Aug 21, 2018   SOURCE: BusinessWire

The Smart Water Meter Market to 2025 - Global Analysis & Forecasts by Types; Components; and Applications - ResearchAndMarkets.com

The "Smart Water Meter Market to 2025 - Global Analysis and Forecasts by Types; Components; and Applications" report has been added to ResearchAndMarkets.com's offering.

The global Smart Water Meter market is estimated to grow at a CAGR of 12.4% during the forecast period 2018-2025, and account for US$ 5,832 million by the year 2025.

Several governmental initiatives are helping the smart water meter market to flourish in the current scenario. Various parts of the US have successfully implemented smart water meter with the help of government funding. For instance, Queensland (Australia) state government invested US$ 10 million with an objective to implement smart water meters in various parts of the region. The investment's objective is to improve water efficiency programs in FY 2017-2018.

Similarly, in November 2017, the Ministry of Water and Sanitation, Ghana awarded a contract of Kamstrup A/S for the supply of 500,000 smart water meters in order to fight water scarcity and high non-revenue water. The smart water meters' market is anticipated to witness a notable growth in the coming years owing to various other political initiatives undertaken by the governments of developed as well as developing countries across the globe.

Governments of countries such as the US, Canada, the UK, Germany, China, India, and Singapore are continuously emphasizing on developing smart cities, focusing on energy, transportation and traffic sectors.

The future market for smart water meter is promising, as the OEMs and other research centers are continually intending to deploy smart and connected technologies for efficient monitoring and operations without any human interference. As a result, technologically enriched sensors systems are being developed, which is expected to attract the significant number of industries in the coming years.

The AMR type market is continuously evolving with the introduction of new and innovative products. There is a surge in demand for AMR based smart water meter in type segment. This device provides improved monitoring of water consumption and aims at mitigating the losses of water utility companies.

The market is observing proliferation in the adoption of AMR based devices along with some developed regions preparing for two-way communication-based infrastructure network. Although, AMI sub-segment is projected to represent fastest growth rate, while, the AMR sub-segment due to significant growth rate and high market share is expected to create highest revenue opportunity over the forecast period.

Industry Dynamics

Market Drivers

  • Increasing Water Scarcity and Misuse of Water
  • Non-Revenue Water Monitoring and Control

Market Restraints

  • High Initial Investment and Lack of Knowledge
  • Vulnerable to Cyber Attacks

Market Opportunities

  • Smart Irrigation Systems Through Smart Water Management

Future Trends

  • Increase in Demand for Smart Water Meters With the Increase in Smart City Initiatives

Key Topics Covered

1. Introduction

2. Key Takeaways

3. Smart Water Meter Market Landscape

4. Smart Water Meter Market - Key Industry Dynamics

5. Smart Water Meter Market - Global Market Analysis

6. Smart Water Meter Market Revenue and Forecasts to 2025 - Types

7. Smart Water Meter Market Revenue and Forecasts to 2025 - Components

8. Smart Water Meter Market Revenue and Forecasts to 2025 - End-Users

9. Smart Water Meter Market - Geographical Analysis

10. Industry Landscape

11. Competitive Landscape

12. Smart Water Meter Market - Key Company Profiles

  • ARAD Group
  • DIEHL Metering Group
  • Elster
  • Kamstrup A/S
  • Mueller
  • Sensus
  • Neptune Technologies
  • Badger Meters
  • Itron
  • Aclara Technologies LLC

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