The Asia Pacific smart electric meter market is expected to have a CAGR of 5.12% .The Asia-Pacific Smart electric meter market continues to escalate in terms of revenue which is expected to reach up to $ xx million by 2027.
China has become the world’s largest market for smart electricity meters as a result of several initiatives by the Chinese national government. China is investing massively in the expansion of the nation’s energy infrastructure to keep up with the rapidly increasing power demand. Although, India is still in the nascent stage for smart electric meter market. But there is a huge scope for the market to grow in India due to its electric consumption and untapped market.
Major players in the Asia Pacific smart electric meter market are Honeywell (Elster), Iskraemeco, Itron, Abb Ltd., Aclara, Schneider Electric, Genus Power Infrastructure, Holley Tech Uk, Wasion Group Jiangsu Linyang, Landis+Gyr (Toshiba Corporation), Microchip Technology, Siemens Ag and Networked Energy Services.