Smart Water Metering Market Trend to 2024 Profiling Badger Meter, Itron, Siemens, Arad Group, Schneider Electric, Sensus Sentec, Neptune

Smart Water Metering Market Size, Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Russia, Sweden, Italy, Denmark, Austria, Spain, Japan, China, South Korea, India and etc,), Application Development status, Price Trend, Competitive Market Share & Forecast, 2017 – 2024.

Smart Water Metering Market is set to reach over USD 3 Billion by 2024. Implementation of favorable government policies and rollout programs toward the adoption of intelligent systems will boost the smart water metering market. Initiatives focusing on effective water monitoring and conservation will further propel the industry landscape. For instance, the European Union in collaboration with the International Monetary Fund announced a mandatory rollout of smart water meters in Ireland.

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Increasing measures toward water security and monitoring of Non-Revenue Water (NRW) will enhance the smart water metering market. Increasing urbanization, ageing distribution mains and rising energy cost will further provide a stimulus to the industry outlook. According to the World Bank, 32 billion cubic meters of treated water is lost through leakages in distribution network worldwide. An additional 16 billion cubic meters is supplied annually but not charged due to poor metering, inappropriate billing and thefts.

U.S. smart water metering market is projected to expand over 6% by 2024. Ongoing water conservation reforms coupled with government funding toward installation of smart grid technologies will positively drive the product adoption. In 2013, the U.S. Department of Energy and the Smart Grid Investment Grant (SGIG) mutually sponsored the installation of smart grid infrastructure in the nation and provided a federal financial assistance of over USD 8 billion in 99 ventures.

AMI smart water metering market is predicted to grow over 28% by 2024. The use of AMI systems is attributed to quick detection of water leakages, reduction in water wastage and improved water supply. These systems offer advanced capabilities in data analysis and operations.

Rising demand for effective management, monitoring, and utilization of water will fuel the smart water metering market. Global initiatives toward water conservation and measures to address water scarcity will further propel the business landscape. In 2015, the U.S. average water consumption has witnessed significant drop owing to growing water conservation concerns across various states in the country.

Growing measures toward effective mapping of water distribution coupled with regulatory regimes to limit non-revenue water loss will complement the Europe smart water metering market. Increasing administrative emphasis toward the development of high performance advanced systems will further embellish the industry growth.

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Ongoing technological advancement to develop effective and precise metering technologies will boost the commercial smart water metering market. Rising concerns relating to reduction of water wastage and water scarcity will further facilitate the product adoption.

Notable players operating in the industry comprise of Landis+GYR, Badger Meter, Itron, Siemens, Arad Group, Schneider Electric, Sensus Sentec, Neptune, Kamstrup, Elster Group, Diehl Metering and Honeywell International.

Growth drivers
• Non-revenue water (NRW) monitoring and control
• Emerging Intelligent sustainable water management solutions
• Favorable government regulations
• Accuracy & savings in billingsEffective monitoring of consumption patterns

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Global Smart Water Metering Market Professional Survey Report 2017
This report studies Smart Water Metering in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.
https://www.marketstudyreport.com/reports/global-smart-water-metering-market-professional-survey-report-2017/?utm_source=RR-SP

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