Asia-Pacific smart meters market is estimated to grow at a CAGR of 7.5% during the forecast period. The major factor that propels the market growth in the region includes the rising smart city projects and partnerships for the development of smart meters. A significant rise in consumption of utilities such as electricity, water, and gas is expected by the economies such as China and India in the upcoming period, due to which a huge amount of government expenditure related to smart utility infrastructure will be foreseen in the region. Moreover, significant government initiatives for the smart meter installation further provide a significant opportunity for market growth.
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The Asia-Pacific market for smart meters is segmented on the basis of product type, technology, and application. Based on the product type, the market is classified into smart gas meters, smart electric meters, and smart water meters. The smart electric meter segment is projected to have a considerable share in the market. Based on the technology, the market is segmented into Advanced Metering Infrastructure (AMI) and Automated Meter Reading (AMR). The AMI Segment held a significant market share. On the basis of application, the market is further segregated into residential, commercial, and industrial. Based on geography, the Asia-Pacific smart meters market is further segregated into China, India, Japan, and the Rest of Asia-Pacific.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Asia-Pacific Smart Meters Market – Segmentation
By Product Type
- Smart Gas Meters
- Smart Electric Meters
- Smart Water Maters
By Technology
- Advanced Metering Infrastructure (AMI)
- Automated Meter Reading (AMR)
By Application
- Residential
- Commercial
- Industrial
Asia-Pacific Smart Meters Market – Segmentation by Region
- China
- India
- Japan
- Rest of Asia-Pacific
The Report Covers
- Comprehensive research methodology of the Asia-Pacific smart meters 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 meters market.
- Insights about market determinants that are stimulating the Asia-Pacific smart meters market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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