Japan Smart Meter Market Overview, 2027

" The implementation of smart meters in Japan has revolutionized the way electricity consumption is measured and managed. Smart meters, also known as advanced metering infrastructure (AMI), are digital devices that enable two-way communication between consumers and utility companies. These innovative devices have gained significant popularity in Japan due to their numerous benefits and capabilities. Smart meters provide real-time information on energy consumption, allowing consumers to monitor and manage their electricity usage more effectively. The meters transmit this data wirelessly to utility companies, eliminating the need for manual meter reading and streamlining billing processes. With the integration of smart meters into the electricity grid, utilities can also remotely control and optimize energy distribution, improving overall system efficiency. Moreover, smart meters empower consumers by providing them with access to detailed energy data, encouraging energy conservation and promoting a more sustainable and eco-friendly lifestyle. The deployment of smart meters in Japan aligns with the country's commitment to achieving energy efficiency goals, reducing carbon emissions, and creating a more intelligent and resilient energy infrastructure. Smart meters are superior to traditional meters because they eliminate estimated billings and display real-time usage readings. A smart meter measures the electric current flow and voltage at regular time intervals to calculate the power used in 15 or 30 minutes. Similarly, water and gas usage are also effectively monitored. Further, with the advent of AMI meters, switching suppliers has become easy.

According to the report titled ""Japan Smart Meter Outlook, 2027"", published by Bonafide Research, the Smart Meter market is to grow rapidly over the forecast period in country. Japan has a strong focus on energy conservation and efficiency. Smart meters provide real-time data on energy consumption, enabling consumers to monitor their usage patterns and make informed decisions about energy efficiency. The availability of detailed information empowers consumers to adjust their energy consumption habits and reduce wastage, leading to energy conservation and cost savings. Smart meters support demand response programs, which incentivize consumers to adjust their electricity usage during peak demand periods. By providing real-time energy consumption data, smart meters enable utilities to implement time-of-use pricing and encourage consumers to shift their electricity consumption to off-peak hours, reducing strain on the grid and minimizing the need for additional power generation. The deployment of smart meters is a crucial aspect of grid modernization initiatives in Japan. Smart meters facilitate two-way communication between consumers and utilities, allowing for real-time monitoring, remote meter reading, and advanced grid management capabilities. This modernization enhances grid reliability, responsiveness, and resiliency.

Japan is witnessing a continued deployment of advanced metering infrastructure, which includes residential smart meters. Utilities are actively replacing traditional electromechanical meters with smart meters to enhance metering accuracy, data collection, and communication capabilities. Time-of-Use pricing, coupled with demand response programs, is gaining traction in Japan's residential smart meter sector. Utilities are implementing dynamic pricing structures that encourage consumers to shift their energy consumption to off-peak hours. Smart meters enable accurate measurement and tracking of electricity usage during different time periods, empowering consumers to adjust their consumption patterns and save on energy costs. Residential smart meters are being installed on a large scale around the Japan through government programmes and initiatives. Public-private partnerships are ideal for fast installation processes to be achieved in the country. Home automation is on the rise, and when coupled with a smart meter, it can prove to be a bill saver for the consumer. Smart meters are two-way communication devices with the power grid, creating potential efficiencies and cost savings for both consumers and energy providers.

Consumers are increasingly adopting smart meters as they can easily track their energy usage, water usage, or gas usage in real time. These can save on water wastage, electricity overuse, or detect gas leaks quickly. Also, power outages are quickly reported to the utility providers, and a faster resolution time can be achieved. The smart meters regularly display energy billings to both suppliers and users. Varied communication technologies are used, such as LAN or WAN. The meters are also capable of monitoring their efficient performance by reporting any internal memory problems or if the terminal covers are removed to the supplier to take corresponding action to resolve it. The restraints on the smart meter vary from customer to customer as they face different problems. Some meters caught fire due to faulty meter panels being installed. However, out of millions of smart meters installed, only a few cases have been registered for a fire outbreak on the property. Consumers are also weary of the amount of radiation projected through these smart meters that may lead to memory loss, dizziness, headaches, or even cancer. Commercial installations of smart meters are increasing rapidly, with the construction industry booming with new complexes and buildings. Smart commercial spaces are also further creating demand for smart meters. Since commercial places are spread wide and on a number of floors, it is hard to monitor energy that is used unnecessarily and to effectively monitor this, a smart electric meter is required. These are a better way to monitor business energy usage in real time. Businesses can get lower bills as they get more accurate billings and no estimations. However, not every business is yet eligible for a smart meter due to a poor signal network or existing meters that do not allow for replacement with new technology meters.

COVID-19's Impact on the Solid-State Drive Market:



The COVID-19 pandemic slowed the implementation processes for smart meters due to the imposed lockdowns in almost all major countries. They are not covered under essential products. This adversely affected the smart meters owing to less focus on the development of the end users' industry. Apart from this, manufacturing and supply chain delays were also witnessed, which put a challenge to the smart meters. Governments had to shift focus on consumer health rather than non-essential services, and projects had to be halted or postponed to a later period. Also, infrastructure development came to a standstill as construction activities were stopped.

Considered in this report

Geography: Japan
Historic Year: 2016
Base year: 2021
Estimated year: 2022
Forecast year: 2027

Aspects covered in this report

Japan Smart Meter market with its value and forecast along with its segments
Various drivers and challenges
On-going trends and developments
Top profiled companies
Strategic recommendation

By Type of Smart Meter in the report:

Electricity Meter
Gas Meter
Water Meter

By End User of Solid-State Drive in the report:

Residential
Industrial
Commercial

By Technology in the report:

Automotive Meter Reading
Advanced Metering infrastructure

By Component in the report:
Hardware
Software & Services

By Phase in the report:

Single Phase
Three Phase

By Communication Type in the report:

Cellular Technology
Radio Frequency
Power Line communication
Other Communication Types

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry manufactures, consultants, Key vendors related to Smart meter & Utility providers etc. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Please get in touch with our sales team to find out more.


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