Smart Water Meter Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0099376
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.27 |
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The Smart Water Meter Market size is estimated to grow at a CAGR of 8.45% between 2022 and 2032. The market size is forecast to increase by USD 3,567.21 million. The growth of the market depends on several factors, including the increasing need for efficient water management, rising concerns about water scarcity, and the growing adoption of smart city initiatives. Smart water meters are advanced devices that measure and monitor water consumption in real-time, providing accurate data for billing, leak detection, and water conservation efforts. They enable utilities and consumers to track water usage, identify inefficiencies, and make informed decisions to optimize water resources.
Smart Water Meter Market Overview:
Drivers:
One of the key factors driving the smart water meter market growth is the increasing need for efficient water management. With the growing global population and urbanization, the demand for water is rising, putting pressure on existing water resources. Smart water meters enable utilities to monitor water consumption patterns, detect leaks, and implement effective water conservation measures. By providing real-time data and insights, smart water meters help utilities optimize water distribution, reduce non-revenue water losses, and improve overall operational efficiency.
Moreover, rising concerns about water scarcity and the need for sustainable water management practices are fueling the adoption of smart water meters. Governments and regulatory bodies are implementing stringent water conservation regulations and promoting the use of smart technologies to monitor and manage water resources effectively. Smart water meters play a crucial role in achieving water sustainability goals by enabling accurate measurement, leak detection, and demand management.
Trends:
A key trend shaping the smart water meter market is the integration of advanced communication technologies. Manufacturers are incorporating wireless connectivity options such as cellular networks, LPWAN (Low Power Wide Area Network), or IoT (Internet of Things) protocols into smart water meters. This integration enables seamless data transmission, remote monitoring, and real-time analytics. Additionally, the use of cloud-based platforms and data analytics software allows utilities to gain actionable insights from the collected data, optimize water distribution networks, and improve customer service.
Furthermore, the adoption of smart city initiatives is driving the demand for smart water meters. Smart cities aim to leverage technology to enhance the quality of life, sustainability, and efficiency of urban areas. Smart water meters play a vital role in smart city infrastructure by enabling efficient water management, reducing water wastage, and promoting water conservation. The integration of smart water meters with other smart city systems, such as smart grids and smart buildings, allows for holistic management of resources and improved urban planning.
Restraints:
One of the key challenges hindering the smart water meter market growth is the high initial cost of deployment. Smart water meters involve upfront investments in hardware, communication infrastructure, and data management systems. The cost of retrofitting existing water infrastructure with smart meters can be significant, especially for utilities with limited budgets. This cost factor may act as a barrier to adoption, particularly in regions with constrained financial resources or outdated water infrastructure.
Smart Water Meter Market Segmentation By Application:
The residential segment is estimated to witness significant growth during the forecast period. Smart water meters in residential settings enable homeowners to monitor their water consumption, detect leaks, and make informed decisions to conserve water. These meters provide real-time data and usage alerts, empowering consumers to manage their water usage effectively and reduce water bills. The increasing awareness about water conservation and the growing adoption of smart home technologies are driving the demand for smart water meters in residential applications.
The commercial segment is also expected to contribute to the market growth. Smart water meters in commercial buildings, such as offices, hotels, and shopping malls, enable efficient water management and billing. These meters provide accurate data for water consumption analysis, leak detection, and compliance with water regulations. The ability to monitor water usage in real-time and identify inefficiencies makes smart water meters a valuable tool for commercial establishments aiming to reduce water costs and improve sustainability.
Smart Water Meter Market Segmentation By Type:
The advanced metering infrastructure (AMI) segment is expected to dominate the market during the forecast period. AMI systems consist of smart water meters, communication networks, and data management software. These systems enable two-way communication between the meter and the utility, allowing for real-time data collection, remote monitoring, and automated billing. The integration of AMI systems with other smart city technologies and the ability to provide detailed insights into water consumption patterns drive the growth of this segment.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global smart water meter market during the forecast period. The region has a high awareness about water conservation, stringent water regulations, and a mature utility infrastructure. The presence of key market players, technological advancements, and government initiatives promoting smart city development further support market growth in North America.
Europe is also expected to witness substantial growth in the smart water meter market. The region has a strong focus on sustainability, water resource management, and smart city initiatives. The increasing adoption of smart technologies, favorable government policies, and the need for efficient water management drive the market in Europe.
Smart Water Meter Market Customer Landscape:
The smart water meter market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Smart Water Meter Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the smart water meter market include:
- Arad Group
- Honeywell International Inc.
- Itron Inc.
- Kamstrup A/S
- Landis+Gyr AG
- Master Meter Inc.
- Sensus (Xylem Inc.)
- ABB Ltd.
- Schneider Electric SE
- Elster Group GmbH
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The smart water meter market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Residential
o Commercial
o Industrial
- Type Outlook (USD Million, 2019 - 2032)
o Advanced Metering Infrastructure (AMI)
o Automatic Meter Reading (AMR)
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL Smart Water Meter MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 - 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Smart Water Meter MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Smart Water Meter Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Smart Water Meter MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Type 1
5.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
5.3. Type 2
5.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 6. Smart Water Meter MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Application 1
6.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.3. Application 2
6.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.4. Application 3
6.4.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.5. Application 4
6.5.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 7. Smart Water Meter MARKET REGIONAL OUTLOOK
7.1. Smart Water Meter Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.2. North America Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.3. North America Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.4. North America Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.5.2. U.S. Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.5.3. U.S. Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.5.4. U.S. Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.6.2. Canada Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.6.3. Canada Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.6.4. Canada Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.2. Europe Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.3. Europe Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.4. Europe Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.5.2. Germany Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.5.3. Germany Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.5.4. Germany Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.6.2. France Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.6.3. France Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.6.4. France Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.7.2. U.K. Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.7.3. U.K. Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.7.4. U.K. Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.2. Asia Pacific Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.3. Asia Pacific Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.4. Asia Pacific Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.5.2. China Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.5.3. China Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.5.4. China Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.6.2. India Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.6.3. India Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.6.4. India Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.7.2. Japan Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.7.3. Japan Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.7.4. Japan Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.8.2. Australia Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.8.3. Australia Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.8.4. Australia Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.5.2. Mea Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.5.3. Mea Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.5.4. Mea Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Smart Water Meter Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.6.2. Latin America Smart Water Meter Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.6.3. Latin America Smart Water Meter Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.6.4. Latin America Smart Water Meter Market Estimates And Forecast By Production Process, 2016 -2027, (USD Million)
7.6.5. Latin America Smart Water Meter Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Company 1
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Company 2
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Company 3
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Company 4
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Company 5
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
List of Tables and Figures
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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