Asia Pacific Smart Electricity Meters Market Size & Outlook
Asia Pacific smart electricity meters market, 2017-2030 (US$M)
Related Markets
Asia Pacific smart electricity meters market highlights
- The Asia Pacific smart electricity meters market generated a revenue of USD 5,910.4 million in 2023.
- The market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, residential was the largest revenue generating end-use in 2023.
- Industrial is the most lucrative end-use segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 5,910.4 million |
| Market revenue in 2030 | USD 10,145.5 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Industrial |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
| Key market players worldwide | Abbott Laboratories, ABB Ltd, GE Aerospace, Holley Inc Class A, Honeywell International Inc, Itron Inc, Schneider Electric SE, Siemens AG, El Sewedy Electrical Solutions |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 45.2% of the global smart electricity meters market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 394.8 million by 2030.
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Smart Electricity Meters Market Scope
Smart Electricity Meters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific smart electricity meters market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart electricity meters market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 88.32% in 2023. Horizon Databook has segmented the Asia Pacific smart electricity meters market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2017 to 2030.
- Asia Pacific Smart Electricity Meters End-Use Outlook (Revenue, USD Million, 2017-2030)
- Residential
- Commercial
- Industrial
- Asia Pacific Smart Electricity Meters Phase Outlook (Revenue, USD Million, 2017-2030)
- Single Phase
- Three Phase
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Target buyers of Asia Pacific smart electricity meters market databook
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Our clientele includes a mix of smart electricity meters market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific smart electricity meters market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smart electricity meters market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific smart electricity meters market size, by country, 2017-2030 (US$M)
Asia Pacific Smart Electricity Meters Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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