Smart Water Meter Market 2022 Highlights Recent Trends, Market Growth, Business Opportunities till 2026
The unit shipments of the Global Smart Water Meters were at 16.578 million units in 2020, with the market expected to register a CAGR of 9.7% during the forecast period 2021-2026.
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Top Leading Companies of Smart Water Meter Market are - Sensus USA Inc., Aichi Tokei Denki Co. Ltd, Zenner International Gmbh & Co. KG, Mueller Systems LLC, Diehl Stiftung & Co. KG, Apator SA, Neptune Technology Group Inc, Badger Meter Inc., Azbil Kimmon Co. Ltd, Kamstrup AS, Arad Group and others.
Industry News and Updates:
In 2018, Diehl announced that the Diehl metering software solution is now available on Microsoft Azure. The company’s IZAR software provides the central platform for all of the energy data, making all processes simpler and more cost-efficient, from meters and remote reading, through to data management and comprehensive data analysis.
In 2017, ZENNER took over Alfa Centauri SpA, further expanding its position in the international smart meter market. The new company is likely to be registered in the future as ZENNER Gas S.r.l., and may move its headquarters from Fara Filiorum Petri (Italy), to Pescara. With this, the company is setting another milestone in its global digitalization. ZENNER has already been providing smart water meters, heat meters, and heat cost allocators for several years.
Key Market Trends:
Residential Segment is Anticipated to Hold a Major Market Share
Most housing complexes do not track the consumption or usage of water in apartments. The growing number of residential buildings and the consequent increase in water consumption are expected to have a positive impact on the integration of smart water meters.
The integration or incorporation of smart meters in the residential sector is likely to save or mitigate water consumption by about 35%, which will not only foster efficiency, but also help residents manage their bills.
The countries prone to droughts present an immense opportunity to the smart water meters market, which will help save water consumption, and effectively manage the water flow to residential areas.
The North American market is Anticipated to Hold a Major Market Share
Water scarcity in the West, along with ageing infrastructures in the regions of the Mid-West and East, has helped promote the requirement to tackle efficient remote meter readings that can help benefit revenue generation and improve consumer service.
Furthermore, the reduced leakage and efficient use of water are also major drivers for the smart water meters market. As North America is a more developed market, the utility base is in harmony with the smart meter technology, and is starting to implement advanced data solutions.
Various cities are also promoting the use of smart water meters. The City of Santa Fe, for instance, chose Badger Meter’s BEACON smart water meter solution, for full installation across all their water meter endpoints, including both residential and commercial customers. The foundation for the outline is a cellular-enabled smart meter, which can be installed and immediately used for the utility’s smart water network applications.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Smart Water Meter Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Smart Water Meter Market (%),2016 - 2026
- Smart Water Meter Market Share, By Brand
- Smart Water Meter Market Share, By Company
- Smart Water Meter Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Smart Water Meter Market Value Analysis & Forecast
- Promising Smart Water Meter Development by Major Companies
- Detailed Smart Water Meter Portfolio of the Major Companies
- Major Deals in the Smart Water Meter Market
- Major Companies Analysis
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