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Asia Pacific Utility Scale Smart Meters Market Share

Report ID: GMI11757
Published Date: Oct 2024
Report Format: PDF

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Asia Pacific Utility Scale Smart Meter Market Share

ABB, Eaton, General Electric, Belden and Hitachi Energy are the key operators in the market are evolving into crucial elements of contemporary utility networks, surpassing traditional metering solutions in functionality. These advanced devices deliver precise, instantaneous energy consumption data to utilities, enabling enhanced grid management, efficient load distribution, and improved fraud detection. The ongoing transition from analog to digital smart meters supports global efforts to upgrade infrastructure and boost energy efficiency.

Asia Pacific Utility Scale Smart Meters Market Companies

Major players operating in the Asia Pacific utility scale smart meter industry are:

ABB
Belden.
CG Power & Industrial Solutions.
Cisco Systems
Eaton
Efacec
General Electric
Hitachi Energy.
L&T Electrical and Automation
Locamation
NetControl Group
NR Electric.
Open Systems International.
Rockwell Automation.
Schneider Electric
Siemens
SIFANG
Tesco Automation
Texas Instruments

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The Asia Pacific market for utility-scale smart meter was reached USD 4 billion in 2023 and is projected to grow at a CAGR of over 16.3% from 2024 to 2032, driven by increasing demand for efficient energy management and government initiatives promoting smart grid adoption.

The AMI segment is expected to surpass USD 12.9 billion by 2032, led by the utility sector's efforts to enhance energy distribution management, optimize real-time consumption monitoring, and seamlessly integrate renewable energy sources.

The smart electric segment is anticipated to witness a CAGR of more than 16.1% through 2032. This growth is propelled by utility companies prioritizing energy conservation efforts.

The China utility-scale smart meter market is predicted to reach USD 7.7 billion by 2032. This growth is fueled by increasing government initiatives to modernize power infrastructure and improve energy efficiency.

Key players in the market include ABB, Belden, CG Power & Industrial Solutions, Cisco Systems, Eaton, Efacec, General Electric, Hitachi Energy, L&T Electrical and Automation, Locamation, NetControl Group, NR Electric, Open Systems International, Rockwell Automation, Schneider Electric, Siemens, SIFANG, and Tesco Automation.