Smart Water Meter System aims to give consumers the information that they need to make intelligent decisions, the ability to execute those decisions and a variety of choices leading to substantial benefits they would not have enjoyed otherwise. With its robust Metering Infrastructure, It makes easy for the franchisees to manage the utilities and help them in greatly improving the consumer service and also refining the utility operations and asset management processes
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.
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Top Market Players: Sensus, Neptune Technologies, Elster Group GmbH, Aclara Technologies LLC, Badger Meters, Kamstrup, DIEHL Metering Group, ARAD Group, Mueller, Itron
The majority of the world is facing an acute water scarcity pertaining to various factors such as illegal water tapping, pipeline tampering, and leakage. Other factors including rapid urbanization and aging infrastructure is also a key factor behind water scarcity. Water providers and water utilities are constantly adopting various technologies in order to supply adequate quantity of water to every area, along with reducing the operational costs, managing assets as well as supporting conservation.
The population is growing at an exponential rate across the globe and owing to the growth rate, the demand for water is anticipated to grow certainly. With an objective to supply the required or demanded quantity of water, the water providers or utilities are upgrading their traditional water metering systems with new advanced technologies including automatic meter readers or advanced metering infrastructure. The South America smart water meter market region is expected to witness a CAGR growth rate of 9.7% in the coming years.
Smart Water Meter Market Insights
Rise in water scarcity crisis coupled with the exploitation of water resources
The world is facing a huge scarcity of water owing to practices such as illegal tapping, tampering of pipelines, and leakage among others. Owing to this, water scarcity is rapidly increasing in the current scenario and the issue is anticipated to increase in the near future. According to WWF (World Wildlife Fund), approximately 1.1 Bn people globally lack access to water, totaling to 2.7 Bn find water scarce. In addition to this, another major problem faced by various regions is the misuse of water which has significantly raised the demand for advanced solutions to maintain the consumption pattern from the source to destination. The substantial demand for an advanced solution has led to development and implementation of smart water meters, which are capable of monitoring the consumption pattern along with supervising and recording the leakage, theft and illegal tampering. The smart water meters are wired or wireless mechanisms, integrated with data management programs through which the user or operator are able to review/ check the consumption pattern. The technological advancements in the field of water conservation is a major progress to fight water scarcity. Subsequently, driving the growth for smart water meter market in the coming years.
Growing adoption of smart water meters owing to popularity of smart solutions
One of the most crucial pieces of a city is its water supply system. With the increasing population, it is inevitable anticipated that the demand for water consumption will increase exponentially. A city’s water distribution channel and management systems have to be viable over a longer period of in order to maintain consistent growth and should be integrated with technologies that are capable to monitor and check water loss issues. Various developed and developing nations across the globe are witnessing a paradigm shift to smart cities. The government of various countries are adopting the momentum of smart cities thereby, investing in the development of internet infrastructure in the countries with an aim to bring robust urbanization. The US is experiencing a huge growth in numbers of cities transforming to smart cities especially focused on energy, traffic, and transportation. European countries are also emphasizing smart cities in order to enhance their infrastructures. Thus, the continuous growing popularity of smart solutions and devices across different verticals is expected to provide numerous profitable opportunities for the smart water meter market players in the coming years.
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Table of Contents
Chapter 1: Introduction
Chapter 2: Global Smart Water Meter Market – Key Takeaways
Chapter 3: Global Smart Water Meter Market – Market Landscape
Chapter 4: Global Smart Water Meter Market – Key Market Dynamics
Chapter 5: Smart Water Meter Market – Global Analysis
Chapter 6: Smart Water Meter Market – Global Regulatory Scenario
Chapter 7: Global Smart Water Meter Market Analysis– By Type
Chapter 8: Global Smart Water Meter Market Analysis– By Application
Chapter 9: Global Smart Water Meter Market Analysis– By End User
Chapter 10: North America Smart Water Meter Market Revenue and Forecasts To 2025
Chapter 11: Europe Smart Water Meter Market Revenue and Forecasts To 2025
Chapter 12: Asia-Pacific Smart Water Meter Market Revenue and Forecasts To 2025
Chapter 13: Middle East & Africa Smart Water Meter Market Revenue and Forecasts To 2025
Chapter 14: South and Central America Smart Water Meter Market Revenue and Forecasts To 2025
Chapter 15: Smart Water Meter Market –Industry Landscape
Chapter 16: Smart Water Meter Market – Key Company Profiles
Chapter 17: Appendix
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