The Asia-Pacific smart water meter market is projected to register a CAGR of 9.42% during the forecast period, 2022-2030, and is set to record a revenue of $1326.66 million by 2030.

ASIA-PACIFIC SMART WATER METER MARKET FORECAST 2022-2030

Asia-Pacific Smart Water Meter Market by Type (Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI)) Market by End-user (Residential, Commercial & Industrial) by Geography

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The Asia-Pacific smart water meter market is projected to register a CAGR of 9.42% during the forecast period, 2022-2030, and is set to record a revenue of $1326.66 million by 2030.

The smart water meter market growth in the region is attributed to the growing population, the rising manufacturing industries, the rapid urbanization, and favorable government support in the form of smart cities. Also, trends like the use of the Internet of Things for energy efficiency and conserving water are expected to boost the adoption of smart water meters.

Asia Pacific Smart Water Meter Market

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The Asia-Pacific smart water meter market growth evaluation includes the assessment of Japan, China, Australia & New Zealand, Vietnam, Thailand, India, Indonesia, South Korea, and Rest of Asia-Pacific. In China, smart electricity metering implementation is increasingly prioritized. However, the country has conventional options for water and gas metering. Also, China has low water accessibility per capita and lower water rates. In addition, the government has set targets for water efficiency and water connection rates. Besides, China committed to minimizing water consumption by almost 30% per unit of its gross domestic product under the 12th Five-Year Plan.

Countries like India face huge challenges in cutting losses due to thefts and the aging infrastructure. Accordingly, water scarcity impacts utility operations in the country. Also, the country is evaluated to witness public-private partnerships (PPP) for national water operations. For instance, Veolia Water India Pvt Limited has been bidding for several projects in the country. Such partnerships are estimated to facilitate technological advancements. Smart water meters aid consumers with regard to usage, restricting non-revenue water, and regulating illegal tapping. As a result, the analyzed market has growth opportunities since such aspects are important for private operators. Additionally, 450 ultrasonic water meters were successfully installed in the Kapil Gram Panchayat in 2018, 300 kilometers southeast of Mumbai.

In South Korea, freshwater constitutes 3% of the total territory in the country. Also, improved sanitation and enhanced water sources are universal in the country. In addition, the state-run Korea Water Resources Corp (K-Water) developed and deployed a vast range of smart water management technologies that regulate the country’s advanced ICT infrastructure for minimizing loss and optimizing performance across the entire water cycle. Moreover, K-Water is exporting such solutions to other countries.

The Asia-Pacific smart water meter market segmentation includes type and end-user. The type segment includes advanced metering infrastructure (AMI) and automatic meter reading (AMR).

With regard to an analog meter, the device must be accessible for data collection manually. Since this is expensive and time-consuming, data is entered manually. This further increases the risk of human error. At the same time, the manual data entry also entails the need for access to the consumers’ property, thereby leading to privacy concerns. As a result, utilities are incorporating automatic meter reading (AMR) meters that can transmit data remotely to a walk-by handheld device or drive-by vehicle.

An AMR system entails three basic components. These include a data repository system that interfaces with the billing system, data collector, and meter with a radio transmitter. Also, the AMR meter’s accuracy is higher than analog meters. These autonomously gather the devices’ status, diagnostic, and data consumption before sending for billing and analysis to the utilities. Additionally, data is made available on a monthly, weekly, or daily basis that can help consumers in monitoring their consumption, and further use the data to operate more efficiently.

Some of the leading companies operating in the Asia-Pacific smart water meter market include Elster Group GmbH (Acquired by Honeywell International), Kamstrup AS, ICSA (India) Limited, Itron Inc, etc.

ICSA (India) Limited (ICSA) is engaged in the supply of infrastructure solutions and embedded technologies for water, oil, and gas sectors. Also, the company is engaged in developing and designing power and pipeline solutions. The company has its headquarters in Hyderabad, Telangana, India.

One of its key products, Intelligent Automatic Water Reading (IAWR), delivers data consumption monthly and daily using the GSM network.

Report Synopsis

Report ScopeDetails
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedType, End-User
Countries AnalyzedJapan, China, Australia & New Zealand, Vietnam, Thailand, India, Indonesia, South Korea, and Rest of Asia-Pacific
Companies Analyzed

Aclara Technologies LLC (Acquired by Hubbell Incorporated), Arad Group, Badger Meter Inc, Datamatic Inc, Diehl Stiftung & Co Kg, Elster Group GmbH (Acquired by Honeywell International), ICSA (India) Limited, Itron Inc, Kamstrup AS, Landis+Gyr AG (Acquired by Toshiba Corporation), Master Meter Inc (Acquired by Arad Ltd), Mueller Water Products Inc, Neptune Technology Group Inc, Sensus USA Inc (Acquired by Xylem), Zenner International GmbH & Co Kg

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • PARENT MARKET ANALYSIS: SMART METERS MARKET
      • KEY DRIVERS
        • NEED FOR SUSTAINABLE MANAGEMENT AND APPROPRIATE AVAILABILITY OF EXISTING WATER
        • SUPERIORITY OF SMART WATER METERS OVER TRADITIONAL WATER METERS
        • RISING SMART CITY PROJECTS
      • KEY RESTRAINTS
        • HIGH INSTALLATION COSTS
        • LACK OF AVAILABILITY OF CAPITAL FUNDING
        • VULNERABILITIES OF SMART WATER METERS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON SMART WATER METER MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
    2. MARKET BY TYPE
      • AUTOMATIC METER READING (AMR)
      • ADVANCED METERING INFRASTRUCTURE (AMI)
    3. MARKET BY END-USER
      • RESIDENTIAL
      • COMMERCIAL & INDUSTRIAL
    4. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ACLARA TECHNOLOGIES LLC (ACQUIRED BY HUBBELL INCORPORATED)
        • ARAD GROUP
        • BADGER METER INC
        • DATAMATIC INC
        • DIEHL STIFTUNG & CO KG
        • ELSTER GROUP GMBH (ACQUIRED BY HONEYWELL INTERNATIONAL)
        • ICSA (INDIA) LIMITED
        • ITRON INC
        • KAMSTRUP AS
        • LANDIS+GYR AG (ACQUIRED BY TOSHIBA CORPORATION)
        • MASTER METER INC (ACQUIRED BY ARAD LTD)
        • MUELLER WATER PRODUCTS INC
        • NEPTUNE TECHNOLOGY GROUP INC
        • SENSUS USA INC (ACQUIRED BY XYLEM)
        • ZENNER INTERNATIONAL GMBH & CO KG

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – SMART WATER METER

    TABLE 2: ASIA-PACIFIC SMART WATER METER MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: ASIA-PACIFIC SMART WATER METER MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC SMART WATER METER MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC SMART WATER METER MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC SMART WATER METER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC SMART WATER METER MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: KEY PLAYERS OPERATING IN ASIA-PACIFIC SMART WATER METER MARKET

    TABLE 9: LIST OF MERGERS & ACQUISITIONS

    TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 12: LIST OF BUSINESS EXPANSIONS & DIVESTITURES          

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: ASIA-PACIFIC SMART WATER METER MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 7: ASIA-PACIFIC SMART WATER METER MARKET, BY AUTOMATIC METER READING (AMR), 2022-2030 (IN $ MILLION)

    FIGURE 8: ASIA-PACIFIC SMART WATER METER MARKET, BY ADVANCED METERING INFRASTRUCTURE (AMI), 2022-2030 (IN $ MILLION)

    FIGURE 9: ASIA-PACIFIC SMART WATER METER MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 10: ASIA-PACIFIC SMART WATER METER MARKET, BY RESIDENTIAL, 2022-2030 (IN $ MILLION)

    FIGURE 11: ASIA-PACIFIC SMART WATER METER MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2030 (IN $ MILLION)

    FIGURE 12: ASIA-PACIFIC SMART WATER METER MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 13: CHINA SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 14: JAPAN SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 15: INDIA SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 16: SOUTH KOREA SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 17: INDONESIA SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 18: THAILAND SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 19: VIETNAM SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 20: AUSTRALIA & NEW ZEALAND SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 21: REST OF ASIA-PACIFIC SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY TYPE
      • AUTOMATIC METER READING (AMR)
      • ADVANCED METERING INFRASTRUCTURE (AMI)
    2. MARKET BY END-USER
      • RESIDENTIAL
      • COMMERCIAL & INDUSTRIAL

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