata Power Solutions, Inc. and OMRON Corporation.

Other digital panel meter manufacturers include Laurel Electronics, PR Electronics, Autonics USA, Inc., Precision Digital Corporation, Phoenix Contact, Zhejiang CHINT Instrument & Meters Co., Ltd., Meco Instrument s Pvt. Ltd., Carlo Gavazzi Automation SpA, Lascar Electronics, Galco Industrial Electronics and Taik Electric.

  • In August 2018, Blue Line Innovations, a leader in energy management, unveiled its next innovation, the Energy Cloud platform for the residential and light commercial market.

The Digital Meters Market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of industry/regional outlook with market players in the respective segment and region/country. The information concluded in the report includes contributions from industry participants and industry experts across the value chain.

The Digital Counters Market report covers comprehensive analysis on:

  • Market Segmentation and Regional Analysis
  • 10 year market size
  • Price analysis
  • Supply and demand analysis
  • Product life cycle analysis
  • Porter’s Five Forces and Value Chain Analysis
  • Analysis of developed and emerging economies
  • PEST analysis
  • Factor analysis of the market and forecasts
  • Opportunities, risks and market trends
  • Conclusion and recommendation
  • Regulatory landscape
  • Patent Analysis
  • Competition landscape
  • More than 15 company profiles

Regional Analysis of Digital Meters Market Includes:

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA

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Digital Meter Market: Target Audience

  • Digital Meter Manufacturers
  • manufacturers of electronic devices and semiconductors
  • International distributors and exporters
  • Trade publications and magazines
  • Government authorities
  • Industry associations and organizations
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