A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
02-May-2023
North America
Frost Radar
PE5B-01-00-00-00
EN01384-NA-MT_27616
Water utilities across the globe are exploring new solutions to adapt to climate change, this has driven decision makers to implement water conservation policies which specifies the need to reduce leaks and holistically reduce Non-Revenue Water (NRW). Smart water meters are the tool of choice for water utilities to reduce leaks and NRWas it ensures billing accuracy and assists in monitoring consumption pattern. In addition, smart water metering system that includes a meter data management & analytics platform enables efficient customer service management, workflow management and resource management. Water utilities are transitioning from conventional metering to smart metering by leveraging IoT connectivity enables by LPWAN technologies such as LoRa, Wize, NB IoT, LTE-M, MiOTY etc.
The Smart water meter market is expected grow from $ 5.2 billion in 2023 to $7.3 billion in 2026. NA and Europe are the key hotspots for smart water metering whilst India, Brazil, SEA countries (Malaysia, Indonesia, Vietnam, and Philippines) and Australia are the key emerging hotspots. China is the single largest market for smart water meters in APAC but is mostly served by a large number of local/regional players.
Smart water metering systems solution providers are leveraging IoT Connectivity and data analytics platforms to expand their solutions portfolio to offer customer end to end NRW and water network management systems through collaboration and strategic partnerships.
The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes numerous companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.
In a field of 100+ global industry participants, Frost & Sullivan independently plotted the top 21 companies in this Frost Radar™ analysis. The Smart water metering solutions market Radar features 1) Apator, 2) Azbil Kimmon, 3) Arad Group, 4) Axioma, 5) Badger Meter, 6) Diehl, 7) Drop by Drop, 8) Honeywell Elster, 9) Itron, 10) Kamstrup, 11) Kritsnam, 12) Landis + Gyr, 13) Maddalena, 14) Mueller water products, 15) Neptune, 16) Nereus, 17) Ningbo Water Meter (NWM), 18) Suez - Smart metering services, 19) Nova Veolia (Birdz), 20) WEGoT, 21) Xylem-Sensus.
Global Smart Water Metering Market
- Global Smart Water Metering Market
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
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Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. -
Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. -
Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. -
Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? -
Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
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INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. -
RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. -
PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. -
MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. -
CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
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GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. -
BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. -
COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. -
CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. -
PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
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| Deliverable Type | Frost Radar |
|---|---|
| Author | Paul Hudson |
| Industries | Environment |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Smart Water Meter Market |
| Keyword 2 | Smart Water Metering market |
| Keyword 3 | Smart Water Metering Systems |
| Podcast | No |
| WIP Number | PE5B-01-00-00-00 |
Frost Radar™ on the Global Smart Water Metering Market
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