Smart Water Meter Market Size Segmented by Product, Top Manufacturers, Geography Trends and Forecasts to 2027
Category: #business  By Partha Ray  Date: 2019-09-11
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Smart Water Meter Market Size Segmented by Product, Top Manufacturers, Geography Trends and Forecasts to 2027 This report on Smart Water Meter market Added by Market Study Report, LLC, covers valuable insights based on market valuation, market size, revenue forecast, SWOT Analysis and regional outlook of this industry. The research also presents a precise summary of the industry’s competitive spectrum, while drawing attention to the growth prospects and expansion plans adopted by key market players.

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The global Smart Water Meter market is estimated to grow at a CAGR of 12.4% during the forecast period 2018 - 2025 and account for US$ 5,832.0 Mn by the year 2025.
Several governmental initiatives are helping the smart water meter market to flourish in the current scenario. Various parts of the US have successfully implemented smart water meter with the help of government funding. For instance, Queensland (Australia) state government invested US$ 10 Mn with an objective to implement smart water meters in various parts of the region. The investment's objective is to improve water efficiency programs in FY 2017 - 2018. Similarly, in November 2017, the Ministry of Water and Sanitation, Ghana awarded a contract of Kamstrup A/S for the supply of 500,000 smart water meters in order to fight water scarcity and high non-revenue water. The smart water meters' market is anticipated to witness a notable growth in the coming years owing to various other political initiatives undertaken by the governments of developed as well as developing countries across the globe. Governments of countries such as the US, Canada, the UK, Germany, China, India, and Singapore are continuously emphasizing on developing smart cities, focusing on energy, transportation and traffic sectors.
The future market for smart water meter is promising, as the OEMs and other research centers are continually intending to deploy smart and connected technologies for efficient monitoring and operations without any human interference. As a result, technologically enriched sensors systems are being developed, which is expected to attract the significant number of industries in the coming years. The AMR type market is continuously evolving with the introduction of new and innovative products. There is a surge in demand for AMR based smart water meter in type segment. This device provides improved monitoring of water consumption and aims at mitigating the losses of water utility companies.

Further in the Smart Water Meter Market research reports, following points are included along with in-depth study of each point:

Production Analysis – Production of the Smart Water Meter is analyzed with respect to different regions, types and applications. Here, price analysis of various Smart Water Meter Market key players is also covered.

Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the Smart Water Meter Market. Another major aspect, price, which plays important part in the revenue generation, is also assessed in this section for the various regions.

Supply and Consumption – In continuation with sales, this section studies supply and consumption for the Smart Water Meter Market. This part also sheds light on the gap between supple and consumption. Import and export figures are also given in this part.

Competitors – In this section, various Smart Water Meter industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue. 

Other analyses – Apart from the aforementioned information, trade and distribution analysis for the Smart Water Meter Market, contact information of major manufacturers, suppliers and key consumers is also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.

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In our study, we have segmented the smart water meter market by types, components, and end-users. The smart water meters are broadly categorized into two types as Advanced Metering Infrastructure (AMI), and Automated Meter Reading (AMR). Further, the market has been segmented on the basis of components of a smart water meter system into controlling unit; display, storage & integrated software; and others. The end-users for these smart water meters comprise of residential and industrial sectors. On the basis of geography, the Smart Water Meter market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
The market is observing proliferation in the adoption of AMR based devices along with some developed regions preparing for two-way communication-based infrastructure network. Although, AMI sub-segment is projected to represent fastest growth rate, while, the AMR sub-segment due to significant growth rate and high market share is expected to create highest revenue opportunity over the forecast period. The top companies operating in the field of smart water meter include Sensus, Neptune Technologies, Elster Group GmbH, Aclara Technologies LLC, Badger Meters, Kamstrup, DIEHL Metering Group, ARAD Group, Mueller, Itron, Various other companies are also operating in the market and are coming up with new technologies and offerings which is helping the market for smart water meter to expand over the years in terms of volume as well as revenues.

TABLE OF CONTENTS

1. INTRODUCTION 13
1.1 SCOPE OF THE STUDY 13
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 13
2. KEY TAKEAWAYS 15
3. SMART WATER METER MARKET LANDSCAPE 18
3.1 MARKET OVERVIEW 18
3.2 MARKET SEGMENTATION 19
3.2.1 Global Smart Water Meter Market - By Types 20
3.2.2 Global Smart Water Meter Market - By Components 20
3.2.3 Global Smart Water Meter Market - By End User 21
3.2.4 Global Smart Water Meter Market - By Geography 21
3.3 PEST ANALYSIS 22
4. SMART WATER METER MARKET - KEY INDUSTRY DYNAMICS 33
4.1 KEY MARKET DRIVERS 33
4.1.1 Increasing Water Scarcity and Misuse of Water 33
4.1.2 Non-revenue Water Monitoring and Control 33
4.2 KEY MARKET RESTRAINTS 34
4.2.1 High Initial Investment and Lack of Knowledge 34
4.2.2 Vulnerable to Cyber Attacks 34
4.3 KEY MARKET OPPORTUNITIES 35
4.3.1 Smart Irrigation Systems through Smart Water Management 35
4.4 FUTURE TRENDS 35
4.4.1 Increase in demand for Smart Water Meters with the Increase in Smart City Initiatives 35
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 36
5. SMART WATER METER MARKET - GLOBAL MARKET ANALYSIS 37
5.1 GLOBAL SMART WATER METER MARKET OVERVIEW 37
5.2 GLOBAL SMART WATER METER MARKET FORECAST AND ANALYSIS 38
6. SMART WATER METER MARKET REVENUE AND FORECASTS TO 2025 - TYPES 39
6.1 OVERVIEW 39
6.2 GLOBAL SMART WATER METER MARKET BREAKDOWN, BY TYPES, 2017 & 2025 39
6.3 AUTOMATIC METER READER (AMR) MARKET 40
6.3.1 Overview 40
6.3.2 Automatic Meter Reader Market Forecasts and Analysis 40
6.4 ADVANCED METERING INFRASTRUCTURE (AMI) MARKET 41
6.4.1 Overview 41
6.4.2 Advanced Metering Infrastructure Market Forecasts and Analysis 41

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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