Top IoT news ⊷ Internet of Things news

MS IoT Webinar Series

Global Water Metering Market $6.6 Billion Per Year By 2025

Global Water Metering Market $6.6 Billion Per Year By 2025

Smart meter penetration reaches 22% by 2025 to reduce the 29% of water “lost”.

Water is an increasingly scarce resource that must be delivered efficiently by utilities to end-use customers. Aging water infrastructure across the world is in need of significant modernization. A critical component of this infrastructure is water metering, which will see investment grow from $2.8 billion per year in 2015 to $6.6 billion in 2025, according to a new dataset published today by Northeast Group, LLC.

“There are nearly 1.4 billion water meters globally and this is set to grow to almost 1.8 billion in 2025,” according to Ben Gardner, president of Northeast Group.
“Legacy meters are being replaced with communicating meters that can make water infrastructure ‘smart’ and therefore more efficient. This is an example of the emerging ‘Internet of Things’ being applied on a large scale in critical infrastructure.”

A key challenge in water delivery is the high rate of “non-revenue water” (NRW) across the world. Globally, 29% of water is lost to undetected leaks in water infrastructure, failure to accurately meter usage and in some cases theft. In several countries, NRW rates exceed 50%. Smart metering, or advanced metering infrastructure (AMI), is a very effective tool for reducing NRW.

Gardner added:

“Metering is critical for conservation efforts, and AMI meters with two-way communications are crucial for leak detection. By 2025, nearly half of the annual revenue from water metering will come from the AMI segment.”

Growth rates will vary by region. All regions will have high growth rates for AMI metering, but deployments will be concentrated in North America, Europe, and East Asia for most of the next decade. Overall metering growth rates will be highest in South and Southeast Asia, Africa, and Eurasia, where many households currently do not have access to water or do not have water meters. Annual growth rates in these regions will range from 4% to over 8%.

To order a copy of the dataset, please visit: www.northeast-group.com
Get IoT platforms comparisons from MachNation

Related posts

X