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Smart water meters harness the power of IoT

Smart meters’ ability to reduce non-revenue water losses and improve billing accuracy attracts investments, finds Frost & Sullivan

Water-stressed countries are leading the shift from traditional water meters to smart water meters, even as governments all over the world alter policies to enhance the effectiveness of their water networks and manage consumption levels. Smart water meter installations are expected to grow from 13.8 million units in 2017 to 82.1 million units by 2026; China is the fastest growing market due to its rapid urbanisation, smart city development, and favourable policies. This market demand has opened growth opportunities for Internet of Things (IoT)-enabled smart meters, which, in turn, has energized an entire ecosystem of metering infrastructure.
Frost & Sullivan’s recent analysis, Global Smart Water Meter Market, Forecast to 2026, examines the trends, market drivers and restraints, growth opportunities, revenue and unit shipment forecasts, and competitive analysis of participants in North America, South America, EMEA, Asia-Pacific, and China.

The communication module of smart water meters has undergone rapid technological transformations. There is a steady rise in the demand for IoT-enabled advanced metering infrastructure (AMI) smart water meters due to their multiple capabilities of real-time visualization, leak detection, and machine-to-machine (M2M) communications,” Paul Hudson, senior research analyst, energy & environment, Frost & Sullivan, said. “Utilities are exploring and adopting low-power, wide-area network (LPWAN) cellular communication technologies like long-range (LoRa) and narrowband (NB)-IoT for their efficiency and longer battery life.”

China is well on its way to becoming the single largest market for smart meters by 2019. Huawei, a China-based company, pioneered the implementation of an NB-IoT communication module for smart water metering, while Vodafone led in Europe. North America also is experiencing high demand due to its utilities’ focus on reducing non-revenue water (NRW) losses and adopting smart billing.

“While there are significant opportunities in the global market, the price sensitivity of utilities has led to intense competition among leading players,” Hudson added. “Players that are eager to compete in high-potential markets can test them with pilot-scale projects and regional collaborations. Once they establish a footprint, they can set up manufacturing plants with scalable capacity that can be used to supply other promising markets like India and the Middle East.”

“Utilities are exploring and adopting low-power, wide-area network (LPWAN) cellular communication technologies like long-range (LoRa) and narrowband (NB)-IoT for their efficiency and longer battery life.”

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