Asia-Pacific Smart Meters Market is Expected to grow at a robust CAGR of 10.09% through 2030F
The
increasing Asia-Pacific smart meters market is driven by integration of
advanced communication technologies, government push for smart grid
modernization during the forecast period 2026-2030F.
According
to TechSci Research report, “Asia-Pacific
Smart Meters Market – By Country, Competition, Forecast and Opportunities, 2020-2030F”, The Asia-Pacific Smart Meters Market was
valued at USD 11.67 Billion in 2024 and is expected to reach USD 20.96 Billion
by 2030 with a CAGR of 10.09% during the forecast period. The Asia-Pacific
region is rapidly advancing toward full-scale deployment of smart meters that
utilize advanced communication technologies such as RF (Radio Frequency), PLC
(Power Line Communication), and cellular IoT. These technologies are central to
enabling two-way communication between meters and utility companies, improving
the speed and accuracy of data collection. Utilities are transitioning from
basic automated meter reading (AMR) to advanced metering infrastructure (AMI),
which supports real-time monitoring and remote control of meter functions. This
evolution not only enhances billing accuracy but also strengthens load
forecasting, peak load management, and outage response. Cellular IoT-based
smart meters are gaining momentum in urban areas due to their reliability and
low latency. Countries across the region are adopting these technologies to
ensure energy efficiency and network resilience. The deployment of
communication-enabled meters also aligns with smart grid and smart city
development initiatives, enabling greater flexibility in demand-side
management.
Governments
across Asia-Pacific are actively promoting smart metering infrastructure as
part of broader energy reform and grid modernization strategies. Many countries
have established nationwide smart meter rollout targets and are integrating
them into their utility reform agendas. These initiatives aim to improve energy
distribution efficiency, reduce theft and technical losses, and provide better
service reliability. Governments are also creating favorable regulatory
environments to support private participation, standardization, and digital
innovation in the utility sector. Smart meters are considered critical
infrastructure to enable dynamic pricing, renewable energy integration, and
real-time customer feedback. This political and institutional backing is
accelerating deployment, especially in densely populated and high-consumption
areas. Such measures are ensuring steady investments from both public and
private sectors, laying the foundation for digital utility ecosystems.
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Asia-Pacific Smart Meters Market"
Based
on Smart Meter Type, Smart Gas Meters is the fastest growing segment in the Asia-Pacific
Smart Meters market during the forecast period, due to the increasing need for
efficient gas consumption monitoring, safety, and operational optimization. As
gas is widely used across residential, commercial, and industrial sectors in
the region, the adoption of smart gas meters is accelerating in response to
growing energy demands and the need for more precise data to manage consumption
and costs.
One
of the key drivers for this growth is the increasing focus on energy
conservation and sustainability. Governments in Asia-Pacific countries are
implementing stricter regulations to reduce energy waste and improve
environmental sustainability, pushing for the adoption of smart meters across
utility sectors. Smart gas meters enable accurate, real-time readings, which
help both consumers and utility providers monitor and manage gas usage more
efficiently, leading to reduced consumption and lower carbon footprints.
In
addition to environmental concerns, the rise in energy prices is driving demand
for better control over energy consumption. Smart gas meters allow consumers to
track their usage and adjust their behavior to minimize costs. For utilities,
these meters enable advanced billing methods such as time-of-use pricing, which
incentivizes consumers to use gas during off-peak hours, leading to overall
system efficiency.
Technological
advancements in communication networks such as IoT and wireless connectivity
have also made the installation and operation of smart gas meters more
cost-effective. These meters are increasingly equipped with features like leak
detection, which enhances safety by providing real-time alerts on potential gas
leaks, a critical issue in densely populated urban areas.
Moreover,
the expansion of natural gas infrastructure in countries like China, India, and
Japan further contributes to the growth of the smart gas meter segment, as
utilities upgrade to smart systems to keep pace with the increasing demand for
gas and modernize infrastructure.
Based
on country, India is the fastest growing country in the Asia-Pacific Smart
Meters Market during the forecast period due to a combination of government
initiatives, increasing energy demand, and technological advancements. With the
country’s rapid urbanization and growing population, the demand for energy is
surging, and the need for efficient energy management is becoming more
critical.
A
key driver for the adoption of smart meters in India is the government’s strong
push towards grid modernization and smart city development. As part of its
efforts to enhance energy efficiency and reduce electricity theft, India has
launched various programs, such as the Smart Meter National Program under the
Ministry of Power. This initiative aims to replace conventional meters with
smart meters across the country to improve billing accuracy, reduce
transmission and distribution losses, and empower consumers with real-time
usage data. By 2025, millions of smart meters are expected to be installed,
significantly contributing to the market’s growth.
Additionally,
the increasing energy demand driven by India’s economic growth,
industrialization, and urban development further propels the need for smart
metering solutions. As energy consumption rises, both residential and
commercial consumers seek more efficient ways to monitor and manage their
electricity use, with smart meters offering real-time data and cost-saving
opportunities through dynamic pricing models.
India’s
focus on sustainability and the integration of renewable energy sources is
another factor driving smart meter adoption. With a growing share of solar and
wind energy in the energy mix, smart meters are critical in managing the
variability of renewable sources and balancing supply and demand in the grid.
The introduction of smart meters aids in seamlessly integrating decentralized
energy systems into the existing grid infrastructure.
The
adoption of IoT and wireless communication technologies in smart meters has
also made them more affordable and accessible to utilities in India,
encouraging widespread deployment across urban and rural regions. These factors
position India as a key driver in the Asia-Pacific Smart Meters market.
Key
market players in the Asia-Pacific Smart Meters market are:
-
- Landis+Gyr
- Itron
Inc.
- Honeywell
- Siemens
- General
Electric (GE)
- Schneider
Electric
- ABB Ltd.
- EDMI
Limited (Osaki Electric)
- Holley
Technology Ltd.
- Iskraemeco
India Private Limited
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“The
Asia-Pacific Smart Meters market offers significant opportunities driven by
rising energy demand, government initiatives for grid modernization, and
increasing adoption of renewable energy. The transition to smart grids in
emerging economies, such as India and China, presents substantial growth
potential. Additionally, advancements in IoT, wireless communication, and AI
technologies enable more efficient and cost-effective solutions. The
integration of smart meters with smart home systems and energy management
platforms also opens new avenues for innovation. As energy efficiency and
sustainability become key priorities, the market is poised to benefit from
continued regulatory support and technological advancements.Top of Form” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
“Asia-Pacific Smart Meters Market By Smart
Meter Type (Smart Electricity Meters, Smart Gas Meters, Smart Water Meters), By
End-User (Residential, Commercial, Industrial), By Technology (Advanced
Metering Infrastructure (AMI), Automatic Meter Reading (AMR)), By Communication
Technology (Radio Frequency, Power Line Communication, Cellular), By Country,
Competition, Forecast and Opportunities, 2020-2030F,” has evaluated the future growth
potential of Asia-Pacific 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 Asia-Pacific Smart Meters Market.
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