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Asia Pacific Smart Water Metering Market Trends

  • Report ID: GMI2904
  • Published Date: Jul 2023
  • Report Format: PDF

Asia Pacific Smart Water Metering Market Trends

Many utilities and water management agencies across the Asia Pacific region are investing in modernizing their infrastructure and adopting digital technologies. Smart water metering is a key component of these initiatives, enabling data-driven decision-making, leak detection, and efficient customer service. The integration of data analytics and artificial intelligence (AI) technologies is gaining prominence in the smart water metering market. These technologies enable advanced data processing, anomaly detection, predictive maintenance, and optimization of water distribution systems. The deployment of smart water metering systems aligns with the broader smart city initiatives in the region.
 

Smart water metering is interconnected with other urban infrastructure systems, such as smart grids, smart buildings, and smart transportation, to create integrated and sustainable urban ecosystems. Many countries in the Asia Pacific smart water metering market face water scarcity challenges due to population growth, urbanization, and climate change. Smart water metering enables efficient water resource management by providing accurate and real-time data on water consumption, enabling utilities and consumers to monitor and conserve water resources effectively. The need to upgrade and modernize water infrastructure is driving the adoption of smart water metering systems. Aging water infrastructure in many countries requires replacement or retrofitting with advanced technologies to enhance efficiency, accuracy, and sustainability in water management.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market for smart water metering in APAC was valued over USD 338 million in 2022 and is projected to grow at a CAGR of around 30.9% through 2032.

The residential segment accounted for more than USD 170 billion in 2022, driven by increasing awareness of water conservation, advancements in technology, and regulatory support.

China smart water metering market held approximately 45% of the revenue share in 2022, attributed to the implementation of several initiatives and policies to improve water resource management, enhance water conservation, and promote the development of a smart water industry.

Diehl Stiftung & Co. KG, Siemens, Landis+Gyr, Honeywell International Inc., kamstrup, Itron Inc., Sontex SA, Sensus, Arad Group, ZENNER International GmbH & Co. KG, Ningbo Water Meter Co., Ltd., Schneider Electric, and Aclara Technologies LLC.

Asia Pacific Smart Water Metering Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Tables & Figures: 191
  • Countries covered: 5
  • Pages: 100
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