Japan Smart Meter Market

Japan Smart Meter Market Size Report – In a Glance

As per the survey report on Japan smart meter market, the market is expected to foresee a CAGR value of 8.1% during 2025-2035, and further generate a market size of USD 2.9 billion by the end of 2035. In 2025, the market size was value at USD 1.3 billion revenue.

• The Japan smart meter market’s growth is driven by increasing energy consumption.
• KDMI analyst’s growth analysis foresees geographic and infrastructural challenges as the restraint for Japan smart meter market.

Japan Smart Meter Market Analysis

A smart meter is an essential part of electricity grid system, installed to monitor consumption and efficiency of electricity flow. This system allows consumers to monitor their consumption level impacting electricity bills and helps to control consumption effectively by installing such smart system in homes and offices. Due to growing demand for sustainable products, this smart meter is better option. The market growth is driven by increasing energy consumption and demand for sustainable solutions to monitor consumption level. The growing consumption of electricity emphasis consumers to opt smart meter to get real-time data of electricity consumption and control it. Currently, the electricity consumption per person is 8256 kWh, which is showing the growing consumption rate, requiring smart meter to monitor consumption. Hitachi Ltd, Mitsubishi Electric Corporation, and Fujitsu Limited are some of the significant participants in the Japan smart meter market.

Japan Smart Meter Market Growth Drivers and Restraints

Growth Drivers

• Government Initiatives – The Japanese government in focusing on the complete rollout of smart meter in every household to manage electricity consumption, contributing to the growth of Japan smart meter market. This initiative by government is to improve energy efficiency and contributes to sustainable solutions with the aim to reduce carbon footprints. The Japanese government allocated USD 155 billion to promote investments in smart power grids systems, aiming to improve country’s energy consumption and electricity efficiency. The government also give incentives and other financial benefits for installing smart meter and utilizing smart technologies. With the growing of government on building smart cities in the country, this smart meter system associates with the aim and help in improvising adoption of smart technologies.
• Advent of highly advanced services – The Japan smart meter market growth is driven by rising demand for highly advanced services in the nation and its associated benefits. The smart meter possesses properties of providing real-time energy monitoring, seamless integration with renewable energy sources, improved efficiency, and much more that makes it a better solution. The Japan’s strong foundation in developing smart infrastructure has benefitted almost every industry in the country and supportive government policies further expand the market growth.

Restraints

• Geographic and Infrastructural challenges – Despite the significant growth of Japan smart meter market, the major restraint is lies withing reach of smart technologies in rural areas. The geographic boundaries and lack of infrastructure in rural areas, challenges the integration of smart meter and adoption of smart technologies. The developmental issues and dispersed population make installation challenging and costly. The limited reach and connectivity lead to downfall of Japan smart meter market.

Japan Smart Meter Market Segmentation

Our experts at KD Market Insights have segmented the Japan smart meter market research report as:

Analyst’s Observation on Japan Smart Meter Market Recent Developments

Over the years, the experts at KD Market Insights have been observing the recent developments associated with Japan smart meter market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

The Ministry of Economy, Trade, and Industry have urged Japanese utilities to install smart meter in all households by 2025 with the aim to improve energy efficiency. The original deadline was for the year 2032, but it has been pulled forward to March 2025. Toshiba and Landis+Gyr utility was responsible for deploying 27 million smart meters.

Chugoku Electric Power has announced partnership with Sense to bring AMI 2.0 smart meter in the market with Sense-enabled high-resolution data and real-time networking to improve sensing, compute, and control system.

Japan Smart Meter Market Competitive Landscape

Some of the significant companies who top the Japan smart meter market share:

• Mitsubishi Electric Corporation
• Fujitsu Limited
• Hitachi Ltd
• Panasonic Corporation Limited
• Toshiba Corporation
• Tokyo Electric Power Company Holdings, Inc. (TEPCO)
• Kansai Electric Power Co., Inc. (KEPCO)
• Chubu Electric Power Grid Co., Inc.
• Smart Energy International
• NuriFlex Co., Ltd