Press Release

Malaysia Smart Meters Market is expected to grow at a robust CAGR

Malaysia Smart Meters Market is expected to grow owing to deployment of smart meters as part of energy efficiency and sustainability goals throughout the forecast period.


According to TechSci Research report, “Malaysia Smart Meters Market – By Region, Competition, Forecast and Opportunities, 2018-2028”, the Malaysia Smart Meters Market is expected to register robust growth during the forecast period. The deployment of smart meters is a critical component of grid modernization efforts. They allow utilities to better manage the distribution of electricity, detect outages, and remotely control the grid. This enhances grid reliability, reduces power losses, and supports the integration of renewable energy sources.

Smart meters provide consumers with real-time data on their energy usage, enabling them to make informed decisions about when and how to use energy. This can lead to substantial cost savings for consumers by allowing them to identify and reduce energy-wasting habits. For utilities, improved energy efficiency means reduced grid congestion and lower operational costs.


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Based on technology, the Automatic Meter Reading (AMR) segment is expected to dominate the market during the forecast period. Different utilities may use AMR technology for various types of meters, including electricity, water, and gas meters. AMR technology can be deployed for residential, commercial, and industrial customers, each with specific requirements and challenges. The choice of communication technology (e.g., RF, PLC, cellular) can impact the implementation and cost-effectiveness of AMR solutions.: Market trends and adoption rates can vary by different regions within Malaysia. The demand for smart meters with AMR capabilities is expected to increase as consumers and utility companies recognize the benefits of real-time data and remote monitoring. The integration of data analytics and advanced metering infrastructure (AMI) is becoming more prevalent. This allows for in-depth analysis of consumption patterns and helps utilities make more informed decisions. Ensuring the security of data transmitted by smart meters is a critical concern. The market will see continued emphasis on cybersecurity measures to protect against potential breaches. Malaysia is increasingly focusing on renewable energy sources. Smart meters with AMR capabilities can facilitate the integration of solar panels and other renewable sources into the grid. The Malaysian Smart Meters Market is likely to continue growing, driven by increasing awareness of energy conservation, government support, and the need for efficient energy management. The AMR segment will remain a critical component of this growth.

Based on type, the Energy segment is projected to dominate the market throughout the forecast period. Different utilities (electricity, gas, and water) use smart meters with different technical specifications and requirements. Each of these sub-segments has its unique challenges and characteristics. The energy segment serves a broad range of customers, including residential, commercial, and industrial users, each with specific energy consumption patterns and needs. The adoption of smart meters plays a pivotal role in integrating renewable energy sources, such as solar panels, into the grid. The use of smart meters allows utilities to implement demand response programs to balance energy supply and demand, particularly during peak periods. Utilities can use data from smart meters to implement energy efficiency programs that encourage consumers to reduce their energy consumption. Smart meters enable consumers to monitor and manage their energy consumption more effectively, leading to energy savings and environmental benefits. As Malaysia focuses on renewable energy sources, smart meters play a critical role in measuring and integrating these sources into the grid. Smart meters allow for more flexible pricing models, such as TOU pricing, which encourages consumers to shift their energy usage to off-peak hours. Advanced analytics applied to smart meter data provide insights into consumption patterns and opportunities for energy savings. Smart meters are a key component of grid modernization efforts, enabling a more efficient and resilient energy infrastructure.


Key market players in the Malaysia Smart Meters Market are:-

  • Tenaga Nasional Berhad (TNB)
  • Landis+Gyr
  • Itron
  • Siemens Malaysia
  • Schneider Electric Malaysia
  • General Electric (GE)
  • Sensus Malaysia
  • Trilliant Networks
  • Sierra Wireless Malaysia
  • Silver Spring Networks  


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“The Malaysia Smart Meters Market in Central Thailand is poised to be the dominant force in the industry. The West Region has well-developed infrastructure, including communication networks and power distribution systems. This infrastructure is critical for the effective implementation of smart meters, ensuring reliable data communication and real-time monitoring.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Malaysia Smart Meters Market Segmented By Technology (Automatic Meter Reading (AMR) and Advanced Metering Infrastructure (AMI)), By Type (Energy, Water and Gas), By Application (Industrial, Commercial and Residential), By Region, and By Competition, 2018-2028,” has evaluated the future growth potential of Malaysia Smart Meters Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Malaysia Smart Meters Market.



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Malaysia Smart Meters Market Segmented By Technology (Automatic Meter Reading (AMR) and Advanced Metering Infrastructure (AMI)), By Type (Energy, Water and Gas), By Application (Industrial, Commercial and Residential), By Region, and By Competition, 2018-2028

Power | Nov, 2023

Implementation of smart meters is a critical component of grid modernization and is one of the factors driving the Malaysia Smart Meters Market during the forecast period 2024-2028.

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