Smart Water Metering Market to Grow at a Stable Rate During the Forecast Period

The global smart water metering market is registering a positive growth year-over-year; buoyed by factors such as growing awareness toward water theft prevention, countering inaccuracy in water billing, and managing issues related to water scarcity.

Based on application, the smart water metering market is categorized into water utilities, agriculture, industrial, and residential. Among these, water utilities are the largest application area of smart water metering; owing to increasing demand for reducing water loss.

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Based on technology, the smart water metering market is categorized into advanced metering infrastructure (AMI), and automatic meter reading system (AMR). Among these, AMI is expected to register faster growth in the forecast period.

The major advantage of smart water meter is that it reduces error in reading meter values, as it is digital in nature. This leads to greater accuracy, as compared to conventional basic meters.

Some of the key players operating in the smart water metering market are Kamstrup A/S, Itron Inc, Datamatic Inc, Landis+Gyr, Honeywell International Inc., Siemens AG, Schneider Electric, Master Meter Inc, Aclara Technologies llc, Badger Meter Inc, Neptune Technology Group Inc., and Diehl Stiftung & Co. KG.

Geographically, North America led the global smart water metering market, due to early adoption of two-way water meters used in AMI. Within North America, the U.S. accounted for dominant share, primarily due to stringent regulatory norms and increasing government initiatives toward installation of smart meters in the country.

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The report will provide country-wise smart water metering market analysis. Some of the major countries that is covered in the report include the U.S., Canada, China, Japan, India, Australia, South Korea, Indonesia, Saudi Arabia, U.A.E., Turkey, the U.K., Italy, Germany, France, Russia, Netherlands, Brazil, Mexico.

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