Demand Forecast for Electric Sub-Meter in Japan, by Single Phase and Three Phase, 2024 to 2034
Surging Electricity Consumption Drives High Demand for Innovative Electric Sub-Meter in Japan, Prompting a Paradigm Shift in Energy Management Solutions across the Country
An In-depth Analysis of Electric Sub-Meter in Japan from (2024 to 2034)
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
After a dip in the 2010s decade, electric consumption is on the rise again in Japan. The increasing amount of electricity being consumed necessitates the use of electric sub-Meter to track consumption.
The progress of Japan’s economy has led to growth in the construction of both residential and commercial buildings. The rising number of buildings requires the installation of more electric sub-Meter.
Electric sub-Meter is becoming more advanced in line with technological innovations in other electric devices. Capabilities like Wi-Fi connection and compatibility with devices such as Alexa are making electric sub-Meter more sophisticated.
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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Key Trends Shaping the Demand for Electric Sub-Meter in Japan
People and organizations in Japan are aware of the importance of energy conservation. Thus, electric sub-Meter are being sought in Japan to keep tabs on electricity consumption.
As individuals get busier in Japan, time-saving solutions are sought in the country. Advancements like wireless electric sub-Meter are thus becoming popular in the country, cutting the time and energy required for installation.
For commercial buildings, electric sub-Meter play a key role in cost reduction. Electric sub-Meter are helping commercial spaces all around Japan to regulate electricity consumption and make savings in overheads.
While technologically advanced electric sub-Meter provide a number of benefits, there are also concerns associated. Data security and the bridging of firewalls to steal sensitive information are two concerns in Japan regarding technologically advanced electric sub-Meter. Thus, industry players are having trouble selling top-of-the-line electric sub-Meter in Japan.
The eco-friendly nature of Japan people is helping green energy to penetrate further into the country. The government of Japan has lofty aims regarding the ideal percentage of devices powered by green energy in the coming years. Electric sub-Meter are helping green-energy-powered electricity proliferate further.
Comparative View of Electric Sub-Meter in Key Markets
Two regions other than Japan, namely Korea and Western Europe, are studied for electric sub-Meter. Trends and challenges related to the sale of electric sub-Meter are provided for all three regions. It can be seen that the pace of progress in Japan for electric sub-Meter is forecasted to be faster than both Korea and Western Europe.
Demand for Electric Sub-Meter in Japan:
Attributes
Demand for Electric Sub-Meter in Japan
CAGR (2024 to 2034)
6.2%
Valuation (2024)
US$ 12.9 million
Key Trend
Wireless electric sub-Meter is rising in popularity
Key Challenge
Power concerns over technologically-advanced electric sub-Meter
Demand for Electric Sub-Meter in Korea:
Attributes
Demand for Electric Sub-Meter in Korea
CAGR (2024 to 2034)
5.5%
Valuation (2024)
US$ 17.4 million
Key Trend
Rise in construction of commercial buildings
Key Challenge
Reluctance regarding cost associated with installation
Demand for Electric Sub-Meter in Western Europe:
Attributes
Demand for Electric Sub-Meter in Western Europe
CAGR (2024 to 2034)
5.6%
Valuation (2024)
US$ 3,722.00 million
Key Trend
Technologically advanced Meters with capabilities like Wi-Fi connection
Key Challenge
Compatibility with other energy management sources is a concern
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Category-wise Insights
Technologically-advanced People in Japan Rapidly Turning to Electric Sub-Meter
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%
End Users in Japan Still Prefer Single Phase Sub-Meters
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%
Competitive Landscape
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
In October 2023, Japan eased restrictions on use of electricity data in the corporate sector. Thus, data collected by smart Meters can now be used by companies in the country.
In September 2023, local player Chubu Electric Power announced it has bought a stake in NuScale Power, previously held by Japan Bank for International Cooperation. The American company specializes in nuclear power.
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Some of the Key Players Offering Electric Sub-Meter in Japan
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 3000
Scope of the Report
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
Key Segments
By Product:
Socket Type/Electromechanical Sub-Meters
Feed-through Sub-Meters
Current Transformers
Non-socket /Electronic Sub-Meters
Smart Sub-Meters
By Phase:
Single Phase
Three Phase
By Application:
Commercial Establishments
Large Retail Stores
Data Centers
Others
Residential Sector
Industrial Sector
By City:
Kanto
Chubu
Kinki
Kyushu & Okinawa
Tohoku
Rest of Japan
Frequently Asked Questions
What is the Industry Size of Electric Sub-Meter in Japan?
The industry size of electric sub-Meter in Japan is estimated to be US$ 12.9 million in 2024.
At What Rate is Electric Sub-Meter Industry Growing in Japan?
Electric Sub-Meter industry is expected to develop at a modest CAGR of 6.2% from 2024 to 2034 in Japan.
What Will the Industry Size of Electric Sub-Meter in Japan be by 2034?
The industry size for electric sub-Meter is forecasted to reach US$ 23.5 million in Japan by 2034.
What is the Most Common Product Type of Electric Sub-Meter in Japan?
Smart electric sub-Meter is the most common product type in Japan, with an expected industry share of 57.9% in 2024.
What are the Growth Factors of Electric Sub-Meter in Japan?
Increasing electricity consumption and technological advancements are some of the growth factors driving demand for electric sub-Meter in Japan.
Table of Content
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 Used18. Research Methodology
