Global Smart Water Meter Market Overview & Outlook 2018-2023 – Increase in Billing Revenue and Accuracy to Drive Demand – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Global
Smart Water Meter Market – Segmented by End User (Commercial,
Industrial, and Residential), and Region – Growth, Trends and Forecasts
(2018 – 2023)" report has been added to ResearchAndMarkets.com's
offering.

The smart water meter market witnessed 11.8 million unit shipments in
2017 and is expected to reach 22.1 million unit shipments by 2023, at a
CAGR of 11.2% over the forecast period (2018-2023).

With increasing pressure on water utilities, owing to the growing
demand, increasing water stress, rising energy prices, and aging water
systems, the smart water network solutions have emerged with significant
benefits, by combining advanced metering technology, software, and
effective communications systems. The integration of the said
components, enables end users to account for every drop and turn water
into revenue through enhanced leak detection and unparalleled data
acquisition.

Moreover, the critical need for optimized consumption of water in
water-scarce areas is expected to drive the smart water meter market.
For instance, according to the World Water Development Report, 480
million people in Asia alone will face water scarcity in the future.

Key Highlights

• Increase in Billing Revenue and Accuracy to Drive the Demand
• Growing Demand from the Industrial Segment to Augment Growth
• North America is the Largest Market

Key Developments in the Market

• October 2017: Kamstrup's MULTICAL 21 water meter was made available
  with integrated Sigfox communication that allows utilities to utilize
  an already-installed communication infrastructure, rather than
  investing in a new one.
• June 2017: Mueller Systems collaborated with Senet to deliver metering
  infrastructure to water utilities across North America. Senet is the
  first and a growing North American provider of public, low-power,
  wide-area networks (LPWANS) for long-range Internet of Things (IoT).
• January 2017: Badger Meter announced the introduction of two new
  vortex-flow meters: VN2000 Hot Tap and VN2000 Compact insertion vortex
  flow meters.

Companies Mentioned

• Sensus USA Inc
• Aichi Tokei Denki
• Zenner International Gmbh & Co KG
• Mueller Systems LLC
• Diehl Stiftung & Co. KG
• Apator SA
• Neptune Technology Group Inc
• Badger Meter Inc
• Azbil Kimmon Co. Ltd
• Kamstrup A/S
• Chongqing Smart Water Meter Group
• Arad Group

Key Topics Covered

1. Introduction

2. Research Methodology

3. Market Analysis

4. Market Dynamics

5. Segmentation, by Region

6. Segmentation, by End User

7. Competitive Intelligence – Key Vendor Profiles

8. Vendor Market Share Analysis

9. Future of the Market

For more information about this report visit https://www.researchandmarkets.com/research/wz7fhn/global_smart?w=4

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Related
Topics: Utilities