Smart Water Metering Market Segmentation:
Technology Segment Analysis
AMI segment is likely to account for more than 54.7% smart water metering market share by the end of 2035. The advanced metering infrastructure systems allow utilities to monitor water usage remotely, driving its adoption. Furthermore, the ability of AMI to offer real-time data analytics and two-way communication capabilities bolsters adoption.
A major driver of the segment’s growth is the rising public and private collaborations, providing opportunities for businesses to offer robust water monitoring solutions. For instance, in June 2022, San Jose Water announced that the California Public Utilities Commission (CPUC) approved a request to deploy advanced metering infrastructure, and San Jose Water will be investing USD 100 million over the next four years. The deployment of smart water metering by the company is expected to improve customer experience and provide control to users over water bills and usage.
The automatic meter reading (AMR) segment of the smart water metering market is projected to expand its revenue share substantially by the end of the forecast period. AMR provides one-way communication and is gaining traction in areas where utilities seek to cut down operational costs associated with manual reading. A major driver of the segment is its adaptability to existing water distribution networks, boosting utilities to upgrade legacy systems without incurring major installation costs. For instance, in September 2021, the Second Sight Systems utility metering division was awarded an additional project through a partnership with Ferguson Waterworks, and the company replaced approximately 750 existing residential water meters with AMR water meters. The increasing advent of such projects indicates profitable opportunities within the segment for utilities to leverage AMR and address NRW losses.
Application Segment Analysis
The residential segment of the smart water metering market is projected to be the largest application during the forecast period. The profitable opportunities within the segment are attributed to the large volume of smart water metering installations required to cater to an ever-increasing urban population. The advent of smart homes is expected to drive continued demand, with utilities and governments prioritizing smart water metering solutions to address water scarcity concerns and mitigate NRW losses.
For instance, in September 2024, Metron launched the Ultrasonic Smart Water Metering dedicated utility app that is positioned to make water intelligence accessible to industry stakeholders and benefit consumers in residential spaces. Furthermore, the rising consumer awareness of sustainable water management is an emerging driver of the segment where businesses can continue to find profitable opportunities.
Our in-depth analysis of the global market includes the following segments:
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