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Global Smart Water Meter Market By Solution (Enterprise Asset Management, Smart Irrigation Management, Others), By Application (Commercial, Utility, Others), By Technology (AMR and AMI), By Region, Forecast & Opportunities to 2026

The global smart water meter market accounted for a value of USD 4.4 billion in 2019 and is projected to register growth at a CAGR of 9.6% during forecast period.

COVID-19 has impacted the smart water meter market. The manufacturing units have to halt or shutdown its production due to lockdown. The supply chain of finished products and raw materials got disrupted due to travel restriction around the world. The demand for smart water meter is likely to decline due to COVID-19.

Definition:

Smart water meters can be defined as battery powered and it measures water flow. It uses wireless communication to connect to wide area or to local networks. It allows remote location monitoring using leak detection. This meter provides automatic billing and customer management against temping attempts.

Market Dynamics (Drivers/Opportunities):

The technological advancement is increasing and people are adopting highly technological equipments such as smart water meter across the world. The demand for emerging intelligent sustainable water management solutions is increasing. It provides effective reading and helps in monitoring the consumption patterns to utilize our resources efficiently. This drives growth in smart water meter market during forecast period.

The demand for highly accurate and precise measurement water flow has been increasing. This factor drives the market to foresee growth in near future. Smart water meter gives accurate water flow readings. Many favorable government policies are also driving smart water meter market. They are also guiding consumers to install smart water meter to have clarity of their usage of water flow. This drives growth in smart water meter market during forecast period.

Market Insights, by Solution

On the basis of solution, the smart meter water market is segmented into enterprise asset management, analytics & data management, security, smart irrigation management, advanced pressure management, mobile workforce management, network management, customer information system & billing, leak detection and others. The enterprise asset management segment is estimated to hold largest market share during forecast period. The adoption of enterprise asset management is increasing around the world. The demand and adoption for real-time condition monitoring is increasing. it provides predictive maintenance of assets. This drives growth in enterprise asset management segment during forecast period.

Market Insights, by Technology

On the basis of technology, the smart water meter market is segmented into AMR and AMI. The AMI smart water meter market is estimated to witness highest growth during forecast period. It helps in optimizing the bill generation process and it reduces labor cost.  It possesses high reliability and long battery life. The companies are investing in this segment to brought technological advancement in this segment. The demand and adoption of AMI is increasing and this drives growth in AMI segment during forecast period.

Market Insights, by Application

On the basis of technology, the smart water meter market is segmented into residential, commercial and utility. The residential segment is estimated to dominate the market during forecast period. The demand for accurate mapping for water spending and it also helps in optimizing billing process. The residential segment is adopting smart water meter as the water scarcity is increasing along with the demand for remote monitoring. This increases growth in residential market during forecast period.

Regional Insights

Asia-Pacific region is estimated to grow at highest CAGR during forecast period. It has the highest population in the world. There are major technological sifts in this region. The IoT and other technologies are widely adopted in this region. The water scarcity is increasing in this region which increase demand for smart water meter as it helps in monitoring water flow and consumption. The demand and adoption of smart water meter is increasing around the world and this drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in smart water meter market are ABB, IBM, Honeywell Elster, Siemens, Itron, Schneider Electric, Suez, Oracle, Landis + GYR, Sensus, Arad Group, Huawei, Trimble Water, Hydropoint, I2O Water, Xenius, Senziot, Takadu and Badger Meter.

Segments Covered in the Report

This report forecasts The Global Smart Water Meter Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global smart water meter market report on the basis of solution, technology and application.

Smart Water Meter Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Smart Water Meter Market, By Solution, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Enterprise Asset Management
  • Analytics & Data Management
  • Security
  • Smart Irrigation Management
  • Advanced Pressure Management
  • Mobile Workforce Management
  • Network Management
  • Customer Information System & Billing
  • Leak Detection
  • Others
  1. Smart Water Meter Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Auto Meter Reading (AMR)
  • Advanced Metering Infrastructure (AMI)
  1. Smart Water Meter Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Residential
  • Commercial
  • Utility
  1. Smart Water Meter Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Solution
    • By Technology
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Solution
      • By Technology
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Solution
        • By Technology
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Solution
          • By Technology
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Solution
            • By Technology
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Badger Meter
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • ABB
    • IBM
    • Honeywell Elster
    • Siemens
    • Itron
    • Schneider Electric
    • Suez
    • Oracle
    • Landis + GYR
    • Sensus
    • Arad Group
    • Huawei
    • Trimble Water
    • Hydropoint
    • I2O Water
    • Xenius
    • Senziot,
    • Takadu
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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