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Asia Pacific Smart Water Metering Market - Growth Prospects and Recent Share Estimation to 2024

Author : Ronak Bora | Published Date : 2020-08-25 

Accessibility of real time consumption data along with low-cost will stimulate Asia Pacific smart water metering market growth. These systems automatically diagnose & collects the consumption data and transfer reliable information to a central database for effective billing and one-way communication. AMR technology is considered as a preferred option across the industry in resolving issues pertaining to growing NRW loss, leakage detection and unreliable billing.

AMI smart water metering market is set to expand over 30% by 2024. Ongoing research and development measures toward introduction of advanced and precise metering technologies will positively influence the industry growth. Furthermore, rising adoption of smart measuring technologies across utilities for effective billing and addressing the water shortage will augment the business growth.

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Asia Pacific smart water metering market is expected to make remarkable inroads in the global smart technology space, primarily pertaining to the increasing deployment of smart infrastructure in the utility sector. Lately, there has been a rapid expansion in advanced water metering technology, especially in the developed economies of the Asia Pacific, given that smart water meters consist of a two-way communication or drive-by reads that provides utility companies with an additional connection to be offered to customers. In addition, a smart water meter can better understand water quality and distribution parameters, thereby enabling service reliability and efficiency across the electricity, water/sewer, natural gas, and oil sectors. These factors have naturally led to improved financial benefits to the utility industry as well as enhanced satisfaction for customers, providing a viable base for the expansion of APAC smart water metering market.

Asia Pacific, being a powerhouse of the manufacturing and construction sectors, has been the recipient of exorbitant electricity bills since quite a while. Indeed, the per capita consumption across some of the Asian nations has been reported to be among the highest across the globe. It is thus rather overt, that the deployment of advanced smart water meters, that have reportedly given water utilities accurate and timely data that better help serve their customers and also offer additional tactics for conserving water, thereby lowering water bills, is extremely crucial for the continent.

Due to rapid advancement in the water metering industry, utilities across the APAC now use cloud based IoT and analytics driven smart water metering solutions that potentially help end-use industries and consumers in making better decisions towards the conservation of natural resources. In addition, big data technology has also led to managing industry related challenges such as identify performance related issues, improving customer service and recording trends of events, eventually enabling industries experience the benefits of reduced operating costs and better prioritized infrastructure investments. Powered by the robust deployment of big data enabled water metering solutions, Asia Pacific smart water metering market is projected to experience substantial momentum ahead.

Australia smart water metering market will grow owing to increasing adoption of efficient digital technologies to provide reliable distribution channel. The industry has witnessed significant investment and number of projects for integrating smart metering solutions. In March 2018, Coliban Water, the regional authority has instigated a six-year smart meter roll out to the residential and commercial consumers.

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Eminent participants of Asia Pacific smart water metering market include Landis+GYR, Itron, Siemens, Arad, Badger Meter, Diehl Metering, Sensus, Peltek, Aclara, Honeywell Elster and Kamstrup

Table of Contents (ToC) of the report:

Chapter 4    Asia Pacific Smart Water Metering Market, By Technology

4.1   Asia Pacific smart water metering market share by technology, 2017 & 2024

4.2   AMI

4.2.1   Asia Pacific market from AMI, 2013 - 2024

4.2.2   Asia Pacific market from AMI, by region, 2013 – 2024

4.3   AMR

4.3.1   Asia Pacific market from AMR, 2013 - 2024

4.3.2   Asia Pacific market from AMR, by region, 2013 – 2024

Chapter 5    Asia Pacific Smart Water Metering Market, By Application

5.1   Asia Pacific smart water metering market share by application 2017 & 2024

5.2   Residential

5.2.1   Asia Pacific market from residential, 2013 - 2024

5.2.2   Asia Pacific market from residential, by region, 2013 – 2024

5.3   Commercial

5.3.1   Asia Pacific market from commercial, 2013 - 2024

5.3.2   Asia Pacific market from commercial, by region, 2013 – 2024

5.4   Utility

5.4.1   Asia Pacific market from Utility, 2013 - 2024

5.4.2   Asia Pacific market from Utility, by region, 2013 – 2024

Chapter 6    Asia Pacific Smart Water Metering Market, By Product

6.1   Asia Pacific smart water metering market share by product, 2017 & 2024

6.2   Smart Hot-Water Meter

6.2.1   Asia Pacific market from smart hot-water meter, 2013 - 2024

6.2.2   Asia Pacific market from smart hot-water meter, by region, 2013 – 2024

6.3   Smart Cold-Water Meter

6.3.1   Asia Pacific market from smart cold-water meter, 2013 - 2024

6.3.2   Asia Pacific market from smart cold-water meter, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/asia-pacific-smart-water-metering-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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