Demand for electric sub-Meter in Japan is expected to be US$ 12.9 million in 2024. The demand in 2023 was marked at US$ 12.2 million. The sale of electric sub-Meter is projected to continue at a promising pace from 2024 to 2034, with a CAGR of 6.2%. By 2034, the sale of electric sub-Meter in Japan is forecasted to reach US$ 23.5 million.
Key Insights for Electric Sub-Meter in Japan
| Attributes | Details |
|---|---|
| Industry Size for Japan in 2024 | US$ 12.9 million |
| Expected Industry Size for Japan in 2034 | US$ 23.5 million |
| Forecasted CAGR between 2024 to 2034 | 6.2% |
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Smart electric sub-Meter has taken the lead in Japan during the historical period. For 2024, smart sub-Meters are expected to account for 57.9% of the industry share by product.
Technology is permeating all walks of life for people in Japan. Thus, they are not averse to the development of smart devices. Japan’s industrial and consumer sectors are discarding traditional sub-Meters in favor of smart ones due to the benefits provided, such as web-based machine reading and better monitoring.
| Demand for Electric Sub-Meter in Japan Based on Product | Smart Sub-Meter |
|---|---|
| Industry Share in 2024 | 57.9% |
Single-phase sub-Meters dominate the industry in Japan as of 2023. For 2024, single-phase sub-Meters are expected to contribute to an overwhelming 81.7% of the industry share.
Single-phase electric sub-Meter is generally preferred for domestic use. They provide a straightforward way of dealing with electric sub-Meter, requiring fewer wires and often incurring comparatively lower installation costs. Thus, single-phase electric sub-Meter is the norm in Japan.
| Demand for Electric Sub-Meter in Japan Based on Phase | Single Phase |
|---|---|
| Industry Share in 2024 | 81.7% |
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Electric sub-Meter manufacturers are focused on introducing technology that further reduces the burden on consumers. Electric sub-Meter for green energy is also common in Japan, and thus, collaborations are sought with green energy companies.
Government initiatives in Japan have aimed to clamp down on electricity wastage. Electric sub-Meter is one way through which this objective is being achieved. Thus, industry players are thriving due to the encouragement from the public sector.
Recent Developments Observed in Electric Sub-Meter in Japan
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | US$ 12.9 million |
| Projected Industry Size by 2034 | US$ 23.5 million |
| Anticipated CAGR between 2024 to 2034 | 6.2% CAGR |
| Historical Analysis of Demand for Electric Sub-Meter in Japan | 2019 to 2023 |
| Demand Forecast for Electric Sub-Meter in Japan | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Key Insights for Electric Sub-Meter in Japan, Insights on Global Players and Leading Industry Strategy in Japan, Ecosystem Analysis of Local and Regional Japan Providers |
| Key Companies Profiled | Tokyo Electric Power Company Holdings, Inc.; Chubu Electric Power Company, Inc.; Kansai Electric Power Company, Inc.; Hokkaido Electric Power Company, Inc.; Tohoku Electric Power Company, Inc.; Kyushu Electric Power Company, Inc.; Electric Power Development Co., Ltd.; JERA Co., Inc.; Osaka Gas Co., Ltd.; Tokyo Gas Co., Ltd.; Shimadzu Corporation; Hioki & Co., Ltd.; Yokogawa Electric Corporation; Megger Group Limited; Fluke Corporation; Eaton Corporation; Siemens AG; ABB Ltd; Schneider Electric SE; Honeywell International Inc.; RTM subMeters; Hioki 3190-02; Yokogawa PX3; Megger DET 14C; Fluke 337C; Eaton PM8000; Siemens S700; ABB EM6400; Schneider Electric PowerPact P4; Honeywell Power Xpert 300 |
| Key Cities Profiled | Kanto, Chubu, Kinki, Kyushu & Okinawa, Tohoku, Rest of Japan |
The industry size of electric sub-Meter in Japan is estimated to be US$ 12.9 million in 2024.
Electric Sub-Meter industry is expected to develop at a modest CAGR of 6.2% from 2024 to 2034 in Japan.
The industry size for electric sub-Meter is forecasted to reach US$ 23.5 million in Japan by 2034.
Smart electric sub-Meter is the most common product type in Japan, with an expected industry share of 57.9% in 2024.
Increasing electricity consumption and technological advancements are some of the growth factors driving demand for electric sub-Meter in Japan.
1. Executive Summary
1.1. Japan Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Japan Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Japan Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Product, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Product, 2024 to 2034
5.3.1. Socket Type/Electromechanical Sub-Meters
5.3.1.1. Feed-through Sub-Meters
5.3.1.2. Current Transformers
5.3.2. Non-socket /Electronic Sub-Meters
5.3.3. Smart Sub-Meters
5.4. Y-o-Y Growth Trend Analysis By Product, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product, 2024 to 2034
6. Japan Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Phase
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Phase, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Phase, 2024 to 2034
6.3.1. Single Phase
6.3.2. Three Phase
6.4. Y-o-Y Growth Trend Analysis By Phase, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Phase, 2024 to 2034
7. Japan Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Application, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Application, 2024 to 2034
7.3.1. Commercial Establishments
7.3.1.1. Large Retail Stores
7.3.1.2. Data Centers
7.3.1.3. Others
7.3.2. Residential Sector
7.3.3. Industrial Sector
7.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
8. Japan Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Region, 2024 to 2034
8.3.1. Kanto
8.3.2. Chubu
8.3.3. Kinki
8.3.4. Kyushu & Okinawa
8.3.5. Tohoku
8.3.6. Rest of Japan
8.4. Market Attractiveness Analysis By Region
9. Kanto Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
9.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Product
9.2.2. By Phase
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Product
9.3.2. By Phase
9.3.3. By Application
9.4. Key Takeaways
10. Chubu Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
10.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Product
10.2.2. By Phase
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Product
10.3.2. By Phase
10.3.3. By Application
10.4. Key Takeaways
11. Kinki Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
11.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Product
11.2.2. By Phase
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Product
11.3.2. By Phase
11.3.3. By Application
11.4. Key Takeaways
12. Kyushu & Okinawa Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
12.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Product
12.2.2. By Phase
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Product
12.3.2. By Phase
12.3.3. By Application
12.4. Key Takeaways
13. Tohoku Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
13.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Product
13.2.2. By Phase
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Product
13.3.2. By Phase
13.3.3. By Application
13.4. Key Takeaways
14. Rest of Japan Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
14.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Product
14.2.2. By Phase
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Product
14.3.2. By Phase
14.3.3. By Application
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Product
15.3.3. By Phase
15.3.4. By Application
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Osaki Electric Co. Ltd
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Mitsubishi Electric Corporation
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. TSUDA ELECTRIC METERS
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Itron Inc.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Schneider Electric
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. General Electric
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Siemens AG
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Xylem Inc.
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Bentec Electricals & Electronics Pvt. Ltd.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Genus Power Infrastructures Ltd.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Electric Sub-Meter Industry Analysis in Japan
