Smart Water Metering Opportunities and Forecast to 2028

The global smart water meter infrastructure market is experiencing an intense growth with regards to the investments, trials being carried out and deployment for future in the current scenario and is anticipated to rise in the coming years. The market for smart water meter consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced service to the customers. Also, there are many stakeholders in the smart water meter ecosystem that are involved in the end-to-end development of smart water meter technology and ensuring that the best service is made available for the users. Government funding for research & development, strategic partnerships between chipset manufacturers, equipment vendors, network operators and Government bodies are anticipated to enable huge surges in the market for smart water meter over the forecast period.

Itron Inc, Neptune Technology Group Inc, Sensus USA Inc, Elster AMCO, and Badger Meter Inc are the five leading global smart water metering market players. The positioning of these "Five Key Players" is derived by giving weightage to the following key performance parameters—overall revenue, segment revenue, geographical reach, customer base, new solution/service launches, smart water metering market initiatives, investments in technological advancements, R&D investments, mergers & acquisitions, and other smart water metering market-related activities.

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Key Findings of Study:

The global smart water metering market is experiencing intense growth regarding the investments, trials being carried out, and deployment for the future in the current scenario; this growth is anticipated to continue in the coming years. The smart water metering market consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced service to customers. Also, there are many stakeholders in the smart water meter ecosystem that are involved in the end-to-end development of smart water meter technology and ensuring that the best service is made available for the users. Government funding for research & development and strategic partnerships between chipset manufacturers, equipment vendors, network operators, and government bodies are anticipated to boost the smart water metering market size over the forecast period.

North America accounted for the largest share of the global smart water metering market size in 2021, and it is expected to retain its dominance during the forecast period. This can be attributed to several factors such as well-developed smart grid infrastructure across different countries such as the US and Canada and the presence of well-established smart water metering market players that constantly work on the development of innovative solutions for the end users across the region. The presence of companies such as Sensus, Itron Inc, and Badger Meter Inc is further catalyzing the smart water metering market growth across North America.

Water scarcity or illegal tampering or tapping of water is a serious concern prevailing in developed as well as developing countries across the globe. Various governments and private organizations are actively participating in creating awareness among water management authorities of respective countries or areas to mitigate water scarcity problems. However, due to the lack of knowledge among the mass in terms of advanced water management technologies, sufficient deployment of smart water meters is lacking in several areas worldwide. This factor is hindering the smart water metering market growth.

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global smart water metering market.

- Highlights key business priorities in order to assist companies to realign their business strategies

- The key findings and recommendations highlight crucial progressive industry trends in the global smart water metering market, thereby allowing players across the value chain to develop effective long-term strategies

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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TABLE OF CONTENTS

• Smart Water Metering Market Landscape

• Smart Water Metering Market - Key Market Dynamics

• Smart Water Metering Market – Global Market Analysis

• Smart Water Metering Market Analysis – By Type

• Smart Water Metering Market Analysis – By Component

• Smart Water Metering Market Analysis – By Application

• Smart Water Metering Market Analysis – By Meter Type

• Smart Water Metering Market – Geographic Analysis

• Smart Water Metering Market – COVID-19 Impact Analysis

• Company Profiles

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