Europe Smart Water Meter Market Report and Forecast 2024-2032

Europe Smart Water Meter Market Outlook

The Europe smart water meter market size is expected to grow at a CAGR of 8.60% in the forecast period between 2024 and 2032, driven by the growing need for efficient utilisation of resources.

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Key Trends in the Market

Smart water meters are electronic devices primarily used by water utilities to assess water inflow and consumption remotely using wireless communication and IoT-enabled platforms. They provide users and service providers with greater benefits than conventional meters, such as better data precision and accuracy. Additionally, they assist in finding leaks and excessive water use.

• The Europe smart water meter market is expanding primarily due to steps made to reduce non-revenue water, the growing demand for resource efficiency, and rapid technology improvements that allow for the integration of advanced metering infrastructure with IoT-enabled platforms.

• Other significant factors that are anticipated to drive the Europe smart water meter market include favourable policies by various governments for the adoption of smart water meters, significant investments in developing smart city infrastructure, and strict regulations by governments to reduce household, commercial, and utility water waste.

• The adoption of smart water meters is driven by the urgent demand for optimal water use in water-scarce places. According to a study by the European Environment Agency (EEA), on an average, 30% of Europe's population experiences water stress each year. Climate change is anticipated to worsen the issue by increasing the frequency and severity of droughts.

• Water utility providers are placing more and more emphasis on smart water metering as a way to improve operational effectiveness. Customers who use smart water meters have substantial advantages over those who use traditional water meters since they can acquire more accurate information about their water usage. Smart water metering systems can assist in analysing water usage more accurately, reduce water waste, and help save money. These advantages are increasing interest in smart water meters.

Europe Smart Water Meter Market Analysis

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Based on meter type, the market is segmented into electromagnetic meter, ultrasonic meter, and mechanical meter. The market, on the basis of technology, can be divided into AMR and AMI. On the basis of end use, the Europe smart water meter market can be segmented into residential, commercial, and industrial. The major countries in the market are United Kingdom, Germany, France, and Italy, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Europe smart water meter market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

• WATERTECH S.p.A.

• Badger Meter, Inc.

• Landis+Gyr AG

• ZENNER International GmbH & Co. KG

• Sensus, (a Xylem brand)

• Others

Market Share by Technology

The AMI segment occupies a sizable share of the Europe smart water meter market due to the operational benefits of two-way communication and improved accuracy it offers. It enables the utility provider and user to record water statistics in real-time. Multiple times during the day, the data is captured, providing a variety of statistics such real-time use, time of use, and peak consumption. This makes it much easier to improve operations and handle customers better. 

Additionally, AMI technology makes it quicker and simpler to locate leaks in the water distribution system. This results in early damage identification and repair, saving on costly replacements. The enormous volumes of data also makes it possible to pinpoint potential trouble spots in the water system. This makes it easier to allocate resources to the regions that require the most repair, helping fix the system and increasing the life of the assets. 

Market Share by Country

Within Europe, Germany, France, the United Kingdom, and Italy are anticipated to become the significant markets, due to greater administrative attention and growing initiatives by the governments in the region for water meter subsidies. The Europe smart water meter market is expected to grow rapidly in the United Kingdom over the forecast period. 

In the United Kingdom, a number of government programmes aimed at reducing water meter tampering and non-revenue water spending are having a favourable impact on smart water meter market expansion. Further, the growing research and development efforts being made by major market players in the country to improve user-interface features like consumer apps, leakages alerts, and hour-by-hour consumption readings will likely increase the adoption of smart water meters in the region over the coming years.

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Competitive Landscape

WATERTECH S.p.A., is a leading Italy-based manufacturer of water meters, with an average production of around 1 million water meters annually. Its meters are fully certified with the EEC 75/33 and MID 2004/22/CE Directives, and includes a vast range of metering types. Water meter plastic components are produced in Germany while assembly and final calibration takes place in Italy. 

Badger Meter, Inc., with its headquarters in the United States, develops cutting-edge flow measurement, water quality, and control solutions for water utilities, municipalities, and commercial and industrial clients around the world. The company's products are used in a variety of applications to measure and regulate the flow of liquids and gases. Badger products include water meters and related systems, wastewater meters, industrial process meters, automotive fluid meters, tiny valves, and natural gas instruments.  

Landis+Gyr AG, founded in 1896 with its global headquarters in Switzerland, is a major international provider of integrated energy management systems. The business tracks and examines energy use to produce insightful insights for smart grid and infrastructure management, enabling utilities and customers to use less energy. Its offerings include devices such as water products, communication networks, grid management, and gas products. 

Other market players include ZENNER International GmbH & Co. KG and Sensus, (a Xylem brand), among others.

Key Highlights of the Report