Smart Water Metering Market 2022 : Growth Insights, New Developments, Share, Trends, Emerging Technologies, Top Key Players and global Industry Forecast To 2031

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Kenneth Research examined the statistical and analytical approach that is required for the growth of Smart Water Metering Market between the years 2022 and 2031. The key industrial insights provided in the report gives a better idea about the market overview to the readers regarding the existing scenario in the market. In addition, the report includes detailed discussion on current and future market trends that are associated with the growth of the market.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Smart Water Metering Market products.

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Factors such as the growing trade of semiconductors for use in different consumer electronic products, along with the growing trend of automation and IoT, which is raising the need for the deployment of advanced electronic chipsets, therefore the advancement in the trade of semiconductors. According to the statistics by World Semiconductor Trade Statistics (WSTS), semiconductor billings around the globe per 12 months rolling average increased from around USD 250 billion in the year 2010 to around USD 460 billion in the year 2019.

Global Smart Water Metering Market: By Type (Automated Meter Reading [AMR] and Advanced Metering Infrastructure [AMI]); By Component (Endpoint Hardware, Network Infrastructure, Installation, and Others); and By Region (Americas, Europe, Asia Pacific, and Middle East & Africa): Drivers, Restraints, Opportunities, Trends, and Forecast 2019 - 2025
The study on "global smart water metering market" details the market size and analysis across various segments, which include Type (Automated Meter Reading [AMR] and Advanced Metering Infrastructure [AMI]); Component (Endpoint Hardware, Network Infrastructure, Installation, and Others); and Region (Americas, Europe, Asia Pacific, and Middle East & Africa).

Overview: Smart Water Metering Market

The global smart water metering market is anticipated to witness significant growth during the forecast period. In recent years, the demand for water has increased significantly due to climate changes and other factors such as increasing population and rapid urbanization. As a result, governments across countries are heavily focusing on developing frameworks related to water management policies and a comprehensive strategy for long-term water resource management. This has pressurized water utilities to reduce water losses from both an environmental and financial standpoint.

Currently, the technology development and adoption of advanced technologies, such as IoT and analytics, in the water sector is lagging when compared to other utilities such as electricity and gas. Moreover, water systems in many countries are running on aged infrastructure, and technologies that utilities rely on managing water are largely outdated, which has resulted in increased non-revenue water (NRW).

Governments and utilities are emphasizing on reducing non-revenue water, and transformation of aging water infrastructure with growing focus on developing sustainable water infrastructure. The market will witness demand for water metering solutions that can be integrated with smart communicating devices, as rising focus on reducing the operating cost driving the global smart water metering market. Emerging low power IoT connectivity technologies (NB-IoT) allow utilities to eliminate the need for investing in establishing their own communication infrastructure for remote meter reading, a prominent trend likely to accelerate the growth of the global smart water metering market during the forecast period. Additionally, increasing smart city initiatives and expanding urban landscape in developing economies are identified as opportunities anticipated to fuel the growth of the smart water metering market during the forecast period 2019-2025.

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Additionally, utilities operating in developed economies are mandated to meet certain guidelines and standards to eliminate the commercial loss - water that is incorrectly billed because of poor/incorrect metering and physical loss - leaks and theft from the water distribution system, which is further accelerating the growth of the smart water metering market. Moreover, advancement in IoT and sensing technologies, declining deployment cost of IoT solutions, and increasing focus on utilizing data-driven solutions to improve operating revenue of utilities are further fuelling the growth of smart water metering market.

Market Revenue and Segmentation Analysis Smart Water Metering Market
The global smart water metering market is anticipated to grow at a CAGR of 13.3% during the forecast period 2019-2025.

The global smart water metering market is segmented based on type, component, and region. In terms of type, the global smart water metering market is sub-segmented into automated meter reading (AMR) and advanced metering infrastructure (AMI). The AMR segment dominated in 2018 and is expected to lose its market share to the AMI segment during the forecast period. This is primarily due to higher operating costs of AMR when compared to AMI since meter readers must still drive the routes. The AMI system offers various water management capabilities such as enhanced tracking of flow patterns and water consumption, ability to monitor changes in demands and trends, and abnormalities in distribution network among others. By type, AMI is anticipated to be the fastest growing segment attributed to its advanced water management capabilities of AMI system and increasing interest on smart grid solutions. In terms of component, the global smart water metering market is sub-segmented into endpoint hardware, network infrastructure, installation, and others.

Regional Analysis

In 2018, the Americas was the dominant region in the global smart water metering market followed by Europe. Asia Pacific is identified as the fastest growing region in the global smart water metering market, i.e., growing at a CAGR of 20.8% during the forecast period 2019-2025. This is mainly due to rapid urbanization and expanding urban landscape along with increasing investment in smart city initiatives.

Benefits and Vendors

The report on smart water metering market contains an in-depth analysis of vendors, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the key players profiled in this study include Xylem Inc. (Sensus), Itron Inc., Badger Meter, Inc., Kamstrup A/S, Landis+Gyr., Neptune Technology Group, Arad Group, Diehl Stiftung & Co. KG, Hubbell (Aclara Technologies LLC), and Mueller Water Products, Inc.

The study offers a comprehensive analysis of the "global smart water metering market". Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand revenue opportunities across different segments to take better decisions.

Key Segments of the Report Include:

? Smart Water Metering Market - By Type
o Automated Meter Reading (AMR)
o Advanced Metering Infrastructure (AMI)
? Smart Water Metering Market - By Component
o Endpoint Hardware
o Network Infrastructure
o Installation
o Others
? Smart Water Metering Market - By Region
o Americas
o Europe
o Asia Pacific
o Middle East & Africa (MEA)

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The post Smart Water Metering Market 2022 : Growth Insights, New Developments, Share, Trends, Emerging Technologies, Top Key Players and global Industry Forecast To 2031 appeared first on America News Hour.

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