According to IMARC Group’s latest report, titled “Prepaid Electricity Metering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global prepaid electricity metering market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.1% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Prepaid electricity metering is an electromechanical meter that enables the user to pay for electricity in advance. The meter needs to be recharged before utilizing energy, allowing the consumer to get a set amount of energy. It works on the line of mobile phone or DTH recharge service in which the electricity is automatically cut off once the energy is consumed. Nowadays, prepaid electricity metering has gained traction as it offers enhanced security and control, providing the option to keep track of the electricity consumed.
Market Trends and Drivers:
The global prepaid electricity metering market is primarily driven by the growing need for efficient utilization of electricity. This has also resulted in the shift from conventional meters to prepaid meters across residential and commercial sectors. Prepaid electricity metering also reduces the gap between the power supply cost and the revenue realized by ensuring timely payments. Besides this, the rising awareness regarding energy conservation is also fueling the market growth. Furthermore, governments across various countries have mandated the use of prepaid electricity metering systems to reduce manual intervention in metering, billing and collection processes. Moreover, the rising need to minimize losses caused by electricity thefts and unpaid bills are also propelling the demand for prepaid electricity metering across the globe.
Prepaid Electricity Metering Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the prepaid electricity metering market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Accenture Plc
- Aclara Technologies LLC (Hubbell Incorporated)
- Calico Energy Inc.
- Elster Group GmbH (Honeywell International Inc.)
- Exceleron Software Inc
- HCL Technologies Limited
- Infosys Limited
- Itron Inc.
- KAMSTRUP A/S
- Landis+Gyr
- Oracle Corporation
- PayGo Electric
- Siemens AG
- Wipro Limited
Key Market Segmentation:
The report has segmented the prepaid electricity metering market on the basis of type, component, phase, end user and region.
Breakup by Type:
- Thin Meter Based Solutions
- Thick Meter Based Solutions
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Phase:
- Single Phase
- Three Phase
Breakup by End User:
- Commercial
- Industrial
- Residential
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://bit.ly/3lDeN4A
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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According to the latest report by IMARC Group, titled “Premium Denim Jeans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global premium denim jeans market size exhibited moderate growth during 2015-2020.
Looking forward, IMARC Group expects the global premium denim jeans market to grow at a CAGR of around 5% during 2021-2026.
A pair of jeans represent one of the most commonly worn items in an individuals’ closet.
It is classified into different types based on numerous factors, amongst which price acts as a major factor for differentiating premium denim jeans from its affordable counterparts.
Premium denim jeans enhance the overall aesthetic appeal of an individual, owing to which its sales are boosting across the globe.As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
These observations will be integrated into the report.Request for a free sample copy of this report: https://www.imarcgroup.com/premium-denim-jeans-market/requestsampleMarket Trends:Rapid urbanization, in confluence with inflating disposable income, represents one of the significant factors bolstering the global premium denim jeans market growth.
According to IMARC Group’s latest report, titled “Body Scrub Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global body scrub market is expected to grow at a CAGR of 5.2% during 2021-2026.
A body scrub is a skincare product that is utilized for removing dead skin cells through the process of exfoliation.
Also known as a body exfoliant, its usage is associated with softening and smoothening the skin and reducing various dermatological conditions, such as acne, blemishes, pigmentation and signs of aging.
It utilizes numerous aromatic massaging oils and ingredients, including cocoa butter, coconut oil, almond and apricot, for its formulation that provide the skincare product with additional nourishment.As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
The widespread preference for personal grooming and the growing awareness regarding the benefits of skincare routines, along with the rising focus on maintaining a youthful appearance, have boosted the uptake of body scrubs across the globe.
Along with this, the inflating disposable incomes of the masses and their shifting lifestyle preferences are also providing a thrust to the market growth.
According to IMARC Group’s latest report, titled “Array Instruments Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global array instruments market to exhibit strong growth during the next five years.
They are utilized in laboratories that quantitatively and simultaneously monitor the expression of multiple genes.
The high-throughput approach of array technology helps to locate mutations and chromosomal expressions in a genotype, and measure and detect gene expressions at the messenger RNA (mRNA) or the protein level.
The global array instruments market share is expected to register a CAGR of around 9% during 2025, according to a new report published by IMARC Group.Request for a free sample copy of this report: https://www.imarcgroup.com/array-instruments-market/requestsampleMarket TrendsThe primary factors driving the array instruments market are the emerging need for diagnosing cancer, post-natal and different metabolic diseases.
These instruments assist in hybridization, coupling biomolecules to a platform, sample preparation for detection, data analysis, and scanning, which have increased their demand in recent times.
Furthermore, governments across the globe have undertaken several initiatives to improve the healthcare infrastructure and increase investments in research and development (R) activities, which in turn have boosted the demand for array instruments.
