Smart Water Metering Market share to exceed 290 million units by 2024

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Smart Water Metering Market share to reach 14bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Water Metering Market

• Commercial smart water metering market share is
  projected to witness growth over 15 during the
  forecast timeline. Rising concerns towards
  control of overhead expenses including water
  bills can impact the profitability of a
  commercial establishment, complementing the
  business outlook.
• China accounted for over 55 of the Asia Pacific
  smart water metering market share in 2016. In
  2012, the Ministry of Industry and Information
  Technology (MIIT) of China unveiled the 12th
  Five-Year Plan focusing towards the development
  of intelligent grids, household and cities, Under
  the proposed blueprint the investment of USD 294
  billion were allocated for water resources
  projects. As per the plan, the pricing policies
  on ladder water price will be implemented in most
  of the municipal utilities, necessitating a paced
  deployment of these products in the region.

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Continued...

• Increasing administrative emphasis with
  favourable government initiatives will positively
  drive the Germany smart water metering market
  growth. Growing foreign collaborations and
  investments toward the development of high
  performance advanced systems will further
  stimulate the product demand. Being an active
  member of the Open Metering System Group the
  country regulates the standardization activities
  of these products for water, gas and electricity.
  
• Notable players in the smart water metering
  market include Itron, Siemens, LandisGYR,
  Schneider Electric, Circutor, Icsa, Iskraemeco,
  Holley Metering, Honeywell, Osaki, Elster, Sensus
  Sentec, Badger Meter and Neptune Technology.

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Germany Smart Water Metering Market Size, By
Application, 2016 (Million Units)

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360 Analysis

• Application Trends
• Smart water metering market share for 2016 from
  commercial applications accounted for over 35 of
  the global share. Increasing water prices with
  uncertain supply and availability may boost the
  industry growth. Commercial and utility end users
  are realizing the importance of conserving water
  and effectively mapping their usage as
  unregulated spending on resources can affect the
  profitability of the enterprise.
• Regional Trends
• U.S. smart water metering market size is set to
  exceed USD 3 billion by 2024 owing to increasing
  adoption of these systems in commercial and
  utility applications owing to affordable prices
  and convenience. Strict norms towards non-revenue
  water may further complement the business
  outlook.
• Competitive Market Share
• Global smart water metering market participants
  include Siemens AG, Itron, Elster, Sensus,
  LandisGyr, Kamstrup, Aclara Technologies, Xylem,
  Badger Meter, Datamatic, Diehl, Neptune
  Technology, Arad, Arqiva and others.

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