The use of smart water meters will eliminate the necessity for on-site meter reading and enable automatic leak detection. Smart water meters also will help customers in tracking their consumption patterns and adjust water consumption accordingly to satisfy pre-specified conservation efforts. Hence, the utilization of smart water meters for non-revenue water management will help in managing water consumption, and thereby, enable the conservation
“The Smart Water Meter market was valued at US$ XX Mn in 2018 and it is expected to reach more than US$ XX Mn by 2027, Likely to Grow with a CAGR of 12.11% during the forecast period”
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The AMI segment will account for the highest smart meter market share. Technological progression over AMR systems, merchandise and price benefits of using AMI systems alongside electricity and gas services and changing needs of water utilities are a couple of factors fueling the expansion of the AMI market segment. This report provides an accurate prediction of the contribution of all the segments to the expansion of the smart meter market size.
Growing R&D efforts to supply efficient remote sensing water metering techniques and increasing public initiatives for water leakage reduction have triggered industry growth within the European region. Smart meter suppliers are specialized in expanding their offerings within the North American region to assist customers to reduce the water bills because the smart water meters detect water leakages and switch off the availability just in case of water losses. Ultrasonic meters are gaining more preference by the water utilities in North America thanks to higher efficiency and more accurate rates.
In 2017, Diehl Stiftung & Co. KG partnered with Abunayyan company, a Saudi Arabia-based provider of water-based solutions, as a part of ‘Saudi Vision 2030,’ Saudi Arabia’s development program. As per this partnership, both companies would be collectively supplying quite 700,000 HYDRUS ultrasonic water meters to Saudi Arabia.
Many companies also are getting into this segment thanks to the rise in demand for the Smart Water Meter, a number of the main companies into Smart Water Meter are Key manufacturers like FECOSAN S.L., Shenzhen Star Instrument Co. Ltd., DH Metering Europe, Powercom Ltd., Ningbo Water Meter Co. Ltd., Electronic Equipment Pvt. Ltd., Baylan Water Meters, Elster AMCO Water LLC, Carlon Meter Co. Inc., MFB di Bonomi Eliseo & C. Snc, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
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