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Smart Water Meters - Global Market Trajectory & Analytics

  • ID: 3619372
  • Report
  • September 2020
  • Region: Global
  • 389 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Arad Group (Israel)
  • B METERS s.r.l. (Italy)
  • Elster Group SE (Germany)
  • Kamstrup A/S (Denmark)
  • Master Meter, Inc. (USA)
  • Sensus USA Inc. (USA)
  • MORE
As the World Addresses Water Crisis as an Urgent Security Issue, Smart Water Meters Will Reach $4.9 Billion

The global market for Smart Water Meters is expected to reach US$4.9 billion by the year 2027, trailing a post COVID-19 CAGR of 7.7% over the analysis period 2020 to 2027. The world is heading towards a water crisis with 25% of the population already facing acute shortages. Smart water management & usage is the only way to avoid the risk of global drought by the year 2040. Water losses from service pipes during distribution accounts for over 32% of the total flow in the system. Water wastages in the absence of consumption based billing are found to be as high 68%. Smart water meters help empower utilities & consumers to improve overall efficiency, reduce wastage, average billing and save cost with minimal human intervention. 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 major functions of smart water meters include electronic and automatic capture, collection as well as communication of meter readings pertaining to water consumption, in the real-time. The information captured by smart meters is in the form of electronic signals which are processed for obtaining the required data using computing technology. The captured signals are logged as well as processed in computers, and detailed analysis is used by water utilities and also uploaded onto a website for the purpose of consumer viewing.

Smart water meters download the data pertaining to water consumption, onto a service which can be accessed at all times by all parties involved. Smart water meters in this way communicate with consumers, facility authorities and utility managers offering each party their required information at all times. Smart water meters help in early detections of leakages and enable utilities to supply customers with the necessary information required for offering correct water rates and reducing water usage. While old analog water meters need the services of trained local utility personnel for getting the reading, smart water meters enable reductions in costs of meter reading and enhance accuracy in billing ultimately resulting in improved profits for utilities. Detection of thefts and outages and initiation of virtual turn off and on of water is also made simple by smart water meters. Owing to these advantages the global installed base of smart water meters integrated making use of advanced metering infrastructure is increasing rapidly worldwide. Water distribution networks, similar to other systems or networks, need personnel, operation and maintenance. The utilities track industrial and residential usage via water meters that could be located outside or inside the building. Legacy meters can be retrofitted with the transceivers or be replaced with the meters using attached transceivers.

As with most sectors, COVID-19 pandemic has also impacted water utilities, putting pressure on the utilities to maintain supply of safe and cleaning drinking water to consumers. With economic disruption and rising unemployment levels being witnessed around the world due to the COVID-19 outbreak, utilities are facing tremendous financial stress resulting in budget reductions and layoffs. Though federal stimulus packages are offering some respite to utilities looking to invest into infrastructure development projects, incomes of utilities are likely to be affected. Since charges to customers comprises a major source of revenue for utilities, the decline in water consumption in commercial and industrial facilities due to fall in economic activity will impact revenue generation for water utilities. However, the revenues from residential customers remains relatively unaffected, as customers locked-in their homes are consuming more water. Decline in revenues will also be due to reduced income taxes, sales taxes, property taxes and capital gains taxes for utilities. Amidst the COVID-19 outbreak, water usage has increased considerably due to the growing importance of hand washing and hygiene measures for preventing spread of the virus. While non-payment of water bills in the past led to disconnection of services, scenario is different during COVID-19 with utilities deciding to not turn-off water connections of customers due to non-payment or delays in payments. Water utilities especially in developed economies are facing the challenges due to the aging infrastructure facilities, which are adding to the utility budgets. Against the backdrop of such financial difficulties confronting the water utilities, the emphasis on precise measurement of water being delivered to customers offers considerable opportunity for utilities to generate added revenues. Water meters are used for measuring the water being delivered to customers. By ensuring proper maintenance of water meters, there is potential for utilities to increase revenues by at least 10%. In particular, the digitalization trend and the move towards smart water meters offers significant advantages to utilities by improving operational efficiency, ensuring employee safety, improving productivity, and increasing revenues. Through accurate measurement of water consumed by users, smart water meters contribute to improvement in revenues for the utility. Digital tools such as smart meters are becoming essential for utilities in water management.

Competitors identified in this market include, among others:
  • Aclara Technologies LLC
  • Aquiba Pty Ltd.
  • Arad Group
  • Arqiva Limited
  • B METERS s. r.l.
  • Badger Meter, Inc.
  • CyanConnode Holdings Plc
  • Diehl Metering GmbH
  • Elster Group SE
  • Iskraemeco, d. d.
  • Itron, Inc.
  • Kamstrup A/S
  • Mueller Water Products, Inc.
  • Neptune Technology Group Inc.
  • Ningbo Water Meter Co., Ltd.
  • Silver Spring Networks, Inc.
  • Tantalus Systems Corp.
  • Xylem Inc.
  • Zhejiang Holley Liyuan Metering Co., Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arad Group (Israel)
  • B METERS s.r.l. (Italy)
  • Elster Group SE (Germany)
  • Kamstrup A/S (Denmark)
  • Master Meter, Inc. (USA)
  • Sensus USA Inc. (USA)
  • MORE
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Smart Water Meters: Offering Tremendous Opportunities for Water Utilities to be Energy-Efficient, Engaged, Responsive, and Resilient
  • Major Growth Drivers Summarized
  • Key Risk Factors to be Addressed Prior to Smart Water Meters Deployment
  • Recent Market Activity
  • Water: An Extremely Precious Natural Resource, Challenging to Manage, but Essential for Human Survival
  • Water: Global Availability and Usage Grid
  • Smart Meters Enhance Water Management Efficiency
  • The Evolution of the Smart Water Grid: Fundamental Factor Driving Market Penetration
  • Key Components of a Smart Water Grid: Brief Details of Component and their Smart System Application along with Problems Addressed
  • Smart Water Meters to Contribute towards Universal Access to Clean Water
  • Mounting Economic and Environment Challenges Drive the Need for Smart Water Networks
  • Growing Prominence of Smart Water Networks Boosts Demand for Smart Water Meters
  • Noteworthy Attributes of Smart Water Networks
  • Myriad Benefits of Smart Water Meters Drive Widespread Global Adoption
  • Better Water Conservation and Enhanced Savings
  • Reduction in Non-Revenue Water (NRW) Losses
  • Enhanced Operational Efficiency
  • Improved Asset Management
  • Provision of Actionable Intelligence
  • Enabling Modernization of Aging Infrastructure
  • Improved Customer Relationships
  • Global Market Outlook
  • Developed Countries: Largest and the Fastest Growing Smart Water Meter Markets Worldwide
  • Developing Countries Offer Significant Market Growth Potential
  • Global Competitor Market Shares
  • Smart Water Meters Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Aclara Technologies LLC (USA)
  • Arad Group (Israel)
  • Master Meter, Inc. (USA)
  • Contadores de Agua de Zaragoza, S.A. (Contazara) (Spain)
  • Arad Measuring Technologies Wuhan Co. Ltd.(China)
  • Arqiva Limited (UK)
  • Aquiba Pty Ltd. (Australia)
  • B METERS s.r.l. (Italy)
  • Badger Meter, Inc. (USA)
  • Bermad Water Technologies (Australia)
  • CyanConnode Holdings Plc (UK)
  • Diehl Metering GmbH (Germany)
  • Elster Group SE (Germany)
  • Elster Metering Limited (UK)
  • Iskraemeco, d.d. (Slovenia)
  • Itron, Inc. (USA)
  • Silver Spring Networks, Inc. (USA)
  • Kamstrup A/S (Denmark)
  • MARS Company (USA)
  • Mueller Water Products, Inc. (USA)
  • Mueller Systems LLC (USA)
  • Neptune Technology Group Inc. (USA)
  • Ningbo Water Meter Co., Ltd. (China)
  • Sanchuan Wisdom Technology Co., Ltd. (China)
  • Suntront Technology Co., Ltd. (China)
  • Tantalus Systems Corp. (Canada)
  • Wasion Group Co., Ltd. (China)
  • Xylem Inc. (USA)
  • Sensus USA Inc. (USA)
  • Zhejiang Holley Liyuan Metering Co., Ltd. (China)
3. MARKET TRENDS & DRIVERS
  • Growing Investments in Digital Solutions by Water Utilities Worldwide Drive Strong Market Demand
  • Numerous Benefits for Water Utilities from Complete Automation of Operations
  • Smart Water Meters Witness Increasing Adoption among Utilities
  • Advanced Technologies and Enabling Solutions Drive Smart Water Metering Deployments
  • Investments in Digital Solutions Inevitable for Utilities, but High Costs are Key Deterrents
  • Recent Digital Technology Trends in the Water Metering Space
  • Floating Ball Technology (FBT)
  • AquaSense Technology
  • Advanced Metering Analytics (AMA)
  • ReadCenter AnalyticsPro & Enhanced ReadCenter Analytics
  • Cloud-Based Software
  • Managed Solutions
  • Proactive Customer Communications
  • Cellular Metering
  • Urgent Need to Make Smart Meters More Flexible, Reliable, and Efficient Drive Demand for IoT Technology in the Water Utility Industry
  • Internet of Things (IoT) Poised to Transform the Water Utilities Sector
  • Advantages of IoT Technology over Traditional Proprietary Water Networks
  • IoT-enabled Fixed Metering System Versus AMR/AMI in Water Meters
  • Automatic Meter Reading (AMR)
  • Advanced Metering Infrastructure (AMI)
  • IoT-enabled Platforms
  • Despite Gains in Electric Utilities, Meter Data Management (MDM) Systems Yet to Find Acceptance by Water Utilities
  • Factors Limiting Adoption of MDMs
  • Interoperability Holds Key to Adoption
  • Surging Popularity of Intelligent Buildings and Smart Cities of the Future Necessitates Installation of Smart Water Meters
  • Smart Water Management: Increasingly Important for Smart Intelligent Buildings
  • Smart Water Meters to Make Major Contributions to Efficiency Levels in the Agricultural Sector
  • Stringent Regulations by Water Bodies and Governments Strengthen Market Prospects
  • Growing Demand for Advanced Metering Infrastructure (AMI) Lends Traction to Market Growth
  • Expanding Global Population and the Resulting Need for Smart Water Infrastructure Benefits Market Growth
  • Key Challenges Hampering Widespread Adoption of Smart Water Management Solutions
  • High Cost of Installation and Deployment
  • Sceptics Question Actual Value Realized through Smart Water Networks
  • Security and Reliability Concerns
  • Reliance on Battery Power Instead of Mains Supply
  • Slow Technological Advancement Limits Choice of Products
  • Lack of Flexible Demand Management Programs for Water
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: Smart Water Meters Global Market Estimates and Forecasts in US$ by Region/Country: 2020-2027
  • TABLE 2: Smart Water Meters Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • Market Analytics
  • TABLE 3: United States Smart Water Meters Market Estimates and Projections in US$: 2020 to 2027
CANADA
  • TABLE 4: Canadian Smart Water Meters Market Estimates and Forecasts in US$: 2020 to 2027
JAPAN
  • TABLE 5: Japanese Market for Smart Water Meters: Annual Sales Estimates and Projections in US$ for the Period 2020-2027
CHINA
  • TABLE 6: Chinese Smart Water Meters Market Growth Prospects in US$ for the Period 2020-2027
EUROPE
  • Market Facts & Figures
  • Market Analytics
  • TABLE 7: European Smart Water Meters Market Demand Scenario in US$ by Region/Country: 2018-2025
  • TABLE 8: European Smart Water Meters Market Share Shift by Region/Country: 2020 VS 2027
FRANCE
  • TABLE 9: Smart Water Meters Market in France: Estimates and Projections in US$ for the Period 2020-2027
GERMANY
  • TABLE 10: Smart Water Meters Market in Germany: Recent Past, Current and Future Analysis in US$ for the Period 2020-2027
ITALY
  • TABLE 11: Italian Smart Water Meters Market Growth Prospects in US$ for the Period 2020-2027
UNITED KINGDOM
  • TABLE 12: United Kingdom Market for Smart Water Meters: Annual Sales Estimates and Projections in US$ for the Period 2020-2027
REST OF EUROPE
  • TABLE 13: Rest of Europe Smart Water Meters Market Estimates and Forecasts in US$: 2020-2027
ASIA-PACIFIC
  • TABLE 14: Smart Water Meters Market in Asia-Pacific: Estimates and Projections in US$ for the Period 2020-2027
REST OF WORLD
  • TABLE 15: Rest of World Smart Water Meters Market Estimates and Forecasts in US$: 2020 to 2027
IV. COMPETITION
  • Total Companies Profiled: 70
Note: Product cover images may vary from those shown
  • Aclara Technologies LLC (USA)
  • Arad Group (Israel)
  • Master Meter, Inc. (USA)
  • Contadores de Agua de Zaragoza, S.A. (Contazara) (Spain)
  • Arad Measuring Technologies Wuhan Co. Ltd. (China)
  • Arqiva Limited (UK)
  • Aquiba Pty Ltd. (Australia)
  • B METERS s.r.l. (Italy)
  • Badger Meter, Inc. (USA)
  • Bermad Water Technologies (Australia)
  • CyanConnode Holdings Plc (UK)
  • Diehl Metering GmbH (Germany)
  • Elster Group SE (Germany)
  • Elster Metering Limited (UK)
  • Iskraemeco, d.d. (Slovenia)
  • Itron, Inc. (USA)
  • Silver Spring Networks, Inc. (USA)
  • Kamstrup A/S (Denmark)
  • MARS Company (USA)
  • Mueller Water Products, Inc. (USA)
  • Mueller Systems LLC (USA)
  • Neptune Technology Group Inc. (USA)
  • Ningbo Water Meter Co., Ltd. (China)
  • Sanchuan Wisdom Technology Co., Ltd. (China)
  • Suntront Technology Co., Ltd. (China)
  • Tantalus Systems Corp. (Canada)
  • Wasion Group Co., Ltd. (China)
  • Xylem Inc. (USA)
  • Sensus USA Inc. (USA)
  • Zhejiang Holley Liyuan Metering Co., Ltd. (China)
Note: Product cover images may vary from those shown
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