WATER METER MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Enforcement of stringent water conservation policies

Shortage of freshwater is already a dire problem in many parts of the world due to factors like rapid population growth, rising urbanization, inefficient usage practices, and impacts of climate change like erratic monsoon patterns and droughts. Facing severe water stress, numerous cities and local governments have introduced legislation that make the installation of meters mandatory for both domestic and non-residential connections. Regulators are also tightening permitted usage limits and levying heavy fines for excessive consumption or wastage. For building owners and property developers, adhering to prescribed consumption benchmarks has become important from the perspective of regulatory compliance as well as obtaining construction permits or occupancy certificates.

Advanced metering infrastructure plays a pivotal role in enforcing water conservation norms and incentivizing efficient use of limited resources. Smart meters with two-way communication and data analytics capabilities provide actionable insights into consumption patterns right down to the appliance-level. Any anomalies or unusually high usage is immediately detectable, aiding authorities to pinpoint leaks, thefts, or wastage.