Asia Smart Meter Outlook, 2012-2020
In the new Premium report, Zpryme forecasts the Asian smart meter market to reach $2.3 billion by 2020. By 2020 Asia’s total installed base of smart meters is projected to reach 467.2 million. Not surprisingly, total market volumes for China, Japan, Korea, and the Association of Southeast Asian Nations (ASEAN) show a fluctuating pattern because Asian is heavily influenced by China. China accounted for 90% of market in 2012 and is projected to account for 59% of the market in 2020.
Asia is a geographically, politically, and culturally complex territory with each country possessing different power grid configurations, economic environments, and demographic compositions. This variability drives smart metering demand, usage, and related applications in respective countries. As a result, smart meter implementation is shaped by each nation’s unique needs and circumstances.
In Asia, smart grid programs will enable the integration of systems and software to support market-driven and customer-driven information to expand grid functionality and reliability. This transition will require offering real time data, more robust security architecture, demand response, and reliability.
Zpryme has refined its forecasting models over dozens of reports, industry surveys and interviews to produce granular projections based on expected demand and our first-hand knowledge of the Asia smart meter market. To make this a truly industry-first report for actionable planning, the combined expertise of Zpryme’s global research team and Smart Grid Advisory Board provide a concise set of strategic insights to capitalize on the Asia smart meter market opportunity. This includes our overall go-to-market recommendations, major opportunity areas, key success factors for market entry, and our market outlook from 2012 to 2020. For more information, please refer to the table of contents.