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UK Smart Water Metering Market revenue to rise substantially through 2027
Published Date: 2021-11-19
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UK Smart Water Metering Market size is anticipated to witness healthy growth between 2021 and, according to a latest forecast report by Graphical Research.
The market growth is owing to the growing demand for real-time and efficient monitoring of water consumption along with the increase in smart metering technologies. The smart water meter measures water input & consumption while using wireless communication technique and an IoT compatible platform, allowing remote connection to the distribution network and utilities. In addition, government regulations and mandates to reduce Non-Revenue Water (NRW) losses along with the rising demand for efficient water management solutions will fuel the industry outlook.
COVID- 19 has affected the smart water metering industry in UK attributed to slight decline in the installation & deployment of metering units. However, in the second quarter of 2020, the government introduced standards & initiatives for smart water meter roll outs across the country to meet the smart city objective which has further propelled the industry.
Ongoing restructuring of water distribution networks & systems along with increasing water scarcity, remote monitoring, and rapid integration of cybersecurity mechanisms to ensure secure & reliable consumption will boost technology implementation across commercial establishments. In addition, growing investments in development of advanced metering infrastructure as well as increasing focus on achieving the smart city objective in the UK will boost the market demand. Growing consumer awareness about smart meter installation combined with accurate consumption invoicing will further propel business dynamics.
Browse detailed statistical insights from the report, “UK Smart Water Meter Market Forecast 2027 By Product (Hot Water Meter, Cold Water Meter), By Application (Residential, Commercial, Utility), By Technology (AMI, AMR), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The AMR smart water metering market is poised to grow at a significant CAGR till 2027 due to low installation and maintenance costs, ease of availability, and efficient design. Precise sensing technology, real-time monitoring of data consumption, and IoT-base applications will further accelerate the adoption of AMR technology. For instance, in 2021, Diehl introduced Hydrus 2.0, which is its first ultrasonic bulk meter. It integrates ultrasonic measurement technique with lifetime accuracy as well as cutting edge technology. Hydrus 2.0 will offer the utilities with lower cost, reliable billing, and up to sixteen years of battery life.
The UK smart hot water metering market will gain remarkable momentum during the forecast timeline on account of operational efficiency during extreme weather conditions. Flexible product configuration, leak detection, sustainable billing, and overconsumption alerts will further stimulate the market growth. Furthermore, increasing hot water storage systems across the country will boost product deployment. In addition, rapid rates for water consumption coupled with focus on digitization of the water metering network will positively influence the industry landscape.
The UK smart water metering market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
UK Market, By Technology
UK Market, By Application
UK Market, By Product
- Smart Hot Water Meter
- Smart Cold Water Meter
The above information has been provided for the following countries: