WASHINGTON, May 23, 2016 /PRNewswire/ -- Water infrastructure across the world is in need of major upgrades to improve its efficiency. Globally, nearly one-third of water delivered by utilities is lost due to leakage, failure to accurately meter usage and theft. Modernizing water infrastructure with advanced meters, communications and software can reduce this unsustainable amount of lost water. Investment in water metering is projected to grow from $3.7 billion per year in 2016 to $7.5bn per year in 2026, according to new research published today by Northeast Group, LLC.
"Smart water metering is a few years behind smart electricity metering, but is now catching up across the world," according to Ben Gardner, President of Northeast Group. "For example, in the US some water utilities are now beginning to collaborate with electric utilities to share metering communications infrastructure. Also, in Europe several countries–notably France, Spain and the UK– have large smart water metering projects underway. Further afield, in Australia the state of Victoria is now planning a full smart water meter rollout, having already completed its electricity smart meter deployments. Lastly, Middle Eastern and other countries are deploying smart water meters to help better manage water scarcity issues."
A key challenge in water delivery is the high rate of "non-revenue water" (NRW) among utilities across the world. Globally, 28% 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%. NRW can be reduced through smart metering, in particular through advanced metering infrastructure (AMI), or two-way communicating water meters.
Several international vendors are competing for this sizable market. Leading vendors include Aclara, Apator, Arad Group, Badger Meter, Diehl, Itron, Elster, Kamstrup, Mueller, Neptune, Sensus, Silver Spring Networks, Zenner and others. Badger Meter recently announced it was exploring a sale of the company.
Northeast Group's Global Water Metering Market Dataset (2016-2026) includes more than 30,000 data points. The research deliverables include an Excel file and a 34-slide executive summary presentation in PowerPoint. There are 125 individual countries covered in detail. To order a copy of the dataset, please visit: www.northeast-group.com
ABOUT: Northeast Group, LLC is a Washington, DC-based smart infrastructure market intelligence firm.
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SOURCE Northeast Group, LLC