Dallas, Texas (PRWEB) May 09, 2015
The report, Global Smart Water Meter Market 2015-2019 covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Previously, AMR technology was used by water utilities to collect data remotely from water meters via wireless communication systems. This communication system was one-way in nature. However, advances in smart water meters, coupled with the emergence of AMI-enabled communication, which enables two-way feedback, is encouraging more vendors to adopt the technology. Such two-way communication, indeed, allows for the real-time monitoring and control of water consumption. AMIs also encompass a wide range of metering devices, software processes, communication media, and data-management systems. As a result, around the world, many AMR meters are now being replaced by AMI-compatible smart water meters.
Complete report spreads across 76 pages and provides 28 List Of Exhibits. Read the report at http://www.rnrmarketresearch.com/global-smart-water-meter-market-2015-2019-market-report.html.
The analysts forecast, global smart water meter market to grow at a CAGR of 14.68% over the period 2014-2019. According to the report, many countries worldwide are facing water scarcity because of an increase in water loss as a result of leakages or the illegal tapping of water pipelines. For instance, the aging water storage infrastructure in the United States has resulted in leakages that lead to water wastage. Around seven billion gallons of water are wasted annually in the US because of water main leakages.
The report recognizes the following companies as the key players in Global Smart Water Meter Market 2015-2019: Badger Meter, Elster Group, Itron and Sensus USA
Other Prominent Vendors in the market are: Aclara Technologies, Aquiba, Homerider Systems, i2O Water, Kamstrup, Mueller Systems, Neptune Technology Group, Schneider Electric and Sentec
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Further, the report states that the high installation cost of smart water meters is preventing water utilities and other organizations from adopting smart meter technology.
While the analysts of report Global Smart Energy Meter Market 2015-2019 forecast the Global Smart Energy Meter market to grow at a CAGR of 8.1% over the period 2014-2019. The report recognizes the following companies as the key players in the Global Smart Energy Meter Market: Echelon Corp., GE Energy, Itron Inc., Landis+Gyr, Sensus USA Inc.
Other Prominent Vendors in the market are: Elster Group, Kamstrup, Siemens Energy and Trilliant.
Increased support from regulatory authorities worldwide is expected to boost the growth of the market significantly. Regulatory authorities in various countries such as the US and Canada have developed various regulations to promote the adoption of smart energy meters. This will increase the investment of new and existing players in the Smart Energy Meter industry.
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According to the report, installation of smart energy meters helps eliminate manual billing errors, which are commonly found in normal electric meters. Smart energy meters are automated, and thus leave no room for manual errors. Consequently, increased usage of smart energy meters will drive the growth of the Global Smart Energy Meter market in the future.
Further, the report states that some issues related to data management and meter replacement are hampering the sustained growth of the market. Smart meters can generate huge volumes of data. The task of managing these data can be highly cumbersome.
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