Smart water meter is
an internet-enabled device, typically coupled with GPS chips and GIS
(Geographic Information System) that measures and manages water
consumption and distribution. A smart water meter uses power line
communications (PLC), wireless radio frequency, and SCADA
(Supervisory Control and Data Acquisition) in order to constantly
communicate with the central server. The smart water meters market
came into prominence in the 2000s, as a part of the Smart Grid
project, which was initiated to improve services and efficiency of
the water supply system. Following the smart grid project, the smart
water meters market gained popularity, as water utilities across the
world started its large-scale implementation.
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Research Report of Smart Water Meters Market :
Factors that are
expected to drive the global smart water meters market include
increasing demand from water utilities to provide proactive services
by establishing water consumption patterns using predictive analysis,
reducing operational costs, and streamlining the water supply
management. Furthermore, urgent need for identification of water
leakages, upgrade of aging, traditional water infrastructure, and
accurate billing amidst increasing environmental stress and water
scarcity is anticipated to drive the global smart water meters
market. Besides this, growing adoption of smart IT solutions by water
utilities across the world is expected to fuel the market.
However, factors
including high initial investments and high installation and
licensing fees coupled with software support services are expected to
act as restraints for the global smart water meters market.
The global smart
water meters market can be segmented on the basis of technologies,
components, end-users, and regions. On the basis of technologies, the
market can be segmented into AMR (automatic meter reading) and AMI
(advanced metering infrastructure).
On the basis of
components, the global smart water meters market can be segmented
into manufacturers, installers, and data & network management
firms. Of these, the data & network management firms segment is
expected to hold a major share in the global smart water meters
market during the forecast period. This is owing to its sustainable
value and long-term viability. Manufacturers and installers are
expected to follow the data and network management firms, as timely
replacement and upgrade of meters is likely to gain importance.
On the basis of
end-users, the global smart water meters market can be segmented into
water utilities and commercial users.
Geographically, the
market can be divided into North America, Europe, Asia Pacific,
Middle East & Africa, and South America. North America is
anticipated to dominate the global smart water meters market. This is
owing to widespread yet traditional infrastructure of water meters in
the region. Europe is projected to follow North America. Replacement
of first-generation devices is anticipated to further boost the
market in Europe. Also, improving investment environment bolstered by
strong government support is estimated to drive the market in the
region. The market in Asia Pacific is also anticipated to witness
substantial growth.
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Key players
operating in the global smart water meters market include Minsen
Meter Co., Ltd., Itron Inc., Elster Group GmbH, Landis+Gyr, Kamstrup
A/S, Silver Spring Networks, Aclara Technologies LLC, Badger Meter,
Inc., Datamatic, Inc., Diehl Metering GmbH, Neptune Technology Group
Inc., B METERS s.r.l., Arad Ltd., and Arqiva Ltd.
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