Smart Water Metering Market Size & Growth | Report 2022, 2028

report image

Smart Water Metering Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Automatic Meter Reader and Advanced Metering Infrastructure), Component (Controlling Units, Display Storage & Integrated Software, and Others), Application (Residential and Industrial), and Meter Type (Ultrasonic Meters, Electromagnetic Meters, and Electromechanical Meters)

Publication Month: Jan 2023 | Report Code: TIPTE100000347 | No. of Pages: 199 | Category: Electronics and Semiconductor | Status: Published

The smart water metering market is expected to be valued at US$ 3,359.84 million in 2022 and is expected to reach US$ 5,954.65 million by 2028; it is estimated to grow at a CAGR of 10.0% from 2022 to 2028.

Different nodes of the smart water metering market ecosystem include component suppliers, smart water metering market players, and end users. The components suppliers in the global smart water metering market provide different components such as display panels, valves, pins, connector slots, and other components to the smart water meter system manufacturers. The smart meter market players then utilize the components while assembling those components to make the final products. The key smart water metering market players include Arad Ltd, Badger Meter Inc, Bmeters SRL, Diehl Stiftung & Co KG, Itron Inc, Kamstrup AS, Mueller Water Products Inc, Neptune Technology Group Inc, Sensus USA Inc, and WAVIoT Integrated Systems LLC. 

These companies then collaborate with different smart water meter system integrators and different governments to integrate smart water meters into any water distribution infrastructure across different projects. Many companies operating across different nodes of the smart water metering market ecosystem have been analyzed to get a holistic view of the overall smart water metering market size across the world.

Further, Asia Pacific is expected to highest smart water metering market growth during the forecast period. This can be attributed to the increasing urbanization across emerging countries such as India and Southeast Asian countries. Moreover, the development of smart cities across the region is augmenting the growth of smart grids, which is again bolstering the demand for smart and automated systems for city operations management. In addition, governments across India and other emerging Asia Pacific countries have been launching initiatives to develop smart grid infrastructure in their respective countries, which is further likely to boost the deployment of smart water meters across the region. For instance, in September 2022, Pune Municipal Corporation (PMC) of India announced its plans to deploy more than 275,000 smart water meters across different locations of the city. Such initiatives are expected to generate new market opportunities for smart water metering market players during the forecast period.

Strategic Insights

Report Coverage - Smart Water Metering Market
Report CoverageDetails
Market Size Value inUS$ 3,359.84 million in 2022
Market Size Value byUS$ 5,954.65 million by 2028
Growth rateCAGR of 10.0% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages199
No. of Tables110
No. of Charts & Figures99
Historical data availableYes
Segments coveredType, Component, Application, and Meter Type
Free Sample Copy Available

Impact of COVID-19 Pandemic on South America Smart Water Metering Market

The COVID-19 pandemic led to a strong decline in the shipments of overall water meters across South America, which also impacted the deployment of smart water meters across the region. According to Synergy BV (one of the leading energy companies in South America), the overall shipments of water meters across South America declined by 11% during the FY 2020 due to factors such as lack of availability of labor, increased demand and supply gap due to supply chain disruption challenges, and delay in smart water meter deployment and smart grid integration projects across the region. This has negatively impacted the South America smart water metering market size during the COVID-19 pandemic in FY 2020. However, the demand for smart water meters across the region is expected to recover slowly during the forecast period with the relaxation of containment measures.

Lucrative Regions for Smart Water Metering Market

Lucrative Regions for Smart Water Metering Market

Get more information on this report :

Market Insights – Smart Water Metering Market

Tremendous Growth in Smart City Initiatives Drives Smart Water Metering Market Growth

One of the most crucial pieces of a city is its water supply system. With the increasing population, it is inevitable that the demand for water consumption will increase exponentially. A city’s water distribution channel and management systems must be viable over a longer period to maintain consistent growth, and they should be integrated with technologies capable of monitoring and checking water loss issues. Various developed and developing nations across the globe are witnessing a paradigm shift to smart cities. Governments of various countries are adopting smart cities, thereby investing in the development of internet infrastructure in the countries with an aim to bring robust urbanization. The US is experiencing a huge growth in the number of cities transforming into smart cities, especially focused on energy, traffic, and transportation. European countries are also emphasizing on smart cities in order to enhance their infrastructures. Currently, European countries are accentuating to transform energy, mobility, transport, and ICT industries into smart technology. In Asia Pacific, China, India, and Southeast Asian countries such as Singapore and Malaysia are constantly upgrading their cities with advanced technologies. The demand for smart water meters is anticipated to witness an exponential growth in these smart cities as the smart city initiatives majorly focus on the energy sector. The water utilities in all countries cater to energy sectors as the energy generation sector is one of the prominent consumers of water. Due to the advancement of energy sectors in smart cities, the future of smart water metering market growth is also anticipated to be promising.

Type-Based Market Insights

Based on type, the smart water metering market is bifurcated into advanced metering infrastructure and automatic meter reader. The automatic meter reader segment accounted for a larger market share in 2021 in the global smart water metering market. The automatic meter reader records are applicable in every industry as it aids in automatic recording of water consumption, diagnose the pattern of water consumption, and then transfers the collected and diagnosed data to the designed database for operator’s use.

The smart water metering market players mainly adopt inorganic growth strategies to stay competitive in the smart water metering market.

  • In February 2022, Diehl Metering announced the launch of its new offices, production area, and warehouse in China. This will help the company to expand its business across the country and APAC by locally producing the meters.
  • In May 2021, Mueller Water Products Inc—in collaboration with Ferguson Waterworks—announced the deployment of LoRaWAN Class B endpoints I Florence. The solution offers flexibility and easy integration of remote disconnect meters (RDM), leak detection, and pressure monitoring systems.

Company Profiled

  • Arad Ltd
  • Badger Meter Inc
  • Bmeters SRL
  • Diehl Stiftung & Co KG
  • Itron Inc
  • Kamstrup AS
  • Mueller Water Products Inc
  • Neptune Technology Group Inc
  • Sensus USA Inc
  • WAVIoT Integrated Systems LLC

Frequently Asked Questions

The UK, Germany, France, and Canada are expected to register high growth rate during the forecast period
Increase in Demand for Smart Water Meters with the Increase in Smart City Initiatives
Itron Inc, Neptune Technology Group Inc, Sensus USA Inc, Elster AMCO, and Badger Meter Inc are the key market players expected to hold a major market share of smart water metering market in 2022
Europe is expected to register highest CAGR in the smart water metering market during the forecast period (2022-2028)
The estimated global market size for the smart water metering market in 2022 is expected to be around US$ 3,359.84 million
1. Increasing Water Scarcity and Misuse of Water
2. Non-revenue Water Monitoring and Control Generating the Demand for Smart Water Meters
3. Increasing Number of Smart Water Meter Projects Across Different Regions
The US is expected to hold a major market share of smart water metering market in 2022
Automatic meter reader segment is expected to hold a major market share of smart water metering market in 2022
The global market size of smart water metering market by 2028 will be around US$ 5,954.65 million
The smart water metering market is expected to register an incremental growth value of US$ 2,594.81 million during the forecast period

The List of Companies - Smart Water Metering Market

  1. Arad Ltd
  2. Badger Meter Inc
  3. Bmeters SRL
  4. Diehl Stiftung & Co KG
  5. Itron Inc
  6. Kamstrup AS
  7. Mueller Water Products Inc
  8. Neptune Technology Group Inc
  9. Sensus USA Inc
  10. WAVIoT Integrated Systems LLC
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global smart water metering market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global smart water metering market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market

Have a Question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
  • $3000
  • $4550
  • $6550
  • $8550

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount