Market Overview:
The global smart water metering market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for advanced and efficient water management solutions across the globe. Additionally, factors such as rising population, rapid urbanization, and growing concerns over water wastage are also contributing to the growth of this market. The global smart water metering market is segmented on the basis of type, application, and region. On the basis of type, it is divided into remote transmitting water-meter and pre-payment electricity meter.
Product Definition:
Smart water metering is a technology that allows for the collection and monitoring of data related to water usage. This data can then be used to help optimize water use, manage costs, and identify leaks or other issues with the water system. Smart water metering is often seen as an important tool for helping municipalities and other organizations manage their resources more effectively.
Remote Transmitting Water- Meter:
Remote transmitting water meter is a device used for measuring the volume of water or other liquids being transported through pipes. It works on radio frequency and has no physical connection with the asset being measured. The smart meter is an advanced version of traditional metering equipment that uses electromagnetic technology to measure and record consumption data in residential, commercial, and industrial applications.
Pre-Payment Electricity Meter:
Pre-Payment Electricity Meter (PPM) is a device used to measure the electricity consumed by a customer before any payment is made. It helps in cutting down the time of billing and collection, as well as improves customer’s record keeping. The meter tracks the usage of water, gas and electricity along with sending alerts when there are sudden changes in consumption pattern or if it goes beyond pre-defined limit.
Application Insights:
The commercial application segment dominated the global smart water metering market in terms of revenue share in 2017. The growth can be attributed to the increasing number of commercial establishments, such as offices, educational institutions and healthcare facilities. Furthermore, growing investments by public-private partnerships for developing new infrastructure is expected to drive the demand over the forecast period.
The residential application segment is expected to witness significant growth over the forecast period owing to rising awareness among consumers regarding consumption patterns and need for conservation measures related to water usage. Moreover, government initiatives promoting energy efficiency are further anticipated to augment demand from this sector over next seven years.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness regarding smart water metering among customers, growing population, and government initiatives favoring digital transformation in various economies including India and China. For instance, in September 2017, China Energy Group announced a plan for providing subsidies worth USD X million to encourage installation of advanced energy meters across the country.
The European region accounted for more than 20% of global revenue share in 2016 owing to early adoption of smart grid technologies by countries such as Germany and Switzerland coupled with high demand from end-users such as residential consumers and large industrial facilities. Moreover, rising penetration of IoT technology is anticipated to fuel industry growth over the next eight years. North America region also held a significant market share due its strong presence across multiple industries including manufacturing & automotive; oil & gas; retail/wholesale trade; etc.
Growth Factors:
- Increasing demand for water conservation and efficient utilization of resources
- Rapid urbanization and industrialization in developing countries
- Stringent government regulations for water usage and wastage
- Rising awareness about the benefits of smart water metering among consumers
- Technological advancements that make smart meters more accurate, reliable, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Water Metering Market Research Report
By Type
Remote Transmitting Water- Meter, Pre-Payment Electricity Meter
By Application
Residential, Commercial, Industrial
By Companies
Honeywell International Inc, Itron Inc, Elster Gmbh, Datamatic Inc, Landis+Gyr Ag, Osaki Electric Co Ltd, Icsa (India) Limited, Siemens Ag, Schneider Electric Se, Iskraemeco, Honeywell International Inc, Master Meter Inc, Aclara Technologies Llc, Badger Meter Inc, Neptune Technology Group Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Smart Water Metering Market Report Segments:
The global Smart Water Metering market is segmented on the basis of:
Types
Remote Transmitting Water- Meter, Pre-Payment Electricity Meter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell International Inc
- Itron Inc
- Elster Gmbh
- Datamatic Inc
- Landis+Gyr Ag
- Osaki Electric Co Ltd
- Icsa (India) Limited
- Siemens Ag
- Schneider Electric Se
- Iskraemeco
- Honeywell International Inc
- Master Meter Inc
- Aclara Technologies Llc
- Badger Meter Inc
- Neptune Technology Group Inc
Highlights of The Smart Water Metering Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Remote Transmitting Water- Meter
- Pre-Payment Electricity Meter
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Water Metering Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart water metering is a technology that allows utilities to remotely measure and manage water usage in real-time. This information can be used to improve efficiency and reduce waste, while also providing customers with insights into their consumption habits.
Some of the major players in the smart water metering market are Honeywell International Inc, Itron Inc, Elster Gmbh, Datamatic Inc, Landis+Gyr Ag, Osaki Electric Co Ltd, Icsa (India) Limited, Siemens Ag, Schneider Electric Se, Iskraemeco, Honeywell International Inc, Master Meter Inc, Aclara Technologies Llc, Badger Meter Inc, Neptune Technology Group Inc.
The smart water metering market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Water Metering Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Water Metering Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Water Metering Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Water Metering Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Water Metering Market Size & Forecast, 2020-2028
4.5.1 Smart Water Metering Market Size and Y-o-Y Growth
4.5.2 Smart Water Metering Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Remote Transmitting Water- Meter
5.2.2 Pre-Payment Electricity Meter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Water Metering Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Water Metering Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Remote Transmitting Water- Meter
9.6.2 Pre-Payment Electricity Meter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Remote Transmitting Water- Meter
10.6.2 Pre-Payment Electricity Meter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Remote Transmitting Water- Meter
11.6.2 Pre-Payment Electricity Meter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Remote Transmitting Water- Meter
12.6.2 Pre-Payment Electricity Meter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Remote Transmitting Water- Meter
13.6.2 Pre-Payment Electricity Meter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Water Metering Market: Competitive Dashboard
14.2 Global Smart Water Metering Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell International Inc
14.3.2 Itron Inc
14.3.3 Elster Gmbh
14.3.4 Datamatic Inc
14.3.5 Landis+Gyr Ag
14.3.6 Osaki Electric Co Ltd
14.3.7 Icsa (India) Limited
14.3.8 Siemens Ag
14.3.9 Schneider Electric Se
14.3.10 Iskraemeco
14.3.11 Honeywell International Inc
14.3.12 Master Meter Inc
14.3.13 Aclara Technologies Llc
14.3.14 Badger Meter Inc
14.3.15 Neptune Technology Group Inc
