Smart Water Metering Market Size By Technology (AMR, AMI), By Application (Residential, Commercial, Utility), By Product (Smart Hot Water Meter, Smart Cold Water Meter) Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Mar 2018  |  Report ID: GMI697  |  Authors: Ankit Gupta, Aditya Singh Bais

Report Format: PDF   |   Pages: 311   |   Base Year: 2016

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Smart Water Metering Market size valued at over USD 900 million in 2016 and is projected to exceed annual installations of 40 million units by 2024.

Germany Smart Water Metering Market

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Growing measures and intensifying global initiatives to minimize Non-Revenue Water (NRW) on account of rising demand for efficient resource utilization will drive the smart water metering market. Increasing introduction of sustainable solutions for effective water management along with rising focus toward its conservation will stimulate product demand. In addition, shifting trends toward digitalization of the distribution systems to enhance efficiency will further augment the industry outlook.

Adoption of stringent regulations pertaining to monitoring of the water distribution network coupled with escalating requirement of accurate resource allocation will boost smart water metering industry penetration. Soaring investments toward infrastructure development aimed at the provision of proactive services and a streamlined water supply process will boost the installation of these systems. For instance, in the 2019, the U.S. EPA announced to invest over USD 64 million in the Clean Water State Revolving Fund (CWSRF) that is available to tribes of District of Colombia and certain other U.S. territories for water infrastructure projects.

Ongoing technological advancements & innovations aimed at the development of precise monitoring technologies will enhance the industry growth. Increasing concerns pertaining to growing water scarcity and growing initiatives to curb its wastages will fuel product adoption. For instance, as per the study conducted by the United Nations University and Institute for Water, Environment & Health in 2017, there has been a 55% decline in available fresh water per capita since 1960 across the globe.

Smart Water Metering Market Report Coverage
Report Coverage Details
Base Year: 2016 Market Size in 2016: 900 Million (USD)
Historical Data for: 2013 to 2016 Forecast Period: 2017 to 2024
Forecast Period 2017 to 2024 CAGR: 16.9% 2024 Value Projection: 3 Billion (USD)
Pages: 311 Tables, Charts & Figures: 565
Geographies covered (30): U.S., Canada, Germany, UK, France, Russia, Sweden, Italy, Denmark, Austria, Spain, Japan, China, South Korea, India, Australia, UAE, Saudi Arabia, Oman, Kuwait, Iran, Jordan, Egypt, South Africa, Nigeria, Mexico, Brazil, Uruguay, Argentina, Chile
Segments covered: Technology, Application, Product and Region
Companies covered (14): Diehl Metering, Neptune Technology Group, Inc., Apator, Schneider Electric SE, Siemens, Badger Meter, Inc., Aclara Technologies LLC, Sensus, Landis+Gyr, Honeywell Elster, Itron, Kamstrup, Arad Group, Jiangxi Sanchuan Water Meter Co. Ltd.
Growth Drivers:
  • Non-revenue water (NRW) monitoring and control
  • Emerging Intelligent sustainable water management solutions
  • Favorable government regulations
  • Accuracy & savings in billings
  • Effective monitoring of consumption patterns
Pitfalls & Challenges:
  • High initial investments and fragmented nature of the industry
  • Privacy concerns

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By Technology

AMI smart water metering market is set to witness robust growth on account of its ability to optimize the bill generation process and reduced labor costs. High reliability, optimized design and long battery life are some of the key underlying factors favoring the installation of these units. In addition, increasing investments by utilities to procure and deploy digital solutions across their service network will further proliferate the business growth.

Low installation costs, affordable maintenance and easy availability are few eminent factors favoring the deployment of automated meter reading technology. AMR technology captures the data regarding water consumption and automatically diagnoses the data and transmits it to a centralized database for further analysis. This then initiate the billing process and trouble shooting in case of malfunction.

By Application

Smart water metering market from residential application is set to witness growth over 15% by 2024. Growing demand for accurate mapping of unregulated water resource spending and optimization of the billing process will raise the product adoption. Remote monitoring, increasing water scarcity and growing integration of cybersecurity mechanisms to ensure reliable & secure operation will enhance the technology penetration across residential establishments.

Introduction of government measures and incentives aimed toward reducing the Non-Revenue Water will positively influence product adoption across utilities. Ongoing restructuring of the water distribution system coupled will further proliferate the industry outlook. In addition, growing investments toward the development of smart infrastructure on account of rising focus toward the Smart City Mission objectives will propel the technology demand.

By Product

Cold product segment is set to witness gains over 15% by 2024. Increased spending toward the adoption of smart & sustainable solutions across the commercial & residential establishments will augment business growth. Growing water consumption coupled with the rising concerns toward effective resource utilization will further enhance the industry outlook over the forecast timeline.

Hot water meters witness growth owing to their ability of efficiently regulating individual water consumption. Precise technical sophistication and reliable operation to withstand high temperatures are the prominent factors making its adoption preferable over other alternatives.

By Region

Middle East & Africa Smart Water Metering Industry By Country

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Europe smart water metering market will witness robust growth owing to shifting regulatory landscape toward the implementation of sustainable policies & standards to effectively address concerns toward water scarcity. In addition, growing urbanization has resulted in adoption of advanced systems to manage water consumption, which in turn will increase product penetration.

North America market is expected to witness gains on account of growing consumer focus toward billing process transparency along with rising economic merits of installation of smart technologies. Increasing water scarcity along with rising government spending toward the implementation of a digital economy will further proliferate the industry landscape.

Competitive Market Share

Key market participants operating across the industry comprises of Apator, Aclara, Diehl Metering, Landis+Gyr, Badger Meter, Arad Group, Honeywell International, Sensus, Kamstrup and Neptune Technologies amongst others.

Robust distribution network, product differentiation and price affordability are key strategies adopted by the manufacturers to gain competitive advantage. Furthermore, increased spending toward R&D initiatives to develop advanced metering technologies will create favorable business opportunities & potential for the industry stakeholders.

Industry Background

A smart water meter is an integrated system that enables to monitoring & diagnoses the consumption pattern and identify maintenance issues to track costs related to water resource utilization. Ability of these systems to provide communication in real time, capture accurate data and alleviate concerns associated with water scarcity are the key factors favoring the installation of these units.

Frequently Asked Questions (FAQ) :

The market size of smart water metering was USD 900 million in 2016.
The industry share of smart water metering is projected to witness more than 16.9% growth rate during 2017 to 2024.
According to the analysts at GMI, the residential application segment is set to witness growth of over 15% during the forecast period.
North America market will grow substantially owing to higher focus on billing process transparency and the economic benefits of installing smart technologies in homes.
Automated meter reading (AMR) entails lower cost of installation, easy availability, and affordable maintenance, along with recording and sending water use data for further consumption analysis.
Hot water smart meters offer precise technical sophistication and enable the efficient regulation of individual water use, while providing reliable operation by withstanding high temperatures.

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Premium Report Details

  • Published Date: Mar 2018
  • Pages: 311
  • Tables: 543
  • Charts / Figures: 22
  • Companies covered: 14
  • Countries covered: 30

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