Smart Water Meter Market to Reach $2,400.6 Million by 2025 - PowerPoint PPT Presentation

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Smart Water Meter Market to Reach $2,400.6 Million by 2025

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Smart water meter market size is forecasted to reach $2,400.6 million by 2025, according to P&S Market Research. The surging water crisis furthermore lifts the interest for a sensible plan towards water administration. Water utilities are the genuine consumers of these water meters and it is predicted to lead the market in the midst of the gauge time frame. This is a result of their necessity of channelizing the conveyance methods of considerable measure of water. – PowerPoint PPT presentation

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Title: Smart Water Meter Market to Reach $2,400.6 Million by 2025


1
Smart Water Meter Market to Reach 2,400.6
Million by 2025
2
Smart Water Meter Market
Smart water meter market size is forecasted to
reach 2,400.6 million by 2025, according to PS
Market Research. The surging water crisis
furthermore lifts the interest for a sensible
plan towards water administration. Water
utilities are the genuine consumers of these
water meters and it is predicted to lead the
market in the midst of the gauge time frame. This
is a result of their necessity of channelizing
the conveyance methods of considerable measure of
water.
3
Smart Water Meter Market
Growing demand for AMI meters driving smart water
meters demand
The interest for advanced metering infrastructure
(AMI) has been developing at a steady pace and is
expected to encourage further growth
opportunities to the smart water meter industry.
Most of this demand is expected to originate from
water utilities as they have larger budgets as
compared to the industrial and residential
consumers. The application of these meters
incorporates water utilities, industrial and
residential buyers. The improved data quality,
two-way communication benefits and high frequency
of information related to leak detection as
compared to AMR metering is further bolstering
the demand for AMI meters.
4
Smart Water Meter Market
Access Report Description with Detailed TOC on
Global Smart Water Meter Market Size, Share,
Development, Growth and Demand Forecast to 2025 -
Industry Insights by Type (Positive Displacement,
Electromagnetic, Single-Jet, Multi-Jet, Velocity
Flow, Fluidic Oscillator), by Application (Water
Utilities, Industrial, Residential), by Geography
(U.S., Canada, Germany, France, Italy, U.K.,
Spain, China, Japan, Saudi Arabia, U.A.E.,
Brazil) at https//www.psmarketresearch.com/mark
et-analysis/smart-water-meter-market
5
Smart Water Meter Market
IoT and MEA providing growth opportunity
The smart water meter industry is, all things
considered, subject to communication technology.
The new time of internet of things (IoT) has been
displaying growth opportunity for this industry.
The IoT can be generally valuable in the locales
having vulnerability about rain as it helps the
advantageous utilization of rain water. The water
establishment IoT helps water utilities by
upgrading water quality, supply, treatment,
transportation and storerooms. IoT can be to a
great extent helpful in drought influenced
places, for example, California in the U.S. The
smart water meter market in Middle-East and
Africa (MEA) is projected to develop altogether
amid the forecast time. MEA represents the
smallest market among all the other regions
included in the study. The growing concern for
water conservation, particularly in Middle-East,
is bolstering the market growth amid the forecast
period. The smart water meter organizations, for
example Kamstrup and Cyan, are entering the MEA
market owing to the realized growth potential in
the region. Iran is among the precursors in the
adoption of smart meters, though Saudi Arabia is
the largest smart water meter market in the
region.
6
Smart Water Meter Market
Water utilities in the U.K. and the U.S.
installing more smart water meters
The water companies in the U.K. have been
experiencing losses of around 27 of the treated
water due to inaccurate water network. This is
driving them to replace their traditional water
meters with the smart water meters. Thames Water
Utilities in the U.K. has been aggressively
investing in these meters. Rogers Water Utilities
(RWU) in the U.S. is planning to completely
replace its existing water meters with smart
water meters by 2021. The Keystone Utility
Systems, through a contract with Sammamish
Plateau Water in the U.S., was supposed to
install around 18,000 smart water meters in the
country by late 2016. Based on information from
Smart Water Summit, around 80 of water utilities
in the U.S. have included the up-gradation and
repairs of their water infrastructure in their
capital plans.
7
Smart Water Meter Market
Intensity of rivalry is moderate
Owing to an average number of smart water meter
manufacturers, the intensity of rivalry is
medium. Since, the worldwide smart water meter
market opens growth opportunities in future, it
is expected that manufacturers will make new
investments and launch advanced smart water
meters, thus creating high intensity of rivalry.
Most of these meter companies operate globally,
which further increases the level of rivalry in
the market.
8
Smart Water Meter Market
Download report sample at
https//www.psmarketresearch.com/market-analysis/s
mart-water-meter-market/report-sample
9
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