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Asia Pacific Smart Meters Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Asia Pacific Smart Meters Market: By Type (Smart Electricity Meter, Smart Water Meter, and Smart Gas Meter); Communication Method (Radio Frequency, Power Line Communication, and Cellular); Phase (GISM (Single Phase), GIST (Three Phase), and GISS (Heavy Consumers)); Technology (Automated Meter Reading (AMR) and AMI); End User (Residential, Commercial, and Industrial); and Country—Industry Dynamics, Market Size, Opportunity and Forecast For 2023-2031

  • Published On: 13-Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0722279
    Delivery: 2 to 4 Hours


Report AttributeDetails
Market Size Value in 2022US$ 9,885.1 Million
Expected Revenue in 2031US$ 53,596.9 Million
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Type, By Communication Method, By Phase, By Technology, By End-User, By Region
Key Companies                                                                    Badger Meter​, EDMI Limited, Holley Technology Ltd​, Honeywell International​, Itron, Kamstrup​, Landis+Gyr, Larsen & Toubro, Neptune Technology, Schneider Electric , Sensus, Siemens, Wasion Group, Zilog Inc., Other Prominent Players
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The Asia Pacific smart meters market was valued at US$ 9,885.1 Mn in 2022.

The Asia Pacific smart meters market is projected to expand at a CAGR of 20.1% during the forecast period.  

The market is majorly driven by factors such as growing government financial support for the digitalization of grids and the rising need for real-time monitoring.

The high cost of maintenance and the security of smart meters may hinder the market growth over the forecast period.

The growing adoption of electric and hybrid vehicles is providing a lucrative opportunity for the market growth.

The various segmentations considered to analyze the Asia Pacific smart meters are based on type, communication method, phase, technology, end-user, and country.

AMI technology segment dominates the market in 2022.

Residential segment is the highest end-user in the market in 2022.

China is the highest shareholder country in the market in 2022.

The key players in the market are Itron, Sensus, Badger Meter, and Schneider Electric among others.