Smart Water Metering Market Size & Share, by Type (Electromagnetic Meter, Ultrasonic Meter, Mechanical Meter); Component (IT Solutions, Communications, Meters & Accessories); Product (AMR, AMI); End-user (Commercial, Industrial, Residential) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 5090
  • Published Date: Jul 15, 2023
  • Report Format: PDF, PPT

Global Smart Water Metering Market TOC

  1. An Outline of the Smart Water Metering Market
    1.  Market Definition
    2. Market Segmentation
    3.  Product Overview
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
    1.  Research Process
    2. Primary Research
      1. Smart Water Metering Manufacturers
      2. Distributors/Suppliers
      3. End Users
    3. Secondary Research
    4. Market Size Estimation
  4. Summary of the Report for Key Decision Makers
    1. Market size and forecast
    2. Competitive landscape
    3. Market dynamics
    4. Regional opportunity analysis
  5. Forces of the Market Constituents
    1. Drivers
    2. Trends
  6. Key Market Opportunities for Business Growth
    1. Based on the types
    2. Based on the Component
    3. Based on the technology
    4. Based on the end user
    5. Based on geographical presence
  7. Major Roadblocks for the Market Growth
  8. Government Regulation: How they would aid business?
  9. Technology Transition and Adoption Analysis
  10. Industry Risk Analysis
  11. World Economic Outlook: Challenges for Global Recovery and its Impact on Global Smart Watering Metering Market
    1. Ukraine-Russia crisis
    2. Potential US economic slowdown
  12. Impact of COVID-19 on Global Smart Water Metering Market
  13. Recent Trends and Developments of the Global Smart Water Metering Market
  14. Industry Pricing Benchmarking & Analysis
  15. Industry Growth Outlook
  16. Industry Supply Chain Analysis
  17. End-Use Industry Analysis
  18. Product Feature Analysis
  19. Competitive Positioning
  20. Competitive Model: A Detailed Inside View for Investors
    1. Market share analysis, 2022
      1. Market share Analysis of Major Players (%), 2022
    2. Competitive benchmarking
      1. Neptune Technology Group
        1. Detailed overview
        2. Assessment of key offering
        3. Analysis of growth strategies
        4. Exhaustive analysis on key financial indicators
        5. Recent developments and strategies
      2. Kamstrup
      3. Honeywell International Inc.
      4. Badger Meter, Inc
      5. Landis+Gyr
      6. Sensus
      7. Taggle Systems Pty Ltd
      8. Itron
      9. wasion group
      10. EWS Australia
      11. Other prominent players
  21. Global Smart Watering Metering Market Outlook & Projections, Opportunity Assessment, 2022-2033
    1. Market Overview
    2. By Value (USD million)
    3. By Volume (thousand units)
    4. Global Smart Watering Market Segmentation Analysis 2022-2033
      1. By Type
        1. Electromagnetic Meter, 2022-2033F (USD million) & (thousand units)
        2. Ultrasonic Meter, 2022-2033F (USD million) & (thousand units)
        3. Mechanical Meter, 2022-2033F (USD million) & (thousand units)
      2. By Component
        1. IT Solutions, 2022-2033F (USD million)
        2. Communications, 2022-2033F (USD million)
        3. Meters & Accessories, 2022-2033F (USD million)

 

  1. By Product
    1. AMR, 2022-2033F (USD million)
    2. AMI, 2022-2033F (USD million)

 

  1. By End User
    1. Commercial, 2022-2033F (USD million) & (thousand units)
    2. Industrial, 2022-2033F (USD million) & (thousand units)
    3. Residential, 2022-2033F (USD million) & (thousand units)

 

  1. By Region
    1. North America, 2022-2033F (USD million) & (thousand units)
    2. Europe, 2022-2033F (USD million) & (thousand units)
    3. Asia Pacific, 2022-2033F (USD million) & (thousand units)
    4. Latin America, 2022-2033F (USD million) & (thousand units)
    5. Middle East & Africa, 2022-2033F (USD million) & (thousand units)

 

  1. North America Smart Water Metering Market Demand Outlook & Projections, 2022 to 2033: A Comprehensive Study for Stakeholders
    1. Market Overview
    2. Analysis on Govt. Guidelines, trend in the region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    4. Market Revenue by Volume (thousand units) and Compound Annual Growth Rate (CAGR)
    5. Year-on-Year (Y-o-Y) Growth Trend Analysis
    6. North America Smart Water Metering Market Outlook & Projections, Opportunity Assessment by Types, 2022-2033
      1. By Type
        1. Electromagnetic Meter, 2022-2033F (USD million) & (thousand units)
        2. Ultrasonic Meter, 2022-2033F (USD million) & (thousand units)
        3. Mechanical Meter, 2022-2033F (USD million) & (thousand units)
      2. By Component
        1. IT Solutions, 2022-2033F (USD million)
        2. Communications, 2022-2033F (USD million)
        3. Meters & Accessories, 2022-2033F (USD million)

 

  1. By Product
    1. AMR, 2022-2033F (USD million)
    2. AMI, 2022-2033F (USD million)

 

  1. By End User
    1. Commercial, 2022-2033F (USD million) & (thousand units)
    2. Industrial, 2022-2033F (USD million) & (thousand units)
    3. Residential, 2022-2033F (USD million) & (thousand units)
  2.  By Country
    1. US, 2022-2033F (USD million) & (thousand units)
    2. Canada, 2022-2033F (USD million) & (thousand units)

 

  1. Europe Smart Water Metering Market Demand Outlook & Projections, 2022 to 2033: A Comprehensive Study for Stakeholders
    1. Market Overview
    2. Analysis on Govt. Guidelines, trend in the region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    4. Market Revenue by Volume (thousand units) and Compound Annual Growth Rate (CAGR)
    5. Year-on-Year (Y-o-Y) Growth Trend Analysis
    6. Europe Smart Water Metering Market Outlook & Projections, Opportunity Assessment by Types, 2022-2033
      1. By Type
      2. By Component
      3. By Product

 

  1. By End User
  2. By Country
    1. UK, 2022-2033F (USD million) & (thousand units)
    2. Germany, 2022-2033F (USD million) & (thousand units)
    3. Italy, 2022-2033F (USD million) & (thousand units)
    4. France, 2022-2033F (USD million) & (thousand units)
    5. Spain, 2022-2033F (USD million) & (thousand units)
    6. Russia, 2022-2033F (USD million) & (thousand units)
    7. Netherlands, 2022-2033F (USD million) & (thousand units)
    8. Rest of Europe, 2022-2033F (USD million) & (thousand units)

 

  1. Asia Pacific Smart Water Metering Market Demand Outlook & Projections, 2022 to 2033: A Comprehensive Study for Stakeholders
    1. Market Overview
    2. Analysis on Govt. Guidelines, trend in the region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    4. Market Revenue by Volume (thousand units) and Compound Annual Growth Rate (CAGR)
    5. Year-on-Year (Y-o-Y) Growth Trend Analysis
    6. Asia Pacific Smart Water Metering Market Outlook & Projections, Opportunity Assessment by Types, 2022-2033
      1. By Type
      2. By Component
      3. By Product
      4. By End User
      5. By Country
        1. Australia, 2022-2033F (USD million) & (thousand units)
        2. Japan, 2022-2033F (USD million) & (thousand units)
        3. Singapore, 2022-2033F (USD million) & (thousand units)
        4. South Korea, 2022-2033F (USD million) & (thousand units)
        5. India, 2022-2033F (USD million) & (thousand units)
        6. New Zealand, 2022-2033F (USD million) & (thousand units)
        7. China, 2022-2033F (USD million) & (thousand units)
        8. Rest of Asia Pacific, 2022-2033F (USD million) & (thousand units)

 

  1. New Zealand Smart Water Metering Market Demand Outlook & Projections, 2022 to 2033: A Comprehensive Study for Stakeholders
    1. Market Overview
    2. Analysis on Govt. Guidelines, trend in the region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    4. Market Revenue by Volume (thousand units) and Compound Annual Growth Rate (CAGR)
    5. Year-on-Year (Y-o-Y) Growth Trend Analysis
    6. New Zealand Smart Water Metering Market Outlook & Projections, Opportunity Assessment by Types, 2022-2033
      1. By Type
      2. By Component
      3. By Product
      4. By End User

 

  1. Australia Smart Water Metering Market Demand Outlook & Projections, 2022 to 2033: A Comprehensive Study for Stakeholders
    1. Market Overview
    2. Analysis on Govt. Guidelines, trend in the region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    4. Market Revenue by Volume (thousand units) and Compound Annual Growth Rate (CAGR)
    5. Year-on-Year (Y-o-Y) Growth Trend Analysis
    6. Australia Smart Water Metering Market Outlook & Projections, Opportunity Assessment by Types, 2022-2033
      1. By Type
      2. By Component
      3. By Product
      4. By End User

 

  1. Latin America Smart Water Metering Market Demand Outlook & Projections, 2022 to 2033: A Comprehensive Study for Stakeholders
    1. Market Overview
    2. Analysis on Govt. Guidelines, trend in the region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    4. Market Revenue by Volume (thousand units) and Compound Annual Growth Rate (CAGR)
    5. Year-on-Year (Y-o-Y) Growth Trend Analysis
    6. Latin America Smart Water Metering Market Outlook & Projections, Opportunity Assessment by Types, 2022-2033
      1. By Type
      2. By Component
      3. By Product
      4. By End User
      5. By Country
        1. Brazil, Market Value (USD Million), Market Volume (Thousand Units), CAGR, 2022-2033F
        2. Mexico, Market Value (USD Million), Market Volume (Thousand Units), CAGR, 2022-2033F
        3. Argentina, Market Value (USD Million), Market Volume (Thousand Units), CAGR, 2022-2033F
        4. Rest of Latin America, Market Value (USD Million), Market Volume (Thousand Units), CAGR, 2022-2033F
  2. Middle East & Africa Smart Water Metering Market Demand Outlook & Projections, 2022 to 2033: A Comprehensive Study for Stakeholders
    1. Market Overview
    2. Analysis on Govt. Guidelines, trend in the region & Impact on Y-O-Y Revenue
    3. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    4. Market Revenue by Volume (thousand units) and Compound Annual Growth Rate (CAGR)
    5. Year-on-Year (Y-o-Y) Growth Trend Analysis
    6. Middle East & Africa Smart Water Metering Market Outlook & Projections, Opportunity Assessment by Types, 2022-2033
      1. By Type
      2. By Component
      3. By Product
      4. By End User
      5. By Country
        1. GCC, 2022-2033F (USD million) & (thousand units)
        2. Israel, 2022-2033F (USD million) & (thousand units)
        3. South Africa, 2022-2033F (USD million) & (thousand units)
        4. Rest of Latin America, 2022-2033F (USD million) & (thousand units)

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Smart Water Metering Market size is estimated to cross USD 21.70 billion by the end of 2033, growing at a CAGR of 10.96% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of smart water metering was around USD 6.95 billion. The demand for smart water metering is attributed to the increasing demand for digitalization in water industry operations and growing investments in installing smart water meters.


Smart Water Metering Market
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Smart Water Metering Market: Growth Drivers and Challenges

Growth Drivers

  • Need for Smart Water Metering to Optimize Water Consumption- The optimized consumption of water is the need of the hour. Rising water demand follows population growth, economic development and growth, climate change, and changing consumption patterns which are the most prominent factors responsible for increased water stress across the globe. As per the US EPA, a typical household's leaks waste about 10,000 gallons of water per year, and 10% of households have leaks that waste over ninety gallons of water every single day. Fixing easily corrected water leaks (household) can save homeowners about 10% on their water bills. Smart water metering helps utilities to collect consumption data automatically by improving efficiency and provides an opportunity to detect leaks and abnormal consumption.
  • Government Initiatives for Smart Water Metering – Smart water meters’ demand is increasing owing to government efforts and investments. For instance: In March 2022, in Australia, Optus Networks Australia received the contract for Advanced Metering Infrastructure (AMI) Smart Water Meter for the Toowoomba Regional Council (TRC) for the implementation of at most 68,000 smart water meters to deliver real-time water usage updates, accurate data, and early detection of leaks. Council TRC worked with OPTUS, Iota, and GreenBe to create the logistics and processes needed to execute this technology.
  • Growing Awareness Towards Managing Issues Related to Water Scarcity - According to the UN Convention to Combat Desertification report in 2022, water, climate, and weather hazards have accounted for 50% of all disasters and impact 55 million people globally annually. The report also mentioned that 2.3 billion people face water stress every year.  According to the Organization for Economic Co-operation and Development (OECD), more than 40% of the world’s population lives in water-stressed areas, and water demand is predicted to rise by 55% over the next 30 years. Furthermore, according to the World Health Organization, an estimated 55 million people globally are affected by droughts annually.

Challenges

  • High Cost of Smart Water Meter Installation - Total AMI procurement and installation costs for water that included the cost of the meter, and a range of non-meter fixed costs, such as data management systems and primarily communications equipment upgrades. Moreover, other non-hardware costs included software & licensing fees, installation labor, information technology testing, and project management. According to a recent analysis, the average smart water meter deployment cost ranges up to USD 180 per meter. However, the cost varies from project to project owing to the differences in meter, communications, data management, and other costs.
  • Lack of Accessibly to Communication Networks
  • Operational Issues Related to Smart Water Metering

Smart Water Metering Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

10.96%

Base Year Market Size (2022)

USD 6.95 billion

Forecast Year Market Size (2033)

USD 21.70 billion

Regional Scope

  • North America (U.S., and Canada)
  • Europe (U.K., Germany, Italy, France, Spain, Russia, Netherlands, Rest of Europe)
  • Asia-Pacific (Australia, Japan, Singapore, South Korea, India, New Zealand, China, Rest of Asia-Pacific)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Middle East& Africa (GCC, Israel, South Africa, Rest of Middle East & Africa)
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Smart Water Metering Segmentation

Component (IT Solutions, Communications, Meters & Accessories)

Smart water metering market from the meter & accessories segment is estimated to generate a revenue of USD 12.76 billion by the end of 2033. This is impelled by the rising initiatives to install a higher number of smart water meters. For instance, in 2020, Anglian Water started the installation of 1.1 million smart water meters for businesses and homes as part of a five-year project by investing more than USD 200.6 million. Since, water consumption has increased by 10% with the significant pressure of a changing climate and fast-growing population in the driest region of the UK. In addition, the San Francisco Public Utilities Commission (SFPUC) installed identical automatic water meters in almost 96% of the city's 178,000 water customers. This meter transfer information related to water consumption and helps utilities use this data to bill users over a wireless network.

Product (AMR, AMI)

By the end of 2035, the AMI segment in the smart water metering market is anticipated to garner the largest revenue of USD 16.88 billion. The segment is further expected to grow at a CAGR of 11.44% during the forecast period. AMI meter data is sent through a fixed network to utilities. The utility can use the data to enhance operational efficiencies and sustainability by monitoring water usage effectively, detecting malfunctions, and recognizing irregularities. AMI can help utilities reduce nonrevenue water by allowing them to pinpoint leaks accurately and instances of potential theft. For instance, in the United States, the Environmental Protection Agency estimated that the average family wastes 180 gallons every week, or 9,400 gallons of water every year, from household leaks. 

Our in-depth analysis of the global Smart Water Metering Market includes the following segments:

          Type

  • Electromagnetic Meter
  • Ultrasonic Meter
  • Mechanical Meter

          Component

  • IT Solutions
  • Communications
  • Meters & Accessories

          Product

  • AMR
  • AMI

          End User

  • Commercial
  • Industrial
  • Residential
 

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Smart Water Metering Industry- Regional Synopsis

North American Market Forecast

The North America smart water metering market is projected to hold a significant market share of USD 10.76 billion by the end of 2033.  The regulatory environment is propelling water utilities to introduce advanced water meters to monitor the distribution network, and surging government initiatives are expected to drive the market in the region. For example, the California Public Utilities Commission (CPUC) authorized San Jose Water's request to deploy Advanced Metering Infrastructure (AMI or smart meters) in June 2022. The Company planned to invest in this technology at approximately USD 100 million for the next four years, which supports customer service and environmental goals. Besides, in March 2022, Greater Sudbury installed smart water meters at homes and businesses to eliminate the need for most in-person meter readings. In addition, a USD 50-a-month manual meter read fee would be charged as a penalty if people don't get a smart meter installed.

APAC Market Analysis

The Asia Pacific smart water metering market is projected to grow at the highest rate with a CAGR of 12.42% due to the increasing smart city projects in recent years and growing investments in the region. For instance, in India, 4,436 out of 7,902 projects are completed under the government’s ambitious Smart Cities Mission (SCM), which aims to build 100 smart cities by offering housing for everyone, better infrastructure, and ample developed open spaces. In one of the cities named Noida, the authority has started the installation of 5,000 smart water meters in the first phase and aims at ending water wastage and bringing more transparency in billings. In April 2021, SP Group (SP) rolled out Singapore’s first large-scale smart water metering project appointed by the National water agency PUB to install 300,000 automated water meters in new and existing industrial, residential, and commercial premises by 2024 and is about to complete installation for all 1.4 million households.

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Smart Water Metering Market Size
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Companies Dominating the Smart Water Metering Landscape

top-features-companies
    • Neptune Technology Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Kamstrup
    • Honeywell International Inc.
    • Badger Meter, Inc
    • Landis+Gyr
    • Sensus
    • Taggle Systems Pty Ltd
    • Itron
    • wasion group
    • EWS Australia

In-the-news

In The News

  • Badger Meter, Inc. acquired Analytical Technology, Inc. for USD 44 million. This acquisition will give Badger Meter a completely comprehensive, robust, and scalable water quality monitoring service which provides on demand real-time data to commercial users and municipal water utilities.
  • Landis+Gyr acquired a Turkey-based supplier of smart meters for electricity, water, and heat as well as related software solutions, Luna Elektrik Elektronik Sanayi ve Ticaret A.Åž., an Izmir.  Landis+Gyr will be able to broaden its reach and provide even greater service to its customers due to Luna's selection of hardware and software, which completes its portfolio.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5090
  • Published Date: Jul 15, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Need for smart water metering to optimize water consumption and government initiatives are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 10.96% over the forecast period, i.e., 2023-2033.

The major players in the market are Neptune Technology Group, Kamstrup, Honeywell International Inc., Badger Meter, Inc, Landis+Gyr, Sensus, Taggle Systems Pty Ltd, Itron, wasion group, EWS Australia and others.

The ultrasonic meter smart water metering segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Smart Water Metering Market Report Scope
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