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Asia-Pacific Smart Meters Market Share, Trends, Size, Research and Forecast 2020-2026

01-06-2021 09:27 AM CET | Industry, Real Estate & Construction

Press release from: Orion Market Research

Asia-Pacific Smart Meters Market Share, Trends, Size, Research

Asia-Pacific smart meters market is projected to grow at a CAGR of 7.5% during the forecast period (2020-2026). The major factors contributing to the growth of the market include the rising smart city projects and partnerships for the development of smart meters in the region. As per the data published by the German Asia-Pacific Business Association in March 2019, the Chinese government is pushing the development of smart cities counting around 500 pilot projects. The development of innovative smart city projects in China involves some key factors, such as digital integration, new and sustainable mobility solutions, distributed energy generation, personalized healthcare, and automated waste management. This, in turn, will drive the adoption of smart utility solutions and thereby will increase the installations of smart meters in the region.

A full report of Asia-Pacific Smart Meters Market is available at: https://www.omrglobal.com/industry-reports/asia-pacific-smart-meters-market

Apart from these, a significant partnership for the development of smart meters is further providing a lucrative opportunity for market growth in the region. For instance, in May 2019, Semtech Corp., a supplier of analog and mixed-signal semiconductors products partnered with Goldcard Smart Group Co., Ltd., a provider of smart public utility solutions in China, to support gas utilities to optimize their operations. Under the partnership, they have incorporated Semtech’s LoRa devices and wireless radio frequency technology (LoRa Technology) into the Goldcard smart gas metering products to enable public gas utility firms to increase efficiency and decrease management costs.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/asia-pacific-smart-meters-market

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and the coming years?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
o Recommendations
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Asia-Pacific Smart Meters Market – Segmentation

By Product Type

• Smart Gas Meters
• Smart Electric Meters
• Smart Water Maters

By Technology

• Advanced Metering Infrastructure (AMI)
• Automated Meter Reading (AMR)

By Application

• Residential
• Commercial
• Industrial

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/asia-pacific-smart-meters-market

Asia-Pacific Smart Meters Market – Segmentation

by Region

• China
• India
• Japan
• Rest of Asia-Pacific

Company Profiles

• Eaton Corp.
• General Electric Co.
• Honeywell International, Inc.
• Itron Inc.
• Landis+Gyr AG
• Raychem RPG
• Siemens AG
• Schneider Electric SE
• Suntront Tech Co., Ltd.
• Wasion Holdings Ltd.

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com

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