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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Leading the Smart Water Meter Market
The smart water meter industry has seen a considerable rise in North America due to the significant advantages offered by smart water meters as well as government initiatives to support conservation of water as well as to integrate cities with internet/intranet-based services in the form of smart cities. These have seen a considerable rise of smart water meters in residential applications as compared to applications in the industrial sector. Since these apparatuses offer greater asset management, ease in maintenance and easier customer service, they are being considered as valuable investments. In the Asia Pacific region, the demand is expected to shoot up considerably, due to a rapidly growing population, increasing urbanisation and rising industrial development.
Smart Water Meter Market Report Snapshots
Smart Water Meter Market Growth
Smart Water Meter Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global smart water meter market is projected to grow at a CAGR of 19% between 2024 and 2032.
The major drivers of the market include the rising industrial development, increasing penetration of smart water meters, growing popularity of IoT networks, rising development of the smart city infrastructure, and the increasing water scarcity issues across the globe.
The significant advantages offered by smart water meters and government initiatives to support conservation of water are the key trends propelling the market's growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types of smart water meter in the market are electromagnetic meter, ultrasonic meter, and mechanical meter, among others.
The water types in the market include hot water meter and cold water meter.
The technologies involved in the market are AMR and advanced metering infrastructure (AMI).
Meters and accessories, IT solutions, and communications are the components in the market.
The major applications in the market are water utilities and industries, among others.
The key players in the global smart water meter market are Xylem Inc., Aichi Tokei Denki Co. Ltd., Kamstrup A/S, Diehl Stiftung & Co. KG, Hubbell Incorporated, and Landis+Gyr AG, among others.
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