The Global Market for Smart Water Meters is Projected to Exceed US$1.4 Billion by 2020

Population Growth, Water Scarcity & Need for Smart Water Infrastructure Drive the Smart Water Meters Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Smart Water Meters market. The global market for Smart Water Meters is projected to exceed US$1.4 billion by 2020, driven by the growing global population, depleting water resources and the resulting need for energy-efficient, engaged, responsive, and resilient water infrastructure that reduces non-revenue water losses.

Smart water meters are electronic devices generally used by public water utilities for the purpose of reading and measuring water consumption. The major functions of smart water meters include electronic and automatic capture, collection as well as communication of meter readings pertaining to water consumption in real-time. Mounting economic and environmental challenges currently faced by water utilities across the world in terms of fast-depleting water reserves, escalating costs of treating and transporting water through existing networks, difficulties in securing financing at low rates for modernizing aging infrastructure, managing the retirement of inefficient plants, and dearth in skilled and affordable labor are driving the need for smart water technologies and solutions. Myriad benefits of smart water technologies that is driving its global adoption include reduction in non-revenue water (NRW) losses; enhanced operational efficiency; improved asset management; provision of actionable intelligence; strategic channelization of capital expenditures; and improved customer relationships.

Future growth in the market will be driven by the expanding global population and the resulting need for smart water infrastructure, rising popularity of smart water networks that is driving acceptance of smart water meters; stringent government regulations and favourable mandates; growing demand for automated metering infrastructure (AMI); ongoing evolution and adoption of the ‘Smart Water Grid’ phenomenon; and the slow and steady penetration of Internet of Things (IoT) technologies such as SCADA in water utilities that offer real-time, scalability, connectivity, support and security solutions for water monitoring and control. Robust demand from utilities represents another important growth driver as more and more utilities across the world are investing heavily into ICT solutions for efficient operational management of their infrastructure. Other factors that are poised to benefit market prospects in the near term include rising need for smart water meters in the unpenetrated agricultural sector offering huge untapped market potential, and upcoming connected homes and smart cities that are expected to fuel large scale adoption of smart water meters.

As stated by the new market research report on Smart Water Meters, the United States represents the largest market worldwide. Europe represents the fastest growing market with a CAGR of 19% over the analysis period. The market has been exhibiting strong growth over the years across North America and Europe supported by rising deployments of intelligent two-way water meters, robust smart water infrastructure development projects, strong government support, and replacement of aging infrastructure that is leading to water loss due to leakages and theft and ultimately to non-revenue water (NRW). Developing markets such as Asia-Pacific are also expected to witness double-digit growth in the coming years due to the absence of legacy infrastructure that would lead to demand for new installations with the growing awareness about the importance of intelligent electronic meters in conserving limited fresh water resources.

Key players covered in the report include Aclara Technologies LLC; Aquiba Pty Ltd., Arad Group; Master Meter, Inc., Badger Meter, Inc., Cyan Holdings PLC, Datamatic, Inc., Diehl Metering GmbH, Elster Group GmbH, Elster Water Metering, Iskraemeco (UK) Ltd., Itron, Inc., Jiangxi Sanchuan Water Meter, Kamstrup, Mueller Systems LLC, Neptune Technology Group, Ningbo Water Meter Co., Ltd., Sensus, Suntront Tech Co., Ltd., Tantalus Systems Inc., Wasion Group Limited, and Zhejiang Holley Liyuan Metering Co., Ltd., among others.

The research report titled “Smart Water Meters,: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for major geographic regions including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific, and Rest of World.

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