Publication Month: Jun 2018 |
Report Code: TIPTE100000347
| No. of Pages:
| Category: Electronics and Semiconductor
| Status: Published
No. of Pages 144
The majority of the world is facing an acute water scarcity pertaining to various factors such as illegal water tapping, pipeline tampering, and leakage. Other factors including rapid urbanization and aging infrastructure is also a key factor behind water scarcity. Water providers and water utilities are constantly adopting various technologies in order to supply adequate quantity of water to every area, along with reducing the operational costs, managing assets as well as supporting conservation. The population is growing at an exponential rate across the globe and owing to the growth rate, the demand for water is anticipated to grow certainly. With an objective to supply the required or demanded quantity of water, the water providers or utilities are upgrading their traditional water metering systems with new advanced technologies including automatic meter readers or advanced metering infrastructure. Among the end users, residential sector in developed countries and developing economies is adopting the technologically enriched water meters in order to monitor and check the water consumption pattern. The smart water meters market also facilitate the residential areas by alarming in case of pipeline leakage, tampering efforts, reverse flow, thereby reducing water loss and associated loss. The industrial sector is also upgrading their water meters with intelligent water meters as these smart technologies help the industries to understand the quantity of water allotted to them, quantity of water supplied at the end and quantity of water billed at the end of the time period. In order to reduce non-revenue water bill generation, the industries are increasingly procuring these smart water meters, thereby helping the market to propel over the years.
The technological advancements in the field of water conservation is a major progress to fight water scarcity. Various governments of developed and developing regions across the globe are constantly increasing their interest in adopting these robust technologies to provide an adequate quantity of water to the mass. In addition, various private organizations are also striving hard to implement technologically enriched smart water management systems to cope up with water scarcity problems across the globe. Thus, water scarcity and demand for proper maintenance of water consumption pattern is increasing the adoption of smart water meters thereby bolstering the market for smart water meter and this trend is to foreseen to continue in the future.
The smart water meter market is bifurcated on basis of types such as automatic meter reader (AMR) and advanced metering infrastructure (AMI).The automatic meter reader (AMR) accounted for the largest share in the global market share in 2017. The automatic meter readers are the conventional mechanism used to identify water leakage and illegal water tapping, while advanced metering infrastructure is an advanced wireless technology that is used for the same purpose. The automatic meter reading technology is heavily deployed in the various regions across the globe, while, the advanced metering infrastructure is gaining prominence in the current scenario.
The smart water meter market is segmented on basis of components as controlling units, displays, storage & integrated software, and others. The others segment includes communication units, power source, power components, and connectors among others. The controlling units segment accounted for the largest share in the global market share in 2017.
The technological advancements in controlling units of smart water meters, is expected to impact positively on the adoption rate of intelligent water meters in the coming years.
|Market Size Value in||US$ 1,506.2 Million in 2017|
|Market Size Value by||US$ 3,832 Million by 2025|
|Growth rate||CAGR of 12.4% from 2018-2025|
|No. of Pages||144|
|No. of Tables||16|
|No. of Charts & Figures||68|
|Historical data available||Yes|
|Segments covered||Types ; Components ; and Applications|
|Regional scope||North America; Europe; Asia Pacific; Latin America; MEA|
|Country scope||US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
The List of Companies - Smart Water Meter Market1. ARAD Group