Asia-Pacific smart electric market is predicted to grow approximately at a CAGR of 11.2% during the forecast period. The major economies contributing to the Asia-Pacific smart electric meter market includes China, Japan, India and Rest of Asia-Pacific. The smart electricity metering market is rapidly advancing in APAC. The low per-capita electricity consumption rates in many of the emerging economies such as China, India and Japan are making large-scale deployments costly, however, cost related issues will resolve during the forecast period. Additionally, in some countries such as India and Japan, electricity theft rates are above average. This can be best addressed with the growing adoption of smart metering to tackle such problems. Along with improved reliability, several local firms in the market are involving in partnerships with international and domestic metering vendors, further offering growth potential for smart electricity metering market. 

Smart grid activity is picking up the regional smart electricity meter market. These activities are led by the developed economy including Singapore, which got planning for full smart meter deployment. Pilot projects are also established in Thailand and Malaysia, with additional projects under process in Indonesia and the Philippines. Apart from the increased activity, domestic firms and international smart metering vendors are positioning themselves in the Asian smart electricity grid market. In addition to smart metering, there are growing opportunities for distribution automation vendors and vendors for projects such as smart street lighting.

Further, in the Asia-Pacific smart electric meter market, there are various initiatives undertaken. As per initiative started by KSGI, smart meters were introduced to change the limited functionality of Korea’s current electricity utility communication systems, particularly the inaccurate readings of electric meters, along with Korea’s power losses due to inefficiencies. The Korea Electric Power Company (KEPCO) is focusing on installing smart meters for residential customers, which accounts for 14% of national energy consumption.

Research Methodology

The market study of the Asia-Pacific Smart Electric Meter market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for smart electric meter manufacturers, distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Smart Electric Meter Market Research and Analysis by Communication Technology
2. Asia-Pacific Smart Electric Meter Market Research and Analysis by Phase
3. Asia-Pacific Smart Electric Meter Market Research and Analysis by Applications

The Report Covers

• Comprehensive research methodology of the Asia-Pacific Smart Electric Meter market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific Smart Electric Meter market.
• Insights about market determinants which are stimulating the Asia-Pacific Smart Electric Meter market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.