Press release
APAC Smart Water Metering Market to cross $300mn by 2024 | Top Key Players; Schneider Electric, Siemens, Honeywell, Itron, Inc., Landis+Gyr, Kamstrup
APAC Smart Water Metering Market
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According to latest study by Global Market Insights, Inc, APAC 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Schneider Electric
2. Siemens
3. Honeywell
4. Itron, Inc.
5. Landis+Gyr
6. Kamstrup
Japan smart water metering market is set to surpass USD 44 million by 2024. Favorable government regulations toward the adoption of efficient smart metering devices and maintenance of effective supply will positively influence the business growth. The Measurement Act maintains the accuracy and reliability of water meters by laid standards and provisions for accuracy requirements and time frame for replacement of existing meters.
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Low-cost along with its capability to provide real-time consumption information to the utilities will foster the APAC smart water metering market. These systems effectively perform automatic collection & diagnosis of consumption data from metering devices and transfers that to a central database for one-way communication and billing. Recognizing the utility needs concerning NRW monitoring, accurate billing and leakage detection, the AMR systems are considered as a prominent solution across the sector.
AMI smart water metering market will grow over 30% by 2024. Ongoing technological advancement toward the development of accurate metering technologies will augment the industry landscape. In addition, increasing adoption of smart technologies across utilities to reduce the water shortage and ensure effective billing will enhance the business outlook.
Active implementation of smart technology solutions for streamlined operations along with strong private sector investments will foster the Malaysia smart water metering market growth. Utilities are facing huge NRW losses owing to aging infrastructure and leakages in the distribution network. As per the Ministry of Energy, Green Technology & Water, in 2015, the Non-Revenue Water accounted for over 31%.
Browse key industry insights spread across 198 pages with 286 market data tables & 19 figures & charts from the report, APAC Smart Water Metering Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/asia-pacific-smart-water-metering-market
India smart water metering market size is projected to grow on account of aging infrastructure, leakage issues and non-revenue water loss. The government is adopting active measures for promoting water metering across the country under its smart cities program. Growing population along with rising demand from agricultural sector will further augment the business landscape.
China smart water metering market is set to expand over 15% by 2024. Severe water scarcity and degraded quality are the major concerns across the nation. Active promotional programs coupled with the adoption of digital devices by government authorities will positively influence the industry outlook. As per the 12th & 13th five-year plan, the government has introduced smart city investment hub for the deployment of smart electricity and water meters across the nation.
Key industry players operating across the APAC smart water metering market include Diehl Metering, Peltek, Apator, Schneider Electric, Siemens, Honeywell Elster, Badger Meter, Itron, Aclara Technologies, Landis+Gyr, Arad Group, Sensus, Kamstrup, and Jiangxi Sanchuan.
Browse Related Reports: https://www.gminsights.com/industry-analysis/smart-water-metering-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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