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The Smart Water Meter Market is segmented by Application ( Commercial, Industrial and Residential) and Geography.
2018 - 2026
Fastest Growing Market:
Middle East and Africa
The unit shipments of the Global Smart Water Meters were at 16.578 million units in 2020, with the market expected to register a CAGR of 9.7% during the forecast period 2021-2026. With increasing pressure on water utilities due to growing demand, 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. The integration of the said components enables end users to account for every drop and turn water into revenue through enhanced leak detection and unparalleled data acquisition.
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The smart water meter market is highly competitive and consists of several major players. In terms of market share, a few of the major players currently dominate the market. However, companies are increasing their market presence by securing new contracts and by tapping new markets. For instance, in 2018, Diehl announced that the Diehl metering software solution is now available on Microsoft Azure. The company’s IZAR software provides the central platform for all of the energy data, making all processes simpler and more cost-efficient, from meters and remote reading, through to data management and comprehensive data analysis.
Furthermore, in 2017, ZENNER took over Alfa Centauri SpA, further expanding its position in the international smart meter market. The new company is likely to be registered in the future as ZENNER Gas S.r.l., and may move its headquarters from Fara Filiorum Petri (Italy), to Pescara. With this, the company is setting another milestone in its global digitalization. ZENNER has already been providing smart water meters, heat meters, and heat cost allocators for several years.
1.1 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Value Chain / Supply Chain Analysis
4.4 Introduction to Market Dynamics
4.5 Market Drivers
4.5.1 Demand for Sustainable Water Supply for all End-users
4.5.2 Billing Accuracy and Customer Convenience
4.5.3 Gaining a Better Control Over Non-revenue Water to Curb Theft and Leakage Challenges
4.6 Market Challenges
4.6.1 Lack of Capital Investments for Infrastructure Installation and Lack of ROI
5. MARKET SEGMENTATION
5.2.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 Rest of Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share Analysis
6.2 Company Profiles
6.2.1 Sensus USA Inc.
6.2.2 Aichi Tokei Denki Co. Ltd
6.2.3 Zenner International Gmbh & Co. KG
6.2.4 Mueller Systems LLC
6.2.5 Diehl Stiftung & Co. KG
6.2.6 Apator SA
6.2.7 Neptune Technology Group Inc
6.2.8 Badger Meter Inc.
6.2.9 Azbil Kimmon Co. Ltd
6.2.10 Kamstrup AS
6.2.11 Arad Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS