April 04, 2018
WELLESLEY, Mass., April 04, 2018–Global development of the water infrastructure industry and efforts to reduce the amount of non-revenue water are driving growth and change in the global water industry, according to a report by BCC Research. Particular focus of the market is being cast on efforts to detect leaks and waterline breaks.
The industry is expected to see a compound annual growth rate (CAGR) of 5.3% through 2022, when it could be worth $5.1 billion, according to the report Water Meters, Water Quality Sensors and Water Leak Detection: Global Markets.
A global need for water conservation is also helping to drive the market, particularly as groundwater supplies are being exhausted and water providers are pushing conservation. Advanced meter infrastructure is the backbone of meter reading technologies.
Major players in the North American market include Aclara Technologies, Agilent Technologies, Badger Meters, Danaher, Datamatic, Dorlen Products, Geotech Environmental Equipment, Honeywell International, In-Situ, Itron, Leaktronics, Master Meter, Mueller Water Products, Neptune Technology, Perma-Pipe, Pure Technologies, QMI Manufacturing, Thermo Fisher Scientific, Water Guard and Xylem.
“The water meter market is expected to grow throughout the forecast period due to the increasing demand for smart water infrastructure and smart water networks, strict government regulations for the proper utilization of non-revenue water, growth in demand for automated metering infrastructure, the evolution of smart water grids and increasing demand for the IoT,” said BCC Research analyst and report author Aneesh Kumar. “Increased demand for water meters from the agricultural sector, substantial investment in communications technologies for the management of infrastructure, and increasing demand for connected homes and smart cities will increase the usage of water and these trends will drive the market for water meters throughout the forecast period.”
With Many Water Sources Polluted, Water Metering Focus Turns to Monitoring
Many regions of the world are experiencing the effects of pollution, which threatens human health and fresh water supplies. The Asia-Pacific region is particularly affected by water pollution, and the growth of industrial activities and manufacturing further threatens fresh water supplies. The Asia-Pacific region is expecting corresponding growth in the water mater market for advanced meter reading, with a CAGR through 2022 of 6.8% and a value of $867 million.
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Water Meters, Water Quality Sensors and Water Leak Detection: Global Markets( ENV039A )
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