Smart Water Metering Market size is projected to expand at an exponential rate owing to increase in construction spending in both residential and commercial.
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Smart water metering is internet capable measuring device used for water, energy and natural gas utilization for commercial and residential areas. These systems comprise of an electric meter, control unit, and water meter in one particular package. Traditional meters measure only water consumption whereas smart water meters record total resource consumption for daily use, including waste water used in industries and many others applications. Mart meters gather and use information with the help of information and communications technology (ICT) and by real time data generation. The reason behind installation of smart meters is to manage efficiency and increase operations in commercial areas, industrial zone, and residential area to reduce overall expenditures and carbon foot print.
Smart water metering market introduces new approach for groundwater management with different parameters such as billing, control, data processing/collection, and measurement. As estimated one third of the total costs is associated with treatment of water, therefor minimum water wastage will result into decrease in overall cost and energy. Engagement of smart water metering will help to identify performance problem, managing operating cost and challenges, which will help to improve and prioritize customer services infrastructure spending.
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North America, led by the US dominated regional market in 2015 owing to enhance smart water metering services along with AMI generating data. It has been analyzed and forecasted Europe will witness significant growth in future owing to increase smart water metering demand during the forecast period. European smart water metering market size is projected to reach over USD 14 billion by 2024. Increasing need to reduce and identify leakages and to minimize non-revenue water is likely to drive regional growth.
Key players in smart water metering include Aquiba, Aclara Technologies, Cyan Holdings, Badger Meter, Elster Water Metering, Elster Group, Itron., Kamstrup#Mueller System LLC, Jianggxi Sanchuan Water Meter.
This latest Smart Water Metering market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Smart Water Metering industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report “Smart Water Metering Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024.” in detail along with the table of contents:
Key Insights in this Report
- Smart Water Metering market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Smart Water Metering market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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