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Smart Water Metering Market Trends

  • 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)

Smart Water Metering Market Trends

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)
Browse Key Market Insights with Data Illustration:

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.
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