The Japan smart electric meter market is growing at a CAGR of approximately 11.7% during the forecast period. The key reason for the growth of the market is the increased adoption of electric grids and increasing per capita consumption in the nation. Japan possesses significant growth in the APAC smart electric meter market. According to USITC, Japan’s smart grid technology market in 2016 was approximately $7.5 billion and is expected to increase rapidly over the next five years. The country’s government is proactive towards energy and environment and had established the Energy-Environment Council to develop the policy response for switching away from nuclear power. The council issued a report, which focuses on the need of conservation measures, efficiency measures and supply side measures including the introduction of smart meters as well as electricity tariff systems. 

Further, as an initiative, the Japanese government has set a target for about 80% of the nationwide electricity consumption to be monitored using smart meters by 2020. Also, the government is supporting four Smart City projects, including Yokohama and Toyota projects through its development fund to establish Japan as a leader in smart grid design. The government initiatives to target deployment of smart meters along with smart city projects escalate the demand for smart electric meter in the region and are considered as an important factor for the growth of market in the region. 

 The growing initiatives for ensuring efficient electricity consumption and data monitoring is further contributing towards the growth of market. Kansai and Tokyo Electric Power Company (TEPCO) are two power utility giants in the region. Kansai Electric Power was a first mover and has been installing smart meters since 2008. After the Fukushima crisis, the government ordered the TEPCO to invite offers from both domestic and foreign firms to install 17 million smart meters by 2019. 

Research Methodology

The market study of the Japan 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. Japan Smart Electric Meter Market Research and Analysis by Communication Technology
2. Japan Smart Electric Meter Market Research and Analysis by Phase
3. Japan Smart Electric Meter Market Research and Analysis by Applications

The Report Covers

• Comprehensive research methodology of the Japan 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 Japan Smart Electric Meter market.
• Insights about market determinants which are stimulating the Japan Smart Electric Meter market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.