The Asia Pacific Smart Meter Market would witness market growth of 11.6% CAGR during the forecast period (2020-2026). Analysis and energy predicting capabilities are offered by intelligent electric meters. These capabilities are unavailable in traditional metering systems. This transference capabilities and remote information storage of such metering systems are expected to eliminate future interfering and theft of electricity employing meters.
The major development predictions can be credited to the significant promotion of effective transmission facilities and the significant promotion of green energy. Integrated presence across the value chain, particularly for constant information sharing based on tariff rates and usage, is expected to a competitive benefit. Rising awareness among consumers about the advantages of these devices is anticipated to positively impact the growth of smart electricity meters over the forecast period.
Recently, numerous components have been incorporated to create smart meters more striking, robust, and affordable. The various connectivity innovations used by the smart meters are further boosting the market growth. The significant advantages offered by the smart meter include constant tracking of the electricity, spotting any leakages in the supply, spotting any theft in the supply, and gas & water flow are encouraging the market growth. Besides, the smart meters assist in the eradication of the manual monthly meter reading and maximize the profit with existing resources.
The smart meter market has been notably influenced by the COVID-19 pandemic. At the beginning of the pandemic, the primary impact faced by several smart meter manufacturers was supply issues, due to its halted production. Because of the lockdown guidelines, non-essential sectors, and the demand for the residential, commercial, and industrial utilize the smart meters have been reduced. As a result, the manufacturing and supply of smart meters are coming back to normal levels. Numerous manufacturers have begun observing recovery in sales.
Based on Product, the market is segmented into Smart Electric Meters, Smart Water Meters, and Smart Gas Meters. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Smart Meter Market in Asia Pacific is expected to register a CAGR of 11.6% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, Siemens AG, General Electric (GE) Co., Honeywell International, Inc., Xylem, Inc. (Sensus), Badger Meter, Inc., Landis+Gyr Group AG, Itron, Inc., Neptune Technology Group, Inc. (Roper Technologies, Inc.) and Holley Technology Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Smart Electric Meters
- Smart Water Meters
- Smart Gas Meters
By End-User
- Residential
- Commercial
- Industrial
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Companies Profiled
- Schneider Electric SE
- Siemens AG
- General Electric (GE) Co.
- Honeywell International, Inc.
- Xylem, Inc. (Sensus)
- Badger Meter, Inc.
- Landis+Gyr Group AG
- Itron, Inc.
- Neptune Technology Group, Inc. (Roper Technologies, Inc.)
- Holley Technology Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Meter Market, by Product
1.4.2 Asia Pacific Smart Meter Market, by End User
1.4.3 Asia Pacific Smart Meter Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Feb – 2020, Oct) Leading Players
Chapter 4. Asia Pacific Smart Meter Market by Product
4.1 Asia Pacific Smart Meter Smart Electric Meters Market by Country
4.2 Asia Pacific Smart Meter Smart Water Meters Market by Country
4.3 Asia Pacific Smart Meter Smart Gas Meters Market by Country
Chapter 5. Asia Pacific Smart Meter Market by End Use
5.1 Asia Pacific Residential Smart Meter Market by Country
5.2 Asia Pacific Commercial Smart Meter Market by Country
5.3 Asia Pacific Industrial Smart Meter Market by Country
Chapter 6. Asia Pacific Smart Meter Market by Country
6.1 China Smart Meter Market
6.1.1 China Smart Meter Market by Product
6.1.2 China Smart Meter Market by End Use
6.2 Japan Smart Meter Market
6.2.1 Japan Smart Meter Market by Product
6.2.2 Japan Smart Meter Market by End Use
6.3 India Smart Meter Market
6.3.1 India Smart Meter Market by Product
6.3.2 India Smart Meter Market by End Use
6.4 South Korea Smart Meter Market
6.4.1 South Korea Smart Meter Market by Product
6.4.2 South Korea Smart Meter Market by End Use
6.5 Singapore Smart Meter Market
6.5.1 Singapore Smart Meter Market by Product
6.5.2 Singapore Smart Meter Market by End Use
6.6 Malaysia Smart Meter Market
6.6.1 Malaysia Smart Meter Market by Product
6.6.2 Malaysia Smart Meter Market by End Use
6.7 Rest of Asia Pacific Smart Meter Market
6.7.1 Rest of Asia Pacific Smart Meter Market by Product
6.7.2 Rest of Asia Pacific Smart Meter Market by End Use
Chapter 7. Company Profiles
7.1 Schneider Electric SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental And Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.1.5.3 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Siemens AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 General Electric (GE) Co.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.6 SWOT Analysis
7.4 Honeywell International, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.6 SWOT Analysis
7.5 Xylem, Inc. (Sensus)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Geographical Expansions:
7.6 Badger Meter, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Acquisition and Mergers:
7.6.5.2 Product Launches and Product Expansions:
7.7 Landis+Gyr Group AG
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research and Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Product Launches and Product Expansions:
7.8 Itron, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.5.2 Acquisition and Mergers:
7.8.5.3 Product Launches and Product Expansions:
7.9 Neptune Technology Group, Inc. (Roper Technologies, Inc.)
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.10. Holley Technology Ltd.
7.10.1 Company Overview
TABLE 1 Asia Pacific Smart Meter Market, 2016 - 2019, USD Million
TABLE 2 Asia Pacific Smart Meter Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Meter Market
TABLE 4 Product Launches And Product Expansions– Smart Meter Market
TABLE 5 Geographical Expansions – Smart Meter Market
TABLE 6 Acquisition and Mergers– Smart Meter Market
TABLE 7 Asia Pacific Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 8 Asia Pacific Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 9 Asia Pacific Smart Meter Smart Electric Meters Market by Country, 2016 - 2019, USD Million
TABLE 10 Asia Pacific Smart Meter Smart Electric Meters Market by Country, 2020 - 2026, USD Million
TABLE 11 Asia Pacific Smart Meter Smart Water Meters Market by Country, 2016 - 2019, USD Million
TABLE 12 Asia Pacific Smart Meter Smart Water Meters Market by Country, 2020 - 2026, USD Million
TABLE 13 Asia Pacific Smart Meter Smart Gas Meters Market by Country, 2016 - 2019, USD Million
TABLE 14 Asia Pacific Smart Meter Smart Gas Meters Market by Country, 2020 - 2026, USD Million
TABLE 15 Asia Pacific Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 16 Asia Pacific Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 17 Asia Pacific Residential Smart Meter Market by Country, 2016 - 2019, USD Million
TABLE 18 Asia Pacific Residential Smart Meter Market by Country, 2020 - 2026, USD Million
TABLE 19 Asia Pacific Commercial Smart Meter Market by Country, 2016 - 2019, USD Million
TABLE 20 Asia Pacific Commercial Smart Meter Market by Country, 2020 - 2026, USD Million
TABLE 21 Asia Pacific Industrial Smart Meter Market by Country, 2016 - 2019, USD Million
TABLE 22 Asia Pacific Industrial Smart Meter Market by Country, 2020 - 2026, USD Million
TABLE 23 Asia Pacific Smart Meter Market by Country, 2016 - 2019, USD Million
TABLE 24 Asia Pacific Smart Meter Market by Country, 2020 - 2026, USD Million
TABLE 25 China Smart Meter Market, 2016 - 2019, USD Million
TABLE 26 China Smart Meter Market, 2020 - 2026, USD Million
TABLE 27 China Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 28 China Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 29 China Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 30 China Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 31 Japan Smart Meter Market, 2016 - 2019, USD Million
TABLE 32 Japan Smart Meter Market, 2020 - 2026, USD Million
TABLE 33 Japan Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 34 Japan Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 35 Japan Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 36 Japan Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 37 India Smart Meter Market, 2016 - 2019, USD Million
TABLE 38 India Smart Meter Market, 2020 - 2026, USD Million
TABLE 39 India Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 40 India Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 41 India Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 42 India Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 43 South Korea Smart Meter Market, 2016 - 2019, USD Million
TABLE 44 South Korea Smart Meter Market, 2020 - 2026, USD Million
TABLE 45 South Korea Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 46 South Korea Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 47 South Korea Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 48 South Korea Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 49 Singapore Smart Meter Market, 2016 - 2019, USD Million
TABLE 50 Singapore Smart Meter Market, 2020 - 2026, USD Million
TABLE 51 Singapore Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 52 Singapore Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 53 Singapore Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 54 Singapore Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 55 Malaysia Smart Meter Market, 2016 - 2019, USD Million
TABLE 56 Malaysia Smart Meter Market, 2020 - 2026, USD Million
TABLE 57 Malaysia Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 58 Malaysia Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 59 Malaysia Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 60 Malaysia Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 61 Rest of Asia Pacific Smart Meter Market, 2016 - 2019, USD Million
TABLE 62 Rest of Asia Pacific Smart Meter Market, 2020 - 2026, USD Million
TABLE 63 Rest of Asia Pacific Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 64 Rest of Asia Pacific Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 65 Rest of Asia Pacific Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 66 Rest of Asia Pacific Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 67 Key information – Schneider Electric SE
TABLE 68 Key Information – Siemens AG
TABLE 69 Key Information – General Electric (GE) Co.
TABLE 70 Key information – Honeywell International, Inc.
TABLE 71 key information – Xylem, Inc.
TABLE 72 Key Information – Badger Meter, Inc.
TABLE 73 Key Information – Landis+Gyr Group AG
TABLE 74 Key Information – Itron, Inc.
TABLE 75 Key Information – Neptune Technology Group, Inc.
TABLE 76 Key Information – Holley Technology Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Feb – 2020, Dec) Leading Players
FIG 5 Recent strategies and developments: Schneider Electric SE
FIG 6 Swot analysis: Schneider Electric SE
FIG 7 Recent strategies and developments: Siemens AG
FIG 8 Swot analysis: Siemens AG
FIG 9 Swot analysis: General electric (GE) Co.
FIG 10 Swot analysis: Honeywell international, inc.
FIG 11 Recent strategies and developments: Xylem, Inc.
FIG 12 Recent strategies and developments: Badger Meter, Inc.
FIG 13 Recent strategies and developments: Landis+Gyr Group AG
FIG 14 Recent strategies and developments: Itron, Inc.