The
Smart Water Meter Market trends are analyzed from recent past
with an eye on coming years in this report that also offers projections for
Smart Water Meter industry targeted at helping in business decisions.
Global Smart metering system market has been
growing rapidly in recent years, driven by the rising demand to seek more
reliable, secure, and efficient ways to manage energy generation and its
distribution. The intervention of the governments to adapt reliable power
systems is the principal driver augmenting Smart metering system industry
share. Endorsing the adoption of smart meters is effectively bringing value in
billing and consumption.
The
rising demand for accountability and transparency in resource allocation has
led to wide applications of smart meters in residential, commercial, and
utility sectors. The demand for accurate energy usage from the service
providers has driven the residential applications, which was worth USD 5
billion in 2015. Smart metering system industry share in commercial applications
is foreseen to surpass USD 14 billion by 2024.
There
are two main types of smart meters: Automatic Meter Reading (AMR) and Automatic
Meter Infrastructure (AMI). Smart metering system industry from AMR technology
is set to record a CAGR of over 6% over the period of 2016-2024, primarily
driven by its high adoption rate in North America. AMI market is set to surpass
130 million units by 2024, and is forecast to experience an average growth due
to its high purchase and installation cost.
On the
product front, Smart metering system industry is bifurcated as water,
electricity, and gas.
·
Smart
electric meters are witnessing heavy demand, owing to its low price and energy
efficiency.
·
Smart
metering system market share, from smart gas meters is anticipated to register
a CAGR of 10% over the period of 2016-2024.
·
Smart
water meters are expected to surpass 250 million units by 2024, subject to
stringent regulations introduced in controlling non-revenue water. (Water that
has been produced and is “lost” before it reaches the customer.
In terms
of regional spilt, UK smart metering system market is projected to grow at a
CAGR of 16% over the period 2016-2024. The increasing impact of government
policies, which particularly mandates energy consumption and fiscal incentives
to roll out installation of smart meter will drive the regional Smart metering
system market growth. U.S. smart metering system industry share worth USD 5
billion in 2015, is anticipated to spectate a rapid surge over the forecast
timeframe. In addition to this, China government has aimed to install over 380
million smart systems by 2020, whilst Mexico Comision Federal de Electricidad
(CFE) has arranged a contract to roll out 96,000 advanced meters in the region.
Europe is predicted to lead the solar tracker industry over the coming
years
The major Smart metering system industry
participants include Landis+GYR, Circutor, Icsa, Siemens AG, Osaki Electric,
Itron, Schneider Electric, and Iskraemeco.
Browse key industry insights spread across 195
pages with 304 market data tables & 9 figures & charts from this report
Smart Water Meter Market in detail along with the table
of contents at:
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data
exploration
1.1.2 Statistical model
and forecast
1.1.3 Industry insights
and validation
1.1.4 Definitions and
forecast parameters
1.2 Data Sources
1.2.1 Primary
1.2.2 Secondary
Chapter 2 Executive Summary
2.1 Smart water
metering industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Application
trends
2.1.3 Technology trends
2.1.4 Regional trends
Chapter 3 Smart Water Metering
Industry Insights
3.1 Industry
segmentation
3.2 Industry size
& growth forecast, 2013 – 2024
3.3 Industry ecosystem
analysis
3.3.1 Vendor matrix
3.3.2 Distribution
channel
3.4 Innovation
landscape
3.5 Regulatory
landscape
3.5.1 U.S.
3.5.2 UK
3.5.3 Sweden
3.5.4 Germany
3.5.5 France
3.5.6 Ireland
3.5.7 Netherlands
3.5.8 Italy
3.5.9 Japan
3.5.10 China
3.6 Industry impact
forces
3.6.1 Growth drivers
3.6.1.1 Non-revenue water
(NRW) monitoring and control
3.6.1.2 Emerging Intelligent
sustainable water management solutions
3.6.1.3 Favourable
government regulations
3.6.1.4 Accuracy &
savings in billings
3.6.1.5 Effective monitoring
of consumption patterns
3.6.2 Industry pitfalls
& challenges
3.6.2.1 High initial
investment
3.6.2.2 Privacy concerns
This
latest Smart Water Meter Market
research report offers in-depth analysis, key industry insights, market sizing
& forecast on a granular level for key products, applications across number
of regional markets. The report also analyzes the Smart Water Meter industry from business strategy
perspective, describing in detail growth drivers, pitfalls &challenges for
participants, accompanied by a detailed competitive benchmarking including
company market share analysis and detailed business profiles.
Reasons to Buy This Report
·
Global
Smart Water Meter Market
size & forecast by product & application.
·
Growth
drivers, pitfalls & industry challenges.
·
Key
Smart Water Meter Market
growth opportunities & emerging business models.
·
Competitive
benchmarking with market share analysis and company profiles.
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