What is Smart Water Meter?
A smart water meter measures the flow of water and uses wireless communication to associate to local or wide area networks permitting remote location monitoring and infrastructure maintenance over leak detection and automatic billing. Smart meters are battery powered and are low-power devices play a crucial role in major system configurations. Smart metering allows water companies to manage the consumption of water, build a better association with their customers and bill precisely for the amount of water consumed by each household and business.
The market study is broken down by Type (Displacement Meters, Velocity Meters, Electromagnetic Meters and Others) and major geographies with country level break-up.
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Smart Water Meter market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aclara Technologies LLC (United States), Arad Group (Israel), Fanna Technology (United Arab Emirates), Master Meter, Inc. (United States), Contazara SA (Spain), Aquiba Pty Ltd. (Australia), B METERS s.r.l. (Italy), Badger Meter, Inc. (United States), Bermad Water Technologies (Australia), Diehl Metering GmbH (Germany), Elster Water Metering (United Kingdom) and Suntront Technology Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Kamstrup A/S (Denmark), Silver Spring Networks, Inc. (United States), Ningbo Water Meter Co., Ltd. (China), MARS Company (United States) and Wasion Group Co., Ltd. (China).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Smart Water Meter market by Type, Application and Region.
On the basis of geography, the market of Smart 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. Automatic Meter Reading (AMR) will boost the Smart Water Meter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Smart Water Meter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On June 13, 2018 - Badger Meter, a leading global innovator and manufacturer of flow measurement, control and communications solutions, has announced the launch of its next generation E-Series Ultrasonic meters for commercial applications. The new meters will be available in 3-inch and 4-inch sizes.
Market Trend
- Innovative Technologies and Enabling Solutions Drive Smart Water Metering Deployments
Market Drivers
- Several Benefits for Water Utilities from Complete Automation of Operations
- Increasing Adoption among Utilities
Opportunities
- Growing Investments in Digital Solutions by Water Utilities
- Rising Demand for Smart Grids and Energy Efficiency in Developing Countries
Restraints
- High Cost Related To Smart Water Meter
Challenges
- Creating Awareness among Consumers Along With Bringing Interoperability
- Inappropriate Installation of Smart Meters
Key Target Audience
Manufacturers of Smart Water Meter, Suppliers of Smart Water Meter, Wholesalers, Distributors and Retailers of Smart Water Meter, Regulatory Bodies and Governmental Bodies
Key Finding and Research Objectives
The main objective is to emphasise the competitive structure of Smart Water Meter Industry. The research includes study of several small to medium-sized companies that compete with each other and also with the large enterprises. Insights on Regulatory & Economic policies by geography giving ease to Market entry. What product features & benefits offered by Industry players studied and broken down by diverse group of customer class.
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.