In terms of revenue, the global smart water meter market was valued at $xx million in 2021, and is expected to reach $9045.65 million by 2030, growing at a CAGR of 8.39% during the forecast period. The market study has also analyzed the impact of COVID-19 on the smart water meter industry qualitatively as well as quantitatively.

GLOBAL SMART WATER METER MARKET FORECAST 2022-2030

Global Smart Water Meter Market by Type (Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI)) Market by End-user (Residential, Commercial & Industrial) by Geography

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In terms of revenue, the global smart water meter market was valued at $xx million in 2021, and is expected to reach $9045.65 million by 2030, growing at a CAGR of 8.39% during the forecast period. The market study has also analyzed the impact of COVID-19 on the smart water meter industry qualitatively as well as quantitatively.

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Smart metering solutions are enhancements of traditional meters, and they use meters or modules with communication capabilities (one-way or two-way) incorporated in or attached to the meter. Smart water meters leverage the data they generate to provide water utilities with actionable insights that can be utilized to improve water distribution operations, increase billing and consumer interaction, and reduce non-revenue water (NRW).

Smart Water Meter Market

Read our latest blog on the Smart Water Meter Market

Key growth enablers of the global smart water meter market are:

  • Need for sustainable management and appropriate availability of existing water
    • The demand for sustainable water management is increasing and is a major driving force. Smart water meters give utility insights into where the water goes and how much is consumed. This enables utilities to reduce NRW (Non-Revenue Water) by delivering more resources in water-stressed areas and better regulating water usage to serve larger populations. Water utilities may now address water issues from the bottom up rather than the usual top-down approach.
  • Superiority of smart water meters over traditional water meters
  • Rising smart city projects

Key growth restraining factors are:

  • High installation costs
    • Smart water metering comes with a hefty set of operating expenditures. Unlike traditional meters, smart meters rely on connectivity technologies and digital components to operate and communicate data. As a result, the smart metering equipment costs are high.
    • Customers who wish to save money on their water bills can circumvent the water usage restrictions by hacking, jamming, or evading them. Furthermore, the absence of confidentiality in the transmission of smart meter data from the customer to the utility is quite dangerous.
  • Lack of availability of capital funding
  • Vulnerabilities of smart water meters

Global Smart Water Meter Market | Top Trends

  • According to Inkwood Research, COVID-19 has slowed ongoing projects and postponed new ones due to supply chain disruptions. The impact of the epidemic has been predicted to persist until 2021-2022, after which most current projects will proceed as scheduled.
  • In 2021, the residential end-user sector dominated the market, owing to the simplicity with which smart water meter devices installed in homes could be integrated into the smart water network.
  • One of the primary market trends is the increased attention on Non-Revenue Water (NRW) accountability. Utility companies can use these meters to figure out where and how much water is used.
  • Governments worldwide are assisting customers with financial assistance and grants to encourage the use of smart meters, aiding market growth. For example, Austin Water, a water provider in Texas, received an $80 billion loan to replace mechanical meters with smart meters.

Market Segmentation – Type and End-User –

 Market by Type:

  • Automatic Meter Reading (AMR)
  • Advanced Metering Infrastructure (AMI)
    • AMI (Advanced Metering Infrastructure) is expected to be the fastest-growing technology. The AMR meters were previously chosen over the other two technologies due to their lower costs. They do not, however, provide extensive data and necessitate the use of a drive-by or walk-by vehicle to acquire the data. Because of the limits of AMR meters, utilities have been left seeking more out of their investment. As a result, utilities have begun to deploy AMI meters with a higher data collection capacity.
    • AMI is a far more advanced version of AMR. AMI allows for two-way communication, is automated, and provides consumers and utilities with real-time water data.
    • The data is collected multiple times during the day and gives more precise information such as peak use, real-time consumption, and time of use, all of which contribute to better customer management and operations.

Market by End-User:

  • Residential
    • Residential is the largest end-user in the market.
    • The majority of residential complexes do not keep track of water use or usage. The implementation of smart water meters is projected to benefit from the growing number of residential structures and the resultant increase in water use.
    • California has set a water usage cap, requiring home customers to install smart water meters in order to track future consumption. Similarly, in April 2018, Sudbury, a Canadian city, unveiled a redesign of home water meters that will now offer real-time data.
  • Commercial & Industrial

Geographical Study Based on Four Major Regions:

  • North America: The United States and Canada
    • In 2021, North America dominated the market, accounting for 48.00% of total sales. The North American market growth is propelled by the rapid growth of smart water management facilities, rising smart city projects, and rigorous government regulations.
    • In terms of smart water meter adoption, the United States leads with nearly 7.09 million devices installed across the country.
    • In December 2017, the Texas Water Development Board approved financial assistance for the city of Abilene’s water meter replacement project. The money comes from the Clean Water State Revolving Fund, which has a budget of $18.37 million to replace 43,500 water meters with automated readers and leak detection systems.
  • Europe: The United Kingdom, Germany, France, Spain, Italy, Belgium, Poland, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific
  • Rest of World: Latin America, Middle East & Africa

The major players in the global smart water meter market are:

  • Sensus USA Inc
  • Badger Meter Inc
  • Itron Inc
  • Kamstrup AS
  • Landis+Gyr AG

Key strategies adopted by some of these companies:

Consolidated Utility District (CUD) granted Itron Inc a contract in March 2022 to improve its advanced metering infrastructure by deploying Temetra, Itron’s mobile meter data gathering system, in conjunction with Itron’s fixed network solution (AMI).

Kamstrup teamed with Hjrring Water Utility in January 2022 to deploy flowIQ® 2200 meters, infrastructure, and a remote reading system.

Luna Elektrik Elektronik Sanayi ve Ticaret A.. was acquired by Landis Gyr in September 2021. Luna Elektrik Elektronik Sanayi ve Ticaret A is a provider of smart metering equipment for electricity, water, and heat, as well as accompanying software solutions, with headquarters in Izmir, Turkey.

Report Synopsis:

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed  Type, End-User
Geographies Analyzed North America, Europe, Asia-Pacific, and Rest of World
Companies Analyzed

Aclara Technologies LLC (Acquired by Hubbell Incorporated), Arad Group, Badger Meter Inc, Datamatic Inc, Diehl Stiftung & Co Kg, Elster Group GmbH (Acquired by Honeywell International), ICSA (India) Limited, Itron Inc, Kamstrup AS, Landis+Gyr AG (Acquired by Toshiba Corporation), Master Meter Inc (Acquired by Arad Ltd), Mueller Water Products Inc, Neptune Technology Group Inc, Sensus USA Inc (Acquired by Xylem), Zenner International GmbH & Co Kg

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • PARENT MARKET ANALYSIS: SMART METERS MARKET
    • KEY DRIVERS
      • NEED FOR SUSTAINABLE MANAGEMENT AND APPROPRIATE AVAILABILITY OF EXISTING WATER
      • SUPERIORITY OF SMART WATER METERS OVER TRADITIONAL WATER METERS
      • RISING SMART CITY PROJECTS
    • KEY RESTRAINTS
      • HIGH INSTALLATION COSTS
      • LACK OF AVAILABILITY OF CAPITAL FUNDING
      • VULNERABILITIES OF SMART WATER METERS
  1. KEY ANALYTICS
    • IMPACT OF COVID-19 ON SMART WATER METER MARKET
    • KEY MARKET TRENDS
    • PORTER’S FIVE FORCES ANALYSIS
      • BUYERS POWER
      • SUPPLIERS POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
  2. MARKET BY TYPE
    • AUTOMATIC METER READING (AMR)
    • ADVANCED METERING INFRASTRUCTURE (AMI)
  3. MARKET BY END-USER
    • RESIDENTIAL
    • COMMERCIAL & INDUSTRIAL
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    • EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • SPAIN
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    • ASIA-PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA-PACIFIC
    • REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • REGIONAL ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA
  1. COMPETITIVE LANDSCAPE
    • KEY STRATEGIC DEVELOPMENTS
      • MERGERS & ACQUISITIONS
      • PRODUCT LAUNCHES & DEVELOPMENTS
      • PARTNERSHIPS & AGREEMENTS
      • BUSINESS EXPANSIONS & DIVESTITURES
    • COMPANY PROFILES
      • ACLARA TECHNOLOGIES LLC (ACQUIRED BY HUBBELL INCORPORATED)
      • ARAD GROUP
      • BADGER METER INC
      • DATAMATIC INC
      • DIEHL STIFTUNG & CO KG
      • ELSTER GROUP GMBH (ACQUIRED BY HONEYWELL INTERNATIONAL)
      • ICSA (INDIA) LIMITED
      • ITRON INC
      • KAMSTRUP AS
      • LANDIS+GYR AG (ACQUIRED BY TOSHIBA CORPORATION)
      • MASTER METER INC (ACQUIRED BY ARAD LTD)
      • MUELLER WATER PRODUCTS INC
      • NEPTUNE TECHNOLOGY GROUP INC
      • SENSUS USA INC (ACQUIRED BY XYLEM)
      • ZENNER INTERNATIONAL GMBH & CO KG

LIST OF TABLES  

TABLE 1: MARKET SNAPSHOT – SMART WATER METER

TABLE 2: GLOBAL SMART WATER METER MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 3: GLOBAL SMART WATER METER MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 4: GLOBAL AUTOMATIC METER READING (AMR) MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 5: GLOBAL AUTOMATIC METER READING (AMR) MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 6: GLOBAL ADVANCED METERING INFRASTRUCTURE (AMI) MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 7: GLOBAL ADVANCED METERING INFRASTRUCTURE (AMI) MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 8: GLOBAL SMART WATER METER MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 9: GLOBAL SMART WATER METER MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 10: GLOBAL RESIDENTIAL MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 11: GLOBAL RESIDENTIAL MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 12: GLOBAL COMMERCIAL & INDUSTRIAL MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 13: GLOBAL COMMERCIAL & INDUSTRIAL MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 14: GLOBAL SMART WATER METER MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 15: GLOBAL SMART WATER METER MARKET, BY GEOGRAPHY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 16: NORTH AMERICA SMART WATER METER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 17: NORTH AMERICA SMART WATER METER MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 18: KEY PLAYERS OPERATING IN NORTH AMERICA SMART WATER METER MARKET

TABLE 19: EUROPE SMART WATER METER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 20: EUROPE SMART WATER METER MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 21: KEY PLAYERS OPERATING IN EUROPE SMART WATER METER MARKET

TABLE 22: ASIA-PACIFIC SMART WATER METER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 23: ASIA-PACIFIC SMART WATER METER MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 24: KEY PLAYERS OPERATING IN ASIA-PACIFIC SMART WATER METER MARKET

TABLE 25: REST OF WORLD SMART WATER METER MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 26: REST OF WORLD SMART WATER METER MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 27: KEY PLAYERS OPERATING IN REST OF WORLD SMART WATER METER MARKET

TABLE 28: LIST OF MERGERS & ACQUISITIONS

TABLE 29: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 30: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 31: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: VALUE CHAIN ANALYSIS

FIGURE 6: GLOBAL SMART WATER METER MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

FIGURE 7: GLOBAL SMART WATER METER MARKET, BY AUTOMATIC METER READING (AMR), 2022-2030 (IN $ MILLION)

FIGURE 8: GLOBAL SMART WATER METER MARKET, BY ADVANCED METERING INFRASTRUCTURE (AMI), 2022-2030 (IN $ MILLION)

FIGURE 9: GLOBAL SMART WATER METER MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

FIGURE 10: GLOBAL SMART WATER METER MARKET, BY RESIDENTIAL, 2022-2030 (IN $ MILLION)

FIGURE 11: GLOBAL SMART WATER METER MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2030 (IN $ MILLION)

FIGURE 12: NORTH AMERICA SMART WATER METER MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

FIGURE 13: UNITED STATES SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 14: CANADA SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 15: EUROPE SMART WATER METER MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

FIGURE 16: UNITED KINGDOM SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 17: GERMANY SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 18: FRANCE SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 19: ITALY SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 20: SPAIN SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 21: BELGIUM SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 22: POLAND SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 23: REST OF EUROPE SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 24: ASIA-PACIFIC SMART WATER METER MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

FIGURE 25: CHINA SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 26: JAPAN SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 27: INDIA SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 28: SOUTH KOREA SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 29: INDONESIA SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 30: THAILAND SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 31: VIETNAM SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 32: AUSTRALIA & NEW ZEALAND SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 33: REST OF ASIA-PACIFIC SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 34: REST OF WORLD SMART WATER METER MARKET, REGIONAL OUTLOOK, 2021 & 2030 (IN %)

FIGURE 35: LATIN AMERICA SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

FIGURE 36: MIDDLE EAST & AFRICA SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

  1. MARKET BY TYPE
    • AUTOMATIC METER READING (AMR)
    • ADVANCED METERING INFRASTRUCTURE (AMI)
  2. MARKET BY END-USER
    • RESIDENTIAL
    • COMMERCIAL & INDUSTRIAL
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    • EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • SPAIN
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    • ASIA-PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA-PACIFIC
    • REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • REGIONAL ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA

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    Frequently Asked Questions (FAQs):

    What is the value of the global smart water meter market?

    As of 2021, the global smart water meter market was valued at $4343.06 million.

    Does this report include the COVID-19 impact?

    Yes, the market study has also analyzed the impact of COVID-19 on the smart water meter market qualitatively as well as quantitatively.

    Which is the largest revenue-generating type in the global smart water meter market?

    Advanced metering infrastructure (AMI) is the largest revenue-generating type in the global smart water meter market.

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    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

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