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Smart Metering in Asia-Pacific

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    Report

  • August 2022
  • Region: Asia Pacific
  • Berg Insight AB
  • ID: 5640245

Are you looking for detailed information and comprehensive data about the Asia-Pacific smart metering market? The study concludes that the installed base of smart electricity meters in Asia-Pacific will grow at a compound annual growth rate (CAGR) of 6.2 percent throughout the forecast period, from 757.7 million in 2021 to 1.1 billion in 2027. The installed base of smart gas metering endpoints in the region is at the same time expected to grow at a CAGR of 19.2 percent from 124.5 million in 2021 to 357.1 million in 2027. Get up to date with the latest information about vendors, products and local

Highlights from the report:

  • In-depth market profiles of China, Japan, South Korea, India, Bangladesh, Indonesia, the Philippines, Thailand, Vietnam, Australia and New Zealand.
  • 360-degree overview of next-generation PLC, RF and cellular technologies for smart grid communications.
  • Profiles of the key players in the smart metering industry in Asia-Pacific.
  • New forecasts for smart electricity and gas meters until 2027.
  • Analysis of the latest market and industry developments in each of the countries.
  • Case studies of smart metering projects by the leading energy groups.

Table of Contents


Executive summary
1 Smart grids and intelligent meters
1.1 Introduction to smart grids
1.2 Smart metering
1.2.1 Smart metering applications
1.2.2 Smart metering infrastructure
1.2.3 Benefits of smart metering
1.3 Project strategies
1.3.1 System design and sourcing
1.3.2 Rollout and integration
1.3.3 Implementation and operation
1.3.4 Communication with customers
1.4 Regulatory issues
1.4.1 Models for the introduction of smart meters
1.4.2 Standardisation
1.4.3 Individual rights issues

2 IoT networks and communications technologies
2.1 IoT network technologies
2.1.1 Network architectures
2.1.2 Unlicensed and licensed frequency bands
2.2 PLC technology and standards
2.2.1 International standards organisations
2.2.2 G3-PLC
2.2.3 PRIME
2.2.4 Meters & More
2.3 3GPP cellular and LPWA technologies
2.3.1 2G/3G/4G/5G cellular technologies and IoT
2.3.2 NB-IoT and LTE-M
2.3.3 The role of cellular networks in smart meter communications
2.3.4 LoRa & LoRaWAN
2.3.5 Sigfox
2.4 IEEE 802.15.4-based RF
2.4.1 IEEE 802.15.4
2.4.2 Wi-SUN
2.4.3 Proprietary IPv6 connectivity stacks based on 802.15.4

3 Smart metering industry players
3.1 Meter vendors
3.1.1 Itron
3.1.2 Landis+Gyr
3.1.3 Honeywell
3.1.4 Aichi Tokei Denki
3.1.5 Allied Engineering Works
3.1.6 CHINT Instrument & Meter
3.1.7 Clou Electronics
3.1.8 Dongfang Wisdom Electric
3.1.9 EDMI (Osaki Electric)
3.1.10 Fuji Electric
3.1.11 Genus Power Infrastructures
3.1.12 GoldCard Smart Group
3.1.13 Hexing Electrical
3.1.14 HPL Electric & Power
3.1.15 Holley Technology
3.1.16 Iljin Electric
3.1.17 Innover Technology
3.1.18 ITI Limited
3.1.19 Kaifa Technology
3.1.20 Linyang Energy
3.1.21 Londian Wason Electrics
3.1.22 LS Electric
3.1.23 Mitsubishi Electric
3.1.24 NamJun
3.1.25 Omni System
3.1.26 Osaki Electric
3.1.27 PSTEC
3.1.28 Sanxing Electric
3.1.29 Schneider Electric
3.1.30 Secure Meters
3.1.31 Star Instrument
3.1.32 Suntront Technology
3.1.33 Toshiba Toko Meter Systems
3.1.34 TOYOKEIKI
3.1.35 Wasion
3.1.36 Viewshine
3.1.37 XJ Electric
3.1.38 ZenMeter (Enzen)
3.1.39 ZENNER Metering Technology
3.2 Communications technology and connectivity service providers
3.2.1 CyanConnode
3.2.2 Fujitsu
3.2.3 Genesis Gas Solutions
3.2.4 KDDI
3.2.5 NuriFlex
3.2.6 Telstra
3.2.7 Trilliant
3.2.8 UnaBiz
3.2.9 Wirepas
3.2.10 Vodafone
3.2.11 Chinese & Korean PLC communications technology providers
3.3 Software providers and system integrators
3.3.1 Accenture
3.3.2 EDF
3.3.3 Fluentgrid
3.3.4 Hansen Technologies
3.3.5 Larsen & Toubro
3.3.6 Oculin Tech
3.3.7 Oracle
3.3.8 SAP
3.3.9 Siemens

4 Market profiles
4.1 Regional summary
4.2 China
4.2.1 Electricity and gas utility industry structure
4.2.2 Smart grid policies and initiatives
4.2.3 Smart meter rollouts
4.3 Japan
4.3.1 Electricity and gas utility industry structure
4.3.2 Smart grid and metering initiatives
4.4 South Korea
4.4.1 Electricity and gas utility industry structure
4.4.2 Smart grid and metering initiatives
4.5 Bangladesh
4.5.1 Electricity and gas utility industry structure
4.5.2 Smart grid and metering initiatives
4.6 India
4.6.1 Electricity utility industry structure
4.6.2 Smart grid policies and initiatives
4.6.3 Government-funded projects and schemes
4.6.4 Private sector initiatives
4.6.5 Gas utility industry structure & smart metering initiatives
4.7 Indonesia
4.7.1 Electricity and gas utility industry structure
4.7.2 Smart grid and metering initiatives
4.8 Philippines
4.8.1 Electricity utility industry structure
4.8.2 Smart grid and metering initiatives
4.9 Thailand
4.9.1 Electricity utility industry structure
4.9.2 Smart grid and metering initiatives
4.10 Vietnam
4.10.1 Electricity utility industry structure
4.10.2 Smart grid and metering initiatives
4.11 Australia
4.11.1 Electricity and gas utility industry structure
4.11.2 Early smart meter rollouts and demonstration projects
4.11.3 Market reforms and transition to market-driven smart meter rollouts
4.12 New Zealand
4.12.1 Electricity industry structure
4.12.2 Industry driven rollout of smart meters

5 Market analysis
5.1 Smart electricity metering
5.1.1 Market forecasts
5.1.2 Technology trends
5.1.3 Industry analysis
5.2 Smart gas metering

6 Case studies
6.1 EESL and IntelliSmart
6.2 EVNCPC
6.3 Intellihub
6.4 Korea Electric Power Corporation
6.5 State Grid Corporation of China
6.6 Tokyo Electric Power Company
6.7 Vector
6.8 Western Power

Glossary

Executive Summary

Asia-Pacific soon to be home to 1 billion smart meters

Smart metering is widely regarded as the cornerstone for future smart grids and is currently being deployed all over the developed world, with a growing number of large-scale initiatives now also being launched in developing countries. Asia-Pacific constitutes the world’s largest metering market by far with around 1.6 billion electricity and gas customers - more than North America and Europe combined. Annual demand for electricity meters in the region is in the range of 110-190 million units, of which China accounts for the majority. The region saw a wave of massive smart metering projects being launched during the first half of the past decade and several utilities in the region are now preparing for rollouts of second-generation meters to take off, driven by new smart meter functionalities and smart energy use cases. Other markets in South and Southeast Asia are on the other hand just beginning their smart metering journeys, following in the footsteps of the leading markets in East Asia.

The publisher forecasts that the installed base of smart electricity meters in Asia-Pacific - defined as China, Japan, South Korea, Bangladesh, India, Indonesia, the Philippines, Thailand, Vietnam, Australia and New Zealand - will grow at a compound annual growth rate (CAGR) of 6.2 percent throughout the forecast period, from 757.7 million in 2021 to 1.1 billion in 2027. Shipments will to a large extent be driven by first-wave installations in India as well as by replacements of first-generation meters in China and Japan, while emerging markets in South and Southeast Asia will contribute with increasingly large volumes throughout the forecast period. In total, the publisher forecasts that more than 0.9 billion smart electricity meters will be shipped in Asia Pacific during 2021-2027. The installed base of smart gas metering endpoints in Asia-Pacific is at the same time expected to grow at a CAGR of 19.2 percent throughout the forecast period, from 124.5 million in 2021 to 357.1 million in 2027. China accounts for the vast majority of the market, both in terms of installed base and annual shipment volumes, although emerging markets are expected to account for a significant increase in annual shipments throughout the forecast period.

East Asia - defined as China, Japan and South Korea - has led the adoption of smart metering technology in Asia-Pacific with ambitious national rollouts and today accounts for more than 95 percent of the installed base of smart electricity meters in the region. The rollout of smart electricity meters in China is now complete while Japan and South Korea are expected to reach full coverage in the coming few years. In China and Japan, replacements of first-generation smart meters have already begun and will dominate shipment volumes in the region in the coming years. East Asia also constitutes the leading adopter of smart gas metering technology in Asia-Pacific, accounting for nearly all installed devices and forecasted shipment volumes in the coming years. South Asia - defined as India and Bangladesh - will constitute the fastest growing smart electricity metering market in Asia-Pacific throughout the forecast period with ambitious governmental initiatives now in place in both India and Bangladesh. The former has for example set a highly ambitious target of reaching 250 million installed smart prepayment meters by 2026. Southeast Asia - defined as Thailand, Vietnam, Indonesia and the Philippines - on the other hand constitutes the most nascent smart metering market in Asia-Pacific. The main utilities in Indonesia and Thailand are now at the very beginning of their large-scale smart metering implementation plans while the leading utilities in the Philippines have similar ambitions. In Vietnam, the national utility has rolled out basic remote metering technologies for years with a vision to eventually transition to more advanced technologies. Australasia - defined as Australia and New Zealand - is characterised by a market-driven and retailer-led approach to smart metering. Nearly half of all smart meters in Australia are now smart while New Zealand has reached a natural saturation of around 90 percent with second-generation installations now about to take off.

The markets in Asia-Pacific are largely dominated by local or regional players and only a few companies such as Landis+Gyr, Itron, EDMI (Osaki Electric) and Trilliant have managed to establish a notable presence in multiple markets across the region. In terms of smart meter communications, domestic PLC technologies dominate the electricity markets in China and South Korea while RF mesh is the main option in Japan. Cellular communications has meanwhile emerged as the dominant technology in Australasia as well as the leading option in India, where RF mesh also has a significant market share. The LPWA technologies NB-IoT, LTE-M, LoRa and Sigfox have at the same time emerged as the favoured options for smart gas metering projects across Asia-Pacific, although major regional differences can be seen.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Accenture
  • Aichi Tokei Denki
  • Allied Engineering Works
  • Chinese & Korean PLC
  • CHINT Instrument & Meter
  • Clou Electronics
  • CyanConnode
  • Dongfang Wisdom Electric
  • EDF
  • EDMI (Osaki Electric)
  • Fluentgrid
  • Fuji Electric
  • Fujitsu
  • Genesis Gas Solutions
  • Genus Power Infrastructures
  • GoldCard Smart Group
  • Hansen Technologies
  • Hexing Electrical
  • Holley Technology
  • Honeywell
  • HPL Electric & Power
  • Iljin Electric
  • Innover Technology
  • ITI Limited
  • Itron
  • Kaifa Technology
  • KDDI
  • Landis+Gyr
  • Larsen & Toubro
  • Linyang Energy
  • Londian Wason Electrics
  • LS Electric
  • Mitsubishi Electric
  • NamJun
  • NuriFlex
  • Oculin Tech
  • Omni System
  • Oracle
  • Osaki Electric
  • PSTEC
  • Sanxing Electric
  • SAP
  • Schneider Electric
  • Secure Meters
  • Siemens
  • Star Instrument
  • Suntront Technology
  • Telstra
  • Toshiba Toko Meter Systems
  • TOYOKEIKI
  • Trilliant
  • UnaBiz
  • Viewshine
  • Vodafone
  • Wasion
  • Wirepas
  • XJ Electric
  • ZenMeter (Enzen)
  • ZENNER Metering Technology

Methodology

The Internet of Things is very diverse. There are hundreds of different use cases, each with different dynamics. The starting point is to segment the market.

The analyst begins with a number of sectors: Automotive, Cities, Health, Industry, Home, Industrial, Energy, Retail and Consumer Electronics. Each of these sectors breaks down into a number of applications. In total across all sectors, the analyst examines around 150 separate applications. It is at this application level that they generate their IoT forecast. The analyst builds reliable data bottom-up. They take into consideration the current adoption rate, regulations, demographics, vertical-specific statistics, value chain structure, etc.

The rigorous data collection methods are based on first-hand and secondary sources. The analyst conducts many hundreds of executive interviews on a yearly basis with companies from all parts of the IoT value chain. They talk to on a regular basis all major mobile operator groups and regulators as well as the chipset, module, and terminal vendors. They also interview many companies in each of the vertical markets.

 

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