This study consisted of four major phases in estimating the current size of the smart water meters market. Extensive secondary research was done to extract information from the market, peer markets, and parent markets. The next stage was the validation of these data from secondary findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were incorporated in estimating the entire size of the market. Then, the market break-down and data triangulation were done for estimating the market size of the segments and sub-segments.
Secondary Research
The research study on smart water meters market included maximum utilization-or-indirect utilization-of directories, databases, and secondary sources, including Hoovers, Bloomberg, Businessweek, UN Comtrade Database, Factiva, International Energy Agency, International Monetary Fund, United Nations Conference on Trade and Development, US Energy Information Administration, European Commission, US Energy Information Administration, Smart Energy International, among others, to identify and gather relevant information helpful for preparing the technical, market-oriented and commercial study. Other secondary sources included white papers, articles by renowned authors, annual reports, press releases & investor presentations of companies, recognized publications, manufacturer associations, trade directories, and databases.
Primary Research
Amidst primary sources mentioned are various industry experts from core and allied industries, smart meter providers, IoT, cloud-based solution providers, and utility provider in all segments of these industries' value chain. Several primary sources on both the supply side and demand sides of this market had been interviewed to gather qualitative and quantitative information. In the canvassing of primaries, several departments within organizations namely sales, engineering, operations, and managers were covered in order to provide an all-sided viewpoint in our report The primary respondents' breakdown is provided.
In the complete market engineering process, the top-down and bottom-up approaches and several data triangulation methods were extensively used to perform the market size estimations and forecasts for all segments and subsegments listed in this report. Extensive qualitative and quantitative analyses were conducted to complete the market engineering process and list key information/insights throughout the report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Multiple approaches were adopted for estimating and forecasting the web content management market. The first approach involves estimating the market size by companies’ revenue generated through the sale of WCM products.
Market Size Estimation Methodology- Top-down approach
Both the top-down and bottom-up approaches were used to estimate and validate the size of the smart water meters market and its dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was obtained through primary and secondary research. The research methodology includes the study of the annual and financial reports of top market players and interviews with industry experts, such as chief executive officers, vice presidents, directors, sales managers, and marketing executives, for key quantitative and qualitative insights related to the smart water meters market.
Smart Water Meters Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and sub-segments. Data triangulation and market breakdown procedures have been used wherever applicable to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has been validated using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources—the top-down approach, the bottom-up approach, and expert interviews. When the values arrived at from the three points matched, the data was assumed to be correct.
Market Definition
Smart water meters are devices that monitor and transmit water usage data between consumers and providers, enabling efficient water management and accurate billing. These meters are equipped with an electronic computing unit (ECU), which facilitates easier communication between the meter and the supplier. Smart meters detect and track water consumption more precisely than traditional mechanical water meters through ultrasonic or electromagnetic sensors. Although advanced water meters can be manufactured with conventional metals like brass or copper, many OEMs rely on specialty polymers for water management systems to replace metals and promote the use of lightweight material and increased durability.
Stakeholders
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Government and research organizations
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Institutional investors and investment banks
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Investors/shareholders
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Environmental research institutes
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Consulting companies in energy & power sector
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Raw materials and component manufacturers
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Manufacturers’ associations
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Manufacturing industry
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Energy efficiency consultancies
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Original equipment manufacturers (OEMs) and system integrators
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Engineering, procurement, and construction (EPC) contractors
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Standardization and testing firms
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Meter data management software providers
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Meter manufacturing companies
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Water-intensive industries
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Water utilities
Report Objectives
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To define, describe, analyze, and forecast the size of the smart water meter market, by meter type, technology, component, and application, in terms of value
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To forecast the market size for five major regions?North America, Europe, Asia Pacific, South America, Middle East & Africa?along with their key countries
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To forecast the smart water meter market, by region, in terms of volume
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To provide detailed information about the major drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the smart water meter market
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To provide detailed information on the market map, value chain, case studies, technologies, market ecosystem, tariff & regulatory landscape, Porter’s Five Forces, and trends/disruptions impacting customers’ businesses that are specific to the smart water meter market
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To analyze market opportunities for stakeholders in the smart water meter market and draw a competitive landscape for market players
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To benchmark players within the market using the company evaluation matrix, which analyzes market players on various parameters within the broad categories of business excellence and strength of product portfolio
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To compare key market players with respect to market share, product specifications, and end users
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To strategically analyze micromarkets1 with regard to individual growth trends, prospects, and contributions to the total market
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To strategically profile the key players and comprehensively analyze their market share and core competencies2
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To analyze competitive developments in the smart water meter market, such as expansions, product launches, and acquisitions
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To study the impact of AI/gen AI on the market under study, along with the macroeconomic outlook for each region.
Note: 1. Core competencies of companies are captured in terms of their key developments and product portfolios, as well as key strategies adopted to sustain their position in the smart water meters market.
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the report:
Product Analysis
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Product matrix, which gives a detailed comparison of the product portfolio of each company
Geographic Analysis as per Feasibility
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Further breakdown of the smart water meters market, by country
Company Information
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Detailed analysis and profiling of additional market players (up to five)
HIGHEST CAGR MARKET (2024–2030)
GERMANY TO BE FASTEST-GROWING MARKET IN REGION
Growth opportunities and latent adjacency in Smart Water Meters Market