Smart Water Metering Market Size | Analysis Report, 2024

Smart Water Metering Market size is projected to expand at an exponential rate owing to increase in construction spending in both residential and commercial.

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Smart water metering is internet capable measuring device used for water, energy and natural gas utilization for commercial and residential areas. These systems comprise of an electric meter, control unit, and water meter in one particular package.

Traditional meters measure only water consumption whereas smart water meters record total resource consumption for daily use, including waste water used in industries and many others applications. Mart meters gather and use information with the help of information and communications technology (ICT) and by real time data generation. The reason behind installation of smart meters is to manage efficiency and increase operations in commercial areas, industrial zone, and residential area to reduce overall expenditures and carbon foot print.

Smart water metering market introduces new approach for groundwater management with different parameters such as billing, control, data processing/collection, and measurement. As estimated one third of the total costs is associated with treatment of water, therefor minimum water wastage will result into decrease in overall cost and energy. Engagement of smart water metering will help to identify performance problem, managing operating cost and challenges, which will help to improve and prioritize customer services infrastructure spending.

Key players in smart water metering include Aquiba, Aclara Technologies, Cyan Holdings, Badger Meter, Elster Water Metering, Elster Group, Itron., Kamstrup#Mueller System LLC, Jianggxi Sanchuan Water Meter

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