29.3 Global Smart Water Meter Market Segmentation Analysis (2024-2037)
29.3.1 By Type
29.3.3 By Technology
29.3.5 By Region
29.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
30. North America Smart Water Meter Market Outlook
30.3 North America Smart Water Meter Market Segmentation Analysis (2024-2037)
30.3.1 By Type
30.3.2 Component
30.3.4 By Applications
30.3.5 By Country
30.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
31. Europe Smart Water Meter Market Outlook
31.3 Europe Smart Water Meter Market Segmentation Analysis (2024-2037)
31.3.1 By Type
31.3.3 By Technology
31.3.4 By Applications
31.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
32. Asia Pacific Excluding Japan Smart Water Meter Market Outlook
32.3 Asia Pacific excluding Japan Smart Water Meter Market Segmentation Analysis (2024-2037)
32.3.3 By Technology
32.3.4 By Applications
32.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
33. Japan Smart Water Meter Market Outlook
33.3 Japan Smart Water Meter Market Segmentation Analysis (2024-2037)
33.3.1 By Type
33.3.3 By Technology
33.3.4 By Applications
33.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
34. Latin America Smart Water Meter Market Outlook
34.3 Latin America Smart Water Meter Market Segmentation Analysis (2024-2037)
34.3.1 By Type
34.3.3 By Technology
34.3.4 By Applications
34.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
35. Middle East & Africa Smart Water Meter Market Outlook
35.3 Middle East & Africa Smart Water Meter Market Segmentation Analysis (2024-2037)
35.3.1 By Type
35.3.3 By Technology
35.3.4 By Applications
35.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
36 Global Economic Scenario
37 About Research Nester
North America Market
North America smart water meter market is projected to dominate revenue share of around 45.6% by the end of 2037, owing to favorable regulatory support in the U.S. and Canada, high adoption of advanced water management systems across residential, industrial, and commercial settings, and the presence of leading companies that offer a range of smart meter solutions tailored to utility and municipality needs.
In the U.S., the smart water meter market is poised to account for a significant revenue share between 2025 and 2037. This growth can be attributed to rising concerns about water scarcity, supportive government initiatives to conserve water and adopt smart water meters, and increasing investments to develop and launch novel products. Moreover, in February 2024, the U.S. Environment Protection Act (EPA) announced USD 5.8 billion for the Clean Water State Revolving Fund (SRF), supporting stormwater, wastewater, and drinking water infrastructure across the country.
The Canada smart water meter market is expected to register rapid revenue growth during the forecast period owing to rapid urbanization, rising investments in adopting smart water metering solutions for efficient monitoring and early leak detection, and increasing government investments in deploying smart water meter systems.
Asia Pacific Excluding Japan Market Statistics
Asia Pacific excluding Japan smart water meter market is set to observe growth of more than 10.9% through 2037 attributed to growing investments in smart infrastructure in India, China, and South Korea, and the rising importance of effective resource management and sustainable development initiatives to accommodate the increasing population. In addition, the rising integration of IoT and data analytics with smart meters and increasing investments in developing cost-effective and durable advanced smart water meters are expected to drive market growth in APEJ going ahead.
In India, the smart water meter market is expected to register robust revenue CAGR owing to the rising issues of water scarcity, expansion of smart cities across the country, and high adoption of advanced water monitoring systems. In addition, government initiatives like the Smart Cities Mission to promote smart water management across urban projects are expected to drive the market during the forecast period.
The China smart water market is anticipated to experience significant growth during the forecast period. This growth can be attributed to rapid urbanization, rising investments in smart infrastructure by the government, high focus on water conservation, and the need for advanced metering systems to optimize water usage in commercial, residential, and industrial sectors. One of the key developments in China is the launch of the world’s first NB-IoT-based smart water project by China Telecom and Shenzhen Water Group. The project collected real-time data from 1,200 smart water meters and monitored water quality control.
Author Credits: Abhishek Verma
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