Meanwhile, in Europe, France, Germany and the UK are the biggest markets, followed by Spain and Scandinavia. The added advantages of smart billing and leak detection have spurred the installation of smart water meters. In the US, there is huge demand for smart water metering due to the renewed focus on the reduction of NRW by the utilities. In China, rapid urbanisation, smart city investments, favourable policies and the 13th five-year plan has positively impacted the growth potential of the market. This is expected to grow to 82.1 million by 2026.Ĭhina and North America account for the largest market share, with the latter taking 44 per cent of the smart water meter market, respectively. In terms of market size, in 2017 the market shipped 13.8 million units, according to industry analysts Frost & Sullivan. Metered customers on average use 12 per cent less, according to UK utility Thames Water, who is fitting meters as part of a wider plan to help meet an expected shortfall of 130 million litres per day in London by 2025. Traditional drivers for smart water meters have included resource optimisation, as well as enhanced water conservation and reduction of non-revenue water (NRW).īy giving customers more data, in theory, it should reduce how much water they use. In a market poised for growth to $5.12 billion by 2026, smart water metering companies are addressing how existing technologies can be tweaked, improved and advanced to stand out in a competitive market. Smart water meter market size and drivers
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