About Intelligent Water Meter
Intelligent water meters are electronic measuring devices used by public utilities for remote reading of water consumption in view of the issue of the invoice to different customers. Increasing pressure on water utilities due to growing demand for water, increasing water stress, rising energy prices, and aging water systems, smart water network solutions have emerged with significant benefits, by combining advanced metering technology, software, and effective communications systems. These are the significant factors that drive the growth of the intelligent water market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Manufacturers having a strong hold in the market are Sensus, Aichi Tokei Denki Co. Ltd, Zenner International Gmbh & Co. KG, and Mueller Systems LLC. Analyst at AMA Research estimates that United States and European Manufacturers will contribute the maximum growth to Global Intelligent Water Meter market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sensus (United States), Aichi Tokei Denki Co. Ltd (Japan), Zenner International Gmbh & Co. KG (Germany), Mueller Systems LLC (United States), TAKAHATA GROUP (Japan), Neptune Technology Group (United States), Sentec (England), Diehl Stiftung & Co. KG (Germany), Badger Meter, Inc. (United States) and Apator SA (Poland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Kamstrup (Denmark) and Arad Group (Israel).
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Water Meter market by Type (Electromagnetic, Ultrasonic and Mechanical), Application (Residential Use, Commercial Use and Industrial Use) and Region.
On the basis of geography, the market of Intelligent Water Meter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Advanced Metering Infrastructure (AMI) will boost the Intelligent Water Meter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Rapid Industrialization and Urbanization is the key Diver for the Growth
Market Growth Drivers:
The Growing Number of Residential Buildings and the Consequent Increase in Water Consumption and Raising Awareness About the Befits of Water Mater and Reduced Leakage and Increase Efficient Use of Water
Challenges:
Lack of Availability of Capital Funding Remains a major Challenge that Hindering the Adoption of Intelligent Water Meter. and The Operating Costs Associated with Intelligent Water Metering are also high
Opportunities:
Developing and Emerging Countries Prone to Droughts Present an Immense Opportunity
Market Leaders and their expansionary development strategies
In Syrinix January 2023, Badger Meter, Inc. has acquired of Syrinix, Ltd., a privately held provider of intelligent water monitoring solutions. The acquisition will expand comprehensive digital solutions to operationalize real-time data into actionable insights that improve efficiency, resiliency and sustainability.
In June 2023, Sensus launches new ultrasonic water meter. Cordonel enables precise water data management for a variety of environments and applications, integrating with the FlexNet communication network to provide accurate readings in real time.
Key Target Audience
Intelligent Water Meter Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.