| Smart Water Meters, which has been launched | | | | climate change awareness and interest from leading |
| recently in the market, help in identifying and | | | | IT players in promoting water management are |
| reporting the water consumption data at various | | | | driving the market. Although, at present, the Smart |
| levels. The information captured is transferred to a | | | | Water Meters market trails behind the market of |
| computer based system through wireless | | | | Smart Energy Meters, it is forecast to gain significant |
| communication. Thus, the information can be used for | | | | growth rates by the end of 2010 and 2011. |
| efficient water planning (water restrictions), | | | | However, there are factors such as high cost, return |
| distributing water usage in peak times (off-peak, | | | | on investment, availability of infrastructure and low |
| peak), capacity planning, use/time based costing | | | | awareness about water shortage problems among |
| (smart tariffs), and better operations management. | | | | consumers that are inhibiting the growth of the |
| The benefits of implementing Smart Water Meters to | | | | Smart Water Meter market. |
| both the user and utility providers are tremendous. It | | | | The report by TechNavio Insights forecasts the size |
| facilitates faster and more efficient meter reading, | | | | of the global smart water meters market over the |
| theft detection, leaks, remote monitoring, etc, for | | | | period 2008-2012. It segments the market into three |
| the provider. The consumers benefit from knowing | | | | geographic regions: Americas, APAC and EMEA, |
| the usage patterns, low off peak costs, detecting of | | | | representing the market size and forecast for each |
| household leaks, etc. | | | | of these regions. Further, it discusses the key market |
| The market for Smart Water Meters is gaining | | | | trends, drivers and challenges of the global smart |
| ground with many governments encouraging its | | | | water meters market and profiles some of the key |
| usage. Further, popularity of Smart Energy Meters, | | | | vendors of this industry. |