Smart Water Metering Market

Market Leaders - Smart Water Metering Market

The smart water metering market is expected to grow from an estimated USD 5.9 billion in 2019 to USD 9.6 billion by 2024, at a CAGR of 10.3% during the forecast period. Rising investments in the automation technology by water utilities for reducing nonrevenue water are likely to drive the market during the forecast period.

A few major players that have a wide regional presence dominate the smart water metering market. The leading players in the market include Arad Group (Israel), Badger Meter (US), Diehl (Germany), Kamstrup (Denmark), and Itron (US).

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The major strategies adopted by these players include new product launches, investments & expansions, mergers & acquisitions, joint ventures, partnerships & collaborations, and contracts & agreements. Contracts & agreements was the most commonly adopted strategy from January 2016 to June 2019. The industry players also adopted mergers & acquisitions and investments & expansions as their major strategies during that period.

Badger Meter (US), established in 1905, is one of the leading suppliers of smart metering solutions for water consumption. The company operates its business through its 2 major business divisions—municipal water and flow instrumentation. It manufactures products related to flow measurement and control technologies, serving water utilities, municipalities, residential, and commercial and industrial customers worldwide and offers the products under various brands such as Recordall, Hedland, Dynasonics, Blancett, and Research Control. The municipal water business segment is further subsegmented into manually read meters and remotely read meters via radio technology. In this segment, the company offers complete water metering solutions, including mechanical or static (ultrasonic) water meters along with the related radio and software technologies and services. The segment accounted for a 77.2% share of the company’s total revenue in 2018. It manufactures products used in water-related applications for residential and commercial purposes. Badger Meter has a strong presence in North America, Asia, Europe, and the Middle East. North America is the largest regional market for the company’s municipal water products. The company has manufacturing facilities in Neuffen, Germany; Nogales, Mexico; Brno, Czech Republic; and Bern, Switzerland and a development facility in Lulea, Sweden. It exports products from the US, which are manufactured in Milwaukee, Wisconsin; Racine, Wisconsin; and Tulsa, Oklahoma.

Kamstrup (Denmark) was founded in 1946 and is an industrial supplier of intelligent metering solutions for energy and water consumption. The principal business activities of the company are production, sales, and installation of smart energy and water meters, relating reading systems and data analysis tools and services. Its business segments are systems & services and components. The company offers solutions for water, heat, cooling, electricity, and submetering. Kamstrup offers a complete solution portfolio of water metering that includes ultrasonic water meters, high-performing remote reading solutions, advanced monitoring of pressure and leakages as well as intelligent data analytics. The end-consumers of Kamstrup’s smart meters are utilities, commercial, and residential. The company also specializes in providing Advanced Metering Infrastructure (AMI) solution, which is effective for remote reading of smart water meters. It can be used for both drive-by meter reading (AMR) or remote reading via a radio network without leaving the utility (AMI). It also provides a solution-ready drive-by meter reading for fast and simple remote reading of water meters. Kamstrup has a global presence in all major regions across more than 65 countries. The company’s mission is to offer innovative metering solutions with its registered trademarks, some of which are MULTICAL, ULTRAFLOW, flowIQ, OMNIA, and UtiliDriver.

Related Reports:

Smart Water Metering Market by Meter Type (Eelctromagnetic, Ultrasonic, Mechanical), Technology (AMI, AMR), Component (Meters & Accessories, IT Solutions, Communications), Application (Water Utilities, Industries), and Region - Global Forecast to 2024

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Report Code
EP 4266
RI Published ON
8/2/2019
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