United States Smart Water Meter Market Forecast 2022-2028

United States Smart Water Meter Market Forecast 2022-2028

KEY FINDINGS

The United States smart water meter market is expected to register a CAGR of 7.83% during the forecast period, 2022-2028. The increasing metering infrastructure installation projects and the rising investments for enhanced utilization and efficiency are among the major growth drivers.

MARKET INSIGHTS

In 2018, electric utilities installed 86.8 million smart metering infrastructure (AMI) in the United States. Of this, 88% of the AMI installations were residential. AMI encompasses meters that record and measure electricity usage at hourly intervals, providing data to both utility consumers and utility once a day. At the same time, AMI can transmit and record instantaneous data.

Furthermore, several factors contribute to the decision against installing smart meters. Smart meters release electromagnetic waves that can impact health and thereby raise health concerns. However, the emitted radiations of smart meters are the same as that of a cell phone, according to the American Cancer Society. Besides, there is also the possibility of less exposure than a cell phone or any other smart device used in homes since most smart meters are installed outside the home. Nevertheless, the United States smart water meter market growth is directed by the quick implementation and the growing adoption of smart meters.

COMPETITIVE INSIGHTS

Some of the leading companies in the market include Datamatic Inc, Itron Inc, Master Meter Inc (Acquired by Arad Ltd), Sensus USA Inc (Acquired by Xylem), Badger Meter Inc, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments