Global Smart Water Metering Market

Smart Water Metering Market Size, Share, Growth Analysis, By Technology (AMI, AMR), By Component (Meter & Accessories, Communications), By Meter type, By Application, By Region - Industry Forecast 2024-2031

Report ID: SQMIG45I2126 | Region: Global | Published Date: December, 2024
Pages: 165 | Tables: 89 | Figures: 76

Smart Water Metering Market Regional Insights

The European market dominated the sector and in order to gain economic advantages and encourage sustainable water use, the European market region has implemented many initiatives. These elements, together with more consumer knowledge of smart meters in this region than in other regions, have caused it to have a significant market share. Additionally, the region is home to a large number of independent nations that are implementing these roll-outs with government assistance.

North America is the market's second-largest region after Europe. The U.S. is the largest nation in the area and home to several important companies in the market for smart water meters. In recent years, the deployment of smart meters has grown significantly in Canada.

The highest growth rate is expected for the Asia-Pacific area, with China and other Southeast Asian nations serving as the region's growth engines. The Gulf Cooperation Council (GCC) countries, Brazil, and Mexico are the top countries in rolling out installation plans for these systems, and it is anticipated that the Middle East, Africa, and Latin America will all experience gradual growth.

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FAQs

Global Smart Water Metering Market size was valued at USD 2.03 billion in 2022 and is poised to grow from USD 2.11 billion in 2023 to USD 2.91 billion by 2031, growing at a CAGR of 4.1% during the forecast period (2024-2031).

The demand for smart water metering to optimize water use and the demand for accurate billing are significant factors influencing the growth of the worldwide smart water metering market. Additionally, utilities' increased focus on lowering non-revenue water is anticipated to fuel market expansion. However, a major impediment to early adoption in emerging and key players is the absence of supporting government measures, which restrains the market's expansion. 'Itron Inc. ', 'Kamstrup A/S ', 'Badger Meter, Inc. ', 'Landis+Gyr Group AG ', 'Aclara Technologies LLC ', 'Arad Group ', 'Diehl Metering (Diehl Stiftung & Co. KG) ', 'BMETERS Srl ', 'Neptune Technology Group ', 'Apator S.A. ', 'Honeywell International Inc. ', 'ZENNER International GmbH & Co. KG ', 'Holley Technology ', 'Suntront Tech Co., Ltd. ', 'Maddalena SPA ', 'Waviot ', 'Integra Metering AG ', 'BETAR Company ', 'Axioma Metering ', 'G. Gioanola Srl'

The governments of numerous nations are taking the necessary actions to encourage the sustainable use of water. These actions have been taken as a result of the water demand increasing tremendously over the past ten years due to urbanization and a rapidly growing population. Due to the rise in energy demand, new businesses and places of employment have emerged. Sustainable use has taken on importance in order to meet the water demand that will be present and future. These systems are the greatest option since they have the ability to track water usage across a water utility's supply chain. This has increased the number of water utilities implementing them, which is propelling the growth of the smart water metering market.

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

The European market dominated the sector and in order to gain economic advantages and encourage sustainable water use, the European market region has implemented many initiatives. These elements, together with more consumer knowledge of smart meters in this region than in other regions, have caused it to have a significant market share. Additionally, the region is home to a large number of independent nations that are implementing these roll-outs with government assistance.

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Global Smart Water Metering Market

Report ID: SQMIG45I2126

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