Market Overview:
The global smart water meter system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for advanced metering infrastructure (AMI) and rising concerns about water wastage. By type, the pre-payment electricity meter segment is expected to lead the global smart water meter system market during the forecast period, owing to its ability to reduce non-revenue water (NRW). By application, the residential segment is expected to lead the global smart water meter system market during the forecast period, owing to rising concerns about efficient use of resources and government initiatives towards AMI deployment in residential areas.
Product Definition:
Smart water meters are digital devices that measure and record water use for a property. They provide more accurate readings than traditional meters, which rely on estimates. Smart water meter systems can help homeowners and businesses conserve resources by tracking real-time water use, providing data that can be used to identify leaks and optimize watering schedules.
Pre-payment Electricity Meter:
Pre-payment electricity meter is a device that enables consumers to make payments for utility services before the consumption of those utilities. It also helps in reducing the arrears of bills and avoiding disconnection from electricity. The smart water meter system has evolved due to growing demand for real-time usage information, which can be beneficial in increasing energy efficiency and conservation.
The global pre-payment electricity meter market size was valued at USD 2,37 billion in 2016.
Remote Transmitting Water Meter:
A remote transmitting water meter is a device used to measure the volume of water or wastewater in real-time. It is connected to the main network and can send data automatically over the internet. The information received by this device can be used for various applications such as leak detection, leakage detection, tank monitoring, etc.
The smart water meter system comprises of two devices namely remote transmitting unit.
Application Insights:
The commercial application segment accounted for the largest revenue share of over 60% in 2017. The growing demand for water meters in commercial spaces, such as shopping malls, hospitals, hotels and restaurants to manage and bill water usage is expected to drive the growth of this segment. Furthermore, increasing investments by public-private partnerships (PPP) agencies are anticipated to further boost the smartwatermeter system market over the forecast period. For instance; PPP India has invested USD 20 million for installing pre-payment electricity meters across 1 million households which will help eliminate manual billing and track electricity consumption through a smartphone app provided by National Electrical Distribution Company (NEDCOM). Such initiatives are expected to propel industry growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness regarding conservation and demand for efficient water management systems in countries such as China, India, and Japan. Moreover, rising investments by governments of developing countries are anticipated to fuel industry expansion over the next eight years. For instance, in 2015-2016 fiscal year, Tokyo government invested approximately USD X million for installation of a smart water meter system across all its districts.
North America accounted for more than 20% revenue share in 2016 owing to early adoption of advanced technologies across major cities including Los Angeles and New York Metros area Water Conservation Corp (WCC).
Growth Factors:
- Increasing demand for water conservation and efficient water management
- Rising awareness about the benefits of smart water meter systems
- Favorable government policies and regulations for smart water meter systems
- Technological advancements in smart water meter systems
- Growing demand from commercial and industrial sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Water Meter System Market Research Report
By Type
Pre-payment Electricity Meter, Remote Transmitting Water Meter, Electronics Meter
By Application
Residential, Industrial, Commercial
By Companies
Arad Group, Kamstrup, Xylem (Sensus), Badger Meter, Takahata Precison, Diehl Metering, Itron, Neptune Technology Group, Honeywell (Elster), B METERS, Sanchuan, Suntront, iESLab, Chongqing Intelligence, Ningbo Water Meter, Wasion Group, Shenzhen Huaxu, Hunan Changde
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Smart Water Meter System Market Report Segments:
The global Smart Water Meter System market is segmented on the basis of:
Types
Pre-payment Electricity Meter, Remote Transmitting Water Meter, Electronics 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, Industrial, Commercial
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:
- Arad Group
- Kamstrup
- Xylem (Sensus)
- Badger Meter
- Takahata Precison
- Diehl Metering
- Itron
- Neptune Technology Group
- Honeywell (Elster)
- B METERS
- Sanchuan
- Suntront
- iESLab
- Chongqing Intelligence
- Ningbo Water Meter
- Wasion Group
- Shenzhen Huaxu
- Hunan Changde
Highlights of The Smart Water Meter System 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:
- Pre-payment Electricity Meter
- Remote Transmitting Water Meter
- Electronics Meter
- By Application:
- Residential
- Industrial
- Commercial
- 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 Meter System 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.
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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?
A smart water meter system is a technology that uses sensors to track water usage and send alerts to users when they reach predetermined levels. This can help people save water, and also help them identify areas where they may need to make adjustments in their consumption habits.
Some of the major players in the smart water meter system market are Arad Group, Kamstrup, Xylem (Sensus), Badger Meter, Takahata Precison, Diehl Metering, Itron, Neptune Technology Group, Honeywell (Elster), B METERS, Sanchuan, Suntront, iESLab, Chongqing Intelligence, Ningbo Water Meter, Wasion Group, Shenzhen Huaxu, Hunan Changde.
The smart water meter system market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Water Meter System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Water Meter System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Water Meter System Market - Supply Chain
4.5. Global Smart Water Meter System Market Forecast
4.5.1. Smart Water Meter System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Water Meter System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Water Meter System Market Absolute $ Opportunity
5. Global Smart Water Meter System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Water Meter System Market Size and Volume Forecast by Type
5.3.1. Pre-payment Electricity Meter
5.3.2. Remote Transmitting Water Meter
5.3.3. Electronics Meter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Water Meter System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Water Meter System Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Industrial
6.3.3. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Water Meter System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Water Meter System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Water Meter System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Water Meter System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Water Meter System Demand Share Forecast, 2019-2026
9. North America Smart Water Meter System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Water Meter System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Water Meter System Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Industrial
9.4.3. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Water Meter System Market Size and Volume Forecast by Type
9.7.1. Pre-payment Electricity Meter
9.7.2. Remote Transmitting Water Meter
9.7.3. Electronics Meter
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Water Meter System Demand Share Forecast, 2019-2026
10. Latin America Smart Water Meter System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Water Meter System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Water Meter System Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Industrial
10.4.3. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Water Meter System Market Size and Volume Forecast by Type
10.7.1. Pre-payment Electricity Meter
10.7.2. Remote Transmitting Water Meter
10.7.3. Electronics Meter
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Water Meter System Demand Share Forecast, 2019-2026
11. Europe Smart Water Meter System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Water Meter System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Water Meter System Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Industrial
11.4.3. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Water Meter System Market Size and Volume Forecast by Type
11.7.1. Pre-payment Electricity Meter
11.7.2. Remote Transmitting Water Meter
11.7.3. Electronics Meter
11.8. Basis Point Share BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Water Meter System Demand Share, 2019-2026
12. Asia Pacific Smart Water Meter System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Water Meter System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Water Meter System Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Industrial
12.4.3. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Water Meter System Market Size and Volume Forecast by Type
12.7.1. Pre-payment Electricity Meter
12.7.2. Remote Transmitting Water Meter
12.7.3. Electronics Meter
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Water Meter System Demand Share, 2019-2026
13. Middle East & Africa Smart Water Meter System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Water Meter System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Water Meter System Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Industrial
13.4.3. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Water Meter System Market Size and Volume Forecast by Type
13.7.1. Pre-payment Electricity Meter
13.7.2. Remote Transmitting Water Meter
13.7.3. Electronics Meter
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Water Meter System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Water Meter System Market: Market Share Analysis
14.2. Smart Water Meter System Distributors and Customers
14.3. Smart Water Meter System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Arad Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kamstrup
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Xylem (Sensus)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Badger Meter
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Takahata Precison
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Diehl Metering
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Itron
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Neptune Technology Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Honeywell (Elster)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. B METERS
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sanchuan
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Suntront
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. iESLab
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Chongqing Intelligence
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ningbo Water Meter
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wasion Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Shenzhen Huaxu
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hunan Changde
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
