Asia Pacific Smart Gas Meter Market 2022-2032 by Component (Hardware, Software), Technology (AMR, AMI), Product Type (Diaphragm, Ultrasonic), Smart Card (CPU, RFID), End Use (Residential, Commercial, Industrial), and Country: Trend Forecast and Growth Opportunity
Asia Pacific smart gas meter market will grow by 8.2% annually with a total addressable market cap of $13.18 billion over 2023-2032, driven by the increasing safety needs, digitalization of distribution grids and optimization of network operations, asset management of advanced metering infrastructure (AMI), and increasing investment in smart meter technologies supported by government initiatives.
Highlighted with 88 tables and 41 figures, this 138-page report “Asia Pacific Smart Gas Meter Market 2022-2032 by Component (Hardware, Software), Technology (AMR, AMI), Product Type (Diaphragm, Ultrasonic), Smart Card (CPU, RFID), End Use (Residential, Commercial, Industrial), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific smart gas meter market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific smart gas meter market in every aspect of the classification from perspectives of Component, Technology, Product Type, Smart Card, End Use, and Country.
Based on Component, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
• Software & Service
Based on Technology, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Automatic Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)
By Product Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Smart Diaphragm Gas Meter
• Smart Ultrasonic Gas Meter
By Smart Card, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• CPU Card-based Meters
• RFID Card-based Meters
• Other Card-based Meters
By End Use, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Residential Use
• Commercial Use
• Industrial Use
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Component, Technology, and End Use over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Aclara Technologies
AEM
Aichi Tokei Denki Co. Ltd.
Apator SA
Azbil Kimmon Co. Ltd (Azbil Corporation)
Badger Meter, Inc.
Chongqing Shancheng Gas Equipment Co., Ltd.
Dandong Dongfa (Group) Co., Ltd.
Diehl Stiftung GmbH & Co. KG
EDMI Ltd.
Elster Group GmbH (Honeywell International Inc.)
Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.)
Itron Inc.
Landis + GYR Group AG
Pietro Fiorentini SpA
Sagemcom SAS
Schneider Electric SE
Sensus Usa Inc. (Xylem Inc.)
Siemens AG
Wasion Group Holdings
Yazaki Corporation
Zenner International GmbH & Co. KG
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 22
2.1.2 Impact of COVID-19 on the Market 25
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 27
2.2 Major Growth Drivers 31
2.3 Market Restraints and Challenges 34
2.4 Emerging Opportunities and Market Trends 37
2.5 Porter’s Fiver Forces Analysis 41
3 Segmentation of Asia Pacific Market by Component 45
3.1 Market Overview by Component 45
3.2 Hardware 47
3.3 Software & Service 48
4 Segmentation of Asia Pacific Market by Technology 49
4.1 Market Overview by Technology 49
4.2 Automatic Meter Reading (AMR) 51
4.3 Advanced Metering Infrastructure (AMI) 52
5 Segmentation of Asia Pacific Market by Product Type 53
5.1 Market Overview by Product Type 53
5.2 Smart Diaphragm Gas Meter 55
5.3 Smart Ultrasonic Gas Meter 56
6 Segmentation of Asia Pacific Market by Smart Card 57
6.1 Market Overview by Smart Card 57
6.2 CPU Card-based Meters 59
6.3 RFID Card-based Meters 60
6.4 Other Card-based Meters 61
7 Segmentation of Asia Pacific Market by End Use 62
7.1 Market Overview by End Use 62
7.2 Residential Use 64
7.3 Commercial Use 65
7.4 Industrial Use 66
8 Asia-Pacific Market 2022-2032 by Country 67
8.1 Overview of Asia-Pacific Market 67
8.2 Japan 70
8.3 China 73
8.4 Australia 75
8.5 India 77
8.6 South Korea 79
8.7 Rest of APAC Region 81
9 Competitive Landscape 83
9.1 Overview of Key Vendors 83
9.2 New Product Launch, Partnership, Investment, and M&A 86
9.3 Company Profiles 87
Aclara Technologies 87
AEM 89
Aichi Tokei Denki Co. Ltd. 91
Apator SA 93
Azbil Kimmon Co. Ltd (Azbil Corporation) 95
Badger Meter, Inc. 98
Chongqing Shancheng Gas Equipment Co., Ltd. 100
Dandong Dongfa (Group) Co., Ltd. 101
Diehl Stiftung GmbH & Co. KG 102
EDMI Ltd. 104
Elster Group GmbH (Honeywell International Inc.) 106
Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.) 108
Itron Inc. 111
Landis + GYR Group AG 114
Pietro Fiorentini SpA 116
Sagemcom SAS 119
Schneider Electric SE 122
Sensus Usa Inc. (Xylem Inc.) 125
Siemens AG 127
Wasion Group Holdings 131
Yazaki Corporation 134
Zenner International GmbH & Co. KG 136
Related Reports and Products 138
List of Tables:
Table 1. Snapshot of Asia Pacific Smart Gas Meter Market in Balanced Perspective, 2022-2032 18
Table 2. World Economic Outlook, 2021-2031 23
Table 3. World Economic Outlook, 2021-2023 24
Table 4. Scenarios for Economic Impact of Ukraine Crisis 28
Table 5. Main Product Trends and Market Opportunities in Asia Pacific Smart Gas Meter Market 37
Table 6. Asia Pacific Smart Gas Meter Market by Component, 2022-2032, $ mn 45
Table 7. Asia Pacific Smart Gas Meter Market by Technology, 2022-2032, $ mn 49
Table 8. Asia Pacific Smart Gas Meter Market by Product Type, 2022-2032, $ mn 53
Table 9. Asia Pacific Smart Gas Meter Market by Smart Card, 2022-2032, $ mn 57
Table 10. Asia Pacific Smart Gas Meter Market by End Use, 2022-2032, $ mn 62
Table 11. APAC Smart Gas Meter Market by Country, 2022-2032, $ mn 68
Table 12. Japan Smart Gas Meter Market by Component, 2022-2032, $ mn 72
Table 13. Japan Smart Gas Meter Market by Technology, 2022-2032, $ mn 72
Table 14. Japan Smart Gas Meter Market by End Use, 2022-2032, $ mn 72
Table 15. China Smart Gas Meter Market by Component, 2022-2032, $ mn 74
Table 16. China Smart Gas Meter Market by Technology, 2022-2032, $ mn 74
Table 17. China Smart Gas Meter Market by End Use, 2022-2032, $ mn 74
Table 18. Australia Smart Gas Meter Market by Component, 2022-2032, $ mn 76
Table 19. Australia Smart Gas Meter Market by Technology, 2022-2032, $ mn 76
Table 20. Australia Smart Gas Meter Market by End Use, 2022-2032, $ mn 76
Table 21. India Smart Gas Meter Market by Component, 2022-2032, $ mn 78
Table 22. India Smart Gas Meter Market by Technology, 2022-2032, $ mn 78
Table 23. India Smart Gas Meter Market by End Use, 2022-2032, $ mn 78
Table 24. South Korea Smart Gas Meter Market by Component, 2022-2032, $ mn 80
Table 25. South Korea Smart Gas Meter Market by Technology, 2022-2032, $ mn 80
Table 26. South Korea Smart Gas Meter Market by End Use, 2022-2032, $ mn 80
Table 27. Smart Gas Meter Market in Rest of APAC by Country/Region, 2022-2032, $ mn 82
Table 28. Aclara Technologies: Company Snapshot 87
Table 29. Aclara Technologies: Business Segmentation 88
Table 30. Aclara Technologies: Product Portfolio 88
Table 31. AEM: Company Snapshot 89
Table 32. Aichi Tokei Denki Co. Ltd.: Company Snapshot 91
Table 33. Aichi Tokei Denki Co. Ltd.: Product Portfolio 92
Table 34. Apator SA: Company Snapshot 93
Table 35. Apator SA: Business Segmentation 94
Table 36. Apator SA: Revenue by Region 94
Table 37. Apator SA: Product Portfolio 94
Table 38. Azbil Kimmon Co. Ltd (Azbil Corporation): Company Snapshot 95
Table 39. Azbil Kimmon Co. Ltd (Azbil Corporation): Business Segmentation 96
Table 40. Azbil Kimmon Co. Ltd (Azbil Corporation): Revenue by Region 96
Table 41. Azbil Kimmon Co. Ltd (Azbil Corporation): Product Portfolio 97
Table 42. Badger Meter, Inc.: Company Snapshot 98
Table 43. Badger Meter, Inc.: Revenue by Region 98
Table 44. Badger Meter, Inc.: Product Portfolio 99
Table 45. Chongqing Shancheng Gas Equipment Co., Ltd.: Company Snapshot 100
Table 46. Dandong Dongfa (Group) Co., Ltd.: Company Snapshot 101
Table 47. Diehl Stiftung GmbH & Co. KG: Company Snapshot 102
Table 48. Diehl Stiftung GmbH & Co. KG: Business Segmentation 103
Table 49. Diehl Stiftung GmbH & Co. KG: Product Portfolio 103
Table 50. EDMI Ltd.: Company Snapshot 104
Table 51. EDMI Ltd.: Product Portfolio 104
Table 52. Elster Group GmbH (Honeywell International Inc.): Company Snapshot 106
Table 53. Elster Group GmbH (Honeywell International Inc.): Business Segmentation 107
Table 54. Elster Group GmbH (Honeywell International Inc.): Revenue by Region 107
Table 55. Elster Group GmbH (Honeywell International Inc.): Product Portfolio 107
Table 56. Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.): Company Snapshot 108
Table 57. Holley Technology Ltd. (Zhejiang Huamei Holding Co., Ltd.): Product Portfolio 109
Table 58. Itron Inc.: Company Snapshot 111
Table 59. Itron Inc.: Business Segmentation 112
Table 60. Itron Inc.: Revenue by Region 112
Table 61. Itron Inc.: Product Portfolio 112
Table 62. Landis + GYR Group AG: Company Snapshot 114
Table 63. Landis + GYR Group AG: Revenue by Region 114
Table 64. Landis + GYR Group AG: Product Portfolio 115
Table 65. Pietro Fiorentini SpA: Company Snapshot 116
Table 66. Pietro Fiorentini SpA: Product Portfolio 117
Table 67. Sagemcom SAS: Company Snapshot 119
Table 68. Sagemcom SAS: Business Segmentation 120
Table 69. Sagemcom SAS: Product Portfolio 120
Table 70. Schneider Electric SE: Company Snapshot 122
Table 71. Schneider Electric SE: Business Segmentation 122
Table 72. Schneider Electric SE: Revenue by Region 123
Table 73. Sensus Usa Inc. (Xylem Inc.): Company Snapshot 125
Table 74. Sensus Usa Inc. (Xylem Inc.): Business Segmentation 126
Table 75. Sensus Usa Inc. (Xylem Inc.): Revenue by Region 126
Table 76. Sensus Usa Inc. (Xylem Inc.): Product Portfolio 126
Table 77. Siemens AG: Company Snapshot 127
Table 78. Siemens AG: Business Segmentation 127
Table 79. Siemens AG: Revenue by Region 128
Table 80. Wasion Group Holdings: Company Snapshot 131
Table 81. Wasion Group Holdings: Business Segmentation 132
Table 82. Wasion Group Holdings: Revenue by Region 132
Table 83. Wasion Group Holdings: Product Portfolio 132
Table 84. Yazaki Corporation: Company Snapshot 134
Table 85. Yazaki Corporation: Revenue by Region 134
Table 86. Yazaki Corporation: Product Portfolio 135
Table 87. Zenner International GmbH & Co. KG: Company Snapshot 136
Table 88. Zenner International GmbH & Co. KG: Product Portfolio 137List of Figures:
Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 17
Figure 4. Asia Pacific Smart Gas Meter Market by Value, 2022-2032, $ mn 20
Figure 5. Asia Pacific Smart Gas Meter Market by Volume, 2022-2032, million units 21
Figure 6. Impact of COVID-19 on Business 25
Figure 7. Primary Drivers and Impact Factors of Asia Pacific Smart Gas Meter Market 31
Figure 8. Primary Restraints and Impact Factors of Asia Pacific Smart Gas Meter Market 34
Figure 9. Investment Opportunity Analysis 38
Figure 10. Porter’s Fiver Forces Analysis of Asia Pacific Smart Gas Meter Market 41
Figure 11. Breakdown of Asia Pacific Smart Gas Meter Market by Component, 2022-2032, % of Revenue 45
Figure 12. Contribution to Asia Pacific 2023-2032 Cumulative Revenue by Component, Value ($ mn) and Share (%) 46
Figure 13. Asia Pacific Smart Gas Meter Market: Hardware, 2022-2032, $ mn 47
Figure 14. Asia Pacific Smart Gas Meter Market: Software & Service, 2022-2032, $ mn 48
Figure 15. Breakdown of Asia Pacific Smart Gas Meter Market by Technology, 2022-2032, % of Revenue 49
Figure 16. Contribution to Asia Pacific 2023-2032 Cumulative Revenue by Technology, Value ($ mn) and Share (%) 50
Figure 17. Asia Pacific Smart Gas Meter Market: Automatic Meter Reading (AMR), 2022-2032, $ mn 51
Figure 18. Asia Pacific Smart Gas Meter Market: Advanced Metering Infrastructure (AMI), 2022-2032, $ mn 52
Figure 19. Breakdown of Asia Pacific Smart Gas Meter Market by Product Type, 2022-2032, % of Revenue 53
Figure 20. Contribution to Asia Pacific 2023-2032 Cumulative Revenue by Product Type, Value ($ mn) and Share (%) 54
Figure 21. Asia Pacific Smart Gas Meter Market: Smart Diaphragm Gas Meter, 2022-2032, $ mn 55
Figure 22. Asia Pacific Smart Gas Meter Market: Smart Ultrasonic Gas Meter, 2022-2032, $ mn 56
Figure 23. Breakdown of Asia Pacific Smart Gas Meter Market by Smart Card, 2022-2032, % of Revenue 57
Figure 24. Contribution to Asia Pacific 2023-2032 Cumulative Revenue by Smart Card, Value ($ mn) and Share (%) 58
Figure 25. Asia Pacific Smart Gas Meter Market: CPU Card-based Meters, 2022-2032, $ mn 59
Figure 26. Asia Pacific Smart Gas Meter Market: RFID Card-based Meters, 2022-2032, $ mn 60
Figure 27. Asia Pacific Smart Gas Meter Market: Other Card-based Meters, 2022-2032, $ mn 61
Figure 28. Breakdown of Asia Pacific Smart Gas Meter Market by End Use, 2022-2032, % of Revenue 62
Figure 29. Contribution to Asia Pacific 2023-2032 Cumulative Revenue by End Use, Value ($ mn) and Share (%) 63
Figure 30. Asia Pacific Smart Gas Meter Market: Residential Use, 2022-2032, $ mn 64
Figure 31. Asia Pacific Smart Gas Meter Market: Commercial Use, 2022-2032, $ mn 65
Figure 32. Asia Pacific Smart Gas Meter Market: Industrial Use, 2022-2032, $ mn 66
Figure 33. Breakdown of APAC Smart Gas Meter Market by Country, 2022 and 2032, % of Revenue 68
Figure 34. Contribution to APAC 2023-2032 Cumulative Revenue by Country, Value ($ mn) and Share (%) 69
Figure 35. Smart Gas Meter Market in Japan, 2022-2032, $ mn 71
Figure 36. Smart Gas Meter Market in China, 2022-2032, $ mn 73
Figure 37. Smart Gas Meter Market in Australia, 2022-2032, $ mn 75
Figure 38. Smart Gas Meter Market in India, 2022-2032, $ mn 77
Figure 39. Smart Gas Meter Market in South Korea, 2022-2032, $ mn 79
Figure 40. Smart Gas Meter Market in Rest of APAC, 2022-2032, $ mn 81
Figure 41. Growth Stage of Asia Pacific Smart Gas Meter Industry over the Forecast Period 83
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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