Smart Water Metering - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Smart Water Metering Market is accounted for $5.35 billion in 2018 and is expected to reach $14.96 billion by 2027 growing at a CAGR of 12.1% during the forecast period. High demand for sustainable water supply for all end-users, increasing adoption of IoT solutions in utility vertical and developing non-government body initiatives to save water are some of the factors fuelling the market growth. Moreover, high digitalization of the water industry operations is providing opportunities for market growth. However, lack of acceptance owing to the high installation cost involved and software licensing are the restraining factors for the market.
Water meters are devices that measure the amount of water utilized in various industrial, commercial, and residential applications. On the other hand, smart metering solutions are the extensions of these conventional meters, and utilize meters or modules with correspondence capacities (either one-way or two-way) embedded within the meter or attached to the meter. Smart water meters are essentially intended to track accurately and monitor water usage in homes, industries, and other avenues.
Based on Technology, Advanced Metering Infrastructure (AMI) segment is likely to have a huge demand. Advanced Metering Infrastructure (AMI) is the most recent meter reading technology, which is being adopted by the utilities in the water industry. The AMI technology enables 2-way communication between the meter and the client/utility.
By Geography, North America is going to have a lucrative growth during the forecast period due to factors such as government initiatives for the decrease in nonrevenue water, exact meter reading and increasing urbanization in this region.
Some of the key players profiled in the Smart Water Metering market include Zenner, Sensus, Neptune Technology Group, Mueller Systems LLC, Landis+Gyr, Kamstrup, Itron, Elster Group, Diehl, Datamatic, Badger Meter, B Meters, Arad Group, Apator SA and Aclara Technologies.
• Ultrasonic Meter
• Mechanical Meter
• Electromagnetic Meter
Meter Types Covered:
• One-way Meter
• Two-way Meter
• Smart hot-water meter
• Smart cold-water meter
• Automatic Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)
• Software & platforms
• Meters & Accessories
• IT Solutions
• Water Utilities
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.