Global Smart Water Meters 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 Global Smart Water Meter market is expected to grow from US$ US$ 1,506.2 Mn in 2017 to US$ 3,832.0 Mn by 2025 at a CAGR of 12.4% between 2018 and 2025.

As per the United Nations Department of Economic and Social Affairs, close to 1.8 Billion people was suffering from acute water shortage problems by the year 2025 as well as more than two-thirds of the population was facing the constraints of limited water usage. The water paucity issues witnessed across the world has called for various stakeholders in diverse water usage fields to come together and develop for solutions that would result in water savings and sustainable usage of water for future generations.

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The public drinking water systems is regulated by the Environmental Protection Agency (EPA) in the US. There are close to 151,000 public water systems in the US 100,700 non-community water systems such as schools and hospitals. On the basis of the number of people served by a public water system, it is classified under three broad categories as Community Water System (CWS), Non-Transient Non-Community Water System (NTNCWS), and Transient Non-Community Water System (TNCWS). These different water systems drastically vary in size, and the top 8% of the water systems serve water to 82% of the total North American population. The average age of these systems is very high and most of the systems are nearing their product lifecycle ends. As a result, more cases of water leakages are observed. More than 240,000 breaks occur each year and the region loses close to 1.7 trillion gallons of water annually.

The advanced metering infrastructure is a wireless connectivity mechanism, which enhances the water consumption pattern on a daily basis. The mechanism is a two-way connectivity technology enabling the service provider and the end users to review the collected information and requesting for pricing signals. The advanced metering infrastructure enables on request interrogation with the service providers and end users. Advanced metering infrastructure typically offers significant quantity payload of information such as cumulative kWh usage, peak kW demand, daily kWh usage, last interval demand, voltage, load profile, outage counts, outage logs, and tamper notification among others. Along with metering and analyzing the water consumption, advanced metering infrastructure facilitates various groups within the ecosystem ranging from planning departments, engineering solutions, asset management, and finance teams among others. The benefits of advanced metering infrastructure include; reduction in equipment and maintenance costs, and Improved theft and leakage detection.

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Smart Water Meter Market - Company Profiles

• ARAD Group
• DIEHL Metering Group.
• Elster
• Kamstrup A/S
• Mueller
• Sensus
• Neptune Technologies
• Badger Meters
• Itron
• Aclara Technologies LLC

Key findings of the study:
• From a growth perspective, India in the Asia-Pacific region is anticipated to witness a lucrative CAGR growth rate of 8.5% during the forecast period
• Based on end-users, the industrial segment is projected to witness significant lucrative profitable opportunities with projected CAGR growth rate of 12.8%
• Based on type, the advanced metering infrastructure segment is projected to grow with a CAGR of 15.6%

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