ASIA-PACIFIC SMART WATER METER MARKET 2022-2028

Energy, Power & Utilities | Utilities

ASIA-PACIFIC SMART WATER METER MARKET 2022-2028

Market by Technology, End-user, and Country Outlook | Forecast 2022-2028

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As per Triton’s research analysis, the smart water meter market in the Asia-Pacific is estimated to develop with a CAGR of 9.50% over the forecast duration of 2022-2028.


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The countries scrutinized in this region include:

•         India

•         South Korea

•         ASEAN Countries

•         Japan

•         China

•         Australia & New Zealand

•         Rest of Asia-Pacific

China is the leading market in this region. The Asia-Pacific is gradually emerging as a hub for narrowband-IoT-based smart water meters. The NB-IoT communication protocol is the foundation for the majority of large-scale deployment projects in China. Further, water utilities across the region are expected to embrace LPWAN communication solutions as a result of the success of AMI smart water meter experiments (e.g., LoRaWAN, NB IoT) that have been conducted in Australia, New Zealand, and Japan.

Ongoing developments in Japan’s major industries include the incorporation of smart metering systems and the adoption of smart grids. Despite the lack of widespread adoption and significant government assistance, the market for smart water meters is anticipated to progress steadily during the forecast period due to the functional and efficiency enhancements these systems provide. Conventional meters, whose readings are noted every two months, have already been installed in almost 97% of properties.

In an effort to simplify the water billing process, the rollout of IoT-enabled smart water meters was completed in Gochang, a rural region in South Korea, in 2018. For the initiative, the country worked together with the Australia-based IoT business, Freestyle Technology. The company provided the nation with smart water metering infrastructure, project management services, and related technologies & services. Such initiatives are backing the market growth in South Korea.

The rise in residential construction and subsequent increase in water demand is predicted to benefit the integration of smart water meters. Water usage in the residential sector is expected to decrease by about 35% as a result of the integration of smart meters, which will both increase efficiency and help homeowners control their spending. The areas affected by water scarcity are especially expected to benefit from the adoption of smart water meters, which will reduce water usage and efficiently manage the water flow to residential areas.

The report assesses the market in accordance with technology and end-user. Here, the end-user segment comprises residential and commercial & industrial.

The acclaimed companies in the smart water meter market include Aclara Technologies LLC (acquired by Hubbell Incorporated), Badger Meter Inc, Mueller Water Products Inc, Landis+Gyr AG, Sensus (acquired by Xylem), ICSA (India) Limited, Itron Inc, and Arad Group.

ICSA (India) Limited works on software application development. Additionally, it provides embedded technologies and infrastructure solutions for the water, oil & gas, and power industries. Power quality measuring systems, remote streetlight control systems, general automatic meter reading systems, small modems, micro remote terminal units, agricultural load management systems, and theft detection devices are among the products offered by ICSA. ICSA (India) Limited is headquartered in Hyderabad, Telangana and was founded in 1994.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies


    Comprehensive information and estimation of the smart water meter market revenue growth in Asia-Pacific and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model


    A wide-ranging study of factors that will challenge the Asia-Pacific smart water meter market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

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Table of Content

1. ASIA-PACIFIC SMART WATER METER MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE SMART WATER METER MARKET

2.2. PARENT MARKET ANALYSIS: SMART METER MARKET

2.3. KEY INSIGHTS

2.3.1. SHRINKING WATER RESOURCES ACROSS THE WORLD

2.3.2. INCREASING FOCUS ON ACCOUNTABILITY OF NON-REVENUE WATER (NRW)

2.3.3. ADVANCED METERING INFRASTRUCTURE (AMI) ANTICIPATED TO PROJECT THE HIGHEST CAGR

2.4. PORTER’S FIVE FORCES ANALYSIS

2.4.1. THREAT OF NEW ENTRANTS

2.4.2. THREAT OF SUBSTITUTES

2.4.3. BARGAINING POWER OF BUYERS

2.4.4. BARGAINING POWER OF SUPPLIERS

2.4.5. THREAT OF COMPETITIVE RIVALRY

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. INDUSTRY COMPONENTS

2.8. KEY STRATEGIC DEVELOPMENTS

2.8.1. MERGERS & ACQUISITIONS

2.8.2. PRODUCT LAUNCHES & DEVELOPMENTS

2.8.3. PARTNERSHIPS & AGREEMENTS

2.9. MARKET DRIVERS

2.9.1. RISING DEMAND FOR SUSTAINABLE WATER SUPPLY ACROSS VARIOUS INDUSTRIES

2.9.2. BENEFITS OFFERED BY SMART WATER METERS

2.10. MARKET CHALLENGES

2.10.1. LIMITED BUDGETS ALLOCATION FOR SMART SYSTEMS

2.10.2. HIGHER COST OF SMART WATER METER INSTALLATION

2.10.3. OPERATIONAL ISSUES

2.11. MARKET OPPORTUNITIES

2.11.1. EVOLVING SUSTAINABLE WATER MANAGEMENT SYSTEMS

2.11.2. SMART CITY PROJECTS IN THE PIPELINE ACROSS THE WORLD

3. ASIA-PACIFIC SMART WATER METER MARKET OUTLOOK – BY TECHNOLOGY

3.1. AUTOMATIC METER READING (AMR)

3.2. ADVANCED METERING INFRASTRUCTURE (AMI)

4. ASIA-PACIFIC SMART WATER METER MARKET OUTLOOK – BY END-USER

4.1. RESIDENTIAL

4.2. COMMERCIAL & INDUSTRIAL

5. ASIA-PACIFIC SMART WATER METER MARKET – COUNTRY OUTLOOK

5.1. CHINA

5.2. JAPAN

5.3. INDIA

5.4. SOUTH KOREA

5.5. ASEAN COUNTRIES

5.6. AUSTRALIA & NEW ZEALAND

5.7. REST OF ASIA-PACIFIC

6. COMPETITIVE LANDSCAPE

6.1. ACLARA TECHNOLOGIES LLC (ACQUIRED BY HUBBELL INCORPORATED)

6.2. ARAD GROUP

6.3. BADGER METER INC

6.4. DATAMATIC INC

6.5. DIEHL STIFTUNG & CO KG

6.6. MASTER METER INC (ACQUIRED BY ARAD LTD)

6.7. MUELLER WATER PRODUCTS INC

6.8. NEPTUNE TECHNOLOGY GROUP INC

6.9. SENSUS (ACQUIRED BY XYLEM)

6.10. ZENNER INTERNATIONAL GMBH & CO KG

6.11. ELSTER GROUP GMBH

6.12. ICSA (INDIA) LIMITED

6.13. ITRON INC

6.14. KAMSTRUP AS

6.15. LANDIS+GYR AG

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA-PACIFIC SMART WATER METER MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION) 

TABLE 2: VENDOR SCORECARD        

TABLE 3: LIST OF MERGERS & ACQUISITIONS      

TABLE 4: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS    

TABLE 5: LIST OF PARTNERSHIPS & AGREEMENTS       

TABLE 6: 10 COUNTRIES WITH THE HIGHEST % OF THE POPULATION LACKING BASIC ACCESS TO WATER, 2019 

TABLE 7: NUMBER OF PEOPLE NOT HAVING ACCESS TO SAFE WATER IN TOP 10 COUNTRIES, 2017    

TABLE 8: ASIA-PACIFIC SMART WATER METER MARKET, BY TECHNOLOGY OUTLOOK, 2022-2028 (IN $ MILLION)       

TABLE 9: VARIOUS ADVANTAGES OF AMR SYSTEMS     

TABLE 10: ASIA-PACIFIC SMART WATER METER MARKET, BY END-USER OUTLOOK, 2022-2028 (IN $ MILLION) 

TABLE 11: ASIA-PACIFIC SMART WATER METER MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)  

List of Figures

FIGURE 1: PROCESS FLOW OF SMART WATER METERS         

FIGURE 2: MARKET ATTRACTIVENESS INDEX      

FIGURE 3: INDUSTRY COMPONENTS – SMART METERS

FIGURE 4: TYPES OF SMART METERS        

FIGURE 5: ASIA-PACIFIC SMART WATER METER MARKET, TECHNOLOGY OUTLOOK, 2021 & 2028 (IN %) 

FIGURE 6: ASIA-PACIFIC SMART WATER METER MARKET, BY AUTOMATIC METER READING (AMR), 2022-2028 (IN $ MILLION)         

FIGURE 7: ASIA-PACIFIC SMART WATER METER MARKET, BY ADVANCED METERING INFRASTRUCTURE (AMI), 2022-2028 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC SMART WATER METER MARKET, END-USER OUTLOOK, 2021 & 2028 (IN %) 

FIGURE 9: ASIA-PACIFIC SMART WATER METER MARKET, BY RESIDENTIAL, 2022-2028 (IN $ MILLION)      

FIGURE 10: ASIA-PACIFIC SMART WATER METER MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $ MILLION) 

FIGURE 11: ASIA-PACIFIC SMART WATER METER MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %) 

FIGURE 12: CHINA SMART WATER METER MARKET 2022-2028 (IN $ MILLION)

FIGURE 13: JAPAN SMART WATER METER MARKET 2022-2028 (IN $ MILLION)

FIGURE 14: INDIA SMART WATER METER MARKET 2022-2028 (IN $ MILLION)

FIGURE 15: SOUTH KOREA SMART WATER METER MARKET 2022-2028 (IN $ MILLION)      

FIGURE 16: ASEAN COUNTRIES SMART WATER METER MARKET 2022-2028 (IN $ MILLION)        

FIGURE 17: AUSTRALIA & NEW ZEALAND SMART WATER METER MARKET 2022-2028 (IN $ MILLION)    

FIGURE 18: REST OF ASIA-PACIFIC SMART WATER METER MARKET 2022-2028 (IN $ MILLION)

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