The surging water crisis furthermore lifts the interest for a sensible plan towards water administration. Water utilities are the genuine consumers of these water meters and it is predicted to lead the market in the midst of the gauge time frame. This is a result of their necessity of channelizing the conveyance methods of considerable measure of water.
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The water companies in the U.K. have been experiencing losses of around 27% of the treated water due to inaccurate water network. This is driving them to replace their traditional water meters with the smart water meters. Thames Water Utilities in the U.K. has been aggressively investing in these meters.
The interest for advanced metering infrastructure (AMI) has been developing at a steady pace and is expected to encourage further growth opportunities to the smart water meter market . Most of this demand is expected to originate from water utilities as they have larger budgets as compared to the industrial and residential consumers.
The Keystone Utility Systems, through a contract with Sammamish Plateau Water in the U.S., was supposed to install around 18,000 smart water meters in the country by late 2016. Based on information from Smart Water Summit, around 80% of water utilities in the U.S. have included the up-gradation and repairs of their water infrastructure in their capital plans.
Owing to an average number of smart water meter manufacturers, the intensity of rivalry is medium. Since, the worldwide smart water meter market opens growth opportunities in future, it is expected that manufacturers will make new investments and launch advanced smart water meters, thus creating high intensity of rivalry. Most of these meter companies operate globally, which further increases the level of rivalry in the market.
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Some of the key players operating in this market include Badger Meter, Itron, Landis+Gyr, Elster Group, Kamstrup, Aclara Technologies, Sensus, Neptune, Diehl and Acquiba.
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