Smart Water Metering Market Overview Analysis, Trends, Share, Size, Type & Future Forecast to 2032

The global Smart water metering market was valued at $4.91 billion in 2020, and is projected to reach $9.73 billion by 2030, growing at a CAGR of 7.5% from 2021 to 2030.

The purpose of smart water metering is to enable utilities to automatically gather usage data, increase efficiency, do away with human metre reading, and save expenses. Additionally, the Wi-Fi water metre used by the Smart water metering system connects LANs or wide area networks, enabling remote location monitoring and infrastructure maintenance through leak detection. The smart water metering system may also be used to bill for natural gas, energy use, and water in the commercial, residential, and industrial sectors. Smart electronic water metres also provide dependable monitoring options and are outfitted with cutting-edge water mapping technologies used across a water utility's supply chain.

Because it tracks water use, an IoT-based smart water metering system is unable to independently change how people use water. Furthermore, businesses may encourage sustainability by reusing Smart water metering equipment because it is made of materials like thermoplastics. Additionally, the increased need for digitalization in the water business is a potential opportunity.

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Due to the growing need for accurate water billing solutions, the market share for smart water metering is anticipated to expand significantly throughout the projected period. The market has also grown as utilities have increased their attention on cutting nonrevenue water. Additionally, the necessity for smart water metering to optimise water use is anticipated to drive the market's growth throughout the anticipated time frame.

However, the absence of government efforts is limiting market expansion. On the other hand, the rapid digitalization of the operations of the water sector is anticipated to offer attractive chances for the expansion of the market for smart water metres throughout the forecast period.

Market Segmentation:

Type: This segment includes advanced metering infrastructure (AMI) and automatic meter reading (AMR) systems.

Component: This segment includes hardware, software, and services.

Technology: This segment includes cellular, fixed network, and radio frequency (RF) communication technologies.

Meter Type: This segment includes volumetric and velocity meters.

Application: This segment includes residential, commercial, and industrial sectors.

End-use: This segment includes water utilities and private users.

End-user: This segment includes residential, commercial, and industrial users.

Region: This segment includes North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

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Competitive Landscape:

The global smart water metering market is highly competitive and fragmented with the presence of several players.

Some of the key players operating in the market are:

Honeywell International Inc.

Siemens AG

Itron Inc.

Landis+Gyr AG

Badger Meter Inc.

Kamstrup A/S

Sensus USA Inc.

Arad Group

Diehl Stiftung & Co. KG

Elster Group GmbH

These companies are constantly focusing on new product development, partnerships, collaborations, and mergers and acquisitions to maintain their market position and expand their geographical presence. For instance, in February 2021, Honeywell announced the launch of a new smart water meter aimed at improving water management for utilities, commercial and residential buildings, and campuses. Similarly, in December 2020, Siemens AG announced a collaboration with a UK-based water technology company to provide advanced digital water solutions.

Global Smart Water Metering Market: Regional Analysis
The countries covered in the regional analysis of the Global Smart Water Metering market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Smart Water Metering Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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