Global Smart Water Meter Market to Grow at a CAGR of 14.68% during 2015
About Smart Water Meter Market:
Smart water meters are similar to conventional mechanical water meters except that they are connected to a data logger for continuous monitoring of water consumption. Global smart water meter market, is expected to witness an impressive growth rate with a CAGR of 14.68 percent during the period 2015-2019. Smart water meters provide real-time information or sufficient data points that allows consumers to understand and monitor water consumption. They also help utilities manage the water networks efficiently and provide better customer service as peak periods of water usage can be accurately determined by the data provided by smart water meters. Pulses are created in the smart water meter by the water consumption event; for instance, the use of a washing machine is logged by the data logger in a pre-defined frequency. Several user-defined parameters such as flow rate, time, and volume are used to disaggregate the information provided by these pulses and assign them to different water use events.
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Covered in this report
The report includes the segmentation of the global smart water meter market on the basis of data collection system, applications and geography.
Global Smart Water Meter Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
“Increase in water loss is expected to drive the market growth during the forecast period. Many countries worldwide are facing water scarcity because of an increase in water loss as a result of leakages or the illegal tapping of water pipelines.”
“Advances in smart water meters, coupled with the emergence of AMI-enabled communication, which enables two-way feedback, is encouraging more vendors to adopt the technology,”
“Advanced Metering Infrastructures (AMIs) encompass a wide range of metering devices, software processes, communication media and data-management systems. As a result, around the world, many AMR meters are now being replaced by AMI-compatible smart water meters.
Key Market Drivers
Increase in water loss
Need to manage water usage
Rising water stress levels
High NRW losses
Aging water distribution infrastructure
Key Market Trends
Advances in technology
Increase in pilot projects
Growing vendor partnerships
Key Market Vendors
Badger Meter Inc.
Elster Group GmbH
Sensus USA Inc.
To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.