As per Intent Market Research, the Energy Measurement IC Market was valued at USD 2.1 billion in 2023 and will surpass USD 4.5 billion by 2030; growing at a CAGR of 11.4% during 2024 - 2030.
The global energy measurement IC market is driven by the growing need for efficient energy monitoring, especially with the rising demand for energy conservation and sustainability. These integrated circuits play a crucial role in industries and applications that require accurate and real-time monitoring of power usage, voltage, current, and energy consumption. Energy measurement ICs are widely used in power meters, smart grid applications, industrial automation, and residential energy management systems. With the push toward more energy-efficient solutions across sectors, the market for energy measurement ICs continues to expand, supported by technological advancements and regulatory requirements for energy monitoring and optimization.
Power Meter ICs Segment is Largest Owing to Widespread Application in Utilities
The Power Meter ICs segment stands as the largest within the energy measurement IC market due to its critical role in energy monitoring across various applications, particularly in power generation, distribution, and utility management. These ICs are used to measure electrical power consumption and monitor the quality of power in systems ranging from residential to industrial infrastructure. As utilities and industries increasingly focus on improving efficiency and reducing energy costs, power meter ICs are essential in offering accurate readings for energy consumption, power factor, and voltage stability. Their ability to support advanced communication protocols, such as IoT connectivity, is a significant advantage that drives their wide-scale adoption.
In addition to their primary role in utility-scale applications, power meter ICs are integral in smart grid technologies, where they enable real-time monitoring and provide valuable data for grid operators to balance energy supply and demand. The growing global focus on energy efficiency and sustainability is further boosting the demand for power meter ICs. As industries and households strive to reduce energy consumption, these ICs are becoming a crucial component in both the energy monitoring infrastructure and smart grid systems, enhancing their importance in the market.
Energy Management Systems Application is Fastest Growing Owing to Rising Energy Efficiency Demands
Energy Management Systems (EMS) is the fastest-growing application in the energy measurement IC market, driven by the increasing adoption of energy-efficient solutions across industries and residential buildings. EMS involves the monitoring, controlling, and optimizing of energy use, and energy measurement ICs are key to providing real-time data on power consumption. These systems allow businesses and homeowners to better understand their energy usage patterns, identify areas for improvement, and implement strategies to reduce overall consumption, leading to significant cost savings and environmental benefits. As energy efficiency becomes a top priority globally, the demand for advanced EMS solutions, which rely heavily on accurate energy data, continues to rise.
The integration of energy measurement ICs into EMS is vital for businesses striving to meet sustainability goals and comply with government regulations on energy usage. The real-time data provided by these ICs helps organizations optimize their energy usage and ensure that operations are running as efficiently as possible. With the growing trend of smart homes, buildings, and industrial facilities adopting EMS, the demand for energy measurement ICs in this sector is expected to continue expanding rapidly.
Industrial Manufacturing End-User Industry is Largest Due to Significant Energy Consumption
The industrial manufacturing sector is the largest end-user industry for energy measurement ICs, owing to its massive energy consumption across various processes. Industrial manufacturing includes sectors such as automotive, chemical processing, food and beverage, and textiles, all of which require efficient energy use to remain competitive in today’s energy-conscious world. Energy measurement ICs play an essential role in these industries by offering precise monitoring of energy usage, which allows manufacturers to optimize production processes, improve energy efficiency, and reduce operational costs. The need to meet stringent energy consumption regulations and sustainability targets further boosts the demand for energy-efficient solutions in industrial manufacturing.
As industries strive for higher productivity and energy savings, the implementation of energy measurement ICs enables manufacturers to reduce waste, minimize downtime, and improve equipment reliability. Additionally, these ICs provide valuable insights that help businesses identify inefficiencies, optimize resource allocation, and lower overall operational costs. The increasing focus on Industry 4.0 and the automation of manufacturing processes is expected to drive further demand for energy measurement ICs in industrial applications.
Digital Energy Measurement ICs Technology is Fastest Growing Due to Advanced Features
The digital energy measurement ICs segment is the fastest-growing technology in the energy measurement IC market, driven by their ability to offer more accurate, reliable, and flexible energy measurements compared to analog counterparts. Digital ICs enable more precise data acquisition, enhanced signal processing, and better integration with digital systems and communication protocols, making them ideal for modern energy management systems and smart grid applications. These ICs can also be easily integrated with cloud platforms and IoT networks, enabling remote monitoring, control, and data analysis, which is crucial for modern applications.
The transition toward digital solutions is accelerating as industries and consumers increasingly demand more advanced energy monitoring systems. Digital energy measurement ICs are particularly valued for their ability to provide real-time insights, facilitate predictive maintenance, and ensure compliance with energy regulations. As the technology continues to evolve, digital ICs are expected to lead the market in providing enhanced features such as lower power consumption, increased accuracy, and better integration with advanced data analytics platforms, thus further driving their adoption.
Asia-Pacific Region is Fastest Growing Owing to Industrial Growth and Smart Grid Adoption
The Asia-Pacific (APAC) region is the fastest-growing market for energy measurement ICs, fueled by rapid industrialization, urbanization, and the increasing adoption of smart grid technologies. Countries like China, India, and Japan are heavily investing in smart grid infrastructure, renewable energy projects, and energy-efficient technologies, which in turn drives the demand for energy measurement ICs. The growing need for energy management solutions in industrial manufacturing and residential applications further contributes to the growth in this region.
Additionally, as APAC nations continue to experience economic expansion, there is an increasing focus on energy conservation and sustainability. The implementation of energy-efficient solutions in both urban and rural areas is driving demand for advanced energy measurement ICs. The region's rapidly expanding industrial sector, coupled with its commitment to achieving energy efficiency goals, makes APAC a key player in the global energy measurement IC market.
Leading Companies and Competitive Landscape
The energy measurement IC market is highly competitive, with several key players leading the industry in innovation, market share, and technological advancements. Companies such as Texas Instruments, Analog Devices, Maxim Integrated, NXP Semiconductors, and STMicroelectronics are major players in the energy measurement IC market, offering a range of products that cater to various industrial, commercial, and residential applications. These companies are focusing on enhancing their product portfolios through continuous research and development, collaborations, and strategic acquisitions.
The market is characterized by a mix of established players and emerging companies offering differentiated solutions, especially in digital energy measurement ICs. As the demand for smarter, more energy-efficient solutions increases, these companies are investing in next-generation technologies, such as cloud-connected meters and IoT-enabled systems. The competitive landscape also includes smaller players who focus on niche applications or regions, adding to the overall diversity and competitiveness of the market
Recent Developments:
- In late 2023, Texas Instruments introduced a new range of energy measurement ICs designed for smart grid and industrial automation applications, aimed at improving real-time energy monitoring.
- In 2023, Analog Devices completed its acquisition of Maxim Integrated, strengthening its position in the energy management and measurement IC space by expanding its product portfolio.
- In Q4 2023, Infineon Technologies launched a highly efficient power meter IC designed for smart home applications, offering accurate energy monitoring and enhanced power consumption analytics.
- STMicroelectronics introduced a new current sensing IC in early 2024, tailored for automotive applications, providing energy measurement solutions for electric vehicles and battery management systems.
- In 2023, Microchip Technology received international certification for its latest energy meter ICs, which meet new global standards for energy efficiency in consumer electronics and industrial applications.
List of Leading Companies:
- Texas Instruments
- Analog Devices
- Maxim Integrated
- STMicroelectronics
- NXP Semiconductors
- ON Semiconductor
- Infineon Technologies
- Microchip Technology
- Renesas Electronics
- Cirrus Logic
- Broadcom Inc.
- MediaTek Inc.
- Intersil (a subsidiary of Analog Devices)
- Linear Technology (acquired by Analog Devices)
- Silicon Laboratories
Report Scope:
Report Features |
Description |
Market Size (2023) |
USD 2.1Billion |
Forecasted Value (2030) |
USD 4.5 Billion |
CAGR (2024 – 2030) |
11.4% |
Base Year for Estimation |
2023 |
Historic Year |
2022 |
Forecast Period |
2024 – 2030 |
Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
Segments Covered |
Energy Measurement IC Market By Product Type (Power Meter ICs, Energy Meter ICs, Current Sense ICs, Voltage Measurement ICs), By Application (Residential, Commercial, Industrial, Automotive, Energy Management Systems), By End-User Industry (Consumer Electronics, Power Generation & Distribution, Industrial Manufacturing, Automotive, Smart Grid), By Technology (Analog Energy Measurement ICs, Digital Energy Measurement ICs, Hybrid Energy Measurement ICs) |
Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
Major Companies |
Texas Instruments, Analog Devices, Maxim Integrated, STMicroelectronics, NXP Semiconductors, ON Semiconductor, Infineon Technologies, Microchip Technology, Renesas Electronics, Cirrus Logic, Broadcom Inc., MediaTek Inc., Intersil (a subsidiary of Analog Devices), Linear Technology (acquired by Analog Devices), Silicon Laboratories |
Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
1. Introduction |
1.1. Market Definition |
1.2. Scope of the Study |
1.3. Research Assumptions |
1.4. Study Limitations |
2. Research Methodology |
2.1. Research Approach |
2.1.1. Top-Down Method |
2.1.2. Bottom-Up Method |
2.1.3. Factor Impact Analysis |
2.2. Insights & Data Collection Process |
2.2.1. Secondary Research |
2.2.2. Primary Research |
2.3. Data Mining Process |
2.3.1. Data Analysis |
2.3.2. Data Validation and Revalidation |
2.3.3. Data Triangulation |
3. Executive Summary |
3.1. Major Markets & Segments |
3.2. Highest Growing Regions and Respective Countries |
3.3. Impact of Growth Drivers & Inhibitors |
3.4. Regulatory Overview by Country |
4. Energy Measurement IC Market, by Product Type (Market Size & Forecast: USD Million, 2022 – 2030) |
4.1. Power Meter ICs |
4.2. Energy Meter ICs |
4.3. Current Sense ICs |
4.4. Voltage Measurement ICs |
4.5. Others |
5. Energy Measurement IC Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030) |
5.1. Residential |
5.2. Commercial |
5.3. Industrial |
5.4. Automotive |
5.5. Energy Management Systems |
6. Energy Measurement IC Market, by End-User Industry (Market Size & Forecast: USD Million, 2022 – 2030) |
6.1. Consumer Electronics |
6.2. Power Generation & Distribution |
6.3. Industrial Manufacturing |
6.4. Automotive |
6.5. Smart Grid |
7. Energy Measurement IC Market, by Technology (Market Size & Forecast: USD Million, 2022 – 2030) |
7.1. Analog Energy Measurement ICs |
7.2. Digital Energy Measurement ICs |
7.3. Hybrid Energy Measurement ICs |
8. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030) |
8.1. Regional Overview |
8.2. North America |
8.2.1. Regional Trends & Growth Drivers |
8.2.2. Barriers & Challenges |
8.2.3. Opportunities |
8.2.4. Factor Impact Analysis |
8.2.5. Technology Trends |
8.2.6. North America Energy Measurement IC Market, by Product Type |
8.2.7. North America Energy Measurement IC Market, by Application |
8.2.8. North America Energy Measurement IC Market, by End-User Industry |
8.2.9. North America Energy Measurement IC Market, by |
8.2.10. By Country |
8.2.10.1. US |
8.2.10.1.1. US Energy Measurement IC Market, by Product Type |
8.2.10.1.2. US Energy Measurement IC Market, by Application |
8.2.10.1.3. US Energy Measurement IC Market, by End-User Industry |
8.2.10.1.4. US Energy Measurement IC Market, by |
8.2.10.2. Canada |
8.2.10.3. Mexico |
*Similar segmentation will be provided for each region and country |
8.3. Europe |
8.4. Asia-Pacific |
8.5. Latin America |
8.6. Middle East & Africa |
9. Competitive Landscape |
9.1. Overview of the Key Players |
9.2. Competitive Ecosystem |
9.2.1. Level of Fragmentation |
9.2.2. Market Consolidation |
9.2.3. Product Innovation |
9.3. Company Share Analysis |
9.4. Company Benchmarking Matrix |
9.4.1. Strategic Overview |
9.4.2. Product Innovations |
9.5. Start-up Ecosystem |
9.6. Strategic Competitive Insights/ Customer Imperatives |
9.7. ESG Matrix/ Sustainability Matrix |
9.8. Manufacturing Network |
9.8.1. Locations |
9.8.2. Supply Chain and Logistics |
9.8.3. Product Flexibility/Customization |
9.8.4. Digital Transformation and Connectivity |
9.8.5. Environmental and Regulatory Compliance |
9.9. Technology Readiness Level Matrix |
9.10. Technology Maturity Curve |
9.11. Buying Criteria |
10. Company Profiles |
10.1. Texas Instruments |
10.1.1. Company Overview |
10.1.2. Company Financials |
10.1.3. Product/Service Portfolio |
10.1.4. Recent Developments |
10.1.5. IMR Analysis |
*Similar information will be provided for other companies |
10.2. Analog Devices |
10.3. Maxim Integrated |
10.4. STMicroelectronics |
10.5. NXP Semiconductors |
10.6. ON Semiconductor |
10.7. Infineon Technologies |
10.8. Microchip Technology |
10.9. Renesas Electronics |
10.10. Cirrus Logic |
10.11. Broadcom Inc. |
10.12. MediaTek Inc. |
10.13. Intersil (a subsidiary of Analog Devices) |
10.14. Linear Technology (acquired by Analog Devices) |
10.15. Silicon Laboratories |
11. Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Energy Measurement IC Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Energy Measurement IC Market. The research methodoloagy encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Energy Measurement IC Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.
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