Smart Water Meter Market In-depth Professional Analysis 2018

The Global Smart Water Meter market is expected to grow from US$ US$ 1,506.2 Mn in 2017 to US$ 3,832.0 Mn by 2025 at a CAGR of 12.4% between 2018 and 2025.

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. Water providers and water utilities are constantly adopting various technologies in order to supply adequate quantity of water to every area, along with reducing the operational costs, managing assets as well as supporting conservation. The population is growing at an exponential rate across the globe and owing to the growth rate, the demand for water is anticipated to grow certainly. With an objective to supply the required or demanded quantity of water, the water providers or utilities are upgrading their traditional water metering systems with new advanced technologies including automatic meter readers or advanced metering infrastructure. The South America smart water meter market region is expected to witness a CAGR growth rate of 9.7% in the coming years.

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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. The smart water meters are wired or wireless mechanisms, integrated with data management programs through which the user or operator are able to review/ check the consumption pattern. The technological advancements in the field of water conservation is a major progress to fight water scarcity. Subsequently, driving the growth for smart water meter market in the coming years.

Smart Water Meter Market – By Type

Automatic Meter Reader
Advanced Metering Infrastructure

Smart Water Meter Market – By Component

Controlling Units
Display, Storage & Integrated Software
Others

Smart Water Meter Market – Application

Household
Commercial
Industry
Transportation

Smart Water Meter Market – By End-user

Residential
Industrial

Few of the recent strategies by some of the players’ operating in the Smart water meter market landscape are listed below:

2018: Itron signed an agreement with Mississippi Power which is a subsidiary of Southern Company. The agreement aims to support the grid modernization and technical innovation in the utility. Itron to arrange and manage standards-based Gen5 IPv6 network platform to attach around 193,000 advanced metering infrastructure (AMI) devices to enhance functional efficiencies and increase grid reliability for Mississippi based power customers in the southeast 23 Mississippi counties.

2018: Badger Meter has collaborated with AT&T Smart City Alliance. This collaboration aims to explore several alternatives to assist cities with varied requirements with an access to smart city water metering solutions. Merger of Badger Meter and AT&T works together to provide benefit to the water utilities from the experience in the smart water metering solutions.

2018: Sensus announced its partnership with Loudon Water (US) for providing for delivering advanced water and wastewater technologies to support the increasing community in future. Sensus will deliver Advanced Metering Infrastructure (AMI) solution, which consist of OMNI and iPERL residential water meters, linked with FlexNet Communication Network to meet the requirement of Loudon Water.

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