Rapid urbanization is worsening scarcity-stress on India’s water resources
The smart water metering market is forecast to increase at a CAGR of 18.9% to US$180.2 million by 2030, says a report, “Growth Opportunities in Smart Water Metering, India, Forecast to 2030”.
The smart water metering value chain covers smart water meters, network solutions, meter data management (MDM) and customer information system (CIS) billing solutions, customer engagement portal (CEP) and data analytics solutions, and project management (consultants and system integrators), said the report which has been added to ResearchAndMarkets.com’s offering on 25 Oct.
Rapid urbanization is worsening the scarcity and stress on India’s water resources, driving demand for smart water meters to ensure universal water coverage that is economical and environmentally sustainable. India is investing in developing water supply infrastructure to ensure universal coverage through policies and schemes, such as AMRUT 2.0.
The initiative involves providing universal water supply coverage to more than 500 Indian cities. Over the next 5 to 10 years, this scheme will extend to other remaining towns and cities as part of the country’s goal to provide universal water supply to all urban populations.
Water supply projects are being clubbed with water metering to ensure equitable water supply, cost recovery for services provided, accurate billing, and holistically reduce non-revenue water losses.
The analysis forecasts smart water meter unit shipments and the revenues associated with smart water metering solutions in India. The total revenue is derived by considering the unit price (typically offered to a utility by the solution provider) of hardware and software solutions involved in the smart water metering value chain. The report only covers smart water meters used for metering water consumption by domestic and non-domestic (commercial and industrial) end customers. Fiinews.com
