Smart Water Meters Market Analysis with Industry Players like Itron, Aclara Technologies LLC, Mueller, Elster Group, and Sensus

According to a new market research study titled ‘Smart Water Meter Market to 2025 – Global Analysis and Forecasts by Types, Components, and End-Users, the global smart water meter market is accounted to US$ 1,506.2 Mn in 2017 and is also estimated to reach US$ 3,832.0 Mn by 2025. The report highlights the trends prevalent in the global smart water meter market and the factors driving the market along with those that act as deterrents to its growth.

Encouraging public private partnerships to invest in the R&D activities and deployments of smart water meters to create more opportunities for the manufacturers in the smart water meter market which is forecasted to grow at a CAGR of 12.4%.

Get sample copy of this market study: https://www.theinsightpartners.com/sample/TIPTE100000347/?utm_source=OpenPR&utm_campaign=SS

Top Impacting Factors:

The future market for smart water meter is promising, as the OEMs and other research centers are continually intending to deploy smart and connected technologies for efficient monitoring and operations without any human interference. As a result, technologically enriched sensors systems are being developed, which is expected to attract the significant number of industries in the coming years. Due to moderate entry barrier to industry, tier 2 companies are entering the market, also well-established companies operating in the market are coming up with new offerings. Major manufacturers of the smart water meters are based in North America and Europe region. However, the new growth opportunities are emerging at a high rate in the Europe and Asia Pacific region in especially in countries such as Germany, Italy, Spain, the UK, China, Japan, and India, among others.

Top Dominating Players:
1. ARAD Group
2. DIEHL Metering Group.
3. Elster
4. Kamstrup A/S
5. Mueller
6. Sensus

Non-revenue Water (NRW) is a major concern to the water distribution centers across the globe. The non-revenue water refers to the difference between the amount of water produced and quantity of water billed to the customers. The loss of water from the source to destination occurs due to various reasons such as leaks which are referred to as physical loss, and metering inaccuracies, tampering or theft which are apparent losses. In the current scenario, the NRW is alarming at an exponential rate leading to water scarcity and associated issues. On an average, water theft/ illegal tapping is responsible for 8% non-revenue water in North America year on year. Various developed and developing nations across the globe are witnessing a paradigm shift to smart cities.

Make purchase inquiry: https://www.theinsightpartners.com/inquiry/TIPTE100000347/?utm_source=OpenPR&utm_campaign=SS

The government of various countries are adopting the momentum of smart cities thereby, investing in the development of internet infrastructure in the countries with an aim to bring robust urbanization. The US is experiencing a huge growth in numbers of cities transforming to smart cities especially focused on energy, traffic, and transportation. European countries are also emphasizing smart cities in order to enhance their infrastructures. Currently, the European countries are accentuating to transform energy, mobility, and transport as well as ICT industry into smart technology. In Asia Pacific regions, China, India, and Southeast Asian countries such as Singapore, Malaysia among others are constantly upgrading their cities with advanced technologies in order to make them more intelligent. The demand for smart water meter is anticipated to witness an exponential growth in these smart cities as the smart city initiatives majorly focus on the energy sector.

The smart water meter market is segmented on the basis of types, components, and end-users; analyzed across five major geographical regions, namely North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). AMI and AMR are the segmentations under the type category for smart water meter whereas controlling unit; display, storage & integrated software; and others form the components segment.

Access full summary: https://www.theinsightpartners.com/reports/smart-water-meters-market/?utm_source=OpenPR&utm_campaign=SS

Reasons to buy this report:

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global smart water meter market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the smart water meter market, thereby allowing players across the value chain to develop effective long term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

This release was published on openPR.