Smart Water Metering Market Latest Industry Size, Share, Demands, Growth Analysis, Company Profiles, Revenue and Forecast 2026

(MENAFN- The Express Wire) Smart Water Metering Market Latest Industry Size, Share, Demands, Growth Analysis, Company Profiles, Revenue and Forecast 2026

Posted on Sep 20 2020 2:08 PM

"Top Players in Smart Water Metering Market are Sensus USA Inc, Aichi Tokei Denki, Zenner International GmbH and Co KG, Mueller Systems, Diehl Stiftung and Co. KG, Apator, Neptune Technology Group, Badger Meter, Azbil Kimmon Co. Ltd, Kamstrup, Kompass, Arad Group, Aclara Technologies LLC, CyanConnode Holdings Plc, and Contadores de Agua de Zaragoza "

Recent technological advancements in water meters is contributing significantly to the smart water metering market, says Fortune Business Insights in report, titled 'Smart water metering market Size, Share and Global Trend By Technology (Advanced Metering Infrastructure (AMI), Automatic Meter Reading System (AMR)), By Product (Smart Hot Water Meter, Smart Cold Water Meter), By Meter Type (One-Way Smart Meter, Two-Way Smart Meter), By Application (Residential, Commercial, Industrial), and Geography Forecast till 2026. Growing demand for water and water applications is enabling growth in the global IoT water meter industry.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

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List of Key Players in the smart water metering market:

• Kamstrup A/S
• Diehl Stiftung & Co. KG
• Badger Meter inc.
• Itron Inc.
• Sensus USA Inc.
• Neptune Technologies
• ARAD Group
• Aclara Technologies LLC
• Elster Group
• Mueller Systems LLC.

'Diehl Software Will Be Accessible On Microsoft Azure

Diehl meter, smart metering and energy services company launched a new technology called IZAR Meter Data Management software which will be accessible on Microsoft Azure Platform. The IZAR software will offer a principal platform for all of the energy data, thus making the process cost-effective and simpler. The digital water meter market will witness high growth due to the launch of novel software such as IZAR, which includes comprehensive data analysis, leakage recognition, network optimization, customer services and network optimization.

Acquisitions by key companies are also predicted to aid the growth of the digital water meter market. For instance, Zenner took over Alfa Centauri SpA, expanding its position further in the global smart meter market. Zenner has already been providing heat meters, smart water meters, and heat cost allocators for many years. This factor is likely to fuel demand for digital water meters and hence enable the growth of the digital water meter market.

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'Rising Water Consumption to Support Growth

Smart water meters are essentially used to monitor water usage and track water accurately in homes, industries, and other places. The rising pressure on water utilities has fueled demand for IoT water meters, owing to the numerous benefits associated with the digital water meters. The technology used in smart water meter can monitor every drop of water besides offering benefits of enhanced leak detection and unparalleled data acquisition. The demand for digital water systems is likely to grow due to the escalating population worldwide and also increasing investments by the government for water-related programs.

For instance, in 2016, the U.S. government announced to allocate USD 37.5 Bn to provide financial assistance to energy and water programs to avoid the water scarcity crisis. This factor is expected to aid in the expansion of the smart water meter size. Further, growing technological advancement in water meters such as leakage detection along with the rising number of residential buildings and increasing water consumption in countries is also expected to boost the digital water meter business.

'Increasing Government Investments Will Promote Growth in North America

Geographically, the global IoT water meter is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America is expected to dominate the global IoT water meter industry due to the presence of various key players in the region along with high investments by the government for the deployment of digitally innovative water meter in the place of the traditional water meter. The above factors are supporting the expansion of the global IoT water meter across the region. Further, rising government initiatives for the regulation of water wastage while bearing in mind the environmental protection in Asia-pacific nations is predicted to contribute growth to the digital water system industry.

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