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Global Smart Water Meter Market to Witness Huge Growth by 2025 Having Leading Key Players: Badger Meter, Itron, Inc., Landis+Gyr, Elster, Honeywell, Kamstrup, Aclara & Neptune
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The interest for advanced metering infrastructure (AMI) has been developing at a steady pace and is expected to encourage further growth opportunities to the smart water meter industry. Most of this demand is expected to originate from water utilities as they have larger budgets as compared to the industrial and residential consumers.
The smart water meter industry is, all things considered, subject to communication technology. The new time of internet of things (IoT) has been displaying growth opportunity for this industry. The IoT can be generally valuable in the locales having vulnerability about rain as it helps the advantageous utilization of rain water.
The smart water meter organizations, for example Kamstrup and Cyan, are entering the MEA market owing to the realized growth potential in the region. Iran is among the precursors in the adoption of smart meters, though Saudi Arabia is the largest smart water meter market in the region.
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The Keystone Utility Systems, through a contract with Sammamish Plateau Water in the U.S., was supposed to install around 18,000 smart water meters in the country by late 2016.
Based on information from Smart Water Summit, around 80% of water utilities in the U.S. have included the up-gradation and repairs of their water infrastructure in their capital plans.
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Owing to an average number of smart water meter manufacturers, the intensity of rivalry is medium. Since, the worldwide smart water meter market opens growth opportunities in future, it is expected that manufacturers will make new investments and launch advanced smart water meters, thus creating high intensity of rivalry.
Some of the key players operating in this market include Badger Meter, Itron, Landis+Gyr, Elster Group, Kamstrup, Aclara Technologies, Sensus, Neptune, Diehl and Acquiba.
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