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Smart Water Metering Market Analysis, Growth by Top Companies, Trends by Technology and Application, Forecast to 2024

Author : Ronak Bora | Published Date : 2020-08-26 

AMR-based smart water metering market is slated to accomplish quite some valuation by 2024, driven by the easy availability, affordable maintenance, and low installation costs that this technology is endowed with. Indeed, AMR has been massively deployed in smart electric meters as well, gradually stimulating global smart electric meter industry share.

Smart meters help curb water losses and streamline billing processes. In this regard, water utilization data gathered by AMI-based smart meters help to identify problems in water distribution and manage water allocation in an efficient manner, which eventually serves to understand consumer requirements. On these grounds, it has been forecast that AMI-based smart water metering market size is slated to register a stupendous CAGR of 28% over 2017-2024. While AMI technology is relatively advanced, it is prudent to mention that its excessive cost may restrain its growth over the next few years.

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Smart water meters, in general, find massive applications across the commercial, residential, and utility sectors. Smart water metering industry size from residential applications has been projected to cross the billion-dollar frontier by 2024. This commendable accomplishment can be credited to the increasing demand for precise water bills and the accurate formulation of unregulated spending on water resources. Indeed, smart meters also possess the ability to reduce non-revenue water & secure remote monitoring, further expanding the scope of smart water metering industry from the residential arena.

Smart Water Metering Market is set to reach over USD 3 Billion by 2024. Implementation of favorable government policies and rollout programs toward the adoption of intelligent systems will boost the market. Initiatives focusing on effective water monitoring and conservation will further propel the industry landscape. For instance, the European Union in collaboration with the International Monetary Fund announced a mandatory rollout of smart water meters in Ireland.

Increasing measures toward water security and monitoring of Non-Revenue Water (NRW) will enhance the smart water metering market. Increasing urbanization, ageing distribution mains and rising energy cost will further provide a stimulus to the industry outlook. According to the World Bank, 32 billion cubic meters of treated water is lost through leakages in distribution network worldwide. An additional 16 billion cubic meters is supplied annually but not charged due to poor metering, inappropriate billing and thefts.

U.S. smart water metering market is projected to expand over 6% by 2024. Ongoing water conservation reforms coupled with government funding toward installation of smart grid technologies will positively drive the product adoption. In 2013, the U.S. Department of Energy and the Smart Grid Investment Grant (SGIG) mutually sponsored the installation of smart grid infrastructure in the nation and provided a federal financial assistance of over USD 8 billion in 99 ventures.

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Notable players operating in the industry comprise of Landis+GYR, Badger Meter, Itron, Siemens, Arad Group, Schneider Electric, Sensus Sentec, Neptune, Kamstrup, Elster Group, Diehl Metering and Honeywell International.

Table of Contents (ToC) of the report:

Chapter 4    Smart Water Metering Market, By Application

4.1    Smart water metering industry share by application, 2016 & 2024

4.2    Residential

4.2.1    Global market from residential, 2013 – 2024

4.2.2    Global market from residential, by region, 2013 – 2024

4.3    Commercial

4.3.1    Global market from commercial, 2013 – 2024

4.3.2    Global market from commercial, by region, 2013 – 2024

4.4    Utility

4.4.1    Global market from utility, 2013 – 2024

4.4.2    Global market from utility, by region, 2013 – 2024

Chapter 5    Smart Water Metering Market, By Technology

5.1    Smart water metering industry share by technology, 2016 & 2024

5.2    AMI

5.2.1    Global market from AMI, 2013 – 2024

5.2.2    Global market from AMI, by region, 2013 – 2024

5.3    AMR

5.3.1    Global market from AMR, 2013 – 2024

5.3.2    Global market from AMR, by region, 2013 – 2024

Chapter 6    Smart Water Metering Market, By Product

6.1    Smart water metering industry share by product, 2016 & 2024

6.2    Smart hot-water meter

6.2.1    Global market from smart hot-water meter, 2013 – 2024

6.2.2    Global market from smart hot-water meter, by region, 2013 – 2024

6.3    Smart cold-water meter

6.3.1    Global market from smart cold-water meter, 2013 – 2024

6.3.2    Global market from smart cold-water meter, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/smart-water-metering-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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