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A smart meter is a normal water meter connected to a data logger that allows for the continuous monitoring of water consumption. The conventional systems in which users get the information on water usage months after the events occurred, a smart metering system can provide real-time water consumption or sufficient data points to determine usage patterns. Smart metering is, therefore, the provision of near real-time information enabling customers to understand and monitor their water use and assisting the water utility to manage its network and provide better customer service.
Europe Smart Water Meters Market Segments Size & Growth:
Europe Smart Water Meters Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include investments inefficient distribution networks, adequate monitoring of consumption patterns, accuracy & savings in Billings, favourable government regulations, developing intelligent, sustainable water management solutions, and non-revenue water (NRW) monitoring and control. However, high initial costs and fragmented nature of the industry, lack of awareness among consumers, and privacy concerns are thereby hindering the market growth. Various opportunities for smart water meter market include incorporation of distributed generation and the possibility for water conservation of smart irrigation systems.
Europe Smart Water Meters Market Segments Share:
Europe Smart Water Meters Market is categorised into a type which comprises of advanced metering infrastructure (AMI), and automatic meter reader (AMR). Among them, advanced meter reader segment is expected to hold the largest share in the market. Reduced meter-reading cost, elimination of billing errors and disputes, and the availability of
By product, the market is segmented into the smart hot-water meter and smart cold-water meter. Among them, Cold, smart water meter segment is projected to witness a growth of over XX% by 2024. These meters can be used up to temperature ranges of 300 C and find application across residential and commercial establishments. The ongoing increase in consumption coupled with the rapid expansion of cooling pipelines will further drive the product outlook. By the component, the market is segmented into communication devices, meter & accessories, software & solutions, and others. By end-users, the market is segmented into residential, commercial, and utility. Among them, the Residential segment is projected to hold the largest share in the market because of rising demand for accurate billing coupled with effective mapping of unregulated spending on water resources, the ability of intelligent metering systems to reduce non-revenue water and secure remote monitoring.
By Geography, UK is projected to hold for the largest share in the market and France is expected to grow at the fastest pace during the forecast period. In Europe, the growth of the smart water metering market can be attributed to focus on water monitoring & prevention of water leakage and the repair & upgrade of ageing water infrastructure. The factors that are propelling the Europe smart water meter market include stringent regulations by the government, the rise in the evolution of smart cities, and the rapid development of water infrastructures. Several smart
Europe Smart Water Meters Market Trends:
Europe Smart Water Meters Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players, such as
Along with these companies, there were many other companies considered/cited in the report while analysing the Europe smart water meter market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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