Smart Water Meter Market: Growing adoption of smart water meters owing to popularity of smart solutions

1. Smart Water Meter Market Smart Water Meter Market to 2025 - Global Analysis and Forecasts by Types (Automatic Meter Reader and Advanced Metering Infrastructure); Components (Controlling Units, Display Storage & Integrated Software, and Others); and Applications (Residential, Industrial)

2. Smart Water Meter Market Current and future Market Scenario  According to the new research report published by The Insight Partners, titled “Smart Water Meter Market - Global Analysis and Forecast to 2025”, the global smart water meter market is expected to reach US$ 3.8 billion in 2025, registering a CAGR of 12.4% during the forecast period 2018 to 2025.  In 2017, North America accounted for the largest revenue share of little more than two-fifth of the total market share, followed by Europe.  As per the United Nations Department of Economic and Social Affairs, close to 1.8 Billion people was suffering from acute water shortage problems by the year 2025 as well as more than two-thirds of the population was facing the constraints of limited water usage. The water paucity issues witnessed across the world has called for various stakeholders in diverse water usage fields to come together and develop for solutions that would result in water savings and sustainable usage of water for future generations.  The majority of the world is facing an acute water scarcity pertaining to various factors such as illegal water tapping, pipeline tampering, and leakage. Other factors including rapid urbanization and aging infrastructure is also a key factor behind water scarcity.

3. Smart Water Meter Market Factors Contributing to Market Growth  North America, and Europe have developed water infrastructures but face the problems of aging water infrastructures whereby huge physical losses of water is experienced from the leaks and bursts developed.  This adds to the cost for Government bodies, thereby adding to the economic cost of non-revenue water which further impacts customer satisfaction as well as quality of life. Apart from the developed region, the developing regions face other issues related to water supplies that is the high non-revenue water costs, water theft and inaccurate billing of water.  Smart water meters look to provide solutions to the water utilities across the globe and enable them achieve good accountability of water, reduce leakage and water thefts, and also optimize water usage at the customer end.  Although smart water meter systems had been developed around 2 decades ago, they have gained wider and rising prominence only in the recent times with increasing water scarcity around the world.

4. Key Findings Key findings of the study:  From a growth perspective, India in the Asia-Pacific region is anticipated to witness a lucrative CAGR growth rate of 8.5% during the forecast period.  Based on end-users, the industrial segment is projected to witness significant lucrative profitable opportunities with projected CAGR growth rate of 12.8%  Based on type, the advanced metering infrastructure segment is projected to grow with a CAGR of 15.6%  The public drinking water systems is regulated by the Environmental Protection Agency (EPA) in the US. There are close to 151,000 public water systems in the US 100,700 non-community water systems such as schools and hospitals.  On the basis of the number of people served by a public water system, it is classified under three broad categories as Community Water System (CWS), Non-Transient Non-Community Water System (NTNCWS), and Transient Non- Community Water System (TNCWS).

5. Smart Water Meter Market Market Segments by Types (Automatic Meter Reader and Advanced Metering Infrastructure) Application (Residential, Industrial) Components Controlling Units, Display Storage & Integrated Software

6. Smart Water Meter Market Dominating Segments  These different water systems drastically vary in size, and the top 8% of the water systems serve water to 82% of the total North American population. The average age of these systems is very high and most of the systems are nearing their product lifecycle ends. As a result, more cases of water leakages are observed. More than 240,000 breaks occur each year and the region loses close to 1.7 trillion gallons of water annually.  The advanced metering infrastructure is a wireless connectivity mechanism, which enhances the water consumption pattern on a daily basis. The mechanism is a two-way connectivity technology enabling the service provider and the end users to review the collected information and requesting for pricing signals.  The advanced metering infrastructure enables on request interrogation with the service providers and end users.

7. Dominating Segments  Advanced metering infrastructure typically offers significant quantity payload of information such as cumulative kWh usage, peak kW demand, daily kWh usage, last interval demand, voltage, load profile, outage counts, outage logs, and tamper notification among others.  Along with metering and analyzing the water consumption, advanced metering infrastructure facilitates various groups within the ecosystem ranging from planning departments, engineering solutions, asset management, and finance teams among others. The benefits of advanced metering infrastructure include; reduction in equipment and maintenance costs, and Improved theft and leakage detection.  Get sample PDF brochure @ https://www.theinsightpartners.com/sample/TIPTE100000347/  The smart water meter market is bifurcated on basis of types such as automatic meter reader (AMR) and advanced metering infrastructure (AMI). The automatic meter readers are the conventional mechanism used to identify water leakage and illegal water tapping, while advanced metering infrastructure is an advanced wireless technology that is used for the same purpose.

8. Dominating Segments  The benefit of advanced metering infrastructure over automatic meter readers is the two-way communication network which allows both, the mechanism as well as the service provider or end user to transmit signals. The automatic meter reading technology is heavily deployed in the various regions across the globe, while, the advanced metering infrastructure is gaining prominence in the current scenario. Rise in water scarcity crisis coupled with the exploitation of water resources The world is facing a huge scarcity of water owing to practices such as illegal tapping, tampering of pipelines, and leakage among others. Owing to this, water scarcity is rapidly increasing in the current scenario and the issue is anticipated to increase in the near future. According to WWF (World Wildlife Fund), approximately 1.1 Bn people globally lack access to water, totaling to 2.7 Bn find water scarce. In addition to this, another major problem faced by various regions is the misuse of water which has significantly raised the demand for advanced solutions to maintain the consumption pattern from the source to destination. The substantial demand for an advanced solution has led to development and implementation of smart water meters, which are capable of monitoring the consumption pattern along with supervising and recording the leakage, theft and illegal tampering.

9. Dominating Segments Growing adoption of smart water meters owing to popularity of smart solutions One of the most crucial pieces of a city is its water supply system. With the increasing population, it is inevitable anticipated that the demand for water consumption will increase exponentially. A city’s water distribution channel and management systems have to be viable over a longer period of in order to maintain consistent growth and should be integrated with technologies that are capable to monitor and check water loss issues. Various developed and developing nations across the globe are witnessing a paradigm shift to smart cities. The government of various countries are adopting the momentum of smart cities thereby, investing in the development of internet infrastructure in the countries with an aim to bring robust urbanization. The US is experiencing a huge growth in numbers of cities transforming to smart cities especially focused on energy, traffic, and transportation. European countries are also emphasizing smart cities in order to enhance their infrastructures. Thus, the continuous growing popularity of smart solutions and devices across different verticals is expected to provide numerous profitable opportunities for the smart water meter market players in the coming years.

10. Smart Water Meter Market Leading Players Companies Mentioned  ARAD Group  DIEHL Metering Group.  Elster  Kamstrup A/S  Mueller  Sensus  Neptune Technologies  Badger Meters  Itron  Aclara Technologies LLC

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12. Smart Water Meter Market

13. Smart Water Meter Market Access Full Research Report at: https://www.theinsightpartners.com/reports/smart-water-meters-market Thank You! Thank You!