Apr 14, 2020   SOURCE: BusinessWire

Insights on the Worldwide Smart Water Meter Market to 2027 - Smart City Projects in the Pipeline Across the World Present Opportunities - ResearchAndMarkets.com

The "Global Smart Water Meter Market 2019-2027" report has been added to ResearchAndMarkets.com's offering.

The global smart water meter market is predicted to grow at a CAGR of 7.59% during the forecasting period 2019-2027.

The increasing demand for sustainable water supply from various industries is driving the global market for smart water meters. Also, various benefits provided by smart water meters are a major driver in the market growth. However, this market growth is restrained by high charges of smart water meter installation and operational issues. Besides, limited budget allocation poses a major challenge to market growth. But the development in the water management systems and the smart city project pipelined throughout the world will proliferate the growth of the smart water meter market.

Companies Mentioned

  • Sensus (Acquired by Xylem)
  • Badger Meter Inc
  • Elster Group GmbH (Acquired by Honeywell International)
  • Landis+Gyr (Acquired by Toshiba Corporation)
  • Itron Inc
  • Master Meter (Acquired by Arad Group)
  • Kamstrup A/S
  • Aclara Technologies LLC (Acquired by Hubbell Incorporated)
  • Zenner International GmbH & Co Kg
  • Arad Group
  • Diehl Stiftung & Co Kg
  • Mueller Water Products Inc
  • ICSA (India)
  • Neptune Technology Group Inc
  • Datamatic Inc

The global market report covers the countries from Europe, North America, Latin America, Asia-Pacific and the Middle East and Africa.

North America is expected to be the largest market for smart water meter over the estimated period. Water scarcity in many countries has exerted pressure on the demand for a better water management system in the region. As it is a developed economy, the region is well-versed with advanced technologies like smart water meter systems. Stringent regulations regarding the overconsumption of water & conservation of water resources, along with the rapid development of smart cities are expected to fuel the market growth in the region.

Key Topics Covered:

1. Global Smart Water Meter Market - Summary

2. Industry Outlook

2.1. Market Definition

2.2. Key Insights

2.2.1. Shrinking Water Resources Across the World

2.2.2. Increasing Focus on Accountability of Non-Revenue Water (NRW)

2.2.3. Advanced Metering Infrastructure (AMI) is Anticipated to Grow at the Highest CAGR

2.3. Porter's Five Force Analysis

2.4. Market Attractiveness Index

2.5. Vendor Scorecard

2.6. Industry Components

2.7. Market Drivers

2.7.1. Demand for Sustainable Water Supply Across Various Industries is on the Rise

2.7.2. Benefits Offered By Smart Water Meters

2.8. Market Restraints

2.8.1. Higher Cost of Smart Water Meter Installation

2.8.2. Operational Issues

2.9. Market Opportunities

2.9.1. Evolving Sustainable Water Management Systems

2.9.2. Smart City Projects in the Pipeline Across the World

2.10. Market Challenges

2.10.1. Limited Budget Allocation for Smart Systems

3. Global Smart Water Meter Market Outlook - By Technology

3.1. Automatic Meter Reading (AMR)

3.2. Advanced Metering Infrastructure (AMI)

4. Global Smart Water Meter Market Outlook - By End-User

4.1. Commercial

4.2. Industrial

4.3. Residential

5. Global Smart Water Meter Market - Regional Outlook

5.1. North America

5.2. Europe

5.3. Asia-Pacific

5.4. Latin America

5.5. Middle East and Africa

6. Competitive Landscape

7. Research Methodology & Scope

7.1. Research Scope & Deliverables

7.2. Sources of Data

7.3. Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/7c3v8e