The "Global Smart Water Metering Market: By Type; By Component; and By Region: Drivers, Restraints, Opportunities, Trends, and Forecast 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global smart water metering market is anticipated to grow at a CAGR of 13.3% during the forecast period 2019-2025.
In recent years, the demand for water has increased significantly due to climate changes and other factors such as increasing population and rapid urbanization. As a result, governments across countries are heavily focusing on developing frameworks related to water management policies and a comprehensive strategy for long-term water resource management. This has pressurized water utilities to reduce water losses from both an environmental and financial standpoint.
Currently, the technology development and adoption of advanced technologies, such as IoT and analytics, in the water sector is lagging when compared to other utilities such as electricity and gas. Moreover, water systems in many countries are running on aged infrastructure, and technologies that utilities rely on managing water are largely outdated, which has resulted in increased non-revenue water (NRW).
Governments and utilities are emphasizing on reducing non-revenue water, and transformation of ageing water infrastructure with a growing focus on developing sustainable water infrastructure. The market will witness demand for water metering solutions that can be integrated with smart communicating devices, as a rising focus on reducing the operating cost driving the global smart water metering market.
In recent years, the demand for water has increased significantly due to climate changes and other factors such as increasing population and rapid urbanization
Emerging low power IoT connectivity technologies (NB-IoT) allow utilities to eliminate the need for investing in establishing their own communication infrastructure for remote meter reading, a prominent trend likely to accelerate the growth of the global smart water metering market during the forecast period. Additionally, increasing smart city initiatives and expanding urban landscape in developing economies are identified as opportunities anticipated to fuel the growth of the smart water metering market during the forecast period.
Additionally, utilities operating in developed economies are mandated to meet certain guidelines and standards to eliminate the commercial loss - water that is incorrectly billed because of poor/incorrect metering and physical loss - leaks and theft from the water distribution system, which is further accelerating the growth of the smart water metering market. Moreover, advancement in IoT and sensing technologies, the declining deployment cost of IoT solutions, and increasing focus on utilizing data-driven solutions to improve operating revenue of utilities are further fuelling the growth of smart water metering market.
The global smart water metering market is segmented based on type, component, and region. In terms of type, the global smart water metering market is sub-segmented into automated meter reading (AMR) and advanced metering infrastructure (AMI).
The AMR segment dominated in 2018 and is expected to lose its market share to the AMI segment during the forecast period. This is primarily due to higher operating costs of AMR when compared to AMI since meter readers must still drive the routes. The AMI system offers various water management capabilities such as enhanced tracking of flow patterns and water consumption, ability to monitor changes in demands and trends, and abnormalities in distribution network among others.
By type, AMI is anticipated to be the fastest growing segment attributed to its advanced water management capabilities of AMI system and increasing interest on smart grid solutions.
In terms of component, the global smart water metering market is sub-segmented into endpoint hardware, network infrastructure, installation, and others.
In 2018, the Americas was the dominant region in the global smart water metering market followed by Europe. The Asia Pacific is identified as the fastest growing region in the global smart water metering market, i.e., growing at a CAGR of 20.8% during the forecast period 2019-2025. This is mainly due to rapid urbanization and expanding urban landscape along with increasing investment in smart city initiatives.
Benefits & Vendors
The report on smart water metering market contains an in-depth analysis of vendors, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the key players profiled in this study include Xylem Inc. (Sensus), Itron Inc., Badger Meter, Inc., Kamstrup A/S, Landis+Gyr., Neptune Technology Group, Arad Group, Diehl Stiftung & Co. KG, Hubbell (Aclara Technologies LLC), and Mueller Water Products, Inc.
Key Topics Covered
1 Executive Summary
2 Industry Outlook
2.1 Industry Overview
2.1.1 Industry Trend
22.214.171.124 Emerging low power IoT connectivity technologies (NB-IoT)
3 Market Snapshot
3.1.1 PEST Analysis
3.1.2 Porter's Five Force Analysis
- 3.2 Related Markets
4 Market Characteristics
4.1 Market Distribution Structure
4.2 Market Developments
4.3 Market Segmentation
4.4 Market Dynamics
126.96.36.199 Increasing importance of reducing Non-Revenue Water
188.8.131.52 Transformation of ageing water infrastructure with smart devices for resource sustainability
184.108.40.206 Utilities pressurized to reduce operating cost
220.127.116.11 Lack of IT knowledge and complexity in integrating with existing infrastructure
18.104.22.168 Lack of political and regulatory support in developing economies
22.214.171.124 Increased focus on water-related smart city initiatives
126.96.36.199 Expanding urban landscape in developing economies
4.4.4 DRO - Impact Analysis
5 Smart Water Metering Market, By Type
5.2 Automatic meter reading (AMR)
5.3 Advanced metering infrastructure (AMI)
6 Global Smart Water Metering Market, By Component
6.2 Endpoint Hardware
6.3 Network Infrastructure
7 Global Smart Water Metering Market, By Region
7.2.2 By Type - Market Size and Analysis
7.2.3 By Component - Market Size and Analysis
7.3.2 By Type - Market Size and Analysis
7.3.3 By Component - Market Size and Analysis
7.4 Asia Pacific
7.4.2 By Type - Market Size and Analysis
7.4.3 By Component - Market Size and Analysis
7.5 Middle East & Africa (MEA)
7.5.2 By Product Type - Market Size and Analysis
7.5.3 By Component - Market Size and Analysis
8 Vendor Profiles
8.1 Xylem Inc. (Sensus)
8.1.1 Company Description
8.1.2 Business Analysis
188.8.131.52 Strategic Snapshot
184.108.40.206 Business Impact Analysis
220.127.116.11 Operational Snapshot
18.104.22.168 Product/Service Portfolio
8.2 Itron Inc.
8.3 Badger Meter, Inc.
8.4 Kamstrup A/S
9 Companies to Watch for
9.1 Neptune Technology Group Inc.
9.1.1 Company Description
9.1.2 Business Analysis
22.214.171.124 Strategic Snapshot
126.96.36.199 Operational Snapshot
188.8.131.52 Product/Service Portfolio
9.2 Arad Group
9.3 Diehl Stiftung & Co. KG
9.4 Hubbell (Aclara Technologies LLC)
9.5 Mueller Water Products Inc.
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