Asia Pacific Commercial Smart Water Meter Market Size - By Technology (AMI, AMR), By Product (Hot Water Meter, Cold Water Meter), Country Outlook & Forecast, 2024 – 2032

Asia Pacific Commercial Smart Water Meter Market Size

Asia Pacific Commercial Smart Water Meter Market was valued at USD 4.8 billion in 2023 and is anticipated to grow at a CAGR of 6.1% from 2024 to 2032, due to increasing water conservation efforts and the adoption of advanced metering infrastructure (AMI). Governments and utilities in the region are focusing on reducing water losses and improving resource management, which has accelerated the deployment of smart water meters. These devices offer real-time monitoring, leak detection, and remote reading capabilities, enhancing operational efficiency. The market is further bolstered by urbanization, rising water scarcity concerns, and supportive government policies promoting smart water technologies.
 

Additionally, the integration of IoT and cloud-based platforms enables better data analytics and customer engagement, making smart water meters a crucial component of modern water management systems. The combination of technological advancements and regulatory support is expected to continue driving market growth in the coming years.
 

Asia Pacific Commercial Smart Water Meter Market Trends

The integration of advanced technologies such as the Internet of Things (IoT), machine learning, and data analytics is revolutionizing the smart water meter market. IoT-enabled smart water meters offer features like remote monitoring, automated billing, and real-time alerts for unusual consumption patterns, which enhance operational efficiency and customer service. Data analytics helps in predictive maintenance and demand forecasting, optimizing water distribution and usage.
 

Governments across the Asia Pacific region is implementing regulations and policies to encourage the adoption of smart water meters. Rapid urbanization in the Asia Pacific region is another critical factor contributing to the growth of the commercial smart water meter market. As cities expand, there is an increasing need for efficient water management systems to cater to the growing population and commercial activities. Smart water meters are being installed in new commercial buildings and infrastructure projects to ensure efficient water usage and compliance with environmental standards.
 

Asia Pacific Commercial Smart Water Meter Market Analysis

Based on technology, the AMI segment is anticipated to exceed USD 4.5 billion by 2032, since AMI technology enables real-time data collection and two-way communication between the meter and the utility provider. This capability significantly enhances operational efficiency by allowing for remote monitoring and management of water usage. Utilities can quickly detect and address leaks, reduce non-revenue water (NRW), and optimize water distribution, leading to substantial cost savings.
 

Based on product, the cold-water meter segment is anticipated to witness more than 5.5% CAGR through 2032, owing to its crucial role in monitoring and managing water consumption, aiding efforts to reduce wastage and promote sustainable water use practices. Advancements in metering technology have led to the development of more accurate and reliable cold-water meters. Innovations such as smart metering, IoT integration, and real-time data analytics enhance the functionality of these meters, making them more appealing to utilities and commercial users.
 

China commercial smart water meter market is projected to surpass USD 3.1 billion by 2032, due to the growing construction of new commercial buildings, industrial parks, and smart cities that requires efficient water management solutions, and smart water meters that are integral to these projects. The Chinese government has been proactive in promoting smart water management through various policies and initiatives. These include the implementation of stringent regulations aimed at reducing water wastage, improving water efficiency, and modernizing water infrastructure. Government support, including subsidies and incentives, encourages the adoption of smart water meters.
 

In countries including India, Japan and South Africa, advancements in metering technology, including the integration of IoT, AI, and data analytics, are enhancing the functionality and appeal of smart water meters. These technologies enable real-time monitoring, remote management, and predictive maintenance, making smart water meters more efficient and reliable.
 

Asia Pacific Commercial Smart Water Meter Market Share

Companies like Siemens, Landis+Gyr, and Itron Inc. hold significant revenue share in the Asia Pacific commercial smart water meter industry, due to their advanced technological solutions, strong brand reputation, and extensive industry experience. These companies offer highly reliable and innovative smart water metering systems, leveraging IoT, AI, and data analytics for enhanced efficiency and accuracy.
 

Asia Pacific Commercial Smart Water Meter Market Companies

Eminent players operating in the Asia Pacific commercial smart water meter industry include:

• Aclara Technologies LLC.
• Apator S.A.
• Arad Group
• Badger Meter, Inc.
• BMETERS Srl
• Diehl Stiftung & Co. KG
• Honeywell International Inc.
• Itron Inc.
• kamstrup
• Landis+Gyr
• Neptune Technology Group Inc.
• Ningbo Water Meter Co., Ltd.
• Schneider Electric
• Sensus
• Siemens
• Sontex SA
• ZENNER International GmbH & Co. KG
   

Asia Pacific Commercial Smart Water Meter Industry News

• In October 2023, KAIFA1 and UnaBiz2 unveiled a strategic partnership to expedite the global rollout of smart water metering solutions utilizing Sigfox 0G technology. Their collaboration seeks to launch a dual-mode hybrid solution integrating both Sigfox 0G and LoRa technologies. This partnership is set to provide advanced water metering solutions that are not only accurate and reliable but also cost-effective, scalable, and environmentally sustainable.
   
• In January 2024, Itron, Inc., a leader in innovating how utilities and cities manage energy and water, announced the expansion of its Aquadis+ volumetric water meter production to Southeast Asia. The meters are now being manufactured at Itron’s facility in Indonesia. This expansion aims to better serve Itron’s customers and meet the growing demand for Aquadis+ water meters in Asia Pacific countries, including Vietnam, Singapore, Indonesia, and Malaysia.
   

This Asia Pacific commercial smart water meter market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million & ‘000 Units” from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Technology

• AMI
• AMR

Market, By Product

• Hot Water Meter
• Cold Water Meter

The above information has been provided for the following countries across the regions:

• China
• Japan
• Australia
• South Korea
• India
• Rest of APAC