Market by Technology, End-user, and Country Outlook | Forecast 2022-2028
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.
Report scope can be customized per your requirements. Request For Customization
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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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
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)
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)