LONDON--(BUSINESS WIRE)--Technavio has been monitoring the smart water meter market and it is poised to grow by $ 3.94 bn during 2020-2024, progressing at a CAGR of almost 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
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At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 9.25% and the incremental growth of the market is anticipated to be $ 3.94 bn. -
Who are the top players in the market?
Badger Meter Inc., Honeywell International Inc., Itron Inc., Kamstrup AS, Landis+Gyr AG, Maddalena Spa, Sanchuan Wisdom Technology Co. Ltd., SUEZ SA, Veolia Environnement SA, and Xylem Inc., are some of the major market participants. -
What is the key market driver?
The rise in global water demand is one of the major factors driving the market. -
How big is the North America market?
The North America region will contribute 55% of the market share.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Badger Meter Inc., Honeywell International Inc., Itron Inc., Kamstrup AS, Landis+Gyr AG, Maddalena Spa, Sanchuan Wisdom Technology Co. Ltd., SUEZ SA, Veolia Environnement SA, and Xylem Inc. are some of the major market participants. The rise in global water demand will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Smart Water Meter Market 2020-2024: Segmentation
Smart Water Meter Market is segmented as below:
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Technology
- AMI
- AMR
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Smart Water Meter Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The smart water meter market report covers the following areas:
- Smart Water Meter Market Size
- Smart Water Meter Market Trends
- Smart Water Meter Market Industry Analysis
This study identifies the benefits of using smart water meters as one of the prime reasons driving the smart water meter market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Smart Water Meter Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist smart water meter market growth during the next five years
- Estimation of the smart water meter market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart water meter market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart water meter market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Technology
- Market segments
- Comparison by Technology placement
- AMI - Market size and forecast 2019-2024
- AMR - Market size and forecast 2019-2024
- Market opportunity by Technology
Market Segmentation by End-user
- Market segments
- Comparison by End-user placement
- Residential - Market size and forecast 2019-2024
- Commercial - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Vendor Analysis
Vendors covered
- Market positioning of vendors
- Badger Meter, Inc.
- Honeywell International Inc.
- Itron Inc.
- Kamstrup AS
- Landis+Gyr AG
- Maddalena Spa
- Sanchuan Wisdom Technology Co. Ltd.
- SUEZ SA
- Veolia Environnement SA
- Xylem Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
