PUBLISHER: Inkwood Research | PRODUCT CODE: 1096645
PUBLISHER: Inkwood Research | PRODUCT CODE: 1096645
The Asia-Pacific smart water meter market is evaluated to record a CAGR of 9.42% during the forecast period, 2022-2030. The adoption of smart water meters is boosted by rapid urbanization. Also, the government is pushing for a one-household-one-meter policy, encompassing 656 cities to upgrade their water metering systems.
The Asia-Pacific smart water meter market growth analysis includes the evaluation of Japan, South Korea, China, India, Thailand, Australia and New Zealand, Vietnam, and Rest of Asia-Pacific. Countries like Indonesia are partnering with various government agencies to develop smart water management. For instance, Perum Jasa Tirta II (PJT II) collaborated with Korea Water Resources Corporation (K-Water) for information technology development. In countries like Thailand, smart water management has become essential due to the periodic occurrence of natural disasters. The initiatives taken by the government for systematic water resource management are expected to enhance the adoption of smart water meters.
In Vietnam, the smart water meter is used to tackle the problem of huge water loss every year. Also, various programs are being undertaken wherein, through the installation of small scale water treatment technology systems, it aims to provide safe drinking water to the students. In Australia, the advanced technology used to solve acute water scarcity affects market growth indirectly, in a positive manner.
Landis+Gyr AG (Acquired by Toshiba Corporation), ICSA (India) Limited, Mueller Water Products Inc, Badger Meter Inc, etc., are some of the leading companies in the market.