Smart Water Metering Market Opportunities and Challenges (2023)

Table of Contents
On the basis of technology, the Advanced Metering Infrastructure (AMI) segment is expected to make the largest contribution to the smart water metering market during the forecast period On the basis of application, the water utilities segment is expected to grow at the fastest rate during the forecast period North America is expected to be the largest market during the forecast period Key Market Players Get online access to the report on the World's First Market Intelligence Cloud Easy to Download Historical Data & Forecast Numbers Company Analysis Dashboard for high growth potential opportunities Research Analyst Access for customization & queries Competitor Analysis with Interactive dashboard Latest News, Updates & Trend analysisRequest Sample Click on image to enlarge Scope of the Report Get online access to the report on the World's First Market Intelligence Cloud Scope of the Report On the basis of Technology, the market has been segmented as follows: On the basis of Component, the market has been segmented as follows: On the basis of Meter Type, the market has been segmented as follows: On the basis of Application, the market has been segmented as follows: On the basis of Region, the market has been segmented as follows: Recent Developments Key Questions Addressed by the Report Frequently Asked Questions (FAQ): Secondary Research Primary Research Market Size Estimation Data Triangulation Report Objectives Available Customizations: Regional Analysis Company Information Videos

[154 Pages Report] The global smart water metering market is projected to reach USD 9.6 billion by 2024 from an estimated USD 5.9 billion in 2019, at a CAGR of 10.3% during the forecast period. Increasing efforts by water utilities to reduce nonrevenue water are driving the smart water metering market.

Smart Water Metering Market Opportunities and Challenges (1)

On the basis of technology, the Advanced Metering Infrastructure (AMI) segment is expected to make the largest contribution to the smart water metering market during the forecast period

AMI is the latest meter reading technology, which is being adopted by the utilities in the water industry. The AMI technology enables 2-way communication between the meter and the user/utility. Hence, it becomes more convenient for users to monitor their water consumption. Further, with the help of this technology, leak detection is easy. Due to this, the utilities have been able to reduce their nonrevenue water significantly. Other benefits of AMI include better asset management, water conservation, and improved customer service.

On the basis of application, the water utilities segment is expected to grow at the fastest rate during the forecast period

The water utilities segment is expected to grow at the fastest rate during the forecast period. This segment is further subsegmented into residential and commercial. The residential subsegment is expected to grow faster than the commercial subsegment. This is mainly due to the increasing population, urbanization, and development of smart city infrastructure. Further, the increasing need for accuracy in the billing of the residential users will boost the growth of this segment.

Smart Water Metering Market Opportunities and Challenges (2)

North America is expected to be the largest market during the forecast period

North America, Europe, South & Central America, Asia Pacific, and the Middle East & Africa are the major regions considered for the study of the smart water metering market. North America is estimated to be the largest market from 2019 to 2024, driven by the government initiatives for reduction in nonrevenue water, accurate meter reading, and development of smart city infrastructure in the US and Canada. Additionally, increasing urbanization and industrial development are expected to drive the market growth.

Key Market Players

The major players in the global smart water metering market are Kamsturp (Denmark), Badger Meter (US), Diehl (Germany), Landis+Gyr (Germany), Itron (US), Neptune Technology Group (US), Aclara Technologies (US), Sensus (US), BMETER (Italy), Datamatic (US), Honeywell (US), and ZENNER (Germany).

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Smart Water Metering Market Opportunities and Challenges (3) Click on image to enlarge

(Video) Smart Metering Challenges and Opportunities Webinar

Scope of the Report

Report Metric

Details

Market Size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Technology, component, meter type, application, and region

Geographies covered

North America, South America, Asia Pacific, Europe, and Middle East & Africa

Companies covered

Kamsturp (Denmark), Badger Meter (US), Diehl (Germany), Landis+Gyr (Germany), Itron (US), Neptune Technology Group (US), Aclara Technologies (US), Sensus (US), B METER (Italy), Datamatic (US), Honeywell (US), and ZENNER (Germany)

This research report categorizes the smart water metering market on the basis of type, component, meter type, end-user, and region.

On the basis of Technology, the market has been segmented as follows:

  • AMI
  • AMR

On the basis of Component, the market has been segmented as follows:

  • IT Solutions
  • Communications
  • Meters & Accessories

On the basis of Meter Type, the market has been segmented as follows:

  • Ultrasonic Meter
  • Electromagnetic Meter
  • Mechanical Meter

On the basis of Application, the market has been segmented as follows:

  • Water Utilities
  • Industries

On the basis of Region, the market has been segmented as follows:

  • North America
  • South America
  • Asia Pacific
  • Europe
  • Middle East & Africa

Recent Developments

  • In June 2019, Itron received a contract from Liberty Utilities Company for OpenWay Riva, an Internet of Things (IoT) solution that includes an open, standard-based network for gas, electricity, and water. The solution helped Liberty Utilities improve operations and enhance the customer experience.
  • In May 2019, Diehl and its local partner Faso General Technology (FGT) received a contract from the National Water and Sanitation Office (ONEA) in Burkina Faso to improve water management with advanced manual data consumption reading.
  • In April 2019, Badger Meter acquired Innovative Metering Solutions. This acquisition is expected to increase the footprint of Badger Meter and its utility customers in the southeastern US.

Key Questions Addressed by the Report

  • The report identifies and addresses the key segments of the market, which will help manufacturers and service providers review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights regarding the drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and make more pivotal strategic decisions.
  • The report addresses the market share analysis of key players in the smart water metering market, and with the help of this, companies can enhance their revenues in the respective markets.
  • The report provides insights into emerging geographies for smart water metering, hence, the entire market ecosystem can gain a competitive advantage.

Frequently Asked Questions (FAQ):

What are the growth projections for next five years in the smart water metering market?

Which technology is the fastest growing market in the smart meter watering by 2024?

Which region held the highest market share in smart water metering?

(Video) Smart Water Meter Market Insights by TMR

Which type of the smart water metering will lead the market by 2024?

What organic strategies are used by the leading player in smart water metering to gain increased market share?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitation
1.7 Stakeholders

2 Research Methodology (Page No. - 20)
2.1 Scope
2.2 Key Influencing Factors/Drivers
2.3 Market Size Estimation
2.3.1 Ideal Demand-Side Analysis
2.3.1.1 Assumptions
2.3.1.2 Calculation
2.3.2 Supply-Side Analysis
2.3.2.1 Assumptions
2.3.2.2 Calculation
2.3.3 Forecast
2.4 Primary Insights

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
4.1 Attractive Opportunities in the Smart Water Metering Market During the Forecast Period
4.2 Smart Water Metering Market, By Region
4.3 North American Market, By Technology & Country
4.4 Market, By Meter Type
4.5 Market, By Component
4.6 Market, By Technology
4.7 Market, By Application

5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Utilities’ Focus Toward Reducing Nonrevenue Water
5.2.1.2 Need for Smart Water Metering to Optimize Water Consumption
5.2.1.3 Need for Accuracy in Billing
5.2.2 Restraints
5.2.2.1 Lack of Government Initiatives
5.2.2.2 Lack of Awareness and Acceptance By End-Users
5.2.3 Opportunities
5.2.3.1 Replacement of Aging Infrastructure
5.2.3.2 Digitalization of the Water Industry Operations
5.2.4 Challenges
5.2.4.1 High Initial Investments and Long Payback Period

6 Market, By Meter Type (Page No. - 40)
6.1 Introduction
6.2 Electromagnetic Meter
6.2.1 Capabilities of Measuring Wastewater and Better Operational Efficiency Help in Growth of Electromagnetic Meters
6.3 Ultrasonic Meter
6.3.1 Efficient Detection of Leaks, Bursts, and Reverse Flows Help in Reducing Nonrevenue Water, Which is Likely to Boost the Ultrasonic Meter Market
6.4 Mechanical Meter
6.4.1 Low Costs of Mechanical Meters Create Their Sales Opportunities in Developing Countries

7 Market, By Technology (Page No. - 46)
7.1 Introduction
7.2 AMR
7.2.1 AMR Technology Helps in Reducing Manual Intervention for Data Collection, Which is Driving the Market
7.3 AMI
7.3.1 Digitalization and Demand for Data Management are Driving the Higher Growth Rate of the AMI Segment

8 Market, By Component (Page No. - 51)
8.1 Introduction
8.2 Meters & Accessories
8.2.1 Innovations in Technology and New Sensor Built Hardware Components are Driving the Meters & Accessories Market
8.3 IT Solutions
8.3.1 Rising Demand for Data Management Software is Likely to Drive Market
8.4 Communications
8.4.1 Upgrading of Communication Network to Gap the Bridge Between Hardware Component and Software Platforms is Driving the Communications Segment

9 Market, By Application (Page No. - 58)
9.1 Introduction
9.2 Water Utilities
9.2.1 Huge Investments in Smart Metering Infrastructure are Likely to Drive the Water Utilities-Based Market
9.3 Industries
9.3.1 Rising Concerns on Managing Water Consumption to Reduce Operational Costs are Driving the Market

10 Market, By Region (Page No. - 64)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Focus on Reducing Water Losses By Optimizing Infrastructure is Likely to Drive the US Market
10.2.2 Canada
10.2.2.1 Increased Deployment of Smart Water Infrastructure is Driving the Canadian Market
10.2.3 Mexico
10.2.3.1 New Infrastructural Development and Installation of Smart Water Meters are Boosting the Growth of Smart Water Meters in Mexico
10.3 Europe
10.3.1 Germany
10.3.1.1 Water Utilities are Focused on Reducing NRW By Deploying Smart Water Metering Infrastructure
10.3.2 France
10.3.2.1 Government’s Aim to Replace Old Water Meters With Smart Water Meters is Creating Opportunities for the Market During the Forecast Period
10.3.3 UK
10.3.3.1 The UK’s Water Utilities Plan to Install 100% Smart Water Meters By 2030, Which is Expected to Drive the Market
10.3.4 Netherlands
10.3.4.1 Installation of New Water Meters By Water Utilities is Driving the Market
10.3.5 Denmark
10.3.5.1 Water Utilities are Focusing on Early Leak Detection, Which is Driving the Danish Market
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Demand for Robust Water Management Systems for Coping With Rapid Urbanization in China is Driving the Market
10.4.2 Australia
10.4.2.1 Water Scarcity in the Country is Leading to Rapid Installation of Smart Water Meters to Manage Water Consumption
10.4.3 Japan
10.4.3.1 Large Investments for Expanding the Communications Networks are Driving the Japanese Market
10.4.4 Malaysia
10.4.4.1 High Levels of NRW in Malaysia is Creating Opportunities for Smart Water Meters During the Forecast Period
10.4.5 India
10.4.5.1 Municipalities Focused on Managing Water and Wastewater By Installing Smart Water Meters for Handling Water Consumption
10.4.6 Rest of Asia Pacific
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.1.1 Huge Investments in Installing Smart Water Meters are Driving the Saudi Arabian Market
10.5.2 UAE
10.5.2.1 High Replacement Rate of Old Water Infrastructure With Intelligent Systems is Boosting the Growth of Smart Water Meters in the UAE
10.5.3 Israel
10.5.3.1 Increasing Adoption Rate of Automation Technologies and IoT By Water Utilities is Driving the Israeli Market
10.5.4 South Africa
10.5.4.1 Deployment of AMI Technology in Water Metering Infrastructure is Driving the South African Market
10.5.5 Egypt
10.5.5.1 Upcoming Water Metering Infrastructural Projects Along With Supportive Government Initiatives are Driving the Egyptian Market
10.5.6 Rest of Middle East & Africa
10.6 South America
10.6.1 Brazil
10.6.1.1 Increasing Demand for Smart Water Meters for Solving Water Scarcity is Likely to Boost the Brazilian Market
10.6.2 Argentina
10.6.2.1 Smart Water Meters to Solve the Increasing Water Theft Challenges in Argentina
10.6.3 Uruguay
10.6.3.1 Infrastructural Development for Water Metering is Driving the Uruguayan Market
10.6.4 Rest of South America

11 Competitive Landscape (Page No. - 96)
11.1 Overview
11.2 Ranking of Players
11.3 Competitive Scenario
11.3.1 New Product Launches
11.3.2 Expansions & Investments
11.3.3 Contracts & Agreements
11.3.4 Mergers & Acquisitions
11.4 Competitive Leadership Mapping, 2018
11.4.1 Visionary Leaders
11.4.2 Innovators
11.4.3 Dynamic
11.4.4 Emerging

12 Company Profile (Page No. - 104)
(Business Overview, Products Offered, Recent Developments, MnM View)*
12.1 Badger Meter
12.2 Kamstrup
12.3 Diehl
12.4 Landis+Gyr
12.5 Aclara Technologies
12.6 Sensus
12.7 Itron
12.8 Datamatic
12.9 B Meters
12.10 Elster Group
12.11 Arad Group
12.12 Zenner
12.13 Neptune Technology Group

(Video) WEBINAR: The Evolution of Smart water Metering in North America

*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 147)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details


List of Tables (72 Tables)

Table 1 Smart Water Metering Market Snapshot
Table 2 Smart Water Metering Market Size, By Meter Type, 2017–2024 (USD Million)
Table 3 Electromagnetic Meter: Market Size, By Region, 2017–2024 (USD Million)
Table 4 Ultrasonic Meter: Market Size, By Region, 2017–2024 (USD Million)
Table 5 Mechanical Meter: Market Size, By Region, 2017–2024 (USD Million)
Table 6 Market Size, By Technology, 2017–2024 (USD Million)
Table 7 AMR: Market Size, By Region, 2017–2024 (USD Million)
Table 8 AMI: Market Size, By Region, 2017–2024 (USD Million)
Table 9 Market Size, By Component, 2017–2024 (USD Million)
Table 10 Meters & Accessories: Market Size, By Region, 2017–2024 (USD Million)
Table 11 Meters & Accessories: Market Size, By Application, 2017–2024 (USD Million)
Table 12 IT Solutions: Market Size, By Region, 2017–2024 (USD Million)
Table 13 IT Solution: Market Size, By Region, 2017–2024 (USD Million)
Table 14 Communications: Market Size, By Region, 2017–2024 (USD Million)
Table 15 Communications: Market Size, By Region, 2017–2024 (USD Million)
Table 16 Smart Water Metering Market Size, By Application, 2017–2024 (USD Million)
Table 17 Water Utilities: Market Size, By Region, 2017–2024 (USD Million)
Table 18 Water Utilities: Market Size, By Component, 2017–2024 (USD Million)
Table 19 Industries: Market Size, By Region, 2017–2024 (USD Million)
Table 20 Industries: Market Size, By Component, 2017–2024 (USD Million)
Table 21 Smart Water Metering Market Size, By Region, 2017–2024 (USD Million)
Table 22 North America: Market Size, By Meter Type, 2017–2024 (USD Million)
Table 23 North America: Market Size, By Technology, 2017–2024 (USD Million)
Table 24 North America: Market Size, By Component, 2017–2024 (USD Million)
Table 25 North America: Market Size, By Application, 2017–2024 (USD Million)
Table 26 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 27 US: Smart Water Metering Market Size, By Application, 2017–2024 (USD Million)
Table 28 Canada: Market Size, By Application, 2017–2024 (USD Million)
Table 29 Mexico: Market Size, By Application, 2017–2024 (USD Million)
Table 30 Europe: Market Size, By Meter Type, 2017–2024 (USD Million)
Table 31 Europe: Market Size, By Technology, 2017–2024 (USD Million)
Table 32 Europe: Market Size, By Component, 2017–2024 (USD Million)
Table 33 Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 34 Europe: Market Size, By Country, 2017–2024 (USD Million)
Table 35 Germany: Market Size, By Application, 2017–2024 (USD Million)
Table 36 France: Market Size, By Application, 2017–2024 (USD Million)
Table 37 UK: Market Size, By Application, 2017–2024 (USD Million)
Table 38 Netherlands: Market Size, By Application, 2017–2024 (USD Million)
Table 39 Denmark: Market Size, By Application, 2017–2024 (USD Million)
Table 40 Rest of Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 41 Asia Pacific: Market Size, By Meter Type, 2017–2024 (USD Million)
Table 42 Asia Pacific: Market Size, By Technology, 2017–2024 (USD Million)
Table 43 Asia Pacific: Market Size, By Component, 2017–2024 (USD Million)
Table 44 Asia Pacific: Market Size, By Application, 2017–2024 (USD Million)
Table 45 Asia Pacific: Market Size, By Country, 2017–2024 (USD Million)
Table 46 China: Market Size, By Application, 2017–2024 (USD Million)
Table 47 Australia: Market Size, By Application, 2017–2024 (USD Million)
Table 48 Japan: Market Size, By Application, 2017–2024 (USD Million)
Table 49 Malaysia: Market Size, By Application, 2017–2024 (USD Million)
Table 50 India: Market Size, By Application, 2017–2024 (USD Million)
Table 51 Rest of Asia Pacific: Market Size, By Application, 2017–2024 (USD Million)
Table 52 Middle East & Africa: Market Size, By Meter Type, 2017–2024 (USD Million)
Table 53 Middle East & Africa: Market Size, By Technology, 2017–2024 (USD Million)
Table 54 Middle East & Africa: Market Size, By Component, 2017–2024 (USD Million)
Table 55 Middle East & Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 56 Middle East & Africa: Market Size, By Country, 2017–2024 (USD Million)
Table 57 Saudi Arabia: Market Size, By Application, 2017–2024 (USD Million)
Table 58 UAE: Market Size, By Application, 2017–2024 (USD Million)
Table 59 Israel: Market Size, By Application, 2017–2024 (USD Million)
Table 60 South Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 61 Egypt: Market Size, By Application, 2017–2024 (USD Thousand)
Table 62 Rest of Middle East & Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 63 South America: Market Size, By Meter Type, 2017–2024 (USD Million)
Table 64 South America: Market Size, By Technology, 2017–2024 (USD Million)
Table 65 South America: Market Size, By Component, 2017–2024 (USD Million)
Table 66 South America: Market Size, By Application, 2017–2024 (USD Million)
Table 67 South America: Market Size, By Country, 2017–2024 (USD Million)
Table 68 Brazil: Market Size, By Application, 2017–2024 (USD Million)
Table 69 Argentina: Market Size, By Application, 2017–2024 (USD Thousand)
Table 70 Uruguay: Market Size, By Application, 2017–2024 (USD Thousand)
Table 71 Rest of South America: Market Size, By Application, 2017–2024 (USD Thousand)
Table 72 Developments of Key Players in the Market, January 2016–July 2019


List of Figures (45 Figures)

Figure 1 Ranking of Key Players & Industry Concentration, 2018
Figure 2 North America Dominated the Market in 2018
Figure 3 Electromagnetic Meter Segment is Expected to Hold the Largest Share of the Market, By Meter Type, During the Forecast Period
Figure 4 AMR Segment is Expected to Lead the Market, By Technology, During the Forecast Period
Figure 5 IT Solutions Segment of the Market, By Component, is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 6 Water Utilities Segment is Expected to Lead the Market, By Application, During the Forecast Period
Figure 7 Contracts & Agreements is the Major Strategy Adopted By Players in the Market
Figure 8 Investments in Water Metering Infrastructure By Water Utilities to Reduce the Nonrevenue Water are Expected to Drive the Market, 2019–2024
Figure 9 North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 AMR Segment and the US Dominated the North American Market in 2018
Figure 11 Electromagnetic Meter Segment Dominated the Market, By Meter Type, in 2018
Figure 12 Meters & Accessories Segment is Expected to Dominate the Market, By Component, During the Forecast Period
Figure 13 AMR Segment Dominated the Market, By Technology, in 2018
Figure 14 Water Utilities Segment Dominated the Market, By Application, in 2018
Figure 15 Smart Water Metering Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Percentage of Nonrevenue Water Observed By Water Utilities Across Countries, In2018
Figure 17 Urban and Rural Population Trend (2012–2017)
Figure 18 Investment Trends for Integrated Water Services (2012–2019)
Figure 19 The Ultrasonic Meter Segment to Grow at the Fastest Rate During the Forecast Period
Figure 20 North America Dominated the Electromagnetic Market, By Meter Type, in 2018
Figure 21 North America Dominated the Ultrasonic Market, By Meter Type, in 2018
Figure 22 North America Dominated the Mechanical Meter Market, By Meter Type, in 2018
Figure 23 The AMR Segment is Expected to Dominate the Market, By Technology, During the Forecast Period
Figure 24 The North American Amr Smart Water Metering Market, By Region, Is Expected To Grow At the Fastest Rate During the Forecast Period
Figure 25 The North American Region Dominated the Global Market, By Ami Technology, in 2018
Figure 26 It Solutions Segment To Grow At the Fastest Rate During the Forecast Period
Figure 27 North America Dominated the Meters & Accessories Market in 2018
Figure 28 North America Accounted For A 53.1% Share of the It Solutions Market in 2018
Figure 29 Europe Was the Second Largest Communications Market in 2018
Figure 30 The Water Utilities Segment Is Expected To Dominate the Market, By Application, During the Forecast Period
Figure 31 North America Dominated the Water Utilities Segment of the Market, By Region, in 2018
Figure 32 North America Dominated the Industries Segment of the Market, By Region, in 2018
Figure 33 Regional Snapshot (2018): Growing Markets are Emerging As New Hot Spots
Figure 34 North America: the Fastest Growing Market, 2019 & 2024
Figure 35 North America: Market Overview, 2018
Figure 36 Europe: Water Consumption Overview, 2018
Figure 37 Europe: Smart Water Metering Market Overview, 2018
Figure 38 Key Developments in the Market, January 2016–July 2019
Figure 39 Ranking of Key Players & Industry Concentration, 2018
Figure 40 Smart Water Metering Market: (Global) Competitive Leadership Mapping, 2018
Figure 43 Diehl: Company Snapshot
Figure 45 Itron: Company Snapshot

(Video) Smart water metering: unlocking the benefits

This study involved 4 major activities in estimating the current size of the smart water metering market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The smart water metering market comprises several stakeholders such as end-product manufacturers and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as water utilities, water-intensive industries, commercial spaces, and others. The supply-side is characterized by smart water meter manufacturers, metering software providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents are given below:

Smart Water Metering Market Opportunities and Challenges (4)

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global smart water metering market and its dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

(Video) Case Study: Upgrade and digitalization of water networks in Kranj, Slovenia

  • The key players in the industry and market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the industrial sector.

Report Objectives

  • To define, describe, segment, and forecast the smart water metering market by type, meter type, component, end-user, and region
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the market with respect to individual growth trends, future expansions, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To forecast the growth of the market with respect to the main regions (Asia Pacific, Europe, North America, South America, and the Middle East & Africa)
  • To profile and rank key players and comprehensively analyze their market shares
  • To analyze competitive developments such as contracts & agreements, expansions & investments, new product launches, mergers & acquisitions, joint ventures, and partnerships & collaborations in the smart water metering market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)

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