Demand for Holistic Non-revenue Water Reduction is Driving the Adoption of AMI-based Meters
Water utilities around the world are modernizing their water infrastructure to optimize efficiency, improve sustainability, and enhance infrastructure’s resilience to disruptions. In the process of rehabilitation and modernization, water conservation and non-revenue water (NRW) reduction have become core objectives. Smart water meters have become an essential tool to help end users optimize water resource, monitor leaks, and provide high-quality customer service, which translates into significantly enhanced economic and environmental sustainability.
LPWAN solutions such as SigFox, LoraWAN, WiZE, Wi-SUN, NB-IoT, and LTE-M have enhanced adoption and penetration of AMI-based smart water meter solutions on the back of seamless connectivity and near-real-time visualization of consumption data. Smart water meters have also helped end users reduce their consumption by as much as 15%. Features including remote shutoff capability, smartphone app data visualization, and leak monitoring and detection are the main value adds offered by smart water metering solution providers. Water utilities, especially in North America and Europe, are transitioning from automated meter reading (AMR) to automated metering infrastructure (AMI) for advantages including reduction of labour, bi-directional communication, and NRW management capabilities. Smart city investments expected to pick up again after a pause in 2020 related to the COVID-19 pandemic would fuel smart water meter adoption.
Key Issues Addressed:
- What is the current market situation, and what is the expected market growth rate?
- What factors are influencing the growth of the global smart water meter market, and to what extent has the COVID-19 pandemic impacted the market?
- What factors influence the growth of regional markets?
- Who are the key players offering network communication and meter data management solutions?
- Which countries offer the best growth opportunities?
