ASIA-PACIFIC SMART METER DATA MANAGEMENT MARKET 2024-2032

ICT | IT Hardware and data centers

ASIA-PACIFIC SMART METER DATA MANAGEMENT MARKET 2024-2032

Market by Deployment Type, Component, Application, and Country Outlook | Forecast 2024-2032

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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

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Table of Content

1. 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

List of Tables

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)

List of Figures

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)

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