Smart Water Meter
Market Size, Market Share, Application Analysis, Regional Outlook, Growth
Trends, Key Players, Competitive Strategies And Forecasts, 2017 To 2025
Smart Water Meter
Market (By Technology (Automated Metering Infrastructure (AMI), Automated Meter
Reading (AMR)), By End-use Application (Residential and Non-residential
(Commercial and Industrial))) - Growth, Share, Opportunities, Competitive
Analysis, and Forecast 2017 – 2025, the global smart water market is expected
to witness a growth of 16.3% CAGR during the forecast period 2017 - 2025.
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Market Insights
Smart water meters
are electronic devices that are used to read and measure water consumption.
These are generally deployed by public water utilities that keep track of water
consumption and water sent over the distribution network. Growing needs to
reduce water losses through leakages and identify non revenue water, the
utilities across the globe are integrating ICT solutions into their operation.
This is expected to have positive impact on the overall adoption of smart water
metering technologies.
In addition,
government mandates in several developed economies are promoting rollout of
smart water meters for greater accuracy and efficient management of water
utilities. These aforementioned factors are expected to contribute towards a
compounded annual growth rate (CAGR) of xx.x% during the forecast period 2017 –
2025.
Easy integration of
residential smart water meters with the smart water network is one of the major
factors driving their adoption in the residential segment. The use of smart
water has gaining wide acceptance among on account of their ability to help
residential owners monitor daily water consumption, identify and repair
leakages, and participate in demand response. On the other hand, smart water
meter installations also make it extremely easy for water utilities to bill
their customers.
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Competitive Insights:
The global smart
water meter market is highly fragmented and technology driven. The top 4
players in the market account for less than 45% of the total market revenue.
The market is characterized by the presence of good mix of domestic and
international players. A new entrant needs to keep pace with the ever changing
technology and hence is required to invest heavily in its research and
development capabilities. On the contrary, strong government support and
policies promoting water management is expected to increase the count of
players entering the market in the coming years.
Inorganic expansion
through strategic partnerships and acquisitions is one of the major strategies
adopted by the leading smart water meter manufacturers in the market. Some of
the leading players identified in the global smart water meter market include
Landis+GYR, Sensus, Itron Inc., Elster Group GmbH, Aclara Technologies, Arad
Group, Badger Meter, Aquiba, Diehl Metering, Enware, Homerider Systems,
Kamstrup, Master Meter, KROHNE, Mueller Systems, Neptune Technology, and SenTec
among others.
The global smart
water meter market also includes large number of small players accounting for
trivial market share individually.
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