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Smart Water Metering Market Leading Players: Itron, Schneider Electric, Landis+GYR, Badger Meter, Siemens, Arad Group, Sensus Sentec, Elster Group, Neptune, Kamstrup, Honeywell International, Diehl Metering
Smart Water Metering Market
According to latest study by Global Market Insights, Inc, the smart water metering market to expand 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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Top Key Players: -
Key industry players operating in the smart water metering market comprise of Itron, Schneider Electric, Landis+GYR, Badger Meter, Siemens, Arad Group, Sensus Sentec, Elster Group, Neptune, Kamstrup, Honeywell International and Diehl Metering.
Market share calculation in this report is not done based on companies covered in it. The calculation of smart water metering market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Utilities smart water metering market is anticipated to witness an appreciable growth on account of intensifying water conservation measures in response to excessive NRW losses. Improved customer service, reduction in operational expenditure and workforce management are some of the distinguishing features validating the product’s supremacy across utilities. For instance, several utilities including the Alabama Decatur Utilities have accelerated the sturdy rollout of these meters throughout the U.S.
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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Rising demand for accurate billing along with operational cost optimization will augment the smart water metering market. Increasing investment in development of smart grid infrastructure along with enhanced efforts for resource conservation will further complement the business outlook. 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.
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.
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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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