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(IT-NEWSWIRE.COM, September 19, 2018 ) The Global Smart Water Meter market is estimated to grow at a CAGR of 12.4% during the forecast period 2018 – 2025 and account for US$ 5,832.0 Mn by the year 2025.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 ageing 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.
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Major Key Players in the Market
1. ARAD Group
2. DIEHL Metering Group.
3. Elster
4. Kamstrup A/S
5. Mueller
6. Sensus
7. Neptune Technologies
8. Badger Meters
9. Itron
10. Aclara Technologies LLC.
The Smart Water Meter market segmentation is done on the basis of type, components and end-users. The market for smart water meter is segmented on the basis of type into Advanced Metering Infrastructure (AMI), and Automated Meter Reading (AMR). The major components of a smart water meter form the basis of market segmentation into controlling unit; display, storage & integrated software; and others. The end-user segmentation for smart water meter market includes residential and industrial users.
North America is expected to remain dominant over the forecast period and is anticipated to 30 BPS over 2018 -2028 to account for 41.6% by 2028. The growth in the region is primarily driven by older infrastructure development and high labour cost in the region. However, in other regions such as the Asia Pacific and the Middle East the utilities are not able to leverage the capabilities of such expensive systems as the smart water meters are not just about installing digital interfaces in traditional infrastructure or streamlining city operations.
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Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global smart water meter market
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- The key findings and recommendations highlight crucial progressive industry trends in the smart water meter market, thereby allowing players across the value chain to develop effective long term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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Some of the global key players operating in the smart water meter market Sensus, Neptune Technologies, Badger Meters, Kamstrup A/S and Itron. ARAD Group, DIEHL Metering Group., Elster Group, Mueller and Aclara Technologies LLC are other key companies in the Smart Water Meter market.
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Sameer Joshi
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sam@theinsightpartners.com
Source: EmailWire.Com
Source: EmailWire.com
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