South America Smart Water Meters Market – Size, Trends and Forecast (2024

South America Smart Water Meters Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Smart water meter is an internet-enabled device, generally coupled with GPS chips and GIS (Geographic Information System) that measures and manages water consumption and distribution. A smart water meter uses power line communications (PLC), wireless radio frequency, and SCADA (Supervisory Control and Data Acquisition) to constantly communicate with the central server.

South America Smart Water Meters Market Segments Size & Growth:

South America 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.

South America Smart Water Meters Market Segments Share:

South America 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 real-time billing information will fuel the growth of AMR meters in South America smart water meter market. The advanced meter infrastructure smart water metering market

South America Smart Water Meters Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

is anticipated to witness growth over 28% by 2024.

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 17% 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, Brazil is projected to hold for the largest share in the market and Argentina is expected to grow at the fastest pace during the forecast period. In South America, the growth of the smart countries such as

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South America Smart Water Meters Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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