Market Overview
- Global Smart Water Metering Market is expected to grow at a CAGR of 10.1% during the forecast period (2020-2027)
- A smart water meter measures water flow and uses wireless communication to connect to local or wide area networks allowing remote location monitoring and infrastructure maintenance through leakage detection and automatic billing and customer management including detection and countering tampering attempts. Smart meters are battery-powered, and thus low-power devices play a crucial role in defining system configurations.
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Market Dynamics
- Need for smart water metering to improve water consumption and services focus on reducing nonrevenue water are the driving factors for the growth of the market. The main benefits of the smart water system are the provision of accurate and regular readings to the centralized metering application, freed-up personnel and avoiding a human factor from the data collection, processing, and billing. An additional profit is introduced by the quickly leaks identification which allows preventing substantial water losses or property damages.
- Companies are focusing to launch smart water metering solutions to improve water consumption. For instance, The ADD GRUP has introduced smart water prepayment solution with multi-services and features that includes ADD water meter, a shut-off valve, LoRaWAN gateway, a user interface, and a smart measuring system for remote reading and data management. Adding to this, manufacturers are also concentrating on combining IoT concepts with LPWAN communication technology. For instance, WAVIoT has developed integrated solutions for automated metering infrastructure. WAVIoT offers state of the art metering cost-effective solution with extraordinary scalability.
- However, Lack of government initiatives is the key restraint hindering market growth globally. One of the most significant barriers to the adoption of advanced water metering systems is the high cost of deployment and the unsuitability of traditional communications systems.
Market Segment Analysis
- Based on the meter type, the smart water metering market is classified into the mechanical meter, electromagnetic meter, and ultrasonic meter. The ultrasonic meter holds remote reading capabilities without use of any add-on devices. The ultrasonic meter enables efficient detection of leaks, bursts, reverse flows, etc. and thereby lower the amount of Non-Revenue Water in distribution network and prevent revenue loss. Companies are launching smart water meters that related to ultrasonic meters. For instance, Kamstrup has launched flowIQ 2100, flowIQ 3101 ultrasonic smart water meters that suited for commercial and industrial uses. These meters are made of metal and the meter house is fully watertight.
Market Geographical Analysis
- The North America smart water metering market size was worth USD YY million in 2019 and is estimated to reach USD YY million by 2026, at a CAGR of 10.1 during the forecast period. Rising initiatives and campaigns by governmental and non-governmental organizations to save water is fueling industry growth in North America countries like the U.S. and Canada. For instance, The US state of California is one of the leading regions, with cities installing smart water meters to help consumers improve management of water consumption through access to real-time usage data.
- Adding to this, Pleasanton City is deploying some 22,000 smart water meters in a USD 7 million initiative whilst the East Valley Water District invested USD 2 million with Equarius Waterworks of Torrance for the supply and installation of smart meters over a period of five years. Furthermore, Key players in North America, particularly in USA, are focusing to extend their market presence. For instance, U.S. water technology company Xylem has bought Sensus USA, a provider of advanced metering technologies to utilities, for around USD 1.7 billion in cash.
Market Competitive Trends
- The Smart Water Metering market is competitive with existing players in the market. Some of the major players include Landis+Gyr, B Meters, Neptune Technology Group, Aclara Technologies, Datamatic, Badger Meter, Kamstrup, Zenner, Xylem inc and Arad Group.
- In July 2019, SMART.MET has launched the prototyping of new smart water metering solutions.
- In September 2019, McWane India has launched a new Complete End-to-End Smart Water Metering Solution.
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The Global Smart Water Market is projected to grow at a healthy growth rate from 2018 to 2023 according to new research.
The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.
It also presents insights into various restraints that pose threat and highlights opportunities that will help the market pick pace in the forthcoming years.
The report compiles exhaustive information obtained via proven research methodologies and from trusted sources from within the industries.
It also includes expert opinions to provide readers a clearer perspective regarding the global market.
The business overview and financial overview of each of the companies have been analyzed.Get FREE Exclusive PDF Sample Copy Of This Report @ https://www.upmarketresearch.com/home/requested_sample/5001Global Smart Water Meters Market: Regional Segment AnalysisNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaThe micro and macroeconomic factors influencing the growth of the market are covered in the detailed study of the Smart Water Market Analysis Report published on Up Market Research .
The Global Smart Water Management Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on meter type, solution and service.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Smart Water Management Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/17068-smart-water-management-market-reportThe report also covers the complete competitive landscape of the global Smart Water Management market with company profiles of key players such as:ABB GroupAvea İletişim Hizmetleri A.Ş.General Electric CompanyHoneywell International Inc.International Business Machines (IBM) CorporationSchnidler Electric SETakaduTopcon CorporationTrimble Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Meter Type:AMRAMIFixed Network.Cellular NetworkBy Solution:SCADA SystemAdvanced Pressure ManagementAdvanced AnalyticsNetwork MonitoringSmart Irrigation Management SystemBy Service:Maintenance And SupportConsulting Services By Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Smart Water Management Market @ https://www.decisiondatabases.com/contact/download-sample-17068The Global Smart Water Management Market has been exhibited in detail in the following chapters –Chapter 1 Smart Water Management Market PrefaceChapter 2 Executive SummaryChapter 3 Smart Water Management Industry AnalysisChapter 4 Smart Water Management Market Value Chain AnalysisChapter 5 Smart Water Management Market Analysis By Meter TypeChapter 6 Smart Water Management Market Analysis By SolutionChapter 7 Smart Water Management Market Analysis By ServiceChapter 8 Smart Water Management Market Analysis By GeographyChapter 9 Competitive Landscape Of Smart Water Management CompaniesChapter 10 Company Profiles Of Smart Water Management IndustryPurchase the complete Global Smart Water Management Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-17068Other Reports by DecisionDatabases.com:Global Energy Management Systems Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Solar Panel Recycling Management Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Personal Identity Management Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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