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Frost & Sullivan: Increasing Popularity of Data Analytics Strengthens Case for Global Smart Water Metering


News provided by

Frost & Sullivan

19 Feb, 2014, 12:52 GMT

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-- Positioning product portfolios to match regional development patterns will deliver faster buy-in and end-user understanding

MOUNTAIN VIEW, California, Feb. 19, 2014 /PRNewswire/ -- The market for smart water metering is expected to witness solid expansion due to development in North American and European markets - both regions where water utilities are increasingly aligned with the potential uses of data and analytics. This forecast, however, should not be read as an endorsement of even market growth, as regional patterns must be explored to gain insightful analysis of the market's direction and frame a successful growth strategy.

New analysis from Frost & Sullivan (http://www.environmental.frost.com), Analysis of the Global Smart Water Metering Market, finds that the market earned revenues of $3.48 billion in 2013 and estimates this to reach $5.18 billion in 2017. The study covers smart water meters, installation services, and meter data management services.

If you are interested in more information on this study, please send an email to Liz Clark, Corporate Communications, at liz.clark@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

"Smart water metering is a global trend driven by key factors: reducing non-revenue water, increasing sustainable and reliable billing, improving water service reliability, and the need for higher optimization and control," said Frost & Sullivan Energy and Environment Industry Analyst Seth Cutler. "The understanding that data is the lynchpin spurring these agendas forward will fuel investments in the market over the forecast period."

Since smart water metering is a fundamentally different way of managing municipal water supply, the current state of product knowledge is still expanding and not authoritative enough to quell utility skepticism on its benefits. Hence, the lack of in-depth knowledge on technology and vendor choices, project implementation best practice, and business case development is slowing down adoption.

Without strong government mandates, end users in this traditionally conservative industry require time to reduce risks and gain confidence in decision-making. Moreover, the levels of market awareness vary by region and country and participants need to factor this into their regional marketing and business development strategies. Many assumptions and best practice scenarios fail to gain traction in different regions.

"Each region is likely to follow a traditional technology advancement trajectory in smart water metering," observed Cutler. "A 'leap-frog' effect of late adopters jumping ahead in advanced technology adoption is not expected to materialize in this dynamic landscape. This reinforces the importance of tailored and targeted market approaches."

Analysis of the Global Smart Water Metering Market is part of the Environmental Growth Partnership Service program. Frost & Sullivan's related studies include: Global Waste to Energy Plant Market, Global Smart Water Metering Market, Water and Wastewater Treatment (WWWT) Market in Brunei, Hong Kong, Maldives, and Taiwan, and Produced Water Market Analysis in Gulf Cooperation Council (GCC) Countries. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

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Analysis of the Global Smart Water Metering Market
NCCE-15

Contact:
Liz Clark
Corporate Communications – North America
P: +1.210.477.8483
E: liz.clark@frost.com
http://www.frost.com

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