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The smart water metering market is expected to grow from an estimated USD 3.88 Billion in 2016 to USD 5.51 Billion by 2021, at a CAGR of 7.23% from 2016 to 2021. Factors such as increasing focus towards reducing non-revenue water, retrofitting of aging water infrastructure, and the need for accurate billing are driving the market globally.
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Smart Water Metering Market by Type, by Component, by Application and by Region - Global Trends & Forecast to 2021 www.MarketsandMarkets.com
Meters & accessories to be the dominant component-based segment in the global smart water metering market The smart water metering market in this report has been classified based on components into three segments, namely, meters & accessories, communication, and IT solution. The meters & accessories segment accounted for the largest market size, in terms of value, in 2015. It was followed by the IT solution and communication segments, respectively. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=250996975
“The AMR segment would dominate the global smart water metering market” The Automatic Meter Reading (AMR) segment is estimated to be the largest market for smart water metering in 2016. It is a metering technology that collects consumption data from the water meters and transfers it to a central database (in the utility station) for billing and other purposes (one-way communication only). Popular in North America and Europe, other regions have also started to implement this metering infrastructure to reduce non-revenue water. It is less costly when compared to AMI, and hence has a higher market size. However, the AMI market is projected to grow at the highest rate because of its superiority. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=250996975
Browse >> 66 market data tables 53 figures 200 pagesand in-depth TOC on “Smart Water Metering Market - Global Forecast to 2021” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
North America is the dominant market for smart water metering North America dominates the smart water metering market, and Europe is expected to grow at the fastest pace during the forecast period. In North America, the growth of the smart water metering market can be attributed to focus on water monitoring & prevention of water leakage and the repair & upgrade of aging water infrastructure. Meanwhile, several smart water meter rollouts are taking place in countries such as the U.K., Germany, and France, which would drive growth in the European region. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=250996975
Target Audience: • The stakeholders included in this report are as follows: • Smart water meter manufacturing companies • IT solution providers for smart water grids • Communication service providers • State and national regulatory authorities • Builders and contractors • Water distribution utilities • Government and industry associations • State- or government-owned corporations • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=250996975
Key players • To provide an in-depth understanding of the competitive landscape, the report includes profiles of the following companies, namely, • Itron Inc. (U.S.), • Elster Group GmbH (Germany), • Sensus (U.S.), • Landis+Gyr (Switzerland), • Kamstrup A/S (Denmark), • Aclara Technologies LLC (U.S.), • Badger Meter, Inc. (U.S.), Datamatic, Inc. (U.S.), Diehl Metering GmbH (Germany), Neptune Technology Group Inc. (U.S.), B METERS s.r.l. (Italy), Arad Ltd. (Israel), and Arqiva Ltd. (U.K.). • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=250996975
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