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#News(General) [ via IoTForIndiaGroup ] #Report
Factors such as increasing focus towards reducing non-revenue water, retrofitting of aging water infrastructure, and the need for accurate billing are driving the market globally. Water utilities that cover residential, commercial, and agricultural applications are the largest end-users of smart water metering, followed by industries. The meters & accessories segment is the largest market for smart water metering, on the basis of component, followed by IT solution and communication.
In North America, the growth of the smart water metering market can be attributed to focus on water monitoring & prevention of water leakage and the repair & upgrade of aging water infrastructure. In the Asia-Pacific region, drive towards reducing water leakage, preventing water theft, minimizing inaccurate metering, and managing growing water scarcity will positively impact the smart water metering market. Several smart water meter rollouts are taking place in countries such as the U.K., Germany, and France, which would drive growth in the European region.
However, the market is expected to be more competitive in the coming years, given the presence of prominent regional players. Itron Inc. (U.S.), Elster Group GmbH (Germany), Sensus (U.S.), Landis+Gyr (Switzerland), and Kamstrup A/S (Denmark) are the leading players in the smart water metering market. Aclara Technologies LLC (U.S.), Badger Meter, Inc. (U.S.), Datamatic, Inc. (U.S.), Diehl Metering GmbH (Germany), Neptune Technology Group Inc. (U.S.), B METERS s.r.l. (Italy), Arad Ltd. (Israel), and Arqiva Ltd. (U.K.) are some of the other important players.
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