A recent report published by Infinium Global Research on smart
water meter market provides an in-depth analysis of segments and sub-segments in
the global as well as regional smart water meter market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional smart water meter market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of the global smart water meter market. According to the report, the
global smart water meter market is projected to grow at a CAGR of 11.4% over
the forecast period of 2019-2025.
Recent years have brought many advancements in metering that helps
water utilities more efficiently measure, monitor and analyze their resources.
Advancement in technology means water utilities can begin to enjoy all the
benefits of AMI and AMA without previous operational and technology concerns.
Another advance in metering technology is the use of cellular metering
endpoints for system-wide communications. With increasing pressure on water
utilities due to growing demand, increasing water stress, rising energy prices,
and aging water systems, smart water network solutions have emerged with
significant benefits. The advanced technology reads the volume of water that
enters a property in 30-minute intervals and wirelessly transmits water
consumption data to a central gateway.
The need to track and monitor water usage accurately in
industries, homes and other avenues is a major driving factor for the smart
water meter market. Furthermore, factors such as rising development of the
smart city infrastructure, increasing water scarcity and increasing water
scarcity issues across the globe are other driving factors for the market
growth. Growing water usage in industries such as automotive, food &
beverage, manufacturing, construction, and the chemical is supposed to
contribute significantly to trade growth. However, the lack of acceptance due
to the high installation cost of smart water meters is restraining the growth
of the market. Moreover, digitalization of the water industry operations is
expected to provide growth opportunities to the market players.
Geographically, North America dominates the global smart water
meter market owing to the strong presence of well-established players across
the region. The U.S. holds a large market share in North America due to
government is investing heavily in deploying innovative smart water meters in
place of older water meters across the country. Europe is the second-largest
market due to growing R&D efforts to provide efficient remote sensing water
metering technique and increasing public initiatives for water leakage
The report on the global smart water meter market covers segments such
as technology, meter type, and applications. On the basis of technology, the
sub-markets include ultrasonic meter, electromagnetic meter, and mechanical
meter. On the basis of meter type, the sub-markets include one-way meter, and
two-way meter. On the basis of applications, the sub-markets include
commercial, industrial, and residential.
The report provides profiles of the companies in the market such
as Badger Meter, Inc., Kamstrup A/S, Diehl Stiftung & Co. KG, Landis+Gyr,
Aclara Technologies LLC, Sensus USA Inc., Itron Inc., Datamatics Global
Services Limited, B Meters, Elster Group SE, and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of smart water
meter market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.