Market Opportunity Analysis Engagement for A Smart Water Metering Market Helps in Analyzing Pos.

Global Smart Water Metering Market Scenario:

The report global smart water metering market is projected to reach USD 9.6 billion by 2024 from an estimated USD 5.9 billion in 2019, at a CAGR of 10.3% during the forecast period. The growing concern toward managing the supply of water is a driving factor for the market. Moreover, the adoption of the Internet of Things in the water industry is bringing opportunities for the market.

Key Market Players

The major players in the global smart water metering market are Kamsturp (Denmark), Badger Meter (US), Diehl (Germany), Landis+Gyr (Germany), Itron (US), Neptune Technology Group (US), Aclara Technologies (US), Sensus (US), BMETER (Italy), Datamatic (US), Honeywell (US), and ZENNER (Germany).

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The ultrasonic meter segment is expected to be the fastest growing smart water metering market, by meter type, during the forecast period

The ultrasonic meter segment of the smart water metering market, by meter type, is expected to grow at the fastest rate during the forecast period. This is mainly because ultrasonic meters deliver highly accurate data outputs than mechanical and electromagnetic meters. These meters are equipped with sensors that can measure the water velocity and then convert it into the water flow rate. Moreover, ultrasonic meters have a longer life span, and they are able to transmit real-time data using communication network connectivity; the data is analyzed by meter data management systems or central monitoring software platforms.

The AMR segment is expected to dominate the smart water metering market, by technology, during the forecast period

AMR is a key driver of proficiency for water utilities. It helps in lowering operational costs by optimizing maintenance and reducing human intervention in the measurement operation. AMR is a system and process used to remotely collect water meter data without the physical presence of personnel at the reading point. North America and Europe are the regions mostly implementing this technology. Other regions have also started implementing this metering infrastructure to reduce nonrevenue water.

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North America: The largest smart water metering market

In this report, the smart water metering market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. The dominance of the region is mainly due to high installation rate of smart water meters by the North American water utilities. Also, the region is the highest consumer of water in the world. Smart water meter suppliers are focusing on expanding their offerings in the North American region to help customers reduce the water bills as the smart water meters detect water leakages and turn off the supply in case of water losses. Ultrasonic meters are gaining more preference by the water utilities in North America due to higher efficiency and more accurate rates.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the smart water metering market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Smart Water Metering Market Forecast to 2024: Opportunities in Adoption of the Internet of Things in the water industry

According to the new market research report "Smart Water Metering Market by Meter Type (Electromagnetic, Ultrasonic, Mechanical), Technology (AMI, AMR), Component (Meters & Accessories, IT Solutions, Communications), Application (Water Utilities, Industries), and Region - Global Forecast to 2024",

The global smart water metering market is projected to reach USD 9.6 billion by 2024 from an estimated USD 5.9 billion in 2019, at a CAGR of 10.3% during the forecast period. The growing concern toward managing the supply of water is a driving factor for the market. Moreover, the adoption of the Internet of Things in the water industry is bringing opportunities for the market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250996975

The ultrasonic meter segment is expected to be the fastest growing smart water metering market, by meter type, during the forecast period

The ultrasonic meter segment of the smart water metering market, by meter type, is expected to grow at the fastest rate during the forecast period. This is mainly because ultrasonic meters deliver highly accurate data outputs than mechanical and electromagnetic meters. These meters are equipped with sensors that can measure the water velocity and then convert it into the water flow rate. Moreover, ultrasonic meters have a longer life span, and they are able to transmit real-time data using communication network connectivity; the data is analyzed by meter data management systems or central monitoring software platforms.

This research report categorizes the smart water metering market on the basis of type, component, meter type, end-user, and region.

On the basis of Technology, the market has been segmented as follows:

• AMI
• AMR

On the basis of Component, the market has been segmented as follows:

• IT Solutions
• Communications
• Meters & Accessories

On the basis of Meter Type, the market has been segmented as follows:

• Ultrasonic Meter
• Electromagnetic Meter
• Mechanical Meter

On the basis of Application, the market has been segmented as follows:

• Water Utilities
• Industries

On the basis of Region, the market has been segmented as follows:

• North America
• South America
• Asia Pacific
• Europe
• Middle East & Africa
  

The AMR segment is expected to dominate the smart water metering market, by technology, during the forecast period

AMR is a key driver of proficiency for water utilities. It helps in lowering operational costs by optimizing maintenance and reducing human intervention in the measurement operation. AMR is a system and process used to remotely collect water meter data without the physical presence of personnel at the reading point. North America and Europe are the regions mostly implementing this technology. Other regions have also started implementing this metering infrastructure to reduce nonrevenue water.

North America: The largest smart water metering market

In this report, the smart water metering market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. The dominance of the region is mainly due to high installation rate of smart water meters by the North American water utilities. Also, the region is the highest consumer of water in the world. Smart water meter suppliers are focusing on expanding their offerings in the North American region to help customers reduce the water bills as the smart water meters detect water leakages and turn off the supply in case of water losses. Ultrasonic meters are gaining more preference by the water utilities in North America due to higher efficiency and more accurate rates.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the smart water metering market.

Some of the key players are Arad Group (Israel), Badger Meter (US), Itron (US), Kamstrup (Denmark), and Diehl (Germany). The leading players are adopting various strategies to increase their share in the smart water metering market. Contracts & agreements has been a widely adopted strategy by the major players in the smart water metering market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
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Smart Water Metering Market Outlook 2022, Global Opportunity & Growth Analysis

[200 Pages Report] According to latest market research report “Smart Water Metering Market by Type (AMR and AMI), by Component (Meters & Accessories, Communication, and IT Solution), by Application (Water Utilities and Industries) and by Region - Global Trends & Forecast to 2021”,The global smart water metering market was valued at USD 3.73 Billion in 2015, and is expected to grow at a CAGR of 7.23% from 2016 to 2021. Factors such as increasing focus towards reducing non-revenue water, retrofitting of aging water infrastructure, and the need for accurate billing are driving the market worldwide.

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Meters & accessories to be the dominant component-based segment in the global smart water metering market

The smart water metering market in this report has been classified based on components into three segments, namely, meters & accessories, communication, and IT solution. The meters & accessories segment accounted for the largest market size, in terms of value, in 2015. It was followed by the IT solution and communication segments, respectively.

Browse 66 market data Tables and 53 Figures spread through 200 Pages and in-depth TOC on “Smart Water Metering Market - Global Trends & Forecast to 2021"

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“The AMR segment would dominate the global smart water metering market”

The Automatic Meter Reading (AMR) segment is estimated to be the largest market for smart water metering in 2016. It is a metering technology that collects consumption data from the water meters and transfers it to a central database (in the utility station) for billing and other purposes (one-way communication only). Popular in North America and Europe, other regions have also started to implement this metering infrastructure to reduce non-revenue water. It is less costly when compared to AMI, and hence has a higher market size. However, the AMI market is projected to grow at the highest rate because of its superiority.

Scope of the Report

On the basis of Type:

· AMR

· AMI

On the basis of Componenet:

· Meters & Accessories

· IT Solution

· Communication

On the basis of Application:

· Water Utilities

· Industries

On the basis of Region:

· North America

· Europe

· Asia-Pacific

· Middle East & Africa

· South America

North America is the dominant market for smart water metering

North America dominates the smart water metering market, and Europe is expected to grow at the fastest pace during the forecast period. In North America, the growth of the smart water metering market can be attributed to focus on water monitoring & prevention of water leakage and the repair & upgrade of aging water infrastructure. Meanwhile, several smart water meter rollouts are taking place in countries such as the U.K., Germany, and France, which would drive growth in the European region. 

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 To provide an in-depth understanding of the competitive landscape, the report includes profiles of the following companies, namely, Itron Inc. (U.S.), Elster Group GmbH (Germany), Sensus (U.S.), Landis+Gyr (Switzerland), Kamstrup A/S (Denmark), Aclara Technologies LLC (U.S.), Badger Meter, Inc. (U.S.), Datamatic, Inc. (U.S.), Diehl Metering GmbH (Germany), Neptune Technology Group Inc. (U.S.), B METERS s.r.l. (Italy), Arad Ltd. (Israel), and Arqiva Ltd. (U.K.). Dominant players are trying to penetrate developing economies and are adopting various methods to grab the market share.

Market share analysis based on developments for key companies has been included in the report. The scope aids market participants to identify high-growth markets and help managing key investment decisions. For this report, major players in the smart water metering market have been identified using various primary and secondary sources, which include annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and marketing personnel. The market shares have been evaluated and validated based on this research.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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