Table of Content

1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16

2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 26
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42

3 Segmentation of Asia Pacific Market by Component 46
3.1 Market Overview by Component 46
3.2 Hardware 48
3.3 Software & Service 49

4 Segmentation of Asia Pacific Market by Technology 50
4.1 Market Overview by Technology 50
4.2 Automatic Meter Reading (AMR) 52
4.3 Advanced Metering Infrastructure (AMI) 53

5 Segmentation of Asia Pacific Market by Communication Type 54
5.1 Market Overview by Communication Type 54
5.2 Cellular Technology 56
5.3 Radio Frequency (RF) 57
5.4 Power Line Communication (PLC) 58
5.5 Other Communication Types 59

6 Segmentation of Asia Pacific Market by Phase 60
6.1 Market Overview by Phase 60
6.2 Single-phase Smart Meters 62
6.3 Three-phase Smart Meters 63

7 Segmentation of Asia Pacific Market by Specification 64
7.1 Market Overview by Specification 64
7.2 SMETS1 Smart Meters 66
7.3 SMETS2 Smart Meters 67

8 Segmentation of Asia Pacific Market by Application 68
8.1 Market Overview by Application 68
8.2 Smart Electricity Meters 72
8.3 Smart Gas Meters 74
8.4 Smart Water Meters 76

9 Segmentation of Asia Pacific Market by End Use 78
9.1 Market Overview by End Use 78
9.2 Residential Use 80
9.3 Commercial Use 81
9.4 Industrial Use 82

10 Asia-Pacific Market 2022-2032 by Country 83
10.1 Overview of Asia-Pacific Market 83
10.2 Japan 86
10.3 China 89
10.4 Australia 91
10.5 India 93
10.6 South Korea 95
10.7 Rest of APAC Region 97

11 Competitive Landscape 99
11.1 Overview of Key Vendors 99
11.2 New Product Launch, Partnership, Investment, and M&A 102
11.3 Company Profiles 103
AEM 103
Aichi Tokei Denki Co., Ltd. 105
Apator SA 106
Azbil Kimmon Co., Ltd. (Azbil Corporation) 107
Badger Meter, Inc. 108
Diehl Stiftung & Co. KG 109
EDMI 110
Elster Group GmbH (Honeywell International Inc.) 111
Hexing Electric Company Ltd. 112
Holley Technology Ltd. 113
Iskraemeco 114
Itron Inc. 115
Jiangsu Linyang Energy Co., Ltd. 116
Kamstrup AS 117
Landis+Gyr Group AG 118
Neptune Technology Group Inc. 119
Ningbo Sanxing Electric Co., Ltd. 120
Pietro Fiorentini SpA 121
Sagemcom SAS 122
Schneider Electric SA 123
Sensus Usa Inc. (Xylem Inc.) 124
Siemens AG 125
Wasion Holdings Limited 126
Yazaki Corporation 127
Zenner International GmbH & Co. KG 128
RELATED REPORTS 129



List of Figures

List of Figures:

Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. Asia Pacific Smart Meters Market by Value, 2022-2032, $ mn 19
Figure 5. Asia Pacific Smart Meters Market by Volume, 2022-2032, million units 20
Figure 6. Impact of COVID-19 on Business 24
Figure 7. Primary Drivers and Impact Factors of Asia Pacific Smart Meters Market 30
Figure 8. Forecast of Middle-class Population by Region, 2015-2030, million 33
Figure 9. Worldwide Smart Grid Technology Market, 2022-2028, $ billion 33
Figure 10. Drivers for Smart Technology Investment 34
Figure 11. Primary Restraints and Impact Factors of Asia Pacific Smart Meters Market 35
Figure 12. Investment Opportunity Analysis 39
Figure 13. Porter’s Fiver Forces Analysis of Asia Pacific Smart Meters Market 42
Figure 14. Breakdown of Asia Pacific Smart Meters Market by Component, 2022-2032, % of Revenue 47
Figure 15. Asia Pacific Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%) 47
Figure 16. Asia Pacific Smart Meters Market by Component: Hardware, 2022-2032, $ mn 48
Figure 17. Asia Pacific Smart Meters Market by Component: Software & Service, 2022-2032, $ mn 49
Figure 18. Breakdown of Asia Pacific Smart Meters Market by Technology, 2022-2032, % of Sales Revenue 51
Figure 19. Asia Pacific Addressable Market Cap in 2023-2032 by Technology, Value ($ mn) and Share (%) 51
Figure 20. Asia Pacific Smart Meters Market by Technology: Automatic Meter Reading (AMR), 2022-2032, $ mn 52
Figure 21. Asia Pacific Smart Meters Market by Technology: Advanced Metering Infrastructure (AMI), 2022-2032, $ mn 53
Figure 22. Breakdown of Asia Pacific Smart Meters Market by Communication Type, 2022-2032, % of Sales Revenue 55
Figure 23. Asia Pacific Addressable Market Cap in 2023-2032 by Communication Type, Value ($ mn) and Share (%) 55
Figure 24. Asia Pacific Smart Meters Market by Communication Type: Cellular Technology, 2022-2032, $ mn 56
Figure 25. Asia Pacific Smart Meters Market by Communication Type: Radio Frequency (RF), 2022-2032, $ mn 57
Figure 26. Asia Pacific Smart Meters Market by Communication Type: Power Line Communication (PLC), 2022-2032, $ mn 58
Figure 27. Asia Pacific Smart Meters Market by Communication Type: Other Communication Types, 2022-2032, $ mn 59
Figure 28. Breakdown of Asia Pacific Smart Meters Market by Phase, 2022-2032, % of Revenue 61
Figure 29. Asia Pacific Addressable Market Cap in 2023-2032 by Phase, Value ($ mn) and Share (%) 61
Figure 30. Asia Pacific Smart Meters Market by Phase: Single-phase Smart Meters, 2022-2032, $ mn 62
Figure 31. Asia Pacific Smart Meters Market by Phase: Three-phase Smart Meters, 2022-2032, $ mn 63
Figure 32. Breakdown of Asia Pacific Smart Meters Market by Specification, 2022-2032, % of Revenue 65
Figure 33. Asia Pacific Addressable Market Cap in 2023-2032 by Specification, Value ($ mn) and Share (%) 65
Figure 34. Asia Pacific Smart Meters Market by Specification: SMETS1 Smart Meters, 2022-2032, $ mn 66
Figure 35. Asia Pacific Smart Meters Market by Specification: SMETS2 Smart Meters, 2022-2032, $ mn 67
Figure 36. Breakdown of Asia Pacific Smart Meters Market by Application, 2022-2032, % of Sales Value 68
Figure 37. Asia Pacific Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 69
Figure 38. Breakdown of Asia Pacific Smart Meters Market by Application, 2022-2032, % of Sales Volume 70
Figure 39. Asia Pacific Addressable Market Cap in 2023-2032 by Application, Volume (million units) and Share (%) 71
Figure 40. Asia Pacific Smart Meters Market by Application: Smart Electricity Meters, 2022-2032, $ mn 72
Figure 41. Asia Pacific Smart Meters Market by Application: Smart Electricity Meters, 2022-2032, million units 73
Figure 42. Asia Pacific Smart Meters Market by Application: Smart Gas Meters, 2022-2032, $ mn 74
Figure 43. Asia Pacific Smart Meters Market by Application: Smart Gas Meters, 2022-2032, million units 75
Figure 44. Asia Pacific Smart Meters Market by Application: Smart Water Meters, 2022-2032, $ mn 76
Figure 45. Asia Pacific Smart Meters Market by Application: Smart Water Meters, 2022-2032, million units 77
Figure 46. Breakdown of Asia Pacific Smart Meters Market by End Use, 2022-2032, % of Revenue 78
Figure 47. Asia Pacific Addressable Market Cap in 2023-2032 by End Use, Value ($ mn) and Share (%) 79
Figure 48. Asia Pacific Smart Meters Market by End Use: Residential Use, 2022-2032, $ mn 80
Figure 49. Asia Pacific Smart Meters Market by End Use: Commercial Use, 2022-2032, $ mn 81
Figure 50. Asia Pacific Smart Meters Market by End Use: Industrial Use, 2022-2032, $ mn 82
Figure 51. Breakdown of APAC Smart Meters Market by Country, 2022 and 2032, % of Revenue 84
Figure 52. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 85
Figure 53. Smart Meters Market in Japan, 2022-2032, $ mn 87
Figure 54. Smart Meters Market in China, 2022-2032, $ mn 89
Figure 55. Smart Meters Market in Australia, 2022-2032, $ mn 91
Figure 56. Smart Meters Market in India, 2022-2032, $ mn 93
Figure 57. Smart Meters Market in South Korea, 2022-2032, $ mn 95
Figure 58. Smart Meters Market in Rest of APAC, 2022-2032, $ mn 97
Figure 59. Growth Stage of Asia Pacific Smart Meters Industry over the Forecast Period 99

List of Tables

List of Tables:

Table 1. Snapshot of Asia Pacific Smart Meters Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. Scenarios for Economic Impact of Ukraine Crisis 27
Table 5. Main Product Trends and Market Opportunities in Asia Pacific Smart Meters Market 38
Table 6. Asia Pacific Smart Meters Market by Component, 2022-2032, $ mn 46
Table 7. Asia Pacific Smart Meters Market by Technology, 2022-2032, $ mn 50
Table 8. Asia Pacific Smart Meters Market by Communication Type, 2022-2032, $ mn 54
Table 9. Asia Pacific Smart Meters Market by Phase, 2022-2032, $ mn 60
Table 10. Asia Pacific Smart Meters Market by Specification, 2022-2032, $ mn 64
Table 11. Asia Pacific Smart Meters Market by Application by Value, 2022-2032, $ mn 68
Table 12. Asia Pacific Smart Meters Market by Application by Volume, 2022-2032, million units 70
Table 13. Asia Pacific Smart Meters Market by End Use, 2022-2032, $ mn 78
Table 14. APAC Smart Meters Market by Country, 2022-2032, $ mn 84
Table 15. Japan Smart Meters Market by Technology, 2022-2032, $ mn 88
Table 16. Japan Smart Meters Market by Application, 2022-2032, $ mn 88
Table 17. Japan Smart Meters Market by End Use, 2022-2032, $ mn 88
Table 18. China Smart Meters Market by Technology, 2022-2032, $ mn 90
Table 19. China Smart Meters Market by Application, 2022-2032, $ mn 90
Table 20. China Smart Meters Market by End Use, 2022-2032, $ mn 90
Table 21. Australia Smart Meters Market by Technology, 2022-2032, $ mn 92
Table 22. Australia Smart Meters Market by Application, 2022-2032, $ mn 92
Table 23. Australia Smart Meters Market by End Use, 2022-2032, $ mn 92
Table 24. India Smart Meters Market by Technology, 2022-2032, $ mn 94
Table 25. India Smart Meters Market by Application, 2022-2032, $ mn 94
Table 26. India Smart Meters Market by End Use, 2022-2032, $ mn 94
Table 27. South Korea Smart Meters Market by Technology, 2022-2032, $ mn 96
Table 28. South Korea Smart Meters Market by Application, 2022-2032, $ mn 96
Table 29. South Korea Smart Meters Market by End Use, 2022-2032, $ mn 96
Table 30. Smart Meters Market in Rest of APAC by Country/Region, 2022-2032, $ mn 98
Table 31. AEM: Company Snapshot 103
Table 32. AEM: Business Segmentation 104
Table 33. AEM: Product Portfolio 104