Market Share of Asia Pacific Water Meter Industry
The Asia-Pacific water meter market is moderately competitive and expected to grow in competition during the forecast period owing to increasing awareness and increased demand. Major players in the market include Honeywell International Inc., Diehl Stiftung & Co. KG, Arad Group, and UPC Instruments Pvt. Ltd.
In November 2022, Itron Inc., a water and energy resource management technology company, announced a plan for Singapore’s national water agency to roll out around 300,000 smart water meters to its existing Itron industrial IoT network. The initial phase of the Smart Water Meter Program will likely be launched in Hougang, Bukit Batok, Tampines, Jurong West, and Tuas, as well as in the residents of Tengah and Tampines North.
In March 2022, a consortium led by Iota and Optus Networks Australia was awarded the Advanced Metering Infrastructure (AMI) Smart Water Meter contract for the Toowoomba Regional Council (TRC). The contract is expected to see a staged implementation of up to 68,000 smart water meters.
Asia Pacific Water Meter Market Leaders
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Honeywell International Inc.
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Diehl Stiftung & Co. KG
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Arad Group
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UPC Instruments Pvt. Ltd.
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Adept Fluidyne Pvt. Ltd.
*Disclaimer: Major Players sorted in no particular order
