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Asia Pacific Smart Water Metering Market is estimated to surpass USD 300 million by 2024. Growing concern to limit the consumption level on account of defined policies for sustainable water use will stimulate the Asia Pacific smart water metering market growth. The industry players are making considerable investment toward development and expansion of supply network to ensure effective billing and accurate data reading. In addition, rising concerns for reducing of non-revenue water along with upgradation of existing infrastructure will enhance the industry outlook.
Japan smart water metering market is predicted to grow over USD 44 million by 2024. Growing need to ensure effective supply coupled with ongoing government norms toward encouraging efficient smart metering technology will complement the industry landscape. The Measurement Act defines the time frame for replacement and accuracy requirement for water meters ensuring the reliability and efficiency.
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.
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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.
Malaysia smart water metering market is set to grow on account of ongoing private sector funding coupled with adoption of smart solutions for ensuring streamlined operations. Large NRW losses on account of leakages in the distribution network and aging infrastructure have deteriorated the health of utilities. As per the estimates of Ministry of Energy, Green Technology and Water, the Non-Revenue Water estimated over 31% in 2015.
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.
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
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