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Mergers and Acquisitions (M&A) Expand Service Propositions, But it is Unique Business Model that is Key to Success in Asia-Pacific
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The Asia-Pacific (APAC) water meter market, comprising basic water meters, automated meter reading (AMR), and advanced metering infrastructure (AMI) technologies is growing steadily due to the region-wide focus on improving metering penetration and reducing non-revenue water (NRW) losses. The market is likely to grow at a modest Compound Annual Growth Rate (CAGR) of 3.5% between 2016 and 2022, propelled by the growing rate of metering in the region and the adoption of smart water metering in key developed nations. In addition to the analysis of market growth factors, this study offers insights into the broader trends influencing the water meter market and its participants. Utilities have realized the importance of increasing cost recovery in ensuring the financial and environment sustainability of water supply. Strong private sector investment is also expected in the market due to a shift in the investment focus from China and India toward emerging markets. This environment of change has proved beneficial to the water meter market, with the region witnessing an increase in the pace of project implementation and a leapfrogging in adoption of smart metering systems. The water meter market in APAC is still nascent with a highly fragmented market. Water meter market leaders from Japan and Europe have already begun capitalizing on the largely underdeveloped Southeast Asian meter market. Key companies in the region include Itron, Elster, Aichi Tokei Denki, Sensus, Arad, and K-Water. While Japan and Australia are currently the markets with the most activity, developing markets such as Indonesia, Singapore, and South Korea are expected to offer strong growth opportunity in the coming years. Frontier markets such as the Philippines and Vietnam will be fail-safe long-term bets. In terms of market segment performance, the market share of basic meters will gradually be eroded by smart metering technologies due to the need for better demand management and increased cost recovery from customers.
This study covers water metering units and associated communication devices that are used in the residential water supply networks and excludes service segments such as engineering and design, meter data management, and operation and maintenance of these systems. The market trends have been analyzed for the study period 2014 to 2022, with the base year being 2017. The market is segmented by the key technologies in the market—basic meters, AMR, and AMI and by the key regions – Australia, Indonesia, Japan, Singapore, and Rest of APAC. In addition to the drivers and restraints in the market, this study also highlights key market trends and strategies that market participants should consider to improve their performance in the region.
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