This report provides Transforma Insights’ view on the Water Smart Meter IoT market. The transition from traditional water meters to smart water meters is a global IoT initiative for water conservation and hygiene. By 2030 there will be 700 million smart water meters deployed.
The key driver behind the increase in installations is water scarcity due to increasing consumption, water losses, and leakage. Other reasons include the ability to monitor and diagnose domestic, commercial, and industrial water consumption patterns as well as track costs with respect to resource utilisation.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption, including a detailed assessment of the progress of rollouts, and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used (including splits by 2G, 3G, 4G, 5G, LPWA, short range, satellite and others), as well as the revenue split between module, value-added connectivity and services. A full set of forecast data, including country-level forecasts, sector break-downs and public/private network splits, is available through the IoT Forecast tool.