London, 11 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global smart water meter market 2015-2019, which is expected to grow at a CAGR of 14.68 % during the forecast period of 2014-2019.
“Increase in water loss is expected to drive the market growth during the forecast period. Many countries worldwide are facing water scarcity because of an increase in water loss as a result of leakages or the illegal tapping of water pipelines.”
“Advances in smart water meters, coupled with the emergence of AMI-enabled communication, which enables two-way feedback, is encouraging more vendors to adopt the technology,” says Faisal Ghaus, Vice President of Technavio.
“Advanced Metering Infrastructures (AMIs) encompass a wide range of metering devices, software processes, communication media and data-management systems. As a result, around the world, many AMR meters are now being replaced by AMI-compatible smart water meters.”
Key Market Drivers
- Increase in water loss
- Need to manage water usage
- Functional benefits
- Rising water stress levels
- High NRW losses
- Aging water distribution infrastructure
Key Market Trends
- Advances in technology
- Increase in pilot projects
- Growing vendor partnerships
Key Market Vendors
- Badger Meter Inc.
- Elster Group GmbH
- Itron Inc.
- Sensus USA Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
