Global Smart Water Meters Market to Reach $4.6 Billion by 2026


SAN FRANCISCO, Aug. 6, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Smart Water Meters – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Smart Water Meters Market

Global Smart Water Meters Market

FACTS AT A GLANCE
E
dition: 19; Released: May 2021
Executive Pool: 5944
Companies: 82 – Players covered include Aclara Technologies LLC; Arad Group; Master Meter, Inc.; Contadores de Agua de Zaragoza, S.A. (Contazara); Arad Measuring Technologies Wuhan Co. Ltd.; Arqiva Limited; Aquiba Pty Ltd.; B METERS s.r.l.; Badger Meter, Inc.; Bermad Water Technologies; Diehl Metering GmbH; Honeywell International; Iskraemeco, d.d.; Itron, Inc.; Kamstrup A/S; Mueller Water Products, Inc.; Neptune Technology Group Inc.; Sanchuan Wisdom Technology Co., Ltd.; Suntront Technology Co., Ltd.; Tantalus Systems Corp.; Wasion Group Co., Ltd.; Xylem Inc. and Others.
Coverage: All major geographies and key segments
Segments: Technology (Auto Meter Reading (AMR), Advanced Metering Infrastructure (AMI)); Application (Residential, Industrial, Commercial)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Smart Water Meters Market to Reach $4.6 Billion by 2026
Smart water meters are electronic devices used mostly by public water utilities for the purpose of reading and measuring water consumption from remote locations. The primary drivers that are creating the pressing need for efficient solutions such as smart water meters include water scarcity, aging infrastructure, rapid urbanization, leakage, non-revenue water, legislations, water conservation, and measures to improve operational savings. Myriad benefits of smart water technologies that is driving its global adoption include efficient water leakage and pressure management; reliable network operations and management; strategic channelization of capital expenditures; and better water quality monitoring. Smart water meters are also witnessing increased demand influenced by the roll out of stringent government regulations. The market is anticipated to be propelled by modernization of aging infrastructure, focus on water conservation and government policies to promote sustainable development.

Amid the COVID-19 crisis, the global market for Smart Water Meters estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2026, growing at a CAGR of 7.7% over the analysis period. Auto Meter Reading (AMR), one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$2.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Advanced Metering Infrastructure (AMI) segment is readjusted to a revised 10.6% CAGR for the next 7-year period. The AMR system facilitates automatic collection of meter readings without performing any physical inspection. AMI allows two-way communication between metering devices and users or utilities, and cover several functions like meter readings, fault or leakage identification, service connection/disconnection, and theft or tamper detection. The segment is gaining from technological advances, cost-related benefits and evolving requirements of utilities.

The U.S. Market is Estimated at $467.8 Million in 2021, While China is Forecast to Reach $1.8 Billion by 2021
The Smart Water Meters market in the U.S. is estimated at US$467.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2026 trailing a CAGR of 8.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR. In North America, government efforts to reduce non-revenue water, ensure accurate water bills, and develop smart cities are fueling market growth. Rapid industrializations and urbanization along with the presence of leading companies make North America a strong market for smart water meters. The smart water meters market in Europe is driven by high focus on sustainability and massive rollout of these devices through the region. Increasing awareness about sustainable and efficient use of energy and water is encouraging people to adopt smart meters. Regulations to reduce water wastage and environmental protection efforts are fueling adoption in countries including Japan and China. Asia-Pacific is anticipated to also gain from increasing investment in water utility infrastructure for supporting a massive customer base and rising implementation of IoT. More

MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include – enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™Global Industry Analysts, Inc., (www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp

Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./

Follow Us on Twitter
https://twitter.com/marketbytes

Journalists & Media
info411@strategyr.com

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/global-smart-water-meters-market-to-reach-4-6-billion-by-2026–301349020.html

SOURCE Global Industry Analysts, Inc.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *