Smart Water Management Market 2019
In the year 2019, the smart water management meter market value was USD 1950 million. But the market is now growing rapidly. As per the latest market data, the global market for this is will cross 3490 million. On the other side, the Compound Annual Growth Rate will be around 12.4 percent during the forecast period. It is forecasted that about two-thirds of the total population will be living in areas where there will be less amount of water by 2025. The water demand will also increase by around 50 percent.
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Listed Key Players
Diehl Stiftung & Co. KG
Suntront Tech Co., Ltd
Badger Meter Inc
Arad Group(Master Meter)
Huizhong Instrumentation Co., Ltd
Ningbo Water Meter
The increasing operating costs for water management is the primary reason behind the growth of this market. Besides, the evolution of sustainable meter will be a major factor that will significantly drive the market. The governments of different countries are now focusing more on smart cities’ development. Smart cities involve the deployment of the latest technologies, cloud-based service, optimization in resource management, and more. All these will create a huge growth opportunity for smart water management meter. Smart meters are now installing in the households.
It has been observed that water utilities are now adopting different technologies. For example, smart water meters for non-revenue water management. This lets the water utilities to improve their services. With the use of such a meter, the need for onsite meter reading can be eliminated. Besides, these meters are helping the users in keeping track of their water consumption patterns, and they save water. These meters help in better water conservation. All these will propel the market growth in the coming years.
Global Market Segmentation Analysis
The global market for smart water management meter is segmented on the basis of meter types, applications, and regions. Considering the meter type, it is split into AMI- Advanced Metering Infrastructure and AMR- Advanced Meter Reading. The report suggests that the AMI meter segment will witness the highest market share in the coming years. Technological advancement, changing requirements of water utilities, and cost-benefits of using these meters are some of the few factors that will drive the market. Based on the application, it is divided into industrial use, commercial use, and residential use. Among these, the residential use segment is anticipated to rule the segment.
Regional Market Segmentation Analysis
The smart water management meter, regionally, split into the Middle East and Africa, Latin America, Europe, South America, and others. Besides, this market study report includes the market analysis of various countries. They are the United States, the UK, Russia, India, Italy, Germany, China, France, Germany, Japan, Korea, South Africa, New Zealand, Australia, and more. After a detailed analysis of the market growth opportunities for the regions and the key players, it has been forecasted that the North America region will dominate the market in the future. Some of the factors, like development in technology, availability of key vendors, and various favorable government policies to initiate water management programs, are expected to propel this regional market.
In April 2017, Badger Meter Inc informed that the company would supply its advanced ORION Cellular smart water communication endpoints to Aurora Water in Colorado city. The city tried to lower the water loss and wants to promote water conservation for the utility’s 87,000 customers. Aurora Water will use EyeOnWater consumer engagement tools.
Table of contents – Major Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global Smart Water Management Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Smart Water Management Market Analysis by Regions
5 North America Smart Water Management by Country
6 Europe Smart Water Management by Country
7 Asia-Pacific Smart Water Management by Country
8 South America Smart Water Management by Country
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