아시아태평양의 스마트 수도 미터 시장 : 예측 - 지역별 분석 - 유형별, 구성 요소별, 최종 사용자별, 미터 유형별(-2031년)

The Asia Pacific smart water metering market was valued at US$ 575.06 million in 2023 and is expected to reach US$ 801.41 million by 2031; it is estimated to register a CAGR of 4.2% from 2023 to 2031.

Integration with IoT and Data Analytics Fuels Asia Pacific Smart Water Metering Market

The integration of smart water meters with the Internet of Things (IoT) and advanced data analytics platforms presents a significant opportunity for the growth of the smart water metering market. IoT-enabled smart meters collect real-time data on water usage, providing utilities with immediate insights into consumption patterns, system performance, and potential issues such as leaks or irregular usage. This seamless connectivity allows for remote monitoring, eliminating the need for manual meter readings and enabling more efficient management of water resources. Data analytics platforms enhance the value of this integration by processing the vast amounts of data generated by smart meters. These platforms can identify trends, forecast demand, detect anomalies, and optimize water distribution in real-time. For example, utilities can use predictive analytics to proactively address maintenance needs, reducing downtime and preventing costly repairs. Additionally, consumers can access personalized usage data through apps or online portals, empowering them to make informed decisions about water conservation and potentially lower their utility bills.

This integration not only improves the operational efficiency of utilities but also promotes transparency and accountability. It offers a more sustainable approach to water management by reducing waste, enhancing resource allocation, and increasing customer satisfaction. As IoT and data analytics technologies continue to evolve, their role in optimizing smart water metering systems will become increasingly crucial in modern water management strategies.

Asia Pacific Smart Water Metering Market Overview

Asia Pacific remains the world's most vulnerable region to water security and thus needs to address this issue for the economic growth of countries. As per research conducted by the Asian Development Bank, close to 3.4 billion people in Asia Pacific will be living in water-stressed areas by 2050, while the demand for water is expected to increase by 55%. Asia Pacific is home to around 60% of the world's population, which needs access to clean water for potable uses, as well as for other household purposes. Additionally, climate change plays another critical role in the water supply crisis in the region. Some areas of the region remain heavily flooded, whereas a few faces huge water scarcity problems. Therefore, there is a dire need for government intervention in Asian countries to minimize water wastage and maintain water assets to ensure long-term sustainability of water supply. A large population in China and India, the expanding middle-class population in these countries, and the growing manufacturing sector in both countries are poised to foresee a bright future for the deployment of smart water meters in the countries. Water is a pressing priority in most of the manufacturing industries, and also many Asian countries are agrarian economies where water is a prime requirement. The scarcity of water resources in the current times demands a more robust and efficient water distribution system. The efficient water distribution system ensures proper accountability and supply of water and becomes extremely critical in areas that face draught-like situations. Smart water meters coupled with analytics software for control management empower the concerned authorities to plan well in advance on the volume of water to be distributed in a particular area, depending upon the availability of water. Climatic conditions play an important role in annual water forecasts. Thus, smart water metering systems can be useful for municipal corporations and water utilities in planning the volumes of water for urban distributions. 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 boost the demand for smart water meters. Countries such as Vietnam, Cambodia, and the Philippines will follow suit in the adoption of smart water meters post the success of IIoT in Asia, increasing overall supply chain efficiency in the region.

Ambitious digital initiatives in countries of Southeast Asia have spurred government support for smart water meter rollout. There are a few Asian countries, including Singapore, taking significant steps to promote digital water technologies. Singapore's national water agency, PUB, is utilizing an Itron industrial IoT network canopy for smart water metering applications from SP Group in November 2022. This network would connect around 300,000 C&I and residential smart water meters while fueling water conservation goals. The installation of new water technologies is an integral part of PUB's Smart Water Meter Program that is projected to change the organization into a smart utility. The first phase of a smart water meter program will be introduced in Bukit Batok, Jurong West, Hougang, Tampines, and Tuas, along with real state parts, including Tampines North and Tengah. Such developments drive the demand for smart water meters across the region. Kamstrup, Sensus Technologies, Itron, Aichi Tokei Denki, and Elster Group are among the prominent market players in Asia Pacific. Japan, New Zealand, and Australia are a few advanced countries in the region that lead the adoption of smart water metering systems. Also, IoT integrations and LPWAN integrations have been ramped up in these countries. Other Southeast Asian countries, including Singapore, South Korea, Vietnam, Hong Kong, India, and China, are on the verge of rapid growth for the deployment of smart water meters in industrial and agricultural sectors, as well as households.

Asia Pacific Smart Water Metering Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Smart Water Metering Market Segmentation

The Asia Pacific smart water metering market is categorized into type, component, end user, meter type, and country.

Based on type, the Asia Pacific smart water metering market is bifurcated into AMI and AMR. The AMR segment held a larger market share in 2023.

In terms of component, the Asia Pacific smart water metering market is categorized into controlling unit, display storage & integrated software, and others. The display storage & integrated software segment held the largest market share in 2023.

By end user, the Asia Pacific smart water metering market is bifurcated into residential and industrial. The residential segment held a larger market share in 2023.

Based on meter type, the Asia Pacific smart water metering market is categorized into ultrasonic meters, electromagnetic meters, and electromechanical meter. The ultrasonic meters segment held the largest market share in 2023.

By 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 Asia Pacific smart water metering market share in 2023.

Kamstrup AS, Mueller Water Products Inc, Badger Meter Inc, Itron Inc, Arad Ltd, Sensus USA Inc, WAVIoT Integrated Systems LLC, and Diehl Stiftung & Co KG., are among the leading companies operating in the Asia Pacific smart water metering market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Secondary Research
• 3.2 Primary Research
  • 3.2.1 Hypothesis formulation:
  • 3.2.2 Macro-economic factor analysis:
  • 3.2.3 Developing base number:
  • 3.2.4 Data Triangulation:
  • 3.2.5 Country level data:

4. Asia Pacific Smart Water Metering Market Landscape

• 4.1 Overview
• 4.2 Ecosystem Analysis
  • 4.2.1 List of Vendors in the Value Chain

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 Nonrevenue Water Monitoring and Control
  • 5.1.3 Increasing Number of Smart Water Meter Projects across Different Region
• 5.2 Market Restraints
  • 5.2.1 High Initial Investment and Lack of Knowledge
  • 5.2.2 Vulnerable to Cyber Attacks
• 5.3 Market Opportunities
  • 5.3.1 Integration with IoT and Data Analytics
• 5.4 Future Trends
  • 5.4.1 Increase in Demand for Smart Water Meters with Rise in Smart City Initiatives
• 5.5 Impact of Drivers and Restraints:

6. Smart Water Metering Market - Asia Pacific Analysis

• 6.1 Smart Water Metering Market Revenue (US$ Million), 2021-2031
• 6.2 Smart Water Metering Market Forecast Analysis

7. Asia Pacific Smart Water Metering Market Analysis - by Type

• 7.1 AMI
  • 7.1.1 Overview
  • 7.1.2 AMI: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
• 7.2 AMR
  • 7.2.1 Overview
  • 7.2.2 AMR: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)

8. Asia Pacific Smart Water Metering Market Analysis - by Component

• 8.1 Controlling Unit
  • 8.1.1 Overview
  • 8.1.2 Controlling Unit: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
• 8.2 Display Storage & Integrated Software
  • 8.2.1 Overview
  • 8.2.2 Display Storage & Integrated Software: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
• 8.3 Others
  • 8.3.1 Overview
  • 8.3.2 Others: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)

9. Asia Pacific Smart Water Metering Market Analysis - by End User

• 9.1 Residential
  • 9.1.1 Overview
  • 9.1.2 Residential: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
• 9.2 Industrial
  • 9.2.1 Overview
  • 9.2.2 Industrial: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)

10. Asia Pacific Smart Water Metering Market Analysis - by Meter Type

• 10.1 Ultrasonic Meters
  • 10.1.1 Overview
  • 10.1.2 Ultrasonic Meters: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
• 10.2 Electromagnetic Meters
  • 10.2.1 Overview
  • 10.2.2 Electromagnetic Meters: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
• 10.3 Electromechanical Meter
  • 10.3.1 Overview
  • 10.3.2 Electromechanical Meter: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)

11. Asia Pacific Smart Water Metering Market - Country Analysis

• 11.1 Asia Pacific Smart Water Metering Market Overview
  • 11.1.1 Asia Pacific: Smart Water Metering Market Breakdown, by Key Country, 2023 and 2031 (%)
    • 11.1.1.1 Asia Pacific: Smart Water Metering Market - Revenue and Forecast Analysis - by Country
    • 11.1.1.2 Australia: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.2.1 Australia: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.2.2 Australia: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.2.3 Australia: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.2.4 Australia: Smart Water Metering Market Breakdown, by Meter Type
    • 11.1.1.3 China: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.3.1 China: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.3.2 China: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.3.3 China: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.3.4 China: Smart Water Metering Market Breakdown, by Meter Type
    • 11.1.1.4 India: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.4.1 India: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.4.2 India: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.4.3 India: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.4.4 India: Smart Water Metering Market Breakdown, by Meter Type
    • 11.1.1.5 Japan: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.5.1 Japan: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.5.2 Japan: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.5.3 Japan: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.5.4 Japan: Smart Water Metering Market Breakdown, by Meter Type
    • 11.1.1.6 South Korea: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.6.1 South Korea: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.6.2 South Korea: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.6.3 South Korea: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.6.4 South Korea: Smart Water Metering Market Breakdown, by Meter Type
    • 11.1.1.7 Rest of APAC: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.7.1 Rest of APAC: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.7.2 Rest of APAC: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.7.3 Rest of APAC: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.7.4 Rest of APAC: Smart Water Metering Market Breakdown, by Meter Type

12. Competitive Landscape

• 12.1 Heat Map Analysis by Key Players
• 12.2 Company Positioning & Concentration

13. Industry Landscape

• 13.1 Overview
• 13.2 Market Initiative
• 13.3 Product Development
• 13.4 Mergers & Acquisitions

14. Company Profiles

• 14.1 Kamstrup AS
  • 14.1.1 Key Facts
  • 14.1.2 Business Description
  • 14.1.3 Products and Services
  • 14.1.4 Financial Overview
  • 14.1.5 SWOT Analysis
  • 14.1.6 Key Developments
• 14.2 Mueller Water Products Inc
  • 14.2.1 Key Facts
  • 14.2.2 Business Description
  • 14.2.3 Products and Services
  • 14.2.4 Financial Overview
  • 14.2.5 SWOT Analysis
  • 14.2.6 Key Developments
• 14.3 Badger Meter Inc
  • 14.3.1 Key Facts
  • 14.3.2 Business Description
  • 14.3.3 Products and Services
  • 14.3.4 Financial Overview
  • 14.3.5 SWOT Analysis
  • 14.3.6 Key Developments
• 14.4 Itron Inc
  • 14.4.1 Key Facts
  • 14.4.2 Business Description
  • 14.4.3 Products and Services
  • 14.4.4 Financial Overview
  • 14.4.5 SWOT Analysis
  • 14.4.6 Key Developments
• 14.5 Arad Ltd
  • 14.5.1 Key Facts
  • 14.5.2 Business Description
  • 14.5.3 Products and Services
  • 14.5.4 Financial Overview
  • 14.5.5 SWOT Analysis
  • 14.5.6 Key Developments
• 14.6 Sensus USA Inc
  • 14.6.1 Key Facts
  • 14.6.2 Business Description
  • 14.6.3 Products and Services
  • 14.6.4 Financial Overview
  • 14.6.5 SWOT Analysis
  • 14.6.6 Key Developments
• 14.7 WAVIoT Integrated Systems LLC
  • 14.7.1 Key Facts
  • 14.7.2 Business Description
  • 14.7.3 Products and Services
  • 14.7.4 Financial Overview
  • 14.7.5 SWOT Analysis
  • 14.7.6 Key Developments
• 14.8 Diehl Stiftung & Co KG
  • 14.8.1 Key Facts
  • 14.8.2 Business Description
  • 14.8.3 Products and Services
  • 14.8.4 Financial Overview
  • 14.8.5 SWOT Analysis
  • 14.8.6 Key Developments

15. Appendix

• 15.1 About The Insight Partners
• 15.2 Word Index