Smart Water Metering Market
Smart Water Metering Market Forecasts to 2030 - Global Analysis By Meter Type (Static Water Meters and Dynamic Water Meters), Component, Technology, Application and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $4.25 BN |
|
Projected Year Value (2030) |
US $9.84 BN |
|
CAGR (2024 - 2030) |
13.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Smart Water Metering Market is accounted for $4.25 billion in 2024 and is expected to reach $9.84 billion by 2030 growing at a CAGR of 13.7% during the forecast period. Smart water metering refers to the integration of advanced technologies with traditional water meters. These meters enable real-time monitoring of water consumption, allowing utilities and consumers to track usage patterns accurately. By transmitting data remotely, they enhance efficiency in water management, enabling timely leak detection, conservation strategies, and billing accuracy. This technology supports actionable insights into usage trends, promoting conservation efforts, and improving overall water infrastructure resilience and operational efficiency.
According to the Energy and Water department of the World Bank, water utilities globally lose an estimated USD 14 billion in non-revenue water every year.
Market Dynamics:
Driver:
Growing concerns over water scarcity
Smart water meters enable precise monitoring and management of water usage, helping to identify leaks, reduce waste, and promote conservation. Governments and utilities are increasingly adopting these technologies to address water shortages and ensure sustainable usage. The ability to provide real-time data and analytics empowers consumers and utilities to make informed decisions, thus fostering the adoption of smart water metering solutions to mitigate water scarcity challenges.
Restraint:
Complex integration
Smart water metering involves complex integration due to the need to seamlessly connect advanced metering technologies with existing water infrastructure and IT systems. This process requires significant technical expertise, customized solutions, and potential modifications to legacy systems, leading to increased deployment time and costs. The complexity can deter utilities, especially smaller ones, from adopting smart metering solutions. Additionally, integrating various data sources and ensuring interoperability between different technologies pose challenges, hampering market growth.
Opportunity:
Rising investments in smart water infrastructure
Rising investments in smart water infrastructure provides necessary funding for the deployment and integration of advanced metering technologies. These investments facilitate upgrades to outdated systems, enhancing accuracy in water usage monitoring and leak detection. Additionally, increased funding supports research and development, leading to innovations in smart metering technologies, further accelerating adoption and fostering a more efficient and resilient water management ecosystem.
Threat:
High initial investments
Smart water metering involves high initial investments due to the cost of advanced IoT-enabled meters, infrastructure upgrades, and integration with existing systems. These expenses include hardware, software, installation, and the need for skilled labor. This financial barrier slows market growth by limiting widespread deployment, particularly in economically challenged areas, despite the long-term benefits of operational efficiency and water conservation that smart meters provide.
Covid-19 Impact
The covid-19 pandemic accelerated the adoption of smart water metering systems as utilities sought remote monitoring capabilities amidst social distancing measures. Demand for operational efficiency and accurate billing increased as utilities aimed to streamline processes. However, supply chain disruptions and economic uncertainties temporarily slowed market growth, impacting deployment timelines. Overall, the pandemic underscored the importance of resilient and adaptive water infrastructure, influencing long-term investment trends in smart water metering technologies.
The static water meters segment is expected to be the largest during the forecast period
The static water meters segment is estimated to have a lucrative growth. Static water meters are advanced metering devices that measure water flow using non-mechanical methods, such as ultrasonic or electromagnetic technology. They are highly effective in detecting low-flow rates and providing precise measurements, making them ideal for residential, commercial, and industrial applications. Static water meters are also less susceptible to inaccuracies caused by sand or debris, enhancing their durability and reducing maintenance needs, thus supporting efficient water management and conservation efforts.
The residential segment is expected to have the highest CAGR during the forecast period
The residential segment is anticipated to witness the highest CAGR growth during the forecast period. Smart water metering in residential applications involves using advanced metering devices to monitor household water usage in real time. These meters provide accurate and timely data on water consumption, enabling homeowners to track their usage patterns, detect leaks, and implement conservation measures. Overall, smart water meters promote efficient water use, cost savings, and contribute to sustainable water management practices in residential settings.
Region with largest share:
In the Asia-Pacific region, the smart water metering market is experiencing significant growth driven by rapid urbanization, water scarcity concerns, and government initiatives promoting water conservation and efficiency. Countries like China, India, and Japan are leading the adoption, supported by advancements in IoT technology and government funding for smart city projects. Rising awareness about water management and aging infrastructure also fuel market expansion. Further, the region presents lucrative opportunities for smart water metering solutions providers aiming to address water management challenges effectively.
Region with highest CAGR:
In North America, the smart water metering market is robust, driven by stringent regulations on water conservation, aging infrastructure, and a strong focus on operational efficiency. The United States and Canada lead in adoption, supported by investments in smart city initiatives and technological advancements in IoT and communication technologies. The market benefits from increasing awareness among utilities and consumers about water conservation benefits and the need for accurate billing. Overall, North America presents a mature yet expanding market for smart water metering solutions.
Key players in the market
Some of the key players profiled in the Smart Water Metering Market include Honeywell International Inc., Schneider Electric SE, Siemens AG, ABB Limited, Kamstrup A/S, Neptune Technology Group, Xylem Limited, Badger Meter, Itron Corporation, Aclara Technologies, Diehl Metering, Landis+Gyr, Arad Group, Mueller Water Products, Suez SA and Trenton Water Works (TWW).
Key Developments:
In April 2024, SUEZ, a leader of circular and digital solutions for water and waste services, and Vodafone, a global leader in communication technologies and services, are joining forces to accelerate the global roll-out of remote water meter-reading via Narrowband IoT (NB-IoT1) communication networks. The aim is to bring over 2 million NB-IoT meters into service by 2030.
In November 2023, New Jersey water utility company Trenton Water Works (TWW) has launched a $20 million project to replace 63,034 water meters in its five-municipality system with smart water meters. TWW meter readers will be able to read the new two-way communicating water meters remotely, eliminating almost all estimated water bills.
Meter Types Covered:
• Static Water Meters
• Dynamic Water Meters
Components Covered:
• Meters
• Communication Modules
• Software & Services
Technologies Covered:
• Advanced Metering Infrastructure (AMI)
• Automatic Meter Reading (AMR)
Applications Covered:
• Residential
• Commercial
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Water Metering Market, By Meter Type
5.1 Introduction
5.2 Static Water Meters
5.3 Dynamic Water Meters
6 Global Smart Water Metering Market, By Component
6.1 Introduction
6.2 Meters
6.2.1 Electromagnetic Water Meters
6.2.2 Ultrasonic Water Meters
6.2.3 Mechanical Water Meters
6.3 Communication Modules
6.3.1 Radio Frequency (RF)
6.3.2 Cellular
6.3.3 Wired
6.4 Software & Services
6.4.1 Meter Data Management (MDM)
6.4.2 Meter Communication Infrastructure
6.4.3 Analytics & Reporting
7 Global Smart Water Metering Market, By Technology
7.1 Introduction
7.2 Advanced Metering Infrastructure (AMI)
7.2.1 Two-way Communication
7.2.2 Real-time Monitoring
7.3 Automatic Meter Reading (AMR)
7.3.1 One-way Communication
7.3.2 Periodic Data Collection
8 Global Smart Water Metering Market, By Application
8.1 Introduction
8.2 Residential
8.3 Commercial
8.4 Industrial
9 Global Smart Water Metering Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Honeywell International Inc.
11.2 Schneider Electric SE
11.3 Siemens AG
11.4 ABB Limited
11.5 Kamstrup A/S
11.6 Neptune Technology Group
11.7 Xylem Limited
11.8 Badger Meter
11.9 Itron Corporation
11.10 Aclara Technologies
11.11 Diehl Metering
11.12 Landis+Gyr
11.13 Arad Group
11.14 Mueller Water Products
11.15 Suez SA
11.16 Trenton Water Works (TWW)
List of Tables
1 Global Smart Water Metering Market Outlook, By Region (2022-2030) ($MN)
2 Global Smart Water Metering Market Outlook, By Meter Type (2022-2030) ($MN)
3 Global Smart Water Metering Market Outlook, By Static Water Meters (2022-2030) ($MN)
4 Global Smart Water Metering Market Outlook, By Dynamic Water Meters (2022-2030) ($MN)
5 Global Smart Water Metering Market Outlook, By Component (2022-2030) ($MN)
6 Global Smart Water Metering Market Outlook, By Meters (2022-2030) ($MN)
7 Global Smart Water Metering Market Outlook, By Electromagnetic Water Meters (2022-2030) ($MN)
8 Global Smart Water Metering Market Outlook, By Ultrasonic Water Meters (2022-2030) ($MN)
9 Global Smart Water Metering Market Outlook, By Mechanical Water Meters (2022-2030) ($MN)
10 Global Smart Water Metering Market Outlook, By Communication Modules (2022-2030) ($MN)
11 Global Smart Water Metering Market Outlook, By Radio Frequency (RF) (2022-2030) ($MN)
12 Global Smart Water Metering Market Outlook, By Cellular (2022-2030) ($MN)
13 Global Smart Water Metering Market Outlook, By Wired (2022-2030) ($MN)
14 Global Smart Water Metering Market Outlook, By Software & Services (2022-2030) ($MN)
15 Global Smart Water Metering Market Outlook, By Meter Data Management (MDM) (2022-2030) ($MN)
16 Global Smart Water Metering Market Outlook, By Meter Communication Infrastructure (2022-2030) ($MN)
17 Global Smart Water Metering Market Outlook, By Analytics & Reporting (2022-2030) ($MN)
18 Global Smart Water Metering Market Outlook, By Technology (2022-2030) ($MN)
19 Global Smart Water Metering Market Outlook, By Advanced Metering Infrastructure (AMI) (2022-2030) ($MN)
20 Global Smart Water Metering Market Outlook, By Two-way Communication (2022-2030) ($MN)
21 Global Smart Water Metering Market Outlook, By Real-time Monitoring (2022-2030) ($MN)
22 Global Smart Water Metering Market Outlook, By Automatic Meter Reading (AMR) (2022-2030) ($MN)
23 Global Smart Water Metering Market Outlook, By One-way Communication (2022-2030) ($MN)
24 Global Smart Water Metering Market Outlook, By Periodic Data Collection (2022-2030) ($MN)
25 Global Smart Water Metering Market Outlook, By Application (2022-2030) ($MN)
26 Global Smart Water Metering Market Outlook, By Residential (2022-2030) ($MN)
27 Global Smart Water Metering Market Outlook, By Commercial (2022-2030) ($MN)
28 Global Smart Water Metering Market Outlook, By Industrial (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
