How Have Water Conservation Efforts Boosted Smart Meter Adoption?

Smart water meters enable consumers to track their water usage and check the spending on water on a daily basis. The installation of such meters allows users to effectively check the reading on the premises itself. Tracking the water usage is important because a lot of water is lost during the supply process. Nearly 20% of the supplied water is lost in developed countries, whereas 50% of it is lost in emerging economies. To avoid this loss, smart water meters are being deployed to track and identify spillage in the delivery network.

European nations are the most-active users and promoters of such meters. For example, the Water Framework Directive (WFD) has been enacted in European countries to reduce the operational costs for water utilities. Owing to the surging government support, the smart water meter market will advance at a CAGR of 11.1% during 2016–2025. According to P&S Intelligence, the market size will increase from $839.6 million in 2015 to $2,400.6 million by 2025.

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In recent years, the steady development of advanced metering infrastructure (AMI) has fueled the adoption of smart water meters, globally. In the coming years, water utilities will create a higher demand for AMI than industrial facilities and residential units due to their huge budget for the advancement of the water infrastructure. Water utilities are increasingly adopting smart water meters and investing in AMI to curb the losses suffered by them while providing water to residences and manufacturing plants. These utilities are affected by spillage, thefts, and wrong metering on a daily basis.

Geographically, the North American region installed the highest number of smart water meters in the recent past. Furthermore, the European and Asia-Pacific (APAC) regions are expected to purchase these devices in large numbers in the foreseeable future. Moreover, the MEA smart water meter market will record rapid advance due to the growing focus on water conservation. Being mostly dry and hot, the MEA region has a perpetual scarcity of water. Additionally, just like in other regions, human settlements have made rivers and other freshwater bodies in Africa increasingly polluted.

Owing to the soaring demand for such devices from various parts of the world, companies are focusing on developing new technologies and launching new products. Key manufacturers like Elster Group GmbH, Badger Meter Inc., Diehl Stiftung & Co. KG, Landis+Gyr Group AG, Aquiba Pty Ltd., Itron Inc., Neptune Technology Group, Aclara Technologies LLC, and Kamstrup A/S are manufacturing fluidic oscillator meters, multi-jet meters, positive-displacement meters, electromagnetic meters, velocity meters, and single-jet meters to curb water loss.

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Thus, the rising emphasis on water conservation and increasing government support will propel the adoption of smart water meters in the coming years.

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This release was published on openPR.