Smart Water Meter Market trends research and projections for 2017-2024

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Global Smart Water Meter Market to hit 14bn by
2024 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Smart Water Meter Market

• The Smart Water Meter Market trends are analyzed
  from recent past with an eye on coming years in
  this report that also offers projections for
  Smart Water Meter industry targeted at helping in
  business decisions.
• Global Smart metering system market has been
  growing rapidly in recent years, driven by the
  rising demand to seek more reliable, secure, and
  efficient ways to manage energy generation and
  its distribution. The intervention of the
  governments to adapt reliable power systems is
  the principal driver augmenting Smart metering
  system industry share. Endorsing the adoption of
  smart meters is effectively bringing value in
  billing and consumption.
• The rising demand for accountability and
  transparency in resource allocation has led to
  wide applications of smart meters in residential,
  commercial, and utility sectors. The demand for
  accurate energy usage from the service providers
  has driven the residential applications, which
  was worth USD 5 billion in 2015. Smart metering
  system industry share in commercial applications
  is foreseen to surpass USD 14 billion by 2024.

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Continued

• There are two main types of smart meters
  Automatic Meter Reading (AMR) and Automatic Meter
  Infrastructure (AMI). Smart metering system
  industry from AMR technology is set to record a
  CAGR of over 6 over the period of 2016-2024,
  primarily driven by its high adoption rate in
  North America. AMI market is set to surpass 130
  million units by 2024, and is forecast to
  experience an average growth due to its high
  purchase and installation cost.
• On the product front, Smart metering system
  industry is bifurcated as water, electricity, and
  gas.
• Smart electric meters are witnessing heavy
  demand, owing to its low price and energy
  efficiency.
• Smart metering system market share, from smart
  gas meters is anticipated to register a CAGR of
  10 over the period of 2016-2024.
• Smart water meters are expected to surpass 250
  million units by 2024, subject to stringent
  regulations introduced in controlling non-revenue
  water. (Water that has been produced and is
  lost before it reaches the customer

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Germany Smart Water Metering Market Size, By
Application, 2016 (Million Units)

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Continued.

• In terms of regional spilt, UK smart metering
  system market is projected to grow at a CAGR of
  16 over the period 2016-2024. The increasing
  impact of government policies, which particularly
  mandates energy consumption and fiscal incentives
  to roll out installation of smart meter will
  drive the regional Smart metering system market
  growth. U.S. smart metering system industry share
  worth USD 5 billion in 2015, is anticipated to
  spectate a rapid surge over the forecast
  timeframe. In addition to this, China government
  has aimed to install over 380 million smart
  systems by 2020, whilst Mexico Comision Federal
  de Electricidad (CFE) has arranged a contract to
  roll out 96,000 advanced meters in the region.
• The major Smart metering system industry
  participants include LandisGYR, Circutor, Icsa,
  Siemens AG, Osaki Electric, Itron, Schneider
  Electric, and Iskraemeco.

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