region. Additionally increasing investments in smart grid, smart city & the gas pipeline networks
also fuelling the growth of the market. China remains the most prominent market in Asia Pacific
region. Strict government regulations in China, pushed the mass deployment of smart meters
over the recent years. Additionally, China is the key manufacturer of smart meters.
Market Research Analysis
Based on type, the market has been segmented into smart electricity meters, smart gas meters,
smart water meters. Electric meters dominates the type segment of the market. It is the most
widely consumed smart meters. Gas meters are expected to be the fastest growing segment
during the forecast period. Increasing investments in gas distribution infrastructure, are the key
factors driving the demand for gas meters. Additionally, increasing focus on advanced metering
infrastructure development in developed regions, are supporting the demand for smart gas
meters. On the basis of technology, market has been segmented into automatic meter reading
(AMR) and advanced metering infrastructure (AMI). AMR dominates the technology segment of
the market. AMR meters use one-way communication and primarily act as digital meter readers.
AMI is expected to be the fastest growing technology of the market. AMI meters can use two-
way communication to both transmit usage information and perform observation and
maintenance tasks.
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4569
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