Global Investment in Smart Water Meters to Reach $4.2 Billion by 2016

February 21, 2011

During the past century, demand for water has increased by more than twice the rate of population growth, driven largely by agricultural use.  In the face of continuing growth in water demand and a large percentage of “non-revenue water” in the distribution system, water utilities are increasingly turning to smart water infrastructure technologies as a means of improving the efficiency of their operations.  Advanced sensor networks and automation systems will enable more accurate leak detection throughout the water distribution system, and one the most important strategies for utilities will be the installation of smart water meters at the customer premise.

According to a recent report from Pike Research, cumulative global investment in smart water meters will total $4.2 billion during the years from 2010 to 2016, with annual market revenues reaching $856 million by the end of the period, a 110% increase over 2010 levels.  By 2016, the cleantech market intelligence firm forecasts that the worldwide installed base of smart water meters will reach 31.8 million units, up from 8.0 million in 2010.

“Water metering alone has a powerful conservation impact,” says research analyst Jevan Fox.  “Studies show that using water meters to bill customers based on their actual consumption cuts water use by 15% or more. When water suppliers add meter reading automation to the mix, the conservation impact is even more significant.”

Fox adds that numerous factors pose challenges to the wider adoption of advanced metering infrastructure (AMI) for water.  The water utility market is highly fragmented in many parts of the world.   Infrequent meter reading limits the cost savings of automation.  Labor issues can further limit the acceptance of automated meter reading.  Technology issues range from limited bandwidth for wireless communication to a lack of global technological standards.  Despite these challenges, however, Pike Research anticipates that the benefits of AMI will drive strong demand from water utilities worldwide.

Pike Research’s report, “Smart Water Meters”, examines the worldwide market for smart water metering, including an in-depth analysis of market drivers and barriers, technology issues, and key industry dynamics.  Case studies are provided for major smart meter water deployments, and key industry players are profiled, including an analysis of their relative strengths and weaknesses.  The report includes detailed market segmentation and forecasts through 2016.  An Executive Summary of the report is available for free download on the firm’s website.

Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets.  The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings sectors.  For more information, visit www.navigantresearch.com or call +1.303.997.4619.

 

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
The Market for Communications Subscription Services and Equipment for Upstream Oil & Gas Is Expected to Total Nearly $2.3 Billion in 2025
Exploration and production firms are expected to make more upfront capital investments in privately owned solutions • A recent report from Navigant Research examines communications infrastructure and services for digital oilfield…
Read More »
Navigant Predicts a $1.3 Trillion Market Opportunity Across the Energy Cloud Ecosystem by 2030
A more agile strategic planning approach is needed to help utilities navigate disruption and position for long-term success • CHICAGO – August 25, 2016 – Today, Navigant released Navigating the Energy Transformation, the…
Read More »
Light Duty Plug-in Electric Vehicles Are Expected to Make Up Half of the Global Electric Vehicle Market by 2024
Major automakers are developing plug-in electric vehicles with cost points under $40,000 and increasing drive ranges • A recent report from Navigant Research details the global market for light duty vehicles,…
Read More »
Building Energy Management System Revenue Is Expected to Total Nearly $55 Billion from 2015 to 2024
The transition to the Energy Cloud will redefine the relationship between buildings and energy • A recent report from Navigant Research examines the major trends and market issues expected…
Read More »
View All News

{"userID":"","pageName":"Global Investment in Smart Water Meters to Reach $4.2 Billion by 2016","path":"\/newsroom\/global-investment-in-smart-water-meters-to-reach-4-2-billion-by-2016","date":"8\/27\/2016"}