NORTH AMERICA SMART WATER METER MARKET 2022-2028

Energy, Power & Utilities | Utilities

NORTH AMERICA SMART WATER METER MARKET 2022-2028

Market by Technology, End-user, and Country Outlook | Forecast 2022-2028

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Triton Market Research, in its report, has concluded that the smart water meter market in North America is likely to grow with a CAGR of 6.84% in the estimated period 2022-2028.


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The countries evaluated in this region include:

•         The United States

•         Canada

Canada is expected to witness the fastest growth in this region. In North America, the development of smart cities, the need to comply with stringent government norms, and the development of water infrastructure are driving the studied market. Here, water utilities as well as regulatory authorities proactively encourage adopting smart technology solutions to streamline operations.

Water management solutions, such as AMR and AMI water meters, integrated with ICT are adopted by utilities to manage distribution networks and assets. Moreover, utilities have shown a keen interest in creating awareness about environmental conservation and rational use of resources.

The Washington Municipal Utilities (WMU) completed its advanced metering infrastructure installation project in Indiana, which it began in 2010. According to estimates, the WMU saved more than $4.5 million by replacing nearly 12,700 electric & water meters with smart meters. In addition, companies in the country are regularly investing in the manufacture of smart water meters, to meet the rising demand for these products. Such developments are driving the smart water market growth in the US.

In December 2017, the Public Utilities Commission in Ontario, Canada, assigned the project to upgrade its analog meters with smart water meters to Neptune Technology. The municipality is also working to implement its $10 million project to replace the 36,000 analog meters with smart water meters. Further, in 2019, Sadbury’s city council announced allotting a fund of $ 17 million for staff to replace 48,000 meter units with automated metering infrastructure.

The automatic meter reading (AMR) segment is expected to grow steadily over the forecast period. In an analog meter, usually, the device must be accessible to manually collect the data. A typical AMR system comprises three basic components: a meter with a radio transmitter, a data collector, and a data repository system that interfaces with a billing system. Utilities are working on replacing traditional analog meters with these AMR meters that transmit data remotely to a walk-by handheld device or a drive-by vehicle.

The report assesses the market based on technology and end-user. Here, the technology segment comprises automatic meter reading (AMR) and advanced metering infrastructure (AMI).

The notable companies in the smart water meter market include Diehl Stiftung & Co KG, Arad Group, ICSA (India) Limited, Landis+Gyr AG, Datamatic Inc, Master Meter Inc (acquired by Arad Ltd), Aclara Technologies LLC (acquired by Hubbell Incorporated), and Kamstrup AS.

Aclara Technologies LLC is a subsidiary of Hubbell Incorporated. The company offers solutions in six areas, namely, smart meters, AMI software, sensors & controls, implementation services, communication networks, and consumer engagement. It provides a broad range of custom solutions, incorporating fixed-network AMI, and an AMR system controlled by meter data management software. Its product portfolio includes STAR Network AMI system, Metrum Cellular, TWACS technology, and other value-added software solutions. Aclara Technologies provides its services to various public and private companies in the utilities sector, which comprise electric, water, and gas companies. The US-based company is headquartered in Hazelwood, Missouri.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies


     Comprehensive information and estimation of the smart water meter market revenue growth in North America and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


     A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Analysis Model


    A wide-ranging study of factors that will challenge the North America smart water meter market’s growth during the upcoming years

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Table of Content

1. NORTH AMERICA SMART WATER METER MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE SMART WATER METER MARKET

2.2. PARENT MARKET ANALYSIS: SMART METER MARKET

2.3. KEY INSIGHTS

2.3.1. SHRINKING WATER RESOURCES ACROSS THE WORLD

2.3.2. INCREASING FOCUS ON ACCOUNTABILITY OF NON-REVENUE WATER (NRW)

2.3.3. ADVANCED METERING INFRASTRUCTURE (AMI) ANTICIPATED TO PROJECT THE HIGHEST CAGR

2.4. PORTER’S FIVE FORCES ANALYSIS

2.4.1. THREAT OF NEW ENTRANTS

2.4.2. THREAT OF SUBSTITUTES

2.4.3. BARGAINING POWER OF BUYERS

2.4.4. BARGAINING POWER OF SUPPLIERS

2.4.5. THREAT OF COMPETITIVE RIVALRY

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. INDUSTRY COMPONENTS

2.8. KEY STRATEGIC DEVELOPMENTS

2.8.1. MERGERS & ACQUISITIONS

2.8.2. PRODUCT LAUNCHES & DEVELOPMENTS

2.8.3. PARTNERSHIPS & AGREEMENTS

2.9. MARKET DRIVERS

2.9.1. RISING DEMAND FOR SUSTAINABLE WATER SUPPLY ACROSS VARIOUS INDUSTRIES

2.9.2. BENEFITS OFFERED BY SMART WATER METERS

2.10. MARKET CHALLENGES

2.10.1. LIMITED BUDGETS ALLOCATION FOR SMART SYSTEMS

2.10.2. HIGHER COST OF SMART WATER METER INSTALLATION

2.10.3. OPERATIONAL ISSUES

2.11. MARKET OPPORTUNITIES

2.11.1. EVOLVING SUSTAINABLE WATER MANAGEMENT SYSTEMS

2.11.2. SMART CITY PROJECTS IN THE PIPELINE ACROSS THE WORLD

3. NORTH AMERICA SMART WATER METER MARKET OUTLOOK – BY TECHNOLOGY

3.1. AUTOMATIC METER READING (AMR)

3.2. ADVANCED METERING INFRASTRUCTURE (AMI)

4. NORTH AMERICA SMART WATER METER MARKET OUTLOOK – BY END-USER

4.1. RESIDENTIAL

4.2. COMMERCIAL & INDUSTRIAL

5. NORTH AMERICA SMART WATER METER MARKET – COUNTRY OUTLOOK

5.1. UNITED STATES

5.2. CANADA

6. COMPETITIVE LANDSCAPE

6.1. ACLARA TECHNOLOGIES LLC (ACQUIRED BY HUBBELL INCORPORATED)

6.2. ARAD GROUP

6.3. BADGER METER INC

6.4. DATAMATIC INC

6.5. DIEHL STIFTUNG & CO KG

6.6. MASTER METER INC (ACQUIRED BY ARAD LTD)

6.7. MUELLER WATER PRODUCTS INC

6.8. NEPTUNE TECHNOLOGY GROUP INC

6.9. SENSUS (ACQUIRED BY XYLEM)

6.10. ZENNER INTERNATIONAL GMBH & CO KG

6.11. ELSTER GROUP GMBH

6.12. ICSA (INDIA) LIMITED

6.13. ITRON INC

6.14. KAMSTRUP AS

6.15. LANDIS+GYR AG

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: NORTH AMERICA SMART WATER METER MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)    

TABLE 2: VENDOR SCORECARD        

TABLE 3: LIST OF MERGERS & ACQUISITIONS      

TABLE 4: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS    

TABLE 5: LIST OF PARTNERSHIPS & AGREEMENTS       

TABLE 6: 10 COUNTRIES WITH THE HIGHEST % OF THE POPULATION LACKING BASIC ACCESS TO WATER, 2019 

TABLE 7: NUMBER OF PEOPLE NOT HAVING ACCESS TO SAFE WATER IN TOP 10 COUNTRIES, 2017    

TABLE 8: NORTH AMERICA SMART WATER METER MARKET, BY TECHNOLOGY OUTLOOK, 2022-2028 (IN $ MILLION)       

TABLE 9: VARIOUS ADVANTAGES OF AMR SYSTEMS     

TABLE 10: NORTH AMERICA SMART WATER METER MARKET, BY END-USER OUTLOOK, 2022-2028 (IN $ MILLION) 

TABLE 11: NORTH AMERICA SMART WATER METER MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)     

List of Figures

FIGURE 1: PROCESS FLOW OF SMART WATER METERS         

FIGURE 2: MARKET ATTRACTIVENESS INDEX      

FIGURE 3: INDUSTRY COMPONENTS – SMART METERS

FIGURE 4: TYPES OF SMART METERS        

FIGURE 5: NORTH AMERICA SMART WATER METER MARKET, TECHNOLOGY OUTLOOK, 2021 & 2028 (IN %)       

FIGURE 6: NORTH AMERICA SMART WATER METER MARKET, BY AUTOMATIC METER READING (AMR), 2022-2028 (IN $ MILLION)         

FIGURE 7: NORTH AMERICA SMART WATER METER MARKET, BY ADVANCED METERING INFRASTRUCTURE (AMI), 2022-2028 (IN $ MILLION)    

FIGURE 8: NORTH AMERICA SMART WATER METER MARKET, END-USER OUTLOOK, 2021 & 2028 (IN %) 

FIGURE 9: NORTH AMERICA SMART WATER METER MARKET, BY RESIDENTIAL, 2022-2028 (IN $ MILLION)      

FIGURE 10: NORTH AMERICA SMART WATER METER MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $ MILLION) 

FIGURE 11: NORTH AMERICA SMART WATER METER MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)    

FIGURE 12: UNITED STATES SMART WATER METER MARKET 2022-2028 (IN $ MILLION)      

FIGURE 13: CANADA SMART WATER METER MARKET 2022-2028 (IN $ MILLION)     

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