Smart Water Metering Market Trends Analysis 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 growth will be driven by increasing efforts for effective resource utilization coupled with positive measures to meet water scarcity across different regions. Widespread utilization of these meters across residential establishments will further boost the product adoption.

Smart Water Metering Market size for 2016 was over USD 900 million and will exceed USD 3 Billion by 2024, as reported in the latest study by Global Market Insights, Inc. 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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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.

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 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. For instance, in 2016, a smart city investment hub was launched in China as a part of the China's 12th and 13th five-year plan. The initiative augments the demand for effective water monitoring and allocates funds to deploy smart meters across the nation’s water networks.

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

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.

Key industry players operating in the smart water metering market comprise of participants include 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

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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