Market by Deployment Type, Component, Application, and Country Outlook | Forecast 2024-2032
As per Triton’s research report, the Asia-Pacific smart meter data management market is projected to progress in terms of revenue at a CAGR of 17.08% during the forecast period 2024-2032.
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The countries analyzed in this region include:
• China
• Japan
• South Korea
• India
• ASEAN Countries
• Australia & New Zealand
• Rest of Asia-Pacific
The Asia-Pacific smart meter data management market is expected to witness significant growth due to the widespread adoption of smart metering technology, large-scale rollouts to residential users, and rapid expansion in the Chinese market. Japan boasts an advanced power grid monitoring system, with other leading utilities also planning smart meter deployments in the coming years. China is directing substantial investments into its energy infrastructure to meet the region’s escalating electricity demand. Besides, strategic initiatives of key players and regulatory mandates are expected to widen the overall scope of the market across the APAC region.
China, driven by national initiatives, has emerged as the global leader in smart electricity meters. The country’s installed base of these meters is projected to soar, achieving a remarkable market penetration. At the forefront of this transformation is the Smart Grid Corporation of China (SGCC). Notably, single-phase meters catering to residential and small to medium-sized commercial establishments constitute the majority of this demand. This rise in smart meters fuels the expansion of the smart meter data management market.
Before the Fukushima earthquake, Japan exercised caution in deploying smart grids. However, post-disaster concerns about nuclear-fueled electricity generation led to the establishment of the Energy-Environment Council to address the proposed transition away from nuclear power. The government set a target for nationwide electricity consumption to be monitored by smart meters.
A cloud-based deployment platform enables remote hosting and access of software and services via the internet, eliminating the need for individual software installations on multiple devices. The substantial increase in data volume, coupled with the absence of physical storage mediums, has propelled the adoption of cloud storage for meter data management software. The market is segmented based on deployment type, application, and component. Based on deployment type, it is sectioned into cloud-based and on-premise.
The key companies in the market include Arad Group, Aclara Technologies LLC, Honeywell International Inc, and Hansen Technologies Corp.
Arad Group specializes in designing, developing, and manufacturing high-quality meters, automatic meter reading (AMR), advanced metering infrastructure (AMI) systems, and advanced meter data management (MDM) technologies. Its patented solutions cater specifically to utilities, waterworks companies, and agriculture. With a longstanding reputation for precision in data measurement, transmission, and management, Arad Group offers clients water AMR and AMI solutions, integrating with various billing systems. Established in 1941, Arad Group comprises five specialized divisions spanning four continents, serving utility and water companies across over sixty countries.
KEY DELIVERABLES OF THE REPORT:
●
Market CAGR during the forecasting years 2024-2032
●
Detailed data highlighting key insights, industry components, and
market strategies
●
Comprehensive information and estimation of the smart meter data
management market revenue growth in the Asia-Pacific and its influence
on the parent market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape and Porter’s
Five Forces
●
A wide-ranging study of factors that will challenge the APAC smart meter data management market’s growth during the upcoming years
Market by Technology (Data ana ..
VIEW REPORT1. ASIA-PACIFIC
SMART METER DATA MANAGEMENT MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PORTER’S
FIVE FORCES ANALYSIS
2.1.1. THREAT
OF NEW ENTRANTS
2.1.2. THREAT
OF SUBSTITUTES
2.1.3. BARGAINING
POWER OF BUYERS
2.1.4. BARGAINING
POWER OF SUPPLIERS
2.1.5. THREAT
OF COMPETITIVE RIVALRY
2.2. MARKET
MATURITY ANALYSIS
2.3. SUPPLY
CHAIN ANALYSIS
2.3.1. EFFICIENT
SUPPLY CHAIN MANAGEMENT
2.3.2. OPTIMIZED
DISTRIBUTION NETWORKS
2.3.3. CONTINUOUS
TECHNOLOGICAL INNOVATION
2.3.4. STRONG
CUSTOMER RELATIONSHIP MANAGEMENT
2.4. REGULATORY
FRAMEWORK
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. DATA
ACCURACY & INTEGRITY
2.5.2. VENDOR
STABILITY & LONG-TERM SUPPORT
2.5.3. COST-EFFECTIVENESS
& FLEXIBLE PRICING MODELS
2.5.4. EFFECTIVE
TRAINING & USER ONBOARDING
2.6. KEY
MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT
LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. INCREASING
DATA VOLUMES STEMMING FROM SMART METER DEPLOYMENTS
2.7.2. IMPERATIVE
FOR OPERATIONAL EFFICIENCY AND COST OPTIMIZATION
2.7.3. UTILIZATION
OF ANALYTICS TO EXTRACT ACTIONABLE INSIGHTS FROM METER DATA
2.7.4. INTEGRATION
WITH CUSTOMER WEB PORTALS AND ADVANCED METERING INFRASTRUCTURE (AMI)
2.7.5. SUPPORT
AND INCENTIVES PROVIDED BY GOVERNMENTS
2.8. MARKET
CHALLENGES
2.8.1. CONCERNS
REGARDING DATA PRIVACY AND SECURITY DUE TO CYBER RISKS
2.8.2. LACK
OF COMMON STANDARDS LEADING TO INTEROPERABILITY ISSUES
2.8.3. HIGH
INITIAL COSTS ASSOCIATED WITH SMART METERING INFRASTRUCTURE ROLLOUT
2.8.4. SHORTAGE
OF SKILLED PERSONNEL TO EFFECTIVELY UTILIZE DATA
2.9. MARKET
OPPORTUNITIES
2.9.1. EMPHASIS
ON DATA VISUALIZATION AND DERIVING ACTIONABLE INSIGHTS
2.9.2. IMPLEMENTATION
OF SMART CITY AND GRID MODERNIZATION INITIATIVES
2.9.3. ADOPTION
OF BLOCKCHAIN FOR SEAMLESS AND SECURE DATA SHARING
2.10. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
SMART METER DATA MANAGEMENT MARKET – BY DEPLOYMENT TYPE
3.1. CLOUD-BASED
3.2. ON-PREMISE
4. ASIA-PACIFIC
SMART METER DATA MANAGEMENT MARKET – BY COMPONENT
4.1. SERVICES
4.2. SOFTWARE
5. ASIA-PACIFIC
SMART METER DATA MANAGEMENT MARKET – BY APPLICATION
5.1. GAS
5.2. WATER
5.3. ELECTRIC
6. ASIA-PACIFIC
SMART METER DATA MANAGEMENT MARKET – BY COUNTRY OUTLOOK
6.1. CHINA
6.1.1. CHINA
SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
6.2. JAPAN
6.2.1. JAPAN
SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
6.3. INDIA
6.3.1. INDIA
SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
6.4. SOUTH
KOREA
6.4.1. SOUTH
KOREA SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
6.5. ASEAN
COUNTRIES
6.5.1. ASEAN
COUNTRIES SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
6.6. AUSTRALIA
& NEW ZEALAND
6.6.1. AUSTRALIA
& NEW ZEALAND SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
6.7. REST
OF ASIA-PACIFIC
6.7.1. REST
OF ASIA-PACIFIC SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. ARAD
GROUP
7.1.1. OVERVIEW
7.1.2. PRODUCT
PORTFOLIO
7.1.3. KEY
STRENGTH
7.1.4. KEY
CHALLENGE
7.2. ACLARA
TECHNOLOGIES LLC
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGE
7.3. PARSONS
CORPORATION
7.3.1. OVERVIEW
7.3.2. PRODUCT
PORTFOLIO
7.3.3. KEY
STRENGTH
7.3.4. KEY
CHALLENGE
7.4. HONEYWELL
INTERNATIONAL INC
7.4.1. OVERVIEW
7.4.2. PRODUCT
PORTFOLIO
7.4.3. KEY
STRENGTHS
7.4.4. KEY
CHALLENGE
7.5. HANSEN
TECHNOLOGIES CORP
7.5.1. OVERVIEW
7.5.2. PRODUCT
PORTFOLIO
7.5.3. KEY
STRENGTHS
7.5.4. KEY
CHALLENGES
7.6. ITRON
INC
7.6.1. OVERVIEW
7.6.2. PRODUCT
PORTFOLIO
7.6.3. KEY
STRENGTHS
7.6.4. KEY
CHALLENGE
7.7. LANDIS+GYR
GROUP
7.7.1. OVERVIEW
7.7.2. PRODUCT
PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGE
7.8. SIEMENS
AG
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGES
7.9. KAMSTRUP
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGES
7.10. ORACLE
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY
STRENGTHS
7.10.4. KEY
CHALLENGES
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF COLLABORATIONS
TABLE 4: LIST OF PRODUCT LAUNCHES
TABLE 5: LIST OF ACQUISITIONS
TABLE 6: LIST OF BUSINESS DIVESTITURES &
EXPANSIONS
TABLE 7: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY DEPLOYMENT TYPE, 2024-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY COMPONENT, 2024-2032 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
FIGURE 1: MARKET MATURITY ANALYSIS
FIGURE 2: SUPPLY CHAIN ANALYSIS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY DEPLOYMENT TYPE, 2023 & 2032 (IN %)
FIGURE 5: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY CLOUD-BASED, 2024-2032 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY ON-PREMISE, 2024-2032 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY COMPONENT, 2023 & 2032 (IN %)
FIGURE 8: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY SERVICES, 2024-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY SOFTWARE, 2024-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 11: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY GAS, 2024-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY WATER, 2024-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY ELECTRIC, 2024-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC SMART METER DATA MANAGEMENT
MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 15: CHINA SMART METER DATA MANAGEMENT MARKET 2024-2032
(IN $ MILLION)
FIGURE 16: JAPAN SMART METER DATA MANAGEMENT MARKET
2024-2032 (IN $ MILLION)
FIGURE 17: INDIA SMART METER DATA MANAGEMENT MARKET
2024-2032 (IN $ MILLION)
FIGURE 18: SOUTH KOREA SMART METER DATA MANAGEMENT
MARKET 2024-2032 (IN $ MILLION)
FIGURE 19: ASEAN COUNTRIES SMART METER DATA
MANAGEMENT MARKET 2024-2032 (IN $ MILLION)
FIGURE 20: AUSTRALIA & NEW ZEALAND SMART METER
DATA MANAGEMENT MARKET 2024-2032 (IN $ MILLION)
FIGURE 21: REST OF ASIA-PACIFIC SMART METER DATA
MANAGEMENT MARKET 2024-2032 (IN $ MILLION)