Global Smart Water Metering Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 1/12/2023
- NO OF PAGES
- 269
- CATEGORY
- Heavy Industry
Market Overview:
The Global Smart Water Metering Market was valued at USD 5.4 billion in 2022 and expected to grow at a CAGR of 7.2% during the forecast period. The global smart water metering market refers to the market for devices and solutions used to measure, monitor, and manage water consumption in a smart and efficient manner. Smart water meters are advanced devices that use sensors and communication technologies such as radio frequency, cellular, and satellite to remotely measure water usage and transmit the data to a central system. These devices enable utilities to track and analyze water consumption patterns, detect leaks and water losses, and improve the efficiency of water distribution networks. The market includes hardware, software, and services used in smart water metering systems, as well as installation and maintenance services. Smart water metering solutions are widely used in residential, commercial, and industrial applications.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the global smart water metering market. While the market has been negatively impacted by the economic slowdown and supply chain disruptions caused by the pandemic, it has also been driven by the increasing focus on water conservation and management in the wake of the pandemic.
One of the major factors driving the smart water metering market during the pandemic has been the increased demand for remote monitoring and management of water resources. As social distancing and remote work have become the norm in many regions, there has been a growing need for remote monitoring and control of water systems to ensure uninterrupted supply and prevent water loss. Smart water metering solutions have played a key role in enabling utilities to monitor water usage, detect leaks, and optimize their distribution networks remotely.
On the other hand, the pandemic has also led to supply chain disruptions, delayed project timelines, and reduced investments in the market. The economic slowdown and financial constraints have led to a decline in demand for new installations and upgrades of smart water metering systems, especially in emerging economies.
Furthermore, the pandemic has also resulted in a decline in commercial and industrial water usage due to reduced economic activity, which has impacted the demand for smart water metering solutions in these sectors.
Overall, while the COVID-19 pandemic has posed several challenges to the global smart water metering market, it has also created new opportunities for growth and innovation in the industry.
Market Dynamics:
Drivers:
Growing demand for efficient water management: The increasing global population and urbanization are putting a strain on water resources, leading to a growing need for efficient water management. Smart water metering solutions enable utilities to track and analyze water consumption patterns, detect leaks and water losses, and optimize their distribution networks, thereby improving efficiency and reducing water wastage.
Government initiatives and regulations: Governments around the world are implementing regulations and initiatives to promote the adoption of smart water metering solutions. For instance, the EU's Water Framework Directive mandates the use of smart water metering solutions to improve water management and reduce water wastage.
Advancements in communication and sensor technologies: The development of advanced communication and sensor technologies such as IoT, cellular, and satellite communication, and smart sensors, have enabled the deployment of smart water metering solutions in remote and challenging environments.
Increasing awareness about water conservation: The growing awareness about the need for water conservation and sustainability is driving the demand for smart water metering solutions. Consumers are increasingly adopting smart water meters to monitor their water consumption and reduce their water bills.
Cost savings and operational efficiency: Smart water metering solutions enable utilities to reduce their operational costs by eliminating the need for manual meter readings and improving the accuracy of billing. They also help utilities to detect leaks and water losses quickly, reducing the cost of repairs and improving operational efficiency.
Restraints:
High installation and maintenance costs: The initial cost of installing smart water metering systems can be high, which may deter some utilities and consumers from adopting them. Additionally, ongoing maintenance costs can be significant, particularly for older systems that may require more frequent repairs.
Lack of standardization and interoperability: There is currently a lack of standardization and interoperability between different smart water metering systems, which can make it difficult for utilities to integrate new systems into their existing infrastructure. This can increase costs and create inefficiencies.
Limited availability of skilled workforce: The deployment and maintenance of smart water metering systems require skilled technicians and engineers. However, there is a shortage of trained professionals in some regions, which can limit the growth of the market.
Regional Analysis:
North America: The North American smart water metering market is expected to grow significantly due to the increasing adoption of advanced water management solutions by utilities and the implementation of favorable government policies. The United States and Canada are the major countries contributing to the growth of the market in this region.
Europe: Europe is expected to be a lucrative market for smart water metering due to the increasing focus on sustainable water management and the implementation of regulations and policies to encourage the adoption of smart water metering systems. Germany, France, and the United Kingdom are the major countries driving the growth of the market in this region.
Asia-Pacific: The Asia-Pacific smart water metering market is expected to grow at a significant rate due to the increasing population, rapid urbanization, and the need to conserve water resources. China, India, and Japan are the major countries contributing to the growth of the market in this region.
Middle East & Africa: The Middle East & Africa smart water metering market is expected to grow due to the increasing demand for water management solutions in the region, particularly in water-scarce countries. The United Arab Emirates and South Africa are the major countries driving the growth of the market in this region.
Latin America: The Latin America smart water metering market is expected to grow at a moderate rate due to the increasing focus on water conservation and the implementation of regulations to encourage the adoption of smart water metering systems. Brazil and Mexico are the major countries contributing to the growth of the market in this region.
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.
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.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Smart Water Metering market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Smart Water Metering would help in identifying future applications in this market.
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
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Smart Water Metering Revenue
1.4 Market Analysis by Type
1.4.1 Global Smart Water Metering Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Remote Transmitting Water- Meter
1.4.3 Pre-Payment Electricity Meter
1.5 Market by Application
1.5.1 Global Smart Water Metering Market Share by Application: 2023-2032
1.5.2 Residential
1.5.3 Commercial
1.5.4 Industrial
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Smart Water Metering Market
1.8.1 Global Smart Water Metering Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Smart Water Metering Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Smart Water Metering Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Smart Water Metering Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Smart Water Metering Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Smart Water Metering Sales Volume Market Share by Region (2017-2022)
3.2 Global Smart Water Metering Sales Revenue Market Share by Region (2017-2022)
3.3 North America Smart Water Metering Sales Volume
3.3.1 North America Smart Water Metering Sales Volume Growth Rate (2017-2022)
3.3.2 North America Smart Water Metering Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Smart Water Metering Sales Volume
3.4.1 East Asia Smart Water Metering Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Smart Water Metering Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Smart Water Metering Sales Volume (2017-2022)
3.5.1 Europe Smart Water Metering Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Smart Water Metering Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Smart Water Metering Sales Volume (2017-2022)
3.6.1 South Asia Smart Water Metering Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Smart Water Metering Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Smart Water Metering Sales Volume (2017-2022)
3.7.1 Southeast Asia Smart Water Metering Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Smart Water Metering Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Smart Water Metering Sales Volume (2017-2022)
3.8.1 Middle East Smart Water Metering Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Smart Water Metering Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Smart Water Metering Sales Volume (2017-2022)
3.9.1 Africa Smart Water Metering Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Smart Water Metering Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Smart Water Metering Sales Volume (2017-2022)
3.10.1 Oceania Smart Water Metering Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Smart Water Metering Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Smart Water Metering Sales Volume (2017-2022)
3.11.1 South America Smart Water Metering Sales Volume Growth Rate (2017-2022)
3.11.2 South America Smart Water Metering Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Smart Water Metering Sales Volume (2017-2022)
3.12.1 Rest of the World Smart Water Metering Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Smart Water Metering Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Smart Water Metering Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Smart Water Metering Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Smart Water Metering Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Smart Water Metering Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Smart Water Metering Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Smart Water Metering Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Smart Water Metering Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Smart Water Metering Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Smart Water Metering Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Smart Water Metering Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Smart Water Metering Sales Volume Market Share by Type (2017-2022)
14.2 Global Smart Water Metering Sales Revenue Market Share by Type (2017-2022)
14.3 Global Smart Water Metering Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Smart Water Metering Consumption Volume by Application (2017-2022)
15.2 Global Smart Water Metering Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Smart Water Metering Business
16.1 Honeywell International Inc
16.1.1 Honeywell International Inc Company Profile
16.1.2 Honeywell International Inc Smart Water Metering Product Specification
16.1.3 Honeywell International Inc Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Itron Inc
16.2.1 Itron Inc Company Profile
16.2.2 Itron Inc Smart Water Metering Product Specification
16.2.3 Itron Inc Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 Elster Gmbh
16.3.1 Elster Gmbh Company Profile
16.3.2 Elster Gmbh Smart Water Metering Product Specification
16.3.3 Elster Gmbh Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Datamatic Inc
16.4.1 Datamatic Inc Company Profile
16.4.2 Datamatic Inc Smart Water Metering Product Specification
16.4.3 Datamatic Inc Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 Landis+Gyr Ag
16.5.1 Landis+Gyr Ag Company Profile
16.5.2 Landis+Gyr Ag Smart Water Metering Product Specification
16.5.3 Landis+Gyr Ag Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 Osaki Electric Co Ltd
16.6.1 Osaki Electric Co Ltd Company Profile
16.6.2 Osaki Electric Co Ltd Smart Water Metering Product Specification
16.6.3 Osaki Electric Co Ltd Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 Icsa (India) Limited
16.7.1 Icsa (India) Limited Company Profile
16.7.2 Icsa (India) Limited Smart Water Metering Product Specification
16.7.3 Icsa (India) Limited Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 Siemens Ag
16.8.1 Siemens Ag Company Profile
16.8.2 Siemens Ag Smart Water Metering Product Specification
16.8.3 Siemens Ag Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Schneider Electric Se
16.9.1 Schneider Electric Se Company Profile
16.9.2 Schneider Electric Se Smart Water Metering Product Specification
16.9.3 Schneider Electric Se Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 Iskraemeco
16.10.1 Iskraemeco Company Profile
16.10.2 Iskraemeco Smart Water Metering Product Specification
16.10.3 Iskraemeco Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.11 Kamstrup A/S
16.11.1 Kamstrup A/S Company Profile
16.11.2 Kamstrup A/S Smart Water Metering Product Specification
16.11.3 Kamstrup A/S Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.12 Master Meter Inc
16.12.1 Master Meter Inc Company Profile
16.12.2 Master Meter Inc Smart Water Metering Product Specification
16.12.3 Master Meter Inc Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.13 Aclara Technologies Llc
16.13.1 Aclara Technologies Llc Company Profile
16.13.2 Aclara Technologies Llc Smart Water Metering Product Specification
16.13.3 Aclara Technologies Llc Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.14 Badger Meter Inc
16.14.1 Badger Meter Inc Company Profile
16.14.2 Badger Meter Inc Smart Water Metering Product Specification
16.14.3 Badger Meter Inc Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.15 Neptune Technology Group Inc
16.15.1 Neptune Technology Group Inc Company Profile
16.15.2 Neptune Technology Group Inc Smart Water Metering Product Specification
16.15.3 Neptune Technology Group Inc Smart Water Metering Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Smart Water Metering Manufacturing Cost Analysis
17.1 Smart Water Metering Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Smart Water Metering
17.4 Smart Water Metering Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Smart Water Metering Distributors List
18.3 Smart Water Metering Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Smart Water Metering (2023-2032)
20.2 Global Forecasted Revenue of Smart Water Metering (2023-2032)
20.3 Global Forecasted Price of Smart Water Metering (2017-2032)
20.4 Global Forecasted Production of Smart Water Metering by Region (2023-2032)
20.4.1 North America Smart Water Metering Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Smart Water Metering Production, Revenue Forecast (2023-2032)
20.4.3 Europe Smart Water Metering Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Smart Water Metering Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Smart Water Metering Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Smart Water Metering Production, Revenue Forecast (2023-2032)
20.4.7 Africa Smart Water Metering Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Smart Water Metering Production, Revenue Forecast (2023-2032)
20.4.9 South America Smart Water Metering Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Smart Water Metering Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Smart Water Metering by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Smart Water Metering by Country
21.2 East Asia Market Forecasted Consumption of Smart Water Metering by Country
21.3 Europe Market Forecasted Consumption of Smart Water Metering by Countriy
21.4 South Asia Forecasted Consumption of Smart Water Metering by Country
21.5 Southeast Asia Forecasted Consumption of Smart Water Metering by Country
21.6 Middle East Forecasted Consumption of Smart Water Metering by Country
21.7 Africa Forecasted Consumption of Smart Water Metering by Country
21.8 Oceania Forecasted Consumption of Smart Water Metering by Country
21.9 South America Forecasted Consumption of Smart Water Metering by Country
21.10 Rest of the world Forecasted Consumption of Smart Water Metering by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
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