Wake-up time? Smart water market posts larger-than-expected growth
By: SGN Staff
Quick Take: Huge chunks of the world are experiencing severe water stress, with even worse problems on the horizon. So why aren't more communities taking the obvious course of installing a smart water network to spot leaks and help customers control their usage? The answer to that question is too long for this space, but at least we are seeing some small signs that things are changing for the better, as you will read below.
I thought smart energy would take off about five years before it really did so. It just seemed so obvious. I thought smart water would accelerate about five years ago. It just seemed so obvious. Maybe I can make a living as a market forecaster by taking the logical prediction and adding five more years for the emotional and policy issues that inevitably slow things down. - By Jesse Berst
Global Water Meter Market Posts Larger Growth Than Initially Projected
Austin, Texas (Sept. 5, 2013)â€”The global market for water meters enjoyed greater revenue growth than expected last year, thanks to a move toward the use of high-value products, according to a newly released report entitled â€œThe World Market for Water Metersâ€ from IHS Inc. (NYSE: IHS), a leading global source of critical information and insight.
Worldwide revenue for water meters rose 7 percent in 2012, the first time in several years that revenue expansion has outpaced unit growth, and also stronger than earlier projections had suggested. Increased investment in high-value water metering products was responsible for the unexpectedly high growth. The shift was evident in particular toward products such as static measurement technology and advanced metering solutions, mainly occurring in the developed economies. The trend is expected to continue in North America and the collective Europe-Middle East-Africa (EMEA) region during the next several years, IHS believes.
In North America alone, domestic static meter shipments more than doubled last year and are now estimated to account for roughly 11 percent of all domestic meters that were shipped. Every major vendor supplying water meters to this region offers a static measurement option with two suppliers, Kamstrup and Elster, providing static technology as their only water meter portfolio choice. In addition to a drastic uptake of static technology, large volumes of communicating meters were shipped in 2012, accounting for an estimated 65 percent of total regional shipments. This is estimated to grow to almost a 90 percent share in 2017.