Smart Water Metering Market 2020 by Historical Growth, Analysis, Opportunities and Forecast To 2024
Date: 2020-02-29   Author: Ronak Bora  Category: #market

Smart Water Metering Market 2020 by Historical Growth, Analysis, Opportunities and Forecast To 2024

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.

China is expected to emerge as one of the most pivotal revenue grounds for APAC smart water metering market, particularly on account of the extreme water scarcity and the poor quality of water in the country. The issue is vividly being addressed by the government by means of active promotional programs in tandem with the implementation of digital devices.

Reports claim that Chinese government, in its 12th & 13th five-year plans, has launched the smart city investment hub to propel the deployment of smart water and electricity meters across the country. Powered by the support of government authorities, APAC smart water metering market size from China is anticipated to grow at a CAGR of 15% over 2018-2024.

Currently, most of the countries in the Asian continent have been involved in smart city projects in order to encounter the basic needs of the growing populace in the urban areas. Say for instance, in India, the union government has planned to develop dozens of smart cities, considering the future consequences of robust urbanization. Citing the smart city strategy across India, the U.N. agency that deals with cities, UN-Habitat estimates that by the end of 2025, India will have approximately 300 million urban residents. In line with the increasing population, it would indeed become mandatory to provide clean and sufficient water at affordable rates for better livelihood. On the grounds of the same, for sustainable water distribution, the Indian government is encouraging the masses to install smart water meters at new construction sites and replace old metering systems at old residential and commercial buildings.

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Focusing on the changing inclination of the public toward the use of smart meters of better energy and money savings, key players in the APAC smart water meter market have been implementing various business tactics to obtain heavy ROI. In Australia, local authorities have been deploying smart metering technologies on a large scale that have generated numerous opportunities for energy companies based in Australia. Recently, in Australia, Pacific Equity Partners, and smart metering giant, Landis+Gyr have collaborated to acquire well-known energy retailer in Australia, Acumen. With this acquisition, the JV of this duo will deploy nearly 8 million smart meters Queensland, NSW, Australian Capital Territory, and South Australia in the coming years. The growing installation of smart metering services in industrial, residential, and commercial sectors across Australia is poised to enhance the overall share of APAC smart water meter industry.

Some Points from Table of Content: 

Chapter 4    Smart Water Metering Market, By Application

4.1    Market share by application, 2016 & 2024

4.2    Residential

4.2.1    Global market from residential, 2013 – 2024

4.2.2    Global market from residential, by region, 2013 – 2024

4.3    Commercial

4.3.1    Global market from commercial, 2013 – 2024

4.3.2    Global market from commercial, by region, 2013 – 2024

4.4    Utility

4.4.1    Global market from utility, 2013 – 2024

4.4.2    Global market from utility, by region, 2013 – 2024

Chapter 5    Smart Water Metering Market, By Technology

5.1    Market share by technology, 2016 & 2024

5.2    AMI

5.2.1    Global market from AMI, 2013 – 2024

5.2.2    Global market from AMI, by region, 2013 – 2024

5.3    AMR

5.3.1    Global market from AMR, 2013 – 2024

5.3.2    Global market from AMR, by region, 2013 – 2024

Chapter 6    Smart Water Metering Market, By Product

6.1    Smart water metering market share by product, 2016 & 2024

6.2    Smart hot-water meter

6.2.1    Global market from smart hot-water meter, 2013 – 2024

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

6.3    Smart cold-water meter

6.3.1    Global market from smart cold-water meter, 2013 – 2024

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

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for algosonline 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.


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