As per the report titled ‘UK Smart Water Meter Market Forecast 2027 By Product, By Application, By Technology, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, UK smart meter market is anticipated to record a healthy growth rate through 2027.
 

As per the report findings, stringent government measures to monitor and control to non-revenue water (NRW) rate serve as a major growth propeller for UK smart water meter market. For instance, The AMP6, AMP7, and AMP8 water resource programs by the government aimed to deploy smart water meters to over 90% of customers by 2020.

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Escalating demand for advanced public infrastructure together with rising emphasis on smart cities is anticipated to further push the market forward. Besides, integration of advanced technologies like IoT that enable remote reading and the ability to accurately measure water consumption across homes, buildings, and utilities are stimulating product demand.

With respect to product type, UK smart water meter industry is bifurcated into hot water meter and cold water meter. The latter segment is anticipated to garner strong demand in the ensuing years, creditable to the rising demand for efficient water conservation and management solutions in residential and commercial areas where water is supplied at considerably lower temperatures than those in industrial sites.

In terms of application scope, the residential segment is experiencing an upward growth trend, mainly due to rising consumer awareness and government investments in advanced water supply infrastructure development.

Considering technology, the market is split into AMI (advanced metering infrastructure) and AMR (automated meter reading). The AMI segment is predicted to secure a major part of the industry share by 2027. Real-time data on water consumption, reduced labor costs, and reliable & accurate meters readings are the key benefits favoring the use of this technology. Further, smart water meters employing this technology exhibit a longer battery life and better process optimization.

Ningbo Water Meter Co. Ltd., Bmeters S.r.l, Zenner International GmbH & Co. KG, Arad Group, Sensus (Xylem Inc.), Sontex S.A., Itron Inc., Kamstrup, Honeywell International Inc., Landis+Gyr, Badger Meter Inc., Siemens AG, Apator SA, and Diehl Stiftung & Co. KG are the major players influencing U.K. smart water meter market trends.