Asia-Pacific Smart Meter Data Management Market 2024-2032

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,500	163 Pages	Triton Market Research	May, 2024	TRTN18798865

Best Price Guarantee
Price	from $1,500
Length	163 Pages
Publisher	Triton Market Research
Published Date	May, 2024
SKU	TRTN18798865

Asia-Pacific Smart Meter Data Management Market 2024-2032

Market Outlook

According to Triton Market Research, the Asia-Pacific smart meter data management market is set to progress at a CAGR of 17.08% during the forecast period 2024-2032. Japan, India, China, Australia & New Zealand, South Korea, ASEAN countries, and the Rest of Asia-Pacific are examined in the market.

The Indian market, after conducting several pilot projects, has now commenced large-scale deployments of smart metering, primarily motivated by governmental objectives aiming for nationwide coverage. Despite being one of the world’s fastest-growing economies, India’s industrial expansion has been hampered by insufficient energy availability. Ranking third globally in electricity consumption, the country faces significant challenges, including transmission and distribution losses. The government procures smart meters from both domestic and foreign manufacturers. For instance, Landis+Gyr operates two manufacturing facilities in India, situated in Kolkata and Baddi. Hence, these factors create opportunities for the smart meter data management market across India.

South Korea’s initiative for smart electric meters is part of its broader Smart Grid Initiative. Led by a pilot project on Jeju Island, the aim is to reduce electricity consumption by 10% by 2030. The government plans to invest significantly in smart meters by 2030, according to the South Korea Smart Grid Institute (KSGI). This rise in investments further propels the smart meter data management market.

Competitive Outlook

The notable companies thriving in the smart meter data management market include Arad Group, Parsons Corporation, Honeywell International Inc, and Itron Inc.

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)