Press release
SMART WATER METER MARKET Is Crucial To Your Business. Learn Why! With Top Details Global Analysis and Forecasts by Types (Automatic Meter Reader and Advanced Metering Infrastructure); Components (Controlling Units, Display Storage & Integrated Software, a
The Smart Water Meter market segmentation is done on the basis of type, components and end-users. The market for smart water meter is segmented on the basis of type into Advanced Metering Infrastructure (AMI), and Automated Meter Reading (AMR). The major components of a smart water meter form the basis of market segmentation into controlling unit; display, storage & integrated software; and others. The end-user segmentation for smart water meter market includes residential and industrial users.The Global Smart Water Meter market is expected to grow from US$ US$ 1506.2 Mn in 2017 to US$ 3832.0 Mn by 2025 at a CAGR of 12.4% between 2018 and 2025.
The majority of the world is facing an acute water scarcity pertaining to various factors such as illegal water tapping, pipeline tampering, and leakage. Other factors including rapid urbanization and ageing infrastructure is also a key factor behind water scarcity. Water providers and water utilities are constantly adopting various technologies in order to supply adequate quantity of water to every area, along with reducing the operational costs, managing assets as well as supporting conservation.
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The population is growing at an exponential rate across the globe and owing to the growth rate, the demand for water is anticipated to grow certainly. With an objective to supply the required or demanded quantity of water, the water providers or utilities are upgrading their traditional water metering systems with new advanced technologies including automatic meter readers or advanced metering infrastructure. Among the end users, residential sector in developed countries and developing economies is adopting the technologically enriched water meters in order to monitor and check the water consumption pattern. The smart water meters also facilitates the residential areas by alarming in case of pipeline leakage, tampering efforts, reverse flow, thereby reducing water loss and associated loss. The industrial sector is also upgrading their water meters with intelligent water meters as these smart technologies help the industries to understand the quantity of water allotted to them, quantity of water supplied at the end and quantity of water billed at the end of the time period. In order to reduce non-revenue water bill generation, the industries are increasingly procuring these smart water meters, thereby helping the market to propel over the years.
North America is expected to remain dominant over the forecast period and is anticipated to 30 BPS over 2018 -2028 to account for 41.6% by 2028. The growth in the region is primarily driven by older infrastructure development and high labour cost in the region. However, in other regions such as the Asia Pacific and the Middle East the utilities are not able to leverage the capabilities of such expensive systems as the smart water meters are not just about installing digital interfaces in traditional infrastructure or streamlining city operations. It is more about using technology and data purposefully to make better decisions and deliver a better quality of service to end-users.
List of Companies
1. ARAD Group
2. DIEHL Metering Group.
3. Elster
4. Kamstrup A/S
5. Mueller
6. Sensus
7. Neptune Technologies
8. Badger Meters
9. Itron
10. Aclara Technologies LLC.
A number of industry verticals are set to be positively impacted post the rollout of Smart Water Meter technology services in the market space. The major industry verticals include smart automotive, healthcare, smart transportation & logistics, consumer electronics, industrial automation, building & home automation, and others. On the basis of geography, the Smart Water Meter market is analyzed by North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
Smart Water Meter Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
A complete analysis of the competitive landscape of the global Smart Water Meter market is provided in the report. This section includes company profiles of market key players. The profiles include contact information, gross, capacity, product details of each firm, price, and cost.
Key benefits-
• To track and analyze competitive developments, such as product launches, agreements, partnerships, collaborations, and acquisitions in the global Smart Water Meter market.
• To forecast the size of the market segments with respect to four major regional segments, namely, north america, europe, asia pacific, and the rest of the world (latin america and the middle east & africa).
For More Statistical and Numerical Research
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Global Smart Water Meter market - by geography
• NORTH AMERICA
• U.S.
• CANADA
• MEXICO
• EUROPE
• UK
• GERMANY
• FRANCE
• ASIA PACIFIC (APAC)
• JAPAN
• CHINA
• INDIA
• MIDDLE EAST & AFRICA (MEA)
• U.A.E
• SAUDI ARABIA
• SOUTH AFRICA
• SOUTH AND CENTRAL AMERICA (SCAM)
• BRAZIL
Several important key questions answer covered in this Smart Water Meter market research report:
• What is Smart Water Meter market forecasts (2019-2025)? – considering sales, revenue, growth rate, price and trends for regions, types and applications?
• What is status of Smart Water Meter market? -this overview includes analysis of scope, prospect and growth trend, sales by regions, manufacturers, types and applications.
• What trends, challenges and barriers are influencing its growth?
• Who are Smart Water Meter market key manufacturers?
• What will be the market size and the growth rate in 2025? -what are the key factors driving the global Smart Water Meter market?
• What are the key outcomes of the distinct analysis of the world Smart Water Meter market-analysis done by considering prime elements?
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