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

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More Information @ Smart water meter industry with respect to its applications encompasses three sectors- commercial, residential, and utility. The stringent government regulations toward sustainable use of water are fueling the utility applications. In addition to this, with smart water meters’ incorporation in utility segment, customers are ensured with better monitoring of daily consumption of water and the quantity of water being sent over the link. – PowerPoint PPT presentation

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


1
Global Smart Water Meter Market to hit 14bn by
2024 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2
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.

3
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

4
Germany Smart Water Metering Market Size, By
Application, 2016 (Million Units)

5

Browse Full Market Research Report Of Smart
Water Meter Market _at_ http//bit.ly/2sahoZz
Request for a Sample of this Research report
_at_ https//www.fractovia.org/request-sample/406
6
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.

7
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