Smart Water Metering Market Forecasts | 6.48 Billion-Dollar Mark by 2023

A smart water meter not only measures water flow but uses wireless communication to connect to local or wide area networks, allowing remote location monitoring and infrastructure maintenance through leak detection. Smart water metering systems also enable automatic billing and customer management, including detection and protection against tampering attempts.

The Smart Water Metering market size will grow from USD 4.24 Billion in 2017 to USD 6.48 Billion by 2023, at an estimated CAGR of 7.32%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

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Increasing focus towards reducing non-revenue water, retrofitting of aging water infrastructure, and the need for accurate billing are the major factors driving the market.The report segments the smart water metering market on the basis of application into water utilities and industries. Based on component, the smart water metering market has been categorized into meters & accessories, communication, and IT solution. The market has also been categorized on the basis of type as AMR and AMI. Meters & accessories, which account for the maximum cost among all the components, held the largest market size, in terms of value, in 2017, followed by the IT solution and communication segments, respectively.

By Market Players:

Aclara Technologies LLC.

B Meters

Badger Meters

Datamatic

Diehl Metering Group

Elster Group

Itron

Kamstrup A/S

Landis+GYR

Master Meters

Neptune Technology

Sensus

Zenner

By Type

AMI

AMR

By Component

IT Solution

Communication

Meters & Accessories

By Application

Water Utilities

Industries

By Regions 

North America

Europe

China

Japan

Middle East & Africa

India

South America

Others

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

Points Covered in The Report:

The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.

The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.

Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.

The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

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