Asia Pacific Smart Water Metering Market
Report ID: UCMIR45N2069
Asia Pacific Smart Water Metering Market Size, Share, Growth Analysis, By Application(Residential, Commercial, Utility), By Technology(AMI, AMR), By Product(Hot Water Meter, Cold Water Meter, The above information is provided for the following regions and countries:, China) - Industry Forecast 2025-2032
Report ID:
UCMIR45N2069 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
|Tables:
0
|Figures:
0
Asia Pacific Smart Water Metering Market Insights
Market Overview:
In 2022 was der Asia Pacific Smart Water Metering Market valued at USD 338.1 million, and by 2032 it is expected to grow at a CAGR of more than 30.9%. Because industries, particularly manufacturing, consume a lot of water, increasing industrial activities helps the studied market grow. In addition, the expansion of the ICT sector in the region has increased the adoption of smart technologies, which has created a favorable market scenario for the expansion of smart water meters in the region.
Asia Pacific Smart Water Metering Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Semiconductor Equipment by segment aggregation, the contribution of the Semiconductor Equipment in Semiconductors & Semiconductor Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Segmentation Analysis:
The Asia Pacific Smart Water Metering Market is segmented by Application, Technology, Product. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.
Asia Pacific Smart Water Metering Market Basis Point Share Analysis, 2021 Vs. 2028
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- Based on Application the market is segmented as, Residential, Commercial, Utility
- Based on Technology the market is segmented as, AMI, AMR
- Based on Product the market is segmented as, Hot Water Meter, Cold Water Meter, The above information is provided for the following regions and countries:, China, Japan, South Korea, India
Regional Analysis:
Asia Pacific Smart Water Metering Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.
Asia Pacific Smart Water Metering Market Attractiveness Analysis, By Region 2020-2028
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Asia Pacific Smart Water Metering Market : Risk Analysis
SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Asia Pacific Smart Water Metering Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Asia Pacific Smart Water Metering Market's supply chain, distribution, and total revenue growth.
Competitive landscaping:
To understand the competitive landscape, we are analyzing key Asia Pacific Smart Water Metering Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Asia Pacific Smart Water Metering Market.
To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.
Key Players Covered in the Report:
- c Smart Water Metering Industry Analysis
- Asia Pacific Smart Water Metering Market size was valued at USD 338.1 million in 2022 and is projected to grow at a CAGR of over 30.9% by 2032. The Asia Pacific region has seen a significant increase in the adoption of smart water metering systems. Governments and utility companies are increasingly recognizing the benefits of these systems in improving water management, reducing non-revenue water, and enhancing operational efficiency. Many countries in the Asia Pacific region face water scarcity issues, escalate the use of efficient water management solutions.
- Smart water metering refers to the use of advanced technology and connectivity to monitor, measure, and manage water consumption in a more accurate and efficient manner. Smart water meters are devices that replace traditional water meters and provide real-time data on water usage, flow rates, and other relevant parameters. Governments and regulatory bodies in the region are implementing policies and mandates to encourage the deployment of smart water metering systems. These initiatives aim to improve water resource management, enhance billing accuracy, and reduce water losses. Supportive regulations and incentives boost the Asia Pacific smart water metering market growth.
- Rapid urbanization and population growth in Asia Pacific cities have resulted in increased water demand and the need for improved water infrastructure. Smart water metering plays a crucial role in monitoring and managing water consumption in urban areas, ensuring efficient supply and distribution. The proliferation of the Internet of Things (IoT) and advancements in connectivity technologies impelled facilitated the deployment of smart water metering systems. Wireless communication networks and cloud-based data management platforms enable real-time monitoring, remote data collection, and analytics for effective water management.
- Asia Pacific Smart Water Metering Market Report Coverage
- Base Year: 2022
- Market Size in 2022: USD 338.1 Million
- Forecast Period: 2023 to 2032
- Forecast Period 2023 to 2032 CAGR: 30.9%
- 2032 Value Projection: USD 4.7 Billion
- Historical Data for: 2019 to 2022
- No. of Pages: 100
- Tables, Charts & Figures: 191
- Segments covered: Application, Technology, Product
- Growth Drivers:
- Non-revenue water (NRW) monitoring and control
- Accuracy & savings in billings
- Effective monitoring of consumption patterns
- Need for Smart Water Metering to Optimize Water Consumption- The optimized consumption of water is the need of the hour. Rising water demand follows population growth, economic development and growth, climate change, and changing consumption patterns which are the most prominent factors responsible for increased water stress across the globe. As per the US EPA, a typical household's leaks waste about 10,000 gallons of water per year, and 10% of households have leaks that waste over ninety gallons of water every single day. Fixing easily corrected water leaks (household can save homeowners about 10% on their water bills. Smart water metering helps utilities to collect consumption data automatically by improving efficiency and provides an opportunity to detect leaks and abnormal
- Government Initiatives for Smart Water Metering - Smart water meters' demand is increasing owing to government efforts and investments. For instance: In March 2022, in Australia, Optus Networks Australia received the contract for Advanced Metering Infrastructure (AMI) Smart Water Meter for the Toowoomba Regional Council (TRC) for the implementation of at most 68,000 smart water meters to deliver real-time water usage updates, accurate data, and early detection of leaks. Council TRC worked with OPTUS, lota, and GreenBe to create the logistics and processes needed to execute this technology.
- • Growing Awareness Towards Managing Issues Related to Water Scarcity - According to the UN Convention to Combat Desertification report in 2022, water, climate, and weather hazards have accounted for 50% of all disasters and impact 55 million people globally annually. The report also mentioned that 2.3 billion people face water stress every year. According to the Organization for Economic Co-operation and Development (OECD), more that 40% of the world's population lives in water-stressed areas, and water demand is predicted to rise by 55% over the next 30 years. Furthermore, according to the World Health Organization, an estimated 55 million people globally are affected by droughts annually.
- Pitfalls & Challenges:
- High initial investments and fragmented nature of the industry
- The upfront cost of implementing smart water metering systems can be a significant barrier, especially for smaller utilities or water service providers with limited budgets. The cost includes not only the meters themselves but also the necessary communication infrastructure, data management systems, and ongoing maintenance expenses. Cost considerations can slow down the adoption of smart water metering, particularly in regions with limited financial resources.
- The deployment of smart water metering systems may face challenges due to existing infrastructure limitations. In older buildings or areas with outdated water infrastructure, retrofitting or upgrading the infrastructure to support smart meters can be complex and costly. Lack of reliable communication networks or connectivity in remote or rural areas can also hinder the implementation of smart water metering. However, overcoming cost barriers, strengthening infrastructure, enhancing data security measures, and fostering consumer engagement are essential steps towards wider adoption and successful implementation of smart water metering.
- • High Cost of Smart Water Meter Installation - Total AMI procurement and installation costs for water that included the cost of the meter, and a range of non-meter fixed costs, such as data management systems and primarily communications equipment upgrades. Moreover, other non-hardware costs included software & licensing fees, installation labor, information technology testing, and project management.
- According to a recent analysis, the average smart water meter deployment cost ranges up to USD 180 per meter. However, the cost varies from project to project owing to the differences in meter, communications, data management, and other costs.
- • Lack of Accessibly to Communication Networks
- • Operational Issues Related to Smart Water Metering
- Impact of COVID-19 on Asia Pacific Smart Water Metering Market
- The pandemic has led to disruptions in supply chains, logistics, and workforce availability, which have slowed down the implementation and installation of smart water metering projects. Restrictions on movement and social distancing measures have affected on-site activities, including meter installations and infrastructure upgrades. Uncertainty caused by the pandemic has resulted in delayed decision-making by utilities and water management authorities. Many organizations have postponed investment decisions or reallocated resources to address immediate pandemic-related challenges, temporarily slowing down the adoption of smart water metering.
- The pandemic has underscored the importance of resilient water infrastructure. Governments and utilities in the Asia Pacific region are increasingly recognizing the need for advanced water management systems, including smart water metering, to enhance resilience and ensure reliable water supply during emergencies. This recognition may support future investments in smart water metering as part of broader water infrastructure resilience strategies.
- Asia Pacific Smart Water Metering Market Trends
- Many utilities and water management agencies across the Asia Pacific region are investing in modernizing their infrastructure and adopting digital technologies. Smart water metering is a key component of these initiatives, enabling data-driven decision-making, leak detection, and efficient customer service. The integration of data analytics and artificial intelligence (AI) technologies is gaining prominence in the smart water metering market. These technologies enable advanced data processing, anomaly detection, predictive maintenance, and optimization of water distribution systems. The deployment of smart water metering systems aligns with the broader smart city initiatives in the region.
- Smart water metering is interconnected with other urban infrastructure systems, such as smart grids, smart buildings, and smart transportation, to create integrated and sustainable urban ecosystems. Many countries in the Asia Pacific smart water metering market face water scarcity challenges due to population growth, urbanization, and climate change. Smart water metering enables efficient water resource management by providing accurate and real-time data on water consumption, enabling utilities and consumers to monitor and conserve water resources effectively. The need to upgrade and modernize water infrastructure is driving the adoption of smart water metering systems. Aging water infrastructure in many countries requires replacement or retrofitting with advanced technologies to enhance efficiency, accuracy, and sustainability in water management.
- Asia Pacific Smart Water Metering Application Segmentation
- Based on application, the Asia Pacific smart water metering market is segmented as residential, commercial, and utility. The sector reached USD 170 billion in 2022. The residential smart water metering market has experienced significant growth, propelled by increasing awareness of water conservation, advancements in technology, and regulatory support. Homeowners and property managers are recognizing the benefits of smart water metering in accurately monitoring and managing water consumption. Growing concerns about water scarcity and environmental sustainability have led to the implementation of water conservation initiatives by governments, utilities, and environmental organizations. Smart water metering systems provide homeowners with real-time data on water usage, enabling them to identify water wastage, detect leaks, and modify their consumption behavior to conserve water.
- Asia Pacific Smart Water Metering Technology Segmentation
- Based on technology, the Asia Pacific smart water metering market is segmented as AMI and AMR. The AMI market is set to witness a growth rate of more than 32% between 2023 and 2032. AMI meters provide utilities with real-time and accurate data on energy consumption, enabling precise billing and revenue protection. The elimination of estimated billing and the ability to monitor energy usage patterns and detect anomalies helps utilities reduce revenue losses and improve billing accuracy. AMI meters support demand response programs that incentivize consumers to shift their energy usage during peak hours. The ability to remotely communicate with AMI meters enables utilities to implement time-of-use pricing and effectively manage demand fluctuations, leading to improved grid reliability and reduced energy costs.
- Asia Pacific Smart Water Metering Product Segmentation
- Based on product, the Asia Pacific smart water metering market is segmented as hot water meter and cold water meter. The cold water segment held approximately 86% of the market share in 2022. The adoption of smart cold water meters is on the rise. Smart meters offer real-time monitoring and accurate measurement of water consumption, allowing consumers and utilities to identify water wastage, detect leaks, and promote water conservation. The integration of smart technologies, such as wireless communication and data analytics, is augmenting the growth of smart cold water meters.
- Growing concerns about water scarcity and sustainability are rising the demand for cold water meters. These meters enable consumers to monitor their water usage, identify inefficiencies, and take proactive measures to conserve water. Utilities are also leveraging cold water meter data to implement water management strategies and conservation programs.
- Asia Pacific Smart Water Metering Regional Analysis
- China capture about 45% share of the Asia Pacific smart water metering market in 2022. The Chinese government has implemented several initiatives and policies to foster the adoption of smart water metering. These initiatives aim to improve water resource management, enhance water conservation, and promote the development of a smart water industry. The government has set targets for the installation of smart water meters in both urban and rural areas, creating a favorable environment for market growth. The country's rapid urbanization has led to increased demand for efficient water management.
- Smart water metering solutions provide accurate measurement, real-time monitoring, and leak detection capabilities, helping utilities manage water distribution systems more effectively. The need to address water scarcity, reduce non-revenue water, and improve water efficiency is driving the adoption of smart water metering in urban areas. Water scarcity is a significant concern in China, particularly in regions facing water stress. Smart water metering enables consumers and utilities to monitor water usage in real-time, identify wasteful consumption patterns, and promote water conservation. Water-saving initiatives and water pricing reforms further incentivize the adoption of smart water meters.
- Asia Pacific Smart Water Metering Industry Leaders
- Some of the key market players operating across the Asia Pacific smart water metering market are Diehl Stiftung & Co. KG, Siemens, Landis+Gyr, Honeywell International Inc., kamstrup, Itron Inc., Sontex SA, Sensus, Arad Group, ZENNER International GmbH & Co. KG, Ningbo Water Meter Co., Ltd., Schneider Electric, and Aclara Technologies LLC. Major manufacturers across the Asia Pacific region are inclined toward mergers & acquisitions, strategic collaborations, partnerships, and joint ventures to further gain a competitive advantage in the market.
- Asia Pacific Smart Water Metering Market News:
- In December 2022, kamstrup was awarded a contract from Silkeborg Forsyning for the supply of 40,000 new heat and water meters. Silkeborg Forsyning has implemented a future-proof solution for reading heat and water consumption by combining new meters from Kamstrup with a new communication network. While Silkeborg Forsyning purchases the meters from Kamstrup, they do not own the communication network that transfers data from the meters to the collection system. Instead, Silkeborg Forsyning pays a license fee to utilize the existing network owned by Kamstrup.
- This Asia Pacific smart water metering market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume & revenue in ‘000 Units & USD Million from 2019 to 2032, for the following segments:
- KEY MARKET SEGMENTS
- By Application
- Residential
- Commercial
- Utility
- By Technology
- AMI
- AMR
- By Product
- Hot Water Meter
- Cold Water Meter
- The above information is provided for the following regions and countries:
- China
- Japan
- South Korea
- India
- Australia
SkyQuest's Expertise:
The Asia Pacific Smart Water Metering Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.
Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.
Scope Of Report
| Report Attribute | Details |
|---|---|
| The base year for estimation | 2021 |
| Historical data | 2016 – 2022 |
| Forecast period | 2022 – 2028 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered |
|
| Regional scope | North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) |
| Country scope | U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa |
| Key companies profiled |
|
| Customization scope | Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Reap the benefits of customized purchase options to fit your specific research requirements. |
Objectives of the Study
- To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
- To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
- To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
- To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
- To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
- To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
- To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market
What does this Report Deliver?
- Market Estimation for 20+ Countries
- Historical data coverage: 2016 to 2022
- Growth projections: 2022 to 2028
- SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
- Customization on Segments, Regions, and Company Profiles
- 100+ tables, 150+ Figures, 10+ matrix
- Global and Country Market Trends
- Comprehensive Mapping of Industry Parameters
- Attractive Investment Proposition
- Competitive Strategies Adopted by Leading Market Participants
- Market drivers, restraints, opportunities, and its impact on the market
- Regulatory scenario, regional dynamics, and insights of leading countries in each region
- Segment trends analysis, opportunity, and growth
- Opportunity analysis by region and country
- Porter's five force analysis to know the market's condition
- Pricing analysis
- Parent market analysis
- Product portfolio benchmarking
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Asia Pacific Smart Water Metering Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Asia Pacific Smart Water Metering Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
- c Smart Water Metering Industry Analysis
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Asia Pacific Smart Water Metering Market size was valued at USD 338.1 million in 2022 and is projected to grow at a CAGR of over 30.9% by 2032. The Asia Pacific region has seen a significant increase in the adoption of smart water metering systems. Governments and utility companies are increasingly recognizing the benefits of these systems in improving water management, reducing non-revenue water, and enhancing operational efficiency. Many countries in the Asia Pacific region face water scarcity issues, escalate the use of efficient water management solutions.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Smart water metering refers to the use of advanced technology and connectivity to monitor, measure, and manage water consumption in a more accurate and efficient manner. Smart water meters are devices that replace traditional water meters and provide real-time data on water usage, flow rates, and other relevant parameters. Governments and regulatory bodies in the region are implementing policies and mandates to encourage the deployment of smart water metering systems. These initiatives aim to improve water resource management, enhance billing accuracy, and reduce water losses. Supportive regulations and incentives boost the Asia Pacific smart water metering market growth.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Rapid urbanization and population growth in Asia Pacific cities have resulted in increased water demand and the need for improved water infrastructure. Smart water metering plays a crucial role in monitoring and managing water consumption in urban areas, ensuring efficient supply and distribution. The proliferation of the Internet of Things (IoT) and advancements in connectivity technologies impelled facilitated the deployment of smart water metering systems. Wireless communication networks and cloud-based data management platforms enable real-time monitoring, remote data collection, and analytics for effective water management.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Asia Pacific Smart Water Metering Market Report Coverage
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Base Year: 2022
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Market Size in 2022: USD 338.1 Million
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Forecast Period: 2023 to 2032
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Forecast Period 2023 to 2032 CAGR: 30.9%
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- 2032 Value Projection: USD 4.7 Billion
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Historical Data for: 2019 to 2022
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- No. of Pages: 100
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Tables, Charts & Figures: 191
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Segments covered: Application, Technology, Product
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Growth Drivers:
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Non-revenue water (NRW) monitoring and control
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Accuracy & savings in billings
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Effective monitoring of consumption patterns
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Need for Smart Water Metering to Optimize Water Consumption- The optimized consumption of water is the need of the hour. Rising water demand follows population growth, economic development and growth, climate change, and changing consumption patterns which are the most prominent factors responsible for increased water stress across the globe. As per the US EPA, a typical household's leaks waste about 10,000 gallons of water per year, and 10% of households have leaks that waste over ninety gallons of water every single day. Fixing easily corrected water leaks (household can save homeowners about 10% on their water bills. Smart water metering helps utilities to collect consumption data automatically by improving efficiency and provides an opportunity to detect leaks and abnormal
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Government Initiatives for Smart Water Metering - Smart water meters' demand is increasing owing to government efforts and investments. For instance: In March 2022, in Australia, Optus Networks Australia received the contract for Advanced Metering Infrastructure (AMI) Smart Water Meter for the Toowoomba Regional Council (TRC) for the implementation of at most 68,000 smart water meters to deliver real-time water usage updates, accurate data, and early detection of leaks. Council TRC worked with OPTUS, lota, and GreenBe to create the logistics and processes needed to execute this technology.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- • Growing Awareness Towards Managing Issues Related to Water Scarcity - According to the UN Convention to Combat Desertification report in 2022, water, climate, and weather hazards have accounted for 50% of all disasters and impact 55 million people globally annually. The report also mentioned that 2.3 billion people face water stress every year. According to the Organization for Economic Co-operation and Development (OECD), more that 40% of the world's population lives in water-stressed areas, and water demand is predicted to rise by 55% over the next 30 years. Furthermore, according to the World Health Organization, an estimated 55 million people globally are affected by droughts annually.
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Pitfalls & Challenges:
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- High initial investments and fragmented nature of the industry
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- The upfront cost of implementing smart water metering systems can be a significant barrier, especially for smaller utilities or water service providers with limited budgets. The cost includes not only the meters themselves but also the necessary communication infrastructure, data management systems, and ongoing maintenance expenses. Cost considerations can slow down the adoption of smart water metering, particularly in regions with limited financial resources.
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- The deployment of smart water metering systems may face challenges due to existing infrastructure limitations. In older buildings or areas with outdated water infrastructure, retrofitting or upgrading the infrastructure to support smart meters can be complex and costly. Lack of reliable communication networks or connectivity in remote or rural areas can also hinder the implementation of smart water metering. However, overcoming cost barriers, strengthening infrastructure, enhancing data security measures, and fostering consumer engagement are essential steps towards wider adoption and successful implementation of smart water metering.
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- • High Cost of Smart Water Meter Installation - Total AMI procurement and installation costs for water that included the cost of the meter, and a range of non-meter fixed costs, such as data management systems and primarily communications equipment upgrades. Moreover, other non-hardware costs included software & licensing fees, installation labor, information technology testing, and project management.
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- According to a recent analysis, the average smart water meter deployment cost ranges up to USD 180 per meter. However, the cost varies from project to project owing to the differences in meter, communications, data management, and other costs.
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- • Lack of Accessibly to Communication Networks
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- • Operational Issues Related to Smart Water Metering
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- Impact of COVID-19 on Asia Pacific Smart Water Metering Market
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- The pandemic has led to disruptions in supply chains, logistics, and workforce availability, which have slowed down the implementation and installation of smart water metering projects. Restrictions on movement and social distancing measures have affected on-site activities, including meter installations and infrastructure upgrades. Uncertainty caused by the pandemic has resulted in delayed decision-making by utilities and water management authorities. Many organizations have postponed investment decisions or reallocated resources to address immediate pandemic-related challenges, temporarily slowing down the adoption of smart water metering.
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- The pandemic has underscored the importance of resilient water infrastructure. Governments and utilities in the Asia Pacific region are increasingly recognizing the need for advanced water management systems, including smart water metering, to enhance resilience and ensure reliable water supply during emergencies. This recognition may support future investments in smart water metering as part of broader water infrastructure resilience strategies.
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- Asia Pacific Smart Water Metering Market Trends
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- Many utilities and water management agencies across the Asia Pacific region are investing in modernizing their infrastructure and adopting digital technologies. Smart water metering is a key component of these initiatives, enabling data-driven decision-making, leak detection, and efficient customer service. The integration of data analytics and artificial intelligence (AI) technologies is gaining prominence in the smart water metering market. These technologies enable advanced data processing, anomaly detection, predictive maintenance, and optimization of water distribution systems. The deployment of smart water metering systems aligns with the broader smart city initiatives in the region.
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- Smart water metering is interconnected with other urban infrastructure systems, such as smart grids, smart buildings, and smart transportation, to create integrated and sustainable urban ecosystems. Many countries in the Asia Pacific smart water metering market face water scarcity challenges due to population growth, urbanization, and climate change. Smart water metering enables efficient water resource management by providing accurate and real-time data on water consumption, enabling utilities and consumers to monitor and conserve water resources effectively. The need to upgrade and modernize water infrastructure is driving the adoption of smart water metering systems. Aging water infrastructure in many countries requires replacement or retrofitting with advanced technologies to enhance efficiency, accuracy, and sustainability in water management.
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- Asia Pacific Smart Water Metering Application Segmentation
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- Based on application, the Asia Pacific smart water metering market is segmented as residential, commercial, and utility. The sector reached USD 170 billion in 2022. The residential smart water metering market has experienced significant growth, propelled by increasing awareness of water conservation, advancements in technology, and regulatory support. Homeowners and property managers are recognizing the benefits of smart water metering in accurately monitoring and managing water consumption. Growing concerns about water scarcity and environmental sustainability have led to the implementation of water conservation initiatives by governments, utilities, and environmental organizations. Smart water metering systems provide homeowners with real-time data on water usage, enabling them to identify water wastage, detect leaks, and modify their consumption behavior to conserve water.
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- Asia Pacific Smart Water Metering Technology Segmentation
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- Based on technology, the Asia Pacific smart water metering market is segmented as AMI and AMR. The AMI market is set to witness a growth rate of more than 32% between 2023 and 2032. AMI meters provide utilities with real-time and accurate data on energy consumption, enabling precise billing and revenue protection. The elimination of estimated billing and the ability to monitor energy usage patterns and detect anomalies helps utilities reduce revenue losses and improve billing accuracy. AMI meters support demand response programs that incentivize consumers to shift their energy usage during peak hours. The ability to remotely communicate with AMI meters enables utilities to implement time-of-use pricing and effectively manage demand fluctuations, leading to improved grid reliability and reduced energy costs.
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- Asia Pacific Smart Water Metering Product Segmentation
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- Based on product, the Asia Pacific smart water metering market is segmented as hot water meter and cold water meter. The cold water segment held approximately 86% of the market share in 2022. The adoption of smart cold water meters is on the rise. Smart meters offer real-time monitoring and accurate measurement of water consumption, allowing consumers and utilities to identify water wastage, detect leaks, and promote water conservation. The integration of smart technologies, such as wireless communication and data analytics, is augmenting the growth of smart cold water meters.
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- Growing concerns about water scarcity and sustainability are rising the demand for cold water meters. These meters enable consumers to monitor their water usage, identify inefficiencies, and take proactive measures to conserve water. Utilities are also leveraging cold water meter data to implement water management strategies and conservation programs.
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- Asia Pacific Smart Water Metering Regional Analysis
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- China capture about 45% share of the Asia Pacific smart water metering market in 2022. The Chinese government has implemented several initiatives and policies to foster the adoption of smart water metering. These initiatives aim to improve water resource management, enhance water conservation, and promote the development of a smart water industry. The government has set targets for the installation of smart water meters in both urban and rural areas, creating a favorable environment for market growth. The country's rapid urbanization has led to increased demand for efficient water management.
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- Smart water metering solutions provide accurate measurement, real-time monitoring, and leak detection capabilities, helping utilities manage water distribution systems more effectively. The need to address water scarcity, reduce non-revenue water, and improve water efficiency is driving the adoption of smart water metering in urban areas. Water scarcity is a significant concern in China, particularly in regions facing water stress. Smart water metering enables consumers and utilities to monitor water usage in real-time, identify wasteful consumption patterns, and promote water conservation. Water-saving initiatives and water pricing reforms further incentivize the adoption of smart water meters.
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- Asia Pacific Smart Water Metering Industry Leaders
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- Some of the key market players operating across the Asia Pacific smart water metering market are Diehl Stiftung & Co. KG, Siemens, Landis+Gyr, Honeywell International Inc., kamstrup, Itron Inc., Sontex SA, Sensus, Arad Group, ZENNER International GmbH & Co. KG, Ningbo Water Meter Co., Ltd., Schneider Electric, and Aclara Technologies LLC. Major manufacturers across the Asia Pacific region are inclined toward mergers & acquisitions, strategic collaborations, partnerships, and joint ventures to further gain a competitive advantage in the market.
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- Asia Pacific Smart Water Metering Market News:
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- In December 2022, kamstrup was awarded a contract from Silkeborg Forsyning for the supply of 40,000 new heat and water meters. Silkeborg Forsyning has implemented a future-proof solution for reading heat and water consumption by combining new meters from Kamstrup with a new communication network. While Silkeborg Forsyning purchases the meters from Kamstrup, they do not own the communication network that transfers data from the meters to the collection system. Instead, Silkeborg Forsyning pays a license fee to utilize the existing network owned by Kamstrup.
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- This Asia Pacific smart water metering market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume & revenue in ‘000 Units & USD Million from 2019 to 2032, for the following segments:
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- KEY MARKET SEGMENTS
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- By Application
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- Residential
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- Commercial
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- Utility
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- By Technology
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- AMI
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- AMR
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- By Product
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- Hot Water Meter
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- Cold Water Meter
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- The above information is provided for the following regions and countries:
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- China
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- Japan
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- South Korea
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- India
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- Australia
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Methodology
For the Asia Pacific Smart Water Metering Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Asia Pacific Smart Water Metering Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Asia Pacific Smart Water Metering Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Asia Pacific Smart Water Metering Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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