DUBLIN, Mar 6, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Smart Water Meter Market Size, Share, Development, Growth and Demand Forecast to 2025" report to their offering.
The global smart water market is expected to grow with double digit CAGR during 2016 - 2025. The smart water meter market is being driven by several factors such as increased accessibility of consumers and water utilities, minimization of non-revenue water, growing interest of water utilizes towards installation of smart water meters and government support.
Non-revenue water (NRW) is usable water that is lost before reaching to the consumer. The losses can be in the form of leaks, thefts or metering inaccuracies. In developed countries, the NRW accounts for around 20% in the total water produced, whereas in the developing countries around 50% of the total water produced is lost. Smart water meters help in detecting the leakages in the water network, thus minimizing the loss of non-revenue water. Water being one of the necessary resources, the increasing amount of non-revenue water has been a major concern for government and water utilities. Several governments have been encouraging the installation and use of smart meters in order to reduce the NRW. This emerges as another important driver for the smart metering market.
The benefits of smart water meter are propelling its demand across several regions. Middle-East & Africa (MEA) is one of the regions that is expected to grow significantly during the forecast period. The smart water meter market in MEA is lowest among all the regions; however the growing concern for water conservation especially in Middle-East is bolstering the demand of smart water meters during the forecast period.
- Badger Meter Inc.
- Itron Inc.
- Landis+Gyr Ag
- Elster Group Gmbh
- Kamstrup A/S
- Aclara Technologies Llc
- Neptune Technology Group Inc.
- Diehl Stiftung & Co. Kg
- Aquiba Pty Ltd
Key Topics Covered:
1. Research Scope And Methodology
2. Executive Summary
3. Market Outlook
4. Global Smart Water Meter Market Size And Forecast (2012 - 2025)
5. Global Smart Water Meter Market, By Geography
6. Competitive Landscape
7. Company Profiles And Strategic Developments
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SOURCE Research and Markets