Thailand Smart Electric Meter Market (2024-2030) Outlook | Value, Industry, Size, Revenue, Forecast, Share, Trends, Companies, Growth & Analysis

Market Forecast By Phase (Single, Three), By Communication Technology Type (Power Line Communication (PLC), Radio Frequency (RF), Cellular), By End-Users (Industrial, Commercial, Residential) And Competitive Landscape
Product Code: ETC369325 Publication Date: Aug 2022 Updated Date: May 2024 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Thailand Smart Electric Meter Market Competition 2023

Thailand Smart Electric Meter market currently, in 2023, has witnessed an HHI of 7014, Which has increased slightly as compared to the HHI of 6338 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

  • Thailand Smart Electric Meter Market HHI Index Trend of Exporting Countries

Monopoly
Modrate Competion
Highly Fragmented
Source: 6Wresearch
Note: HHI Index which is also known as Herfindahl Hirschman index measures the competition in the country where HHI less than 1500 means highly competitve; 1500-2500 means moderately competitive; 2500-6000 means concentrated and more than 6000 means highlighy concentrated

Thailand Export Potential Assessment For Smart Electric Meter Market (Values in USD Thousand)


Source: 6Wresearch
Note: Export potential is calculated by considering trade relations, duties, distance, tariffs, total import demand, GDP growth projection from IMF World Economic Outlook

For Thailand Exporters of Smart Electric Meter , USA seems to be the most attractive market (in 2028) in terms of export potential followed by Myanmar, Australia, Indonesia and Singapore. Also USA offers high import demand potential for other countries as well in 2028.

Thailand Smart Electric Meter Market Synopsis

The Thailand smart electric meter market is evolving rapidly as the country modernizes its energy infrastructure and promotes energy efficiency. Smart electric meters are essential components of advanced metering infrastructure (AMI) systems that enable real-time monitoring and management of electricity consumption. The market growth is fueled by government initiatives to reduce energy wastage, improve grid reliability, and empower consumers with real-time usage data. Utility companies are increasingly replacing traditional meters with smart meters to streamline billing, detect power theft, and optimize electricity distribution. Additionally, the growing adoption of renewable energy sources, such as solar power, is driving the need for accurate and responsive metering solutions. The Thailand smart electric meter market is poised for continued expansion as the country strives to achieve its energy sustainability goals.

Drivers of the Market

The Thailand smart electric meter market is experiencing substantial growth due to several driving forces. Smart meters are integral to modernizing the energy grid and improving energy efficiency. Government initiatives to promote smart grid deployment and reduce energy wastage are key drivers. Consumers are increasingly interested in monitoring and managing their energy consumption, and smart meters enable real-time data access and control. Moreover, the integration of renewable energy sources into the power grid necessitates smart metering for accurate billing and grid stability. The push for sustainable and environmentally friendly energy solutions further supports the adoption of smart electric meters in Thailand.

Challenges of the Market

Challenges in the Thailand smart electric meter market include the need for widespread adoption of smart grid infrastructure, which requires significant investments in both technology and regulatory frameworks. Ensuring data security and privacy for consumers is a top concern. Balancing the benefits of energy efficiency and real-time monitoring with the costs of implementing and maintaining smart meters poses an ongoing challenge.

COVID-19 Impact on the Market

The COVID-19 pandemic had a limited impact on the Thailand smart electric meter market. The demand for electricity continued unabated, and utilities recognized the value of remote metering and monitoring during the crisis. However, supply chain disruptions affected the timely deployment of smart meters. With a growing emphasis on energy conservation and efficiency, the smart electric meter market is expected to continue its growth trajectory in the post-pandemic period as utilities invest in modernizing their infrastructure.

Key Players in the Market

In the Thailand smart electric meter market, companies such as Landis+Gyr, Itron, and Elster (now part of Honeywell) are at the forefront. They offer advanced metering solutions that enable efficient energy management and consumption monitoring, aligning with the country`s efforts to modernize its energy infrastructure and promote sustainable practices.

Key Highlights of the Report:

  • Thailand Smart Electric Meter Market Outlook
  • Market Size of Thailand Smart Electric Meter Market, 2023
  • Forecast of Thailand Smart Electric Meter Market, 2030
  • Historical Data and Forecast of Thailand Smart Electric Meter Revenues & Volume for the Period 2020-2030
  • Thailand Smart Electric Meter Market Trend Evolution
  • Thailand Smart Electric Meter Market Drivers and Challenges
  • Thailand Smart Electric Meter Price Trends
  • Thailand Smart Electric Meter Porter's Five Forces
  • Thailand Smart Electric Meter Industry Life Cycle
  • Historical Data and Forecast of Thailand Smart Electric Meter Market Revenues & Volume By Phase for the Period 2020-2030
  • Historical Data and Forecast of Thailand Smart Electric Meter Market Revenues & Volume By Single for the Period 2020-2030
  • Historical Data and Forecast of Thailand Smart Electric Meter Market Revenues & Volume By Three for the Period 2020-2030
  • Historical Data and Forecast of Thailand Smart Electric Meter Market Revenues & Volume By Communication Technology Type for the Period 2020-2030
  • Historical Data and Forecast of Thailand Smart Electric Meter Market Revenues & Volume By Power Line Communication (PLC) for the Period 2020-2030
  • Historical Data and Forecast of Thailand Smart Electric Meter Market Revenues & Volume By Radio Frequency (RF) for the Period 2020-2030
  • Historical Data and Forecast of Thailand Smart Electric Meter Market Revenues & Volume By Cellular for the Period 2020-2030
  • Historical Data and Forecast of Thailand Smart Electric Meter Market Revenues & Volume By End-Users for the Period 2020-2030
  • Historical Data and Forecast of Thailand Smart Electric Meter Market Revenues & Volume By Industrial for the Period 2020-2030
  • Historical Data and Forecast of Thailand Smart Electric Meter Market Revenues & Volume By Commercial for the Period 2020-2030
  • Historical Data and Forecast of Thailand Smart Electric Meter Market Revenues & Volume By Residential for the Period 2020-2030
  • Thailand Smart Electric Meter Import Export Trade Statistics
  • Market Opportunity Assessment By Phase
  • Market Opportunity Assessment By Communication Technology Type
  • Market Opportunity Assessment By End-Users
  • Thailand Smart Electric Meter Top Companies Market Share
  • Thailand Smart Electric Meter Competitive Benchmarking By Technical and Operational Parameters
  • Thailand Smart Electric Meter Company Profiles
  • Thailand Smart Electric Meter Key Strategic Recommendations
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