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Smart Water Meter Market Trends

  • Report ID: 5090
  • Published Date: Nov 14, 2024
  • Report Format: PDF, PPT
  1. An Outline of the Global Smart Water Meter Market
    • Market Definition
    • Market Segmentation
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
    • Primary Research
    • Secondary Research
    • Data Triangulation
    • SPSS Methodology
  4. Executive Summary
  5. Opportunities
  6. Growth Drivers
  7. Major Roadblocks
  8. Prevalent Trends
  9. Government Regulations
  10. Analysis of the Current Technologies
  11. Growth Outlook
  12. Analysis on Government Initiatives
  13. Risk Analysis
  14. SWOT
  15. Supply Chain
  16. End-User Analysis
  17. Regional Demand
  18. Recent News
  19. Type Analysis
  20. Price Benchmarking
  21. Technology Analysis
  22. Survey Analysis
    • Market Trend Analysis
    • Factors affecting the market
    • Technical Specification Analysis
    • Operational Cost Analysis
    • Application Analysis
    • Supply Chain
    • Technology Analysis
  23. Analysis of Revenue Rate Improvement Before and After Installation of Smart Water Meter
  24. Technological Advancements in Smart Water Meter
  25. Analysis of Smart Water Meter Installation Area
  26. Comparative Positioning
  27. Competitive Landscape
  28. Competitive Model
    • Market Share of Major Companies Profiled, 2023
    • Business Profile of Key Enterprise
      • Neptune Technology Group Inc.
      • Kamstrup
      • Honeywell International Inc.
      • Badger Meter, Inc.
      • Landis+Gyr
      • Xylem
      • Arad Group
      • Itron Inc.
      • Diehl Stiftung & Co. KG
      • Wasion Holdings Limited
      • ZENNER International GmbH & Co. KG
      • OSAKI ELECTRIC CO., LTD.
      • Mitsubishi Electric Corporation
  29. Global Smart Water Meter Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million) Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)

29.3 Global Smart Water Meter Market Segmentation Analysis (2024-2037)

                        29.3.1 By Type

  • Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • By Component
  • IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
  • Communications, Market Value (USD Million), and CAGR, 2024-2037F
  • Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F

29.3.3 By Technology

  • Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
  • Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F
  • Applications
  • Commercial, Market Value (USD Million), and CAGR, 2024-2037F
  • Industrial, Market Value (USD Million), and CAGR, 2024-2037F
  • Residential, Market Value (USD Million), and CAGR, 2024-2037F

29.3.5 By Region

  • North America, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Europe Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Asia Pacific Excluding Japan Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Japan Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Latin America Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Middle East and Africa Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F

29.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037

30. North America Smart Water Meter Market Outlook

  1. Market Overview
  2. Market Revenue by Value (USD Million) Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)

30.3 North America Smart Water Meter Market Segmentation Analysis (2024-2037)

30.3.1 By Type

  • Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F

30.3.2 Component

  • IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
  • Communications, Market Value (USD Million), and CAGR, 2024-2037F
  • Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F
  • By Technology
  • Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
  • Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F

30.3.4 By Applications

  • Commercial, Market Value (USD Million), and CAGR, 2024-2037F
  • Industrial, Market Value (USD Million), and CAGR, 2024-2037F
  • Residential, Market Value (USD Million), and CAGR, 2024-2037F

30.3.5 By Country

  • US, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Canada, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F

30.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037

31. Europe Smart Water Meter Market Outlook

  1. Market Overview
  2. Market Revenue by Value (USD Million) Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)

31.3 Europe Smart Water Meter Market Segmentation Analysis (2024-2037)

31.3.1 By Type

  • Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • By Component
  • IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
  • Communications, Market Value (USD Million), and CAGR, 2024-2037F
  • Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F

31.3.3 By Technology

  • Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
  • Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F

31.3.4 By Applications

  • Commercial, Market Value (USD Million), and CAGR, 2024-2037F
  • Industrial, Market Value (USD Million), and CAGR, 2024-2037F
  • Residential, Market Value (USD Million), and CAGR, 2024-2037F
  • By Country
  • UK, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Germany, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • France, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Italy, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Spain, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • BENELUX, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Poland, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Russia, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Rest of Europe, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F

31.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037

32. Asia Pacific Excluding Japan Smart Water Meter Market Outlook

  1. Market Overview
  2. Market Revenue by Value (USD Million) Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)

32.3 Asia Pacific excluding Japan Smart Water Meter Market Segmentation Analysis (2024-2037)

  1. By Type
  2. Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  3. Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  4. Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  5. By Component
  6. IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
  7. Communications, Market Value (USD Million), and CAGR, 2024-2037F
  8. Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F

32.3.3 By Technology

  • Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
  • Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F

32.3.4 By Applications

  • Commercial, Market Value (USD Million), and CAGR, 2024-2037F
  • Industrial, Market Value (USD Million), and CAGR, 2024-2037F
  • Residential, Market Value (USD Million), and CAGR, 2024-2037F
  • By Country
  • China, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • India, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Indonesia, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • South Korea, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Malaysia, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Australia, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Singapore, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Vietnam, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Thailand, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • New Zealand, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Rest of Asia Pacific excluding Japan, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F

32.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037

33. Japan Smart Water Meter Market Outlook

  1. Market Overview
  2. Market Revenue by Value (USD Million), & Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)

33.3 Japan Smart Water Meter Market Segmentation Analysis (2024-2037)

33.3.1 By Type

  • Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • By Component
  • IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
  • Communications, Market Value (USD Million), and CAGR, 2024-2037F
  • Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F

33.3.3 By Technology

  • Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
  • Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F

33.3.4 By Applications

  • Commercial, Market Value (USD Million), and CAGR, 2024-2037F
  • Industrial, Market Value (USD Million), and CAGR, 2024-2037F
  • Residential, Market Value (USD Million), and CAGR, 2024-2037F

33.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037

34. Latin America Smart Water Meter Market Outlook

  1. Market Overview
  2. Market Revenue by Value (USD Million) Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)

34.3 Latin America Smart Water Meter Market Segmentation Analysis (2024-2037)

34.3.1 By Type

  • Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • By Component
  • IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
  • Communications, Market Value (USD Million), and CAGR, 2024-2037F
  • Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F

34.3.3 By Technology

  • Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
  • Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F

34.3.4 By Applications

  • Commercial, Market Value (USD Million), and CAGR, 2024-2037F
  • Industrial, Market Value (USD Million), and CAGR, 2024-2037F
  • Residential, Market Value (USD Million), and CAGR, 2024-2037F
  • By Country
  • Brazil, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Argentina, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Mexico, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Rest of Latin America, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F

34.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037

35. Middle East & Africa Smart Water Meter Market Outlook

  1. Market Overview
  2. Market Revenue by Value (USD Million) Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)

35.3 Middle East & Africa Smart Water Meter Market Segmentation Analysis (2024-2037)

35.3.1 By Type

  • Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • By Component
  • IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
  • Communications, Market Value (USD Million), and CAGR, 2024-2037F
  • Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F

35.3.3 By Technology

  • Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
  • Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F

35.3.4 By Applications

  • Commercial, Market Value (USD Million), and CAGR, 2024-2037F
  • Industrial, Market Value (USD Million), and CAGR, 2024-2037F
  • Residential, Market Value (USD Million), and CAGR, 2024-2037F
  • By Country
  • GCC, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Israel, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • South Africa, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
  • Rest of Middle East & Africa, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F

35.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037

36 Global Economic Scenario

37 About Research Nester

Smart Water Meter Market Trends

Growth Drivers

  • Rising number of smart city projects globally: Rapid urbanization has resulted in the rising number of smart city projects along with mounting pressure on water supply systems. Many countries, especially emerging economies are heavily investing in smart building initiatives. Smart water meters are integral to these projects, offering real-time data analytics and IoT integration to streamline water management and reduce water wastage. For instance, the International Water Resources Association (IWRA), in collaboration with the Korea Water Resources Corporation (K-Water) and the Asia Water Council (AWC) launched the Smart Water Cities, a three-year project to analyze and deploy smart water technologies in urban developments.
  • IoT integration in water meters: Recent advancements in water monitoring systems involve the integration of IoT networks. Smart water meters equipped with IoT and advanced data analytics allow utilities to monitor water usage remotely and collect real-time data on water supply and usage. This helps in improving reliability and allows for predictive maintenance. Several companies are investing and partnering with other companies to develop and launch advanced IoT water meters. For instance, in April 2024, SUEZ partnered with Vodafone to launch remote water meter reading via Narrowband IoT (NB-IoT) with excellent coverage and a 15-year battery life. The product is expected to reduce leaks by 15% and the company plans to deploy more than 2 million NB-IoT meters by 2030.

Challenges

  • Rising concerns about data privacy and security- Smart water meters collect sensitive consumer information and data, making them vulnerable to cyberattacks. Thus, utilities are cautious while deploying technology that can expose them to privacy and security risks. This key factor is expected to hamper overall smart water meter market growth during the forecast period.
  • High initial investment: Though smart water meters are rapidly gaining traction, the adoption can be restrained among budget constraints or small-scale utilities due to high initial investments, hardware costs, and installation fees. Moreover, the lack of funding for smart infrastructure is expected to hamper market growth to a certain extent.

Smart Water Meter Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

10.1 %

Base Year Market Size (2024)

USD 6.2 billion

Forecast Year Market Size (2037)

USD 21.4 billion

Regional Scope
  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Abhishek Verma


  • Report ID: 5090
  • Published Date: Nov 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of smart water meter was USD 6.2 billion.

The global smart water meter market size was USD 6.2 billion in 2024 and is predicted to reach USD 21.4 billion by the end of 2037, rising at a CAGR of 10.1% during the forecast period, i.e., 2025-2037.

Lorenz GmbH & Co.KG, ZENNER International GmbH & Co. KG, HEXCELL, Diehl Stiftung & Co. KG, SUEZ GROUP, Badger Meter, Inc., Itron Inc., Aclara Technologies LLC (A Hubbell Company), Kamstrup A/S, Honeywell International Inc. and Mueller Systems LLC are some key players in the global smart water meter market.

The mechanical meter is anticipated to hold a significant revenue share of 54.5% between 2025 and 2037.

North America is expected to open new opportunities for business in the coming years.
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