Strengths
- The steady development of advanced metering infrastructure (AMI) is the rising trend in the Smart Water Metering market.
- Water utilities are expected to create a larger demand for AMI owing to their higher budget for the advancement of the water infrastructure, compared to residential and industrial-sector consumers.
- To curb major losses owing to thefts, spillages, and wrong metering, water utilities are increasingly investing in advanced water metering and upgrading the infrastructure, globally.
- Mergers, Acquisitions, and Joint Ventures.
Weaknesses
- Initial Costs, installation, and maintenance expenses.
- More promotional budget is required by the startups due to the slow adoption rate by companies in the start.
- Dominance to major players.
- Competitive pricing.
- Investor confidence in startups is low.
Opportunities
- Communication technology in the smart water meter sector is one of the most important technologies for its functioning.
- IoT provides the largest opportunity for growth.
- This technology is primarily useful in regions with uncertain rainfall conditions, where it can help organizations properly utilize rainwater.
- These advantages are aiding in the popularity of such devices in regions such as the MEA.
- The growing demand for water conservation is propelling the popularity of smart water meters in industrial settings.
Threats
- Competition from other types of meters (fluidic oscillator meters, positive displacement meters, velocity meters, single-jet meters, and multi-jet meters)
- New entrants in the liquid metering market.
- Safety Concerns in hazardous materials.
- Counterfeits/fakes/sub-standard products can disrupt the market.
- The threat of new regulations by regime change / new government.