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Asia Pacific Smart Electric Meter Market Share

Report ID: GMI9062
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific Smart Electric Meter Market Share

General Electric, Schneider Electric, and other major players lead the smart meter market in the Asia Pacific due to their established reputation for reliability and innovation gives them a competitive edge. Their extensive global networks and local presence allow them to effectively penetrate diverse markets within the region. Additionally, their focus on providing comprehensive solutions tailored to the specific needs of Asian countries enhances customer trust and satisfaction.

Asia Pacific Smart Electric Meter Market Companies

Some major players operating in the Asia Pacific smart electric meter industry is mentioned below:

ABB
Aclara Technologies
Apator
Circutor SA
General Electric
Honeywell Elster
KamstrupItron
Larsen & Toubro Limited
Osaki Electric
Schneider Electric

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Asia Pacific market for smart electric meter was reached USD 9.3 billion in 2023 and is anticipated to register 12.1% CAGR through 2032, driven by increasing urbanization and industrialization across the region, pushing utilities to adopt smarter metering solutions for better management and efficiency.

The residential segment in the Asia Pacific smart electric meter market is poised to cross USD 13 billion by 2032, due to increasing household energy consumption, and government initiatives promoting energy efficiency.

China smart electric meter market is anticipated to surpass USD 23.5 billion by 2032 attributed to the technological prowess and government initiatives for smart grid deployment.

ABB, Aclara Technologies, Apator, Circutor SA, General Electric, Honeywell Elster, KamstrupItron, Larsen & Toubro Limited, Osaki Electric and Schneider Electric