The benefits of using smart water meter are expected to boost the growth of the market registering a CAGR of over 12% during the forecast period.
The smart water meter market analysis considers sales from both advanced metering infrastructure (AMI) and advanced meter reading (AMR) technologies.
The analysis also considers the sales of smart water meter in the Americas EMEA and APAC. In 2018, the AMI segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as technological advancements over AMR systems, changing needs of water utilities, and product and cost benefits of using AMI water management systems along with electricity and gas services will play a significant role in the AMI segment to maintain its market position.
Also, the global smart water meter market report also looks at factors such as rise in global water demand, benefits of using smart water meters, favorable government support. However, high capital and operational costs, infrastructural and standardization challenges, lack of awareness may hamper the growth of the smart water meter industry over the forecast period.
Global Smart Water Meter Market: Overview
Benefits of using smart water meters
In a water-constrained environment, non-revenue water management through smart water meters is cost-effective compared with supply augmentation. Smart water meter programs provide automatic leak detection, thereby reducing water wastage by consumers. The benefits of using smart water meters can effectively help water utilities to manage water consumption and conserve water resources, which has become the need of the hour with rising water consumption.
Development of smart cities
A smart city makes use of digital technology for improving the performance of various resources. such as water, energy. and infrastructure. to enhance the overall productivity and well-being of the city. Chandigarh Smart City issued a request for a proposal to install 13,700 smart water meters in the households in Chandigarh, India. Similarly, proposals for installing smart water meters in various smart cities undergoing an infrastructure renovation have been put forth. This development is expected to have a positive impact on the overall market growth.
With the presence of several major players, the global smart water meter market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart water meter manufacturers, that include Badger Meter Inc., Honeywell International Inc., Itron Inc., Landis+Gyr AG, and Xylem Inc.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
- Market segmentation by technology
- Comparison by technology
- AMI - Market size and forecast 2018-2023
- AMR - Market size and forecast 2018-2023
- Market opportunity by technology
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Key leading countries
- Market opportunity
PART 09: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Residential - Market size and forecast 2018-2023
- Commercial and industrial - Market size and forecast 2018-2023
- Market opportunity by end-user
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Development of pay-as-you-go services
- Rise in adoption of digital technologies for smart water management
- Development of smart cities
PART 13: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Badger Meter Inc.
- Honeywell International Inc.
- Itron Inc.
- Landis+Gyr AG
- Xylem Inc.
For more information about this report visit https://www.researchandmarkets.com/r/8q98h5