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Smart Water Meter Market trends research and projections for
The Smart Water Meter Market trends are analyzed from recent past with an eye on
coming years in this report that also offers projections for Smart Water Meter industry
targeted at helping in business decisions.
Global Smart metering system market has been growing rapidly in recent years, driven
by the rising demand to seek more reliable, secure, and efficient ways to manage
energy generation and its distribution. The intervention of the governments to adapt
reliable power systems is the principal driver augmenting Smart metering system
industry share. Endorsing the adoption of smart meters is effectively bringing value in
billing and consumption.
The rising demand for accountability and transparency in resource allocation has led
to wide applications of smart meters in residential, commercial, and utility sectors. The
demand for accurate energy usage from the service providers has driven the
residential applications, which was worth USD 5 billion in 2015. Smart metering
system industry share in commercial applications is foreseen to surpass USD 14 billion
There are two main types of smart meters: Automatic Meter Reading (AMR) and
Automatic Meter Infrastructure (AMI). Smart metering system industry from AMR
technology is set to record a CAGR of over 6% over the period of 2016-2024, primarily
driven by its high adoption rate in North America. AMI market is set to surpass 130
million units by 2024, and is forecast to experience an average growth due to its high
purchase and installation cost.
On the product front, Smart metering system industry is bifurcated as water, electricity,
Smart electric meters are witnessing heavy demand, owing to its low price and
Smart metering system market share, from smart gas meters is anticipated to
register a CAGR of 10% over the period of 2016-2024.
Smart water meters are expected to surpass 250 million units by 2024, subject
to stringent regulations introduced in controlling non-revenue water. (Water that
has been produced and is “lost” before it reaches the customer
Germany Smart Water Metering Market Size, By Application, 2016 (Million Units)
In terms of regional spilt, UK smart metering system market is projected to grow at a
CAGR of 16% over the period 2016-2024. The increasing impact of government
policies, which particularly mandates energy consumption and fiscal incentives to roll
out installation of smart meter will drive the regional Smart metering system market
growth. U.S. smart metering system industry share worth USD 5 billion in 2015, is
anticipated to spectate a rapid surge over the forecast timeframe. In addition to this,
China government has aimed to install over 380 million smart systems by 2020, whilst
Mexico Comision Federal de Electricidad (CFE) has arranged a contract to roll out
96,000 advanced meters in the region.
The major Smart metering system industry participants include Landis+GYR, Circutor,
Icsa, Siemens AG, Osaki Electric, Itron, Schneider Electric, and Iskraemeco.
Report Content of Smart Water Meter Market:
Methodology & Scope
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definitions and forecast parameters
Smart water metering industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Application trends
2.1.3 Technology trends
2.1.4 Regional trends
Smart Water Metering Industry Insights
Industry size & growth forecast, 2013 – 2024
Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel
Industry impact forces
3.6.1 Growth drivers
184.108.40.206 Non-revenue water (NRW) monitoring and control
220.127.116.11 Emerging Intelligent sustainable water management
18.104.22.168 Favourable government regulations
22.214.171.124 Accuracy & savings in billings
126.96.36.199 Effective monitoring of consumption patterns
3.6.2 Industry pitfalls & challenges
188.8.131.52 High initial investment
184.108.40.206 Privacy concerns
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