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Oct 21, 2019 6:01 AM ET

Smart Water Meter Market Forecast to 2023 With Key Companies Profile, Size, Share, Supply, Demand and CAGR of over 12%

Smart Water Meter Market Forecast to 2023 With Key Companies Profile, Size, Share, Supply, Demand and CAGR of over 12%

iCrowd Newswire - Oct 21, 2019

Smart Water Meter Market” report presents analysis by region-wise market volume and the futuristic possibilities analogous to the development of Smart Water Meter market during the forecast period. It gives data about who are the leading manufacturers, distributors of global Smart Water Meter market, together with the explanation of product, company profiles and Smart Water Meter market outline. Report also describes market situation and current trends in Smart Water Meter market by segmentation of product type, application.

“Smart Water Meter market is giving the largest share of 9.67% in 2018 and expected to grow at compound annual growth rate (CAGR) of over 12% during forecast period 2019-2023.“

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Smart Water Meter Market Summary: Our smart water meter market analysis considers sales from both advanced metering infrastructure (AMI) and advanced meter reading (AMR) technologies. Our analysis also considers the sales of smart water meter in the Americas EMEA and APAC. In 2018, the AMI segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as technological advancements over AMR systems, changing needs of water utilities, and product and cost benefits of using AMI water management systems along with electricity and gas services will play a significant role in the AMI segment to maintain its market position. Also, our global smart water meter market report also looks at factors such as rise in global water demand, benefits of using smart water meters, favorable government support. However, high capital and operational costs, infrastructural and standardization challenges, lack of awareness may hamper the growth of the smart water meter industry over the forecast period.

Market Driver: benefits of using smart water metersMarket Trend: development of smart citiesMarket Challenge: lack of awareness.Benefits of using smart water metersIn a water-constrained environment, non-revenue water management through smart water meters is cost-effective compared with supply augmentation. Smart water meter programs provide automatic leak detection, thereby reducing water wastage by consumers. The benefits of using smart water meters can effectively help water utilities to manage water consumption and conserve water resources, which has become the need of the hour with rising water consumption. Thus, the benefits of using smart water meter are expected to boost the growth of the market registering a CAGR of over 12% during the forecast period.Development of smart citiesA smart city makes use of digital technology for improving the performance of various resources. such as water, energy. and infrastructure. to enhance the overall productivity and well-being of the city. Chandigarh Smart City issued a request for a proposal to install 13,700 smart water meters in the households in Chandigarh, India. Similarly, proposals for installing smart water meters in various smart cities undergoing an infrastructure renovation have been put forth. This development is expected to have a positive impact on the overall market growth.

Various plans and news are also included in the Smart Water Meter Market report. This comprises labour cost, reduction cost, raw material charges and other economic data. The production method is analysed with respect to various aspects of, manufacturing cost analysis, size, commercial production, RandD grade, raw material source, and technology source.

Smart Water Meter Market has been segmented on the basis of industry which comprises of:

Smart Water Meter market report provides regional analysis forecast (2019-2023) including following regions and country level analysis:APAC, EMEA, and the Americas

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Key Benefits of Report:

Lastly Smart Water Meter Market analyse different driving factors associated with Smart Water Meter market growth, major challenges, and Smart Water Meter opportunities. Smart Water Meter market surveys on dynamics, the scope of production, a study on the complete pricing of the top manufacturer.

No. of Pages: 139

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TOC of Smart Water Meter Market ReportPART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT2.1 Preface2.2 Preface2.3 Currency conversion rates for US$PART 03: MARKET LANDSCAPEMarket ecosystemMarket characteristicsMarket segmentation analysisPART 04: MARKET SIZINGMarket definitionMarket sizing 2018Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSISBargaining power of buyersBargaining power of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket conditionPART 06: MARKET SEGMENTATION BY TECHNOLOGYMarket segmentation by technologyComparison by technologyAMI – Market size and forecast 2018-2023AMR – Market size and forecast 2018-2023Market opportunity by technologyPART 07: CUSTOMER LANDSCAPEPART 08: GEOGRAPHIC LANDSCAPEGeographic segmentationGeographic comparisonAmericas – Market size and forecast 2018-2023EMEA – Market size and forecast 2018-2023APAC – Market size and forecast 2018-2023Key leading countriesMarket opportunityPART 09: MARKET SEGMENTATION BY END-USERMarket segmentation by end-userComparison by end-userResidential – Market size and forecast 2018-2023Commercial and industrial – Market size and forecast 2018-2023Market opportunity by end-userPART 10: DECISION FRAMEWORKPART 11: DRIVERS AND CHALLENGESMarket driversMarket challengesPART 12: MARKET TRENDSDevelopment of pay-as-you-go servicesRise in adoption of digital technologies for smart water managementDevelopment of smart citiesPART 13: VENDOR LANDSCAPEOverviewLandscape disruption

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