Water utilities will account for the bulk of smart meter connections in the next 4-5 years, forecast to reach 1.2 billion in 2022.According to ABI Research, North America accounted for the largest number of smart water meter installations in 2016, however, Europe is expected to marginally surpass North America's connection growth and hold the largest ‘install base’ by 2018.
"As more people migrate from rural areas to urban cities, increasing water security concerns will fuel smart water meter growth. Low Power Wide Area (LPWA) network technologies both cellular and non-cellular connectivity solutions will also further enable water utilities to incorporate smart metering into their organizational workflows.
Across all metering markets, smart meter rollouts are predominantly driven by regulatory mandates based on government policy," says an ABI release.
Smart electricity meter installations slow down
[quote] The firm adds that apart from China, the pace of smart electricity meter installations will slow down in the short term.
Adarsh Krishnan, senior analyst at ABI Research, explains that the decrease in smart electricity connections is result of "the delayed implementation of large metering projects planned for Western Europe, Latin America, and the Asia-Pacific region."
The release adds that the UK government, which first mandated a nationwide rollout of smart meters by 2014, is still experiencing delays; UK smart meter penetration rates are still less than 10% at the end of 2016.
In India, of 15 ongoing pilot projects, seven projects have not yet started. In Brazil, energy regulatory agency ANEEL changed its ambitious goal of replacing all electricity meters with smart meters to requiring only new builds use smart meters. [Sensus Japan begins water meter reading deployment using mission critical IoT]