Global Smart Water Meters Market 2011-2015

TechNavio¡¯s analysts forecast the Global Smart Water Meter market to grow at a CAGR of 15 percent over the period 2011¨C2015. One of the key factors contributing to this market growth is the increase in government plans to control water usage. The Global Smart Water Meter market has also been witnessing advancements in smart water meter technology. However, high costs could pose a challenge to the growth of this market.

TechNavio¡¯s report, the Global Smart Water Meter Market 2011¨C2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it discusses the Global Smart Water Meter Market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Commenting on the report, an analyst from TechNavio¡¯s Clean Tech team said, ¡°The increase in regulations imposed by various governments across the globe is one of the significant factors that is driving the Global Smart Water Meters market. For instance, the water management action plan (waterMAP) in Victoria, Australia is a program that has been launched to monitor and control water consumption in a particular area. According to the program, all non-residential establishments in this locality that consume more than 10 million liters of water a year should develop a waterMAP to reduce their consumption.¡±

According to the report, significant advancements in smart water meter technology is one of the major trends contributing to the growth of the Global Smart Water Meters market. Earlier, AMR technology was used for water meter technology, which enabled water utilities to collect data remotely from water meters by using wireless communication systems but not vice versa. However, further progress in smart water meter technology such as AMI, which enables communication from both ends, has led the majority of smart water meter vendors incorporating this latest technology.

The report also reveals that one of the major challenges in this market is the complexity of data management.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.

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