Metering ICs Market Market, Metering ICs Market Industry, Metering ICs Market Market Revenue, Metering ICs Market Market Growth

Metering ICs: Introduction

  • Metering ICs are commonly deployed in energy meters, and helps the energy measuring meter to calculate the amount of energy consumed
  • Metering ICs consist of a customer-programmable MPU core, RTC with battery backup, and a high-performance analog sensor interface combined with a dedicated 32-bit computation engine to handle all sample rate signal processing
  • In recent years, the energy measurement integrated circuit industry has experienced significant expansion in meter products, owing to rising customer demand for an accurate, reliable, and cost effective product
  • Additionally, government regulations, competitive forces, and technology innovations are fueling the extraordinary changes in the market
  • Metering ICs are used in industrial smart appliances, smart homes, power monitors for servers, wireless communication, advanced billing schemes, and low power design.
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Rise in Demand for Metering ICs for Use in Smart Appliances

  • Metering ICs are largely used in smart appliances. In smart appliances, high-performance energy metering ICs are used for single-phase two-wire, single-phase three-wire, or electricity meters with anti-tampering mode.
  • Smart meters not only measure electricity, gas, water, or heat consumption, but also ensures communications from the meter to data concentrator, or cloud. Real-time reporting of energy consumption is directly reported to the consumer, which enables the consumer to reduce wastage of electricity and lower the expenses.
  • Moreover, metering ICs are significantly used in smart appliances due to the emergence of renewable energy sources, increased regulations, and demand for customized services to manage assets cost-effectively and provide exceptional customer service

Key Players Operating in the Global Metering ICs Market

The global metering ICs market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansions to meet the rising demand for metering ICs. Moreover, manufacturers are signing partnerships for the development of innovative products.
Key players operating in the global metering ICs market include:
  • Analog Devices, Inc.
  • Cirrus Logic, Inc.
  • Microchip Technology Inc.
  • NXP Semiconductors
  • Renesas Electronics Corporation
  • Silergy Corp
  • STMicroelectronics
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