Asia Pacific Meter Data Management System Market is expected to grow from US$ 185.3 Mn in 2018 to US$ 603.5 Mn by the year 2027 at a CAGR of 15.9% during the forecast period.
The deployment of smart meters in emerging nations of the APAC region is gaining immense traction. The focus on conservation of energy is driving the deployment in these countries. The development of smart grids and burgeoning smart meter deployment across the region is anticipated to bolster the meter data management market. Also, China’s commitment to green development is another key driver for investments in the smart grid as well as AMI rollouts till 2020.
APAC countries, including China, Thailand, Singapore, and South Korea, are noticing increasing adoption of EVs, which is accelerating the number of EV charge stations. Such initiatives are expected to bolster the adoption of meter data management systems across the region.
Some of the companies competing in the Asia Pacific Meter Data Management System Market are
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Asia-Pacific Meter Data Management System Market–Segmentation
Asia-Pacific Meter Data Management System Market By Offering
Asia-Pacific Meter Data Management System Market By Utility Type
Asia-Pacific Meter Data Management System Market By Application
Asia-Pacific Meter Data Management System Market By End-User
Asia-Pacific Meter Data Management System Market By Country
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In terms of type, the rotary Meter Data Management System segment accounted for a larger share of the SAM Meter Data Management System market in 2019. In terms of technology, the magnetic segment held the largest share of the Meter Data Management System market in 2019. Further, the consumer electronics segment held the largest share of the market based on end-user in 2019.
What questions does the Asia Pacific Meter Data Management System Market report answer about the regional reach of the industry
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