Asia-Pacific smart meters market is projected to grow at a CAGR of 7.5% during the forecast period (2020-2026). The major factors contributing to the growth of the market include the rising smart city projects and partnerships for the development of smart meters in the region.
As per the data published by the German Asia-Pacific Business Association in March 2019, the Chinese government is pushing the development of smart cities counting around 500 pilot projects. The development of innovative smart city projects in China involves some key factors, such as digital integration, new and sustainable mobility solutions, distributed energy generation, personalized healthcare, and automated waste management. This, in turn, will drive the adoption of smart utility solutions and thereby will increase the installations of smart meters in the region.
Browse the full report description Asia-Pacific Smart Meters Market Size, Share & Trends Analysis Report by Product Type (Smart Gas Meters, Smart Electric Meters, Smart Water Maters), By Technology (AMI and AMR), By Application (Residential, Commercial, and Industrial), and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/asia-pacific-smart-meters-market
Apart from these, a significant partnership for the development of smart meters is further providing a lucrative opportunity for market growth in the region. For instance, in May 2019, Semtech Corp., a supplier of analog and mixed-signal semiconductors products partnered with Goldcard Smart Group Co., Ltd., a provider of smart public utility solutions in China, to support gas utilities to optimize their operations. Under the partnership, they have incorporated Semtech’s LoRa devices and wireless radio frequency technology (LoRa Technology) into the Goldcard smart gas metering products to enable public gas utility firms to increase efficiency and decrease management costs.
Market Coverage
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Report Elements |
Details |
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Study Period |
2019-2026 |
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Base year |
2019 |
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Forecast period |
2020-2026 |
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Segments Covered |
By Product Type, by Technology, and by Application |
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Regions Covered |
China, India, Japan, and Rest of Europe |
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Key Companies Profiled |
Eaton Corp., Landis+Gyr AG, Schneider
Electric SE, Siemens AG, Schneider Electric SE, and others |
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
o Recommendations
Asia-Pacific Smart Meters Market – Segmentation
By Product Type
By Technology
By Application
Asia-Pacific Smart Meters Market – Segmentation by Region
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