Global Smart Water Metering Market is valued approximately USD 5.28 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2022-2029. Smart water metering is an enhanced electronic application designed to enable the utilities to automatically collect consumption data, improve efficiency, eliminate manual meter reading, and save costs. The Smart Water Metering market is expanding because of factors such as increasing development of the smart city infrastructure and rising adoption of smart technology in water-based industries.
Smart electronic water meters are equipped with next-generation water mapping solutions throughout the supply chain of a water utility and offer reliable monitoring solutions. Its prevalence has progressively increased during the last few decades. According to Statista, the projected revenue for smart city technologies, products, and services generated by companies located in Asia is forecast to reach USD 42.96 billion in 2021. Asia is forecast to show the highest growth over the next years with smart city revenues set to almost triple from 2020 to 2025. Furthermore, the projected global revenue of startups active in the smart city utilities technology sector is forecast to reach USD 10.75 billion in 2021. Another important component driving space increase is the rising adoption of smart technology in water-based industries. According to Statista, size of the smart water metering systems market in the United States is projected to reach USD 3.8 billion by 2024. However, lack of government initiatives stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Smart Water Metering Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the to the government initiatives for reduction in non-revenue water along with development of smart city infrastructure in the US and Canada. Furthermore, Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as increasing urbanization and industrial development as well as manufacturing units in the market space.
Major market players included in this report are:
- Badger Meter
- Kamstrup
- Diehl
- Landis+Gyr
- Aclara Technologies
- Sensus
- Itron
- Datamatic
- Elster Group
- Arad Group
Recent Developments in the Market:
- In February 2022, Biocon announced the acquisition of Viatris' biosimilar portfolio for USD 3.335 billion. This acquisition strengthened Biocon's biosimilar product portfolio and improved its revenue generation.
Global Smart Water Metering Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Technology, Application, Meter Type, Component, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Meter Type:
- Electromagnetic
- Ultrasonic
- Mechanical
By Technology:
- Advanced Metering Infrastructure (AMI)
- Automatic meter reading (AMR)
By Component:
- Meter & Accessories
- IT Solutions
- Communications
By Application:
- Water Utilities
- Industries
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Smart Water Metering Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Smart Water Metering Market, by Meter Type, 2019-2029 (USD Billion)
- 1.2.3. Smart Water Metering Market, by Technology, 2019-2029 (USD Billion)
- 1.2.4. Smart Water Metering Market, by Component, 2019-2029 (USD Billion)
- 1.2.5. Smart Water Metering Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Smart Water Metering Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Smart Water Metering Market Dynamics
- 3.1. Smart Water Metering Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising development of the smart city infrastructure
- 3.1.1.2. Rising adoption of smart technology in water-based industries.
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of government initiatives
- 3.1.3. Market Opportunities
- 3.1.3.1. Replacement of aging infrastructure
Chapter 4. Global Smart Water Metering Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Smart Water Metering Market, by Meter Type
- 6.1. Market Snapshot
- 6.2. Global Smart Water Metering Market by Meter Type, Performance - Potential Analysis
- 6.3. Global Smart Water Metering Market Estimates & Forecasts by Meter Type 2019-2029 (USD Billion)
- 6.4. Smart Water Metering Market, Sub Segment Analysis
- 6.4.1. Electromagnetic
- 6.4.2. Ultrasonic
- 6.4.3. Mechanical
Chapter 7. Global Smart Water Metering Market, by Technology
- 7.1. Market Snapshot
- 7.2. Global Smart Water Metering Market by Technology, Performance - Potential Analysis
- 7.3. Global Smart Water Metering Market Estimates & Forecasts by Technology 2019-2029 (USD Billion)
- 7.4. Smart Water Metering Market, Sub Segment Analysis
- 7.4.1. Advanced Metering Infrastructure (AMI)
- 7.4.2. Automatic meter reading (AMR)
Chapter 8. Global Smart Water Metering Market, by Component
- 8.1. Market Snapshot
- 8.2. Global Smart Water Metering Market by Component, Performance - Potential Analysis
- 8.3. Global Smart Water Metering Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
- 8.4. Smart Water Metering Market, Sub Segment Analysis
- 8.4.1. Meters & Accessories
- 8.4.2. IT Solutions
- 8.4.3. Communications
Chapter 9. Global Smart Water Metering Market, by Application
- 9.1. Market Snapshot
- 9.2. Global Smart Water Metering Market by Application, Performance - Potential Analysis
- 9.3. Global Smart Water Metering Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 9.4. Smart Water Metering Market, Sub Segment Analysis
- 9.4.1. Water Utilities
- 9.4.2. Industries
Chapter 10. Global Smart Water Metering Market, Regional Analysis
- 10.1. Smart Water Metering Market, Regional Market Snapshot
- 10.2. North America Smart Water Metering Market
- 10.2.1. U.S. Smart Water Metering Market
- 10.2.1.1. Meter Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Technology breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Component breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. Application breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Smart Water Metering Market
- 10.3. Europe Smart Water Metering Market Snapshot
- 10.3.1. U.K. Smart Water Metering Market
- 10.3.2. Germany Smart Water Metering Market
- 10.3.3. France Smart Water Metering Market
- 10.3.4. Spain Smart Water Metering Market
- 10.3.5. Italy Smart Water Metering Market
- 10.3.6. Rest of Europe Smart Water Metering Market
- 10.4. Asia-Pacific Smart Water Metering Market Snapshot
- 10.4.1. China Smart Water Metering Market
- 10.4.2. India Smart Water Metering Market
- 10.4.3. Japan Smart Water Metering Market
- 10.4.4. Australia Smart Water Metering Market
- 10.4.5. South Korea Smart Water Metering Market
- 10.4.6. Rest of Asia Pacific Smart Water Metering Market
- 10.5. Latin America Smart Water Metering Market Snapshot
- 10.5.1. Brazil Smart Water Metering Market
- 10.5.2. Mexico Smart Water Metering Market
- 10.5.3. Rest of Latin America Smart Water Metering Market
- 10.6. Rest of The World Smart Water Metering Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Badger Meter
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Kamstrup
- 11.2.3. Diehl
- 11.2.4. Landis+Gyr
- 11.2.5. Aclara Technologies
- 11.2.6. Sensus
- 11.2.7. Itron
- 11.2.8. Datamatic
- 11.2.9. Elster Group
- 11.2.10. Arad Group
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption