Asia Pacific Smart Water Metering Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Automatic Meter Reader and Advanced Metering Infrastructure), Component (Controlling Units, Display Storage & Integrated Software, and Others), Application (Residential and Industrial), and Meter Type (Ultrasonic Meters, Electromagnetic Meters, and Electromechanical Meters)
The Asia Pacific smart water metering market is expected to grow from US$ 532.95 million in 2022 to US$ 737.62 million by 2028. It is estimated to grow at a CAGR of 5.6% from 2022 to 2028.
Increasing Number of Smart Water Meter Projects is Driving the Asia Pacific Smart Water Metering Market
Several initiatives related to water savings and a clean environment have been witnessed in the past decade during 2011-2020 globally. Different government initiatives and Non-Profit Organizations (NPOs) across the world have been raising awareness for water savings and usage monitoring. This is also leading to the launch of new upgrades to water distribution infrastructure projects by governments of different countries to improve the distribution infrastructure and boost the operational efficiency of the water resources along with better cost savings. The deployment of smart water meters across such old infrastructure is leading to new developments across different regions, which, in turn, is catalyzing the demand for smart water meters. Several local governments have been investing heavily in the modernization of water distribution infrastructure to improve the water savings and operational costs for distributing the water across their respective city’s infrastructure. For instance, in March 2022, the Government of Punjab state in India signed an agreement with three Chinese companies (Wenling Younio Water Meter Co. Ltd, Jiangsu Xinlang Environmental Company (Private) Ltd., and China Energy Engineering Group) for the deployment of 711,265 smart water meters (worth US$ 41.41 million) across Lahore in Pakistan under the alliance of Planning & Development Board of WASA Lahore and Punjab PPP Authority.
Governments of different countries have also been collaboratively working with different smart water metering market vendors across the world to upgrade their respective water meter infrastructure. For instance, in November 2022, Itron Inc announced that Singapore’s national water agency (PUB) was leveraging SP Group’s existing Itron industrial IoT network canopy for smart water metering. The smart water metering rollout will connect around 300,000 Itron residential and commercial/industrial (C&I) smart water meters to the existing network to achieve its water conservation goals. Such factors have been catalyzing the smart water meter deployment and growth of the smart water metering market across different countries.
Asia Pacific Smart Water Metering Market Overview
Asia Pacific remains world’s most vulnerable region to water security and thus needs to address this issue for economic growth of countries. As per research conducted by Asian Development Bank, close to 3.4 billion people by 2050 in Asia Pacific could be living in water stressed areas, while the demand for water is expected to increase by 55%. Asia Pacific is home to around 60% of the world’s population to which it needs to supply clean water for potable uses, as well as for other household purposes. Additionally, the climate change plays another critical role in the water supply crisis in the continent. Some areas of the region remain heavily flooded, whereas a few faces huge water scarcity problems. Therefore, there is a dire need of government intervention in Asian countries to minimize water wastage and maintain water assets for ensuring long-term sustainability of water supply. Supportive digitalization policies and enhanced focus on the development of smart cities in countries such as Japan, China, India, Singapore, Australia, and South Korea will further boost the demands of an intelligent water meter. Countries such as Vietnam, Cambodia, and the Philippines will follow suit in the adoption of smart water meter post the success of smart water meter and IIoT in Asia, increasing overall supply chain efficiency in the region.
Asia Pacific Smart Water Metering Market Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Smart Water Metering Market Segmentation
The Asia Pacific smart water metering market is segmented into type, component, application, and meter type, and country.
On the basis of type, the Asia Pacific smart water metering market has been segmented into advanced metering infrastructure and automatic meter reader. The automatic meter reader segment registered the largest market share in 2022.
On the basis of component, the smart water metering market has been segmented into controlling units, display/storage and integrated software, and others. The display/storage and integrated software segment held a larger market share in 2022.
On the basis of application, the Asia Pacific smart water metering market has been segmented into residential and industrial. The residential segment held the largest market share in 2022.
On the basis of meter type, the smart water metering market has been segmented into ultrasonic meters, electromagnetic meters, and electromechanical meters. Ultrasonic meters segment held the largest market share in 2022.
Based on country, the Asia Pacific smart water metering market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022.
Arad Ltd; Badger Meter Inc; Bmeters SRL; Diehl Stiftung & Co KG; Itron Inc; Kamstrup AS; Mueller Water Products Inc; Sensus USA Inc; WAVIoT Integrated Systems LLC are the leading companies operating in the Asia Pacific smart water metering market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Smart Water Metering Market Landscape
4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.2.1.1 India
4.2.1.2 Japan
4.2.1.3 South Korea
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Smart Water Metering Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Water Scarcity and Misuse of Water
5.1.2 Non-revenue Water Monitoring and Control Generating the Demand for Smart Water Meters
5.1.3 Increasing Number of Smart Water Meter Projects Across Different Regions
5.2 Market Restraints
5.2.1 High Initial Investment and Lack of Knowledge
5.2.2 Vulnerable to Cyber Attacks
5.3 Opportunity
5.3.1 Smart Irrigation Systems through Smart Water Management
5.4 Future Trend
5.4.1 Increase in demand for Smart Water Meters with the Increase in Smart City Initiatives
5.5 Impact Analysis of Drivers and Restraints
6. Smart Water Metering Market – Asia Pacific Market Analysis
6.1 Asia Pacific Smart Water Metering Market Overview
6.2 Asia Pacific Smart Water Metering Market Forecast and Analysis
7. Asia Pacific Smart Water Metering Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Smart Water Metering Market, by Type (2021 & 2028)
7.3 Advanced Metering Infrastructure
7.3.1 Overview
7.3.2 Advanced Metering Infrastructure: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Automatic Meter Reader
7.4.1 Overview
7.4.2 Automatic Meter Reader: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Smart Water Metering Market Analysis – By Component
8.1 Overview
8.2 Asia Pacific Smart Water Metering Market, by Component (2021 & 2028)
8.3 Controlling Units
8.3.1 Overview
8.3.2 Controlling Units: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Display, Storage & Integrated Software
8.4.1 Overview
8.4.2 Display, Storage & Integrated Software: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Smart Water Metering Market Analysis – By Application
9.1 Overview
9.2 Asia Pacific Smart Water Metering Market, by Application (2021 & 2028)
9.3 Residential
9.3.1 Overview
9.3.2 Residential: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Industrial
9.4.1 Overview
9.4.2 Industrial: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Smart Water Metering Market Analysis – By Meter Type
10.1 Overview
10.2 Asia Pacific Smart Water Metering Market, by Meter Type (2021 & 2028)
10.3 Ultrasonic Meter
10.3.1 Overview
10.3.2 Ultrasonic Meter: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Electromagnetic Meter
10.4.1 Overview
10.4.2 Electromagnetic Meter: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Electromechanical Meter
10.5.1 Overview
10.5.2 Electromechanical Meter: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
11. Asia Pacific Smart Water Metering Market – Country Analysis
11.1 Overview
11.1.1 Asia Pacific: Smart Water Metering Market, by Key Country
11.1.1.1 Australia: Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia: Smart Water Metering Market, by Type
11.1.1.1.2 Australia: Smart Water Metering Market, by Component
11.1.1.1.3 Australia: Smart Water Metering Market, by Application
11.1.1.1.4 Australia: Smart Water Metering Market, by Meter Type
11.1.1.2 China: Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: Smart Water Metering Market, by Type
11.1.1.2.2 China: Smart Water Metering Market, by Component
11.1.1.2.3 China: Smart Water Metering Market, by Application
11.1.1.2.4 China: Smart Water Metering Market, by Meter Type
11.1.1.3 India: Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Smart Water Metering Market, by Type
11.1.1.3.2 India: Smart Water Metering Market, by Component
11.1.1.3.3 India: Smart Water Metering Market, by Application
11.1.1.3.4 India: Smart Water Metering Market, by Meter Type
11.1.1.4 Japan: Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Japan: Smart Water Metering Market, by Type
11.1.1.4.2 Japan: Smart Water Metering Market, by Component
11.1.1.4.3 Japan: Smart Water Metering Market, by Application
11.1.1.4.4 Japan: Smart Water Metering Market, by Meter Type
11.1.1.5 South Korea: Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: Smart Water Metering Market, by Type
11.1.1.5.2 South Korea: Smart Water Metering Market, by Component
11.1.1.5.3 South Korea: Smart Water Metering Market, by Application
11.1.1.5.4 South Korea: Smart Water Metering Market, by Meter Type
11.1.1.6 Rest of APAC: Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of APAC: Smart Water Metering Market, by Type
11.1.1.6.2 Rest of APAC: Smart Water Metering Market, by Component
11.1.1.6.3 Rest of APAC: Smart Water Metering Market, by Application
11.1.1.6.4 Rest of APAC: Smart Water Metering Market, by Meter Type
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Kamstrup AS
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Mueller Water Products Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Badger Meter Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Itron Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Arad Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sensus USA Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 WAVIoT Integrated Systems LLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Diehl Stiftung & Co KG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Smart Water Metering Market, Revenue and Forecast, 2020–2028 (US$ Million)
Table 2. Australia: Smart Water Metering Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Smart Water Metering Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Smart Water Metering Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Smart Water Metering Market, by Meter Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Smart Water Metering Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Smart Water Metering Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Smart Water Metering Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. China: Smart Water Metering Market, by Meter Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Smart Water Metering Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Smart Water Metering Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Smart Water Metering Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. India: Smart Water Metering Market, by Meter Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Smart Water Metering Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan: Smart Water Metering Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 16. Japan: Smart Water Metering Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Japan: Smart Water Metering Market, by Meter Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea: Smart Water Metering Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea: Smart Water Metering Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea: Smart Water Metering Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea: Smart Water Metering Market, by Meter Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of APAC: Smart Water Metering Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of APAC: Smart Water Metering Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of APAC: Smart Water Metering Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of APAC: Smart Water Metering Market, by Meter Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Smart Water Metering Market Segmentation
Figure 2. Asia Pacific Smart Water Metering Market Segmentation – Country
Figure 3. Asia Pacific Smart Water Metering Market Overview
Figure 4. Asia Pacific Smart Water Metering Market, by Type
Figure 5. Asia Pacific Smart Water Metering Market, by Application
Figure 6. Asia Pacific Smart Water Metering Market, by Country
Figure 7. Asia Pacific - PEST Analysis
Figure 8. India - PEST Analysis
Figure 9. Japan - PEST Analysis
Figure 10. South Korea - PEST Analysis
Figure 11. Asia Pacific Smart Water Metering Market: Ecosystem Analysis
Figure 12. Expert Opinion
Figure 13. Asia Pacific Smart Water Metering Market: Impact Analysis of Drivers and Restraints
Figure 14. Asia Pacific Smart Water Metering Market, Forecast and Analysis (US$ Million)
Figure 15. Asia Pacific Smart Water Metering Market Revenue Share, by Type (2021 & 2028)
Figure 16. Advanced Metering Infrastructure: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Automatic Meter Reader: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Asia Pacific Smart Water Metering Market Revenue Share, by Component (2021 & 2028)
Figure 19. Controlling Units Reader: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Display, Storage & Integrated Software: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Asia Pacific Smart Water Metering Market Revenue Share, by Application (2021 & 2028)
Figure 23. Residential: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Industrial: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Asia Pacific Smart Water Metering Market Revenue Share, by Meter Type (2021 & 2028)
Figure 26. Ultrasonic Meter: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Electromagnetic Meter: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Electromechanical Meter: Asia Pacific Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Asia Pacific: Smart Water Metering Market, by Key Country – Revenue (2021) (US$ Million)
Figure 30. Asia Pacific: Smart Water Metering Market Revenue Share, by Key Country (2021 & 2028)
Figure 31. Australia: Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. China: Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. India: Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Japan: Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. South Korea: Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of APAC: Smart Water Metering Market – Revenue and Forecast to 2028 (US$ Million)
- Arad Ltd
- Badger Meter Inc.
- Diehl Stiftung & Co KG
- Itron Inc
- Kamstrup AS
- Mueller Water Products Inc.
- Sensus USA Inc
- WAVIoT Integrated Systems LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific smart water metering market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific smart water metering market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the smart water metering market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution