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Smart Water Meter Market Regional Analysis With Size, Popular Trends, Growth and Demand Forecast to 2025

Smart water meter market size is forecasted to reach $2,400.6 million by 2025, it is expected to grow at 11.7% CAGR during 2017-2025.
The surging water crisis furthermore lifts the interest for a sensible plan towards water administration. Water utilities are the genuine consumers of these water meters and it is predicted to lead the market in the midst of the gauge time frame. This is a result of their necessity of channelizing the conveyance methods of considerable measure of water.
The interest for advanced metering infrastructure (AMI) has been developing at a steady pace and is expected to encourage further growth opportunities to the smart water meter industry. Most of this demand is expected to originate from water utilities as they have larger budgets as compared to the industrial and residential consumers. The application of these meters incorporates water utilities, industrial and residential buyers. The improved data quality, two-way communication benefits and high frequency of information related to leak detection as compared to AMR metering is further bolstering the demand for AMI meters.
The smart water meter market in Middle-East and Africa (MEA) is projected to develop altogether amid the forecast time. MEA represents the smallest market among all the other regions included in the study. The growing concern for water conservation, particularly in Middle-East, is bolstering the market growth amid the forecast period.
The smart water meter organizations, for example Kamstrup and Cyan, are entering the MEA market owing to the realized growth potential in the region. Iran is among the precursors in the adoption of smart meters, though Saudi Arabia is the largest smart water meter market in the region.
The water companies in the U.K. have been experiencing losses of around 27% of the treated water due to inaccurate water network. This is driving them to replace their traditional water meters with the smart water meters. Thames Water Utilities in the U.K. has been aggressively investing in these meters. Rogers Water Utilities (RWU) in the U.S. is planning to completely replace its existing water meters with smart water meters by 2021.
Some of the key players operating in this market include Badger Meter, Itron, Landis+Gyr, Elster Group, Kamstrup, Aclara Technologies, Sensus, Neptune, Diehl and Acquiba.

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