Press release
Smart Water Metering Market Growth Evolution By Key Players: Schneider Electric, Siemens, Sensus, Landis+Gyr, Honeywell, Itron, Inc., Kamstrup, Aclara, Badger Meter, Neptune Technology Group, Diehl Group
Smart Water Metering Market
Smart Water Metering Market for 2016 was over USD 900 million and will exceed USD 3 Billion by 2024. Adequate measures toward monitoring Non-Revenue Water (NRW) coupled with effective mapping of water resources will boost the smart water metering market. Increasing efforts to improve the efficiency of water networks and adequate addressing of unbilled water consumption will further enhance the business landscape.
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For Europe, France smart water metering market will exceed an annual installation of 2 million units by 2024. Growing administrative emphasis for replacement of conventional meters coupled with financial government assistance will stimulate the business landscape. Foreign collaborations toward the deployment of high performance advanced systems along with efforts to reduce water theft will further enhance the industry outlook.
U.S. smart water metering market will witness growth of over 6% by 2024. Increasing efforts to map water leakage through distribution mains coupled with replacement of existing pipeline networks will further boost the industry growth. As per IBNET, in the U.S., an average of 24% water is lost per year as NRW.
AMI smart water metering market is predicted to witness robust growth owing to its ability to monitor unmetered water consumption while eliminating related metering discrepancies. Growing consumer inclination toward resource conservation and accurate billing will further complement the technology adoption.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Schneider Electric
2. Siemens
3. Sensus
4. Landis+Gyr
5. Honeywell
6. Itron, Inc.
7. Kamstrup
8. Aclara
9. Badger Meter
10. Neptune Technology Group
11. Diehl Group
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Smart Water Metering Market, By Technology
• AMI
• AMR
Smart Water Metering Market, By Application
• Residential
• Commercial
• Utility
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.
Growing private sector investments coupled with proactive adoption of smart technology solutions will propel the China smart water metering market growth. Rollout of cellular technology solutions along smart city projects for ensuring environmental sustainability will further boost the product adoption. The initiative augments the demand for effective water monitoring and allocates funds to deploy smart meters across the nation’s water networks.
Key industry players operating in the smart water metering market comprise of Diehl Group, Neptune Technology Group, Apator, Schneider Electric, Siemens, Badger Meter, Aclara, Sensus, Landis+Gyr, Honeywell, Itron, Inc., Kamstrup, Arad Group, and Jiangxi Sanchuan Water Meter Co., Ltd.
Browse key industry insights spread across 311 pages with 552 market data tables & 16 figures & charts from the report, Smart Water Metering Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/smart-water-metering-market
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