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Press Release:

Global Smart Water Meter Market to Reach US$ 13.1 Billion by 2028, Bolstered by Rising Global Population

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Smart Water Meter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global smart water meter market size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.1 Billion by 2028, exhibiting a growth rate (CAGR) of 11.1% during 2023-2028.

Owing to rapid urbanization and the rising global population, there has been an increase in the demand for water around the world. As a result, the conventionally used analog metering systems are gradually being replaced by smart water meters. This can be attributed to their ability to offer instant and real-time information about water consumption to individuals and the authorities. In addition to this, these meters help in reducing the overall labor cost, keeping track of the exact usage of water and offering a relatively more accurate billing with the ability to detect thefts. Smart water meters also aid water utilities in monitoring consumer usage and adjusting the prices as per the season or time of the day.

 

 
 

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At present, the demand for smart water meters is escalating across the globe as they enable users to conserve water. In addition to this, these meters are tamper-proof and allow utilities to remotely cut-off water supply in case of overdue bills. Moreover, governments in numerous countries are undertaking initiatives to ensure that every household and business firm is offered a smart meter. Some of the other factors that are impelling the market growth include the easy availability of smart water meters, the growing popularity of the Internet of Things (IoT)-based devices, and the development of smart cities across the globe. Furthermore, the development of LPWA (low power wide area) network technologies that provide enhanced coverage and connectivity for smart water meters is anticipated to strengthen the growth of the market in upcoming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart water meter market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, meter type, configuration type, component and application.

Breakup by Product:

 

 
 

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  • Electromagnetic Meter
  • Ultrasonic Meter
  • Electromechanical Meter
  • Others


Breakup by Meter Type:

  • Smart Hot-Water Meter
  • Smart Cold-Water Meter


Breakup by Configuration Type:

  • Automated Meter Reading (AMR)
  • Advanced Metering Infrastructure (AMI)


Breakup by Component:

  • Meters & Accessories
  • IT Solutions
  • Communication System


Breakup by Application:

  • Water Utilities
  • Commercial
  • Industrial
  • Residential


Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Badger Meter, Kamstrup A/S, Diehl Stiftung & Co. KG, Landis+Gyr, Aclara Technologies LLC (Hubbell Incorporated), Sensus Worldwide Holdings Limited (Xylem Inc.), Itron Inc., Zenner International GmbH & Co. KG, Neptune Technology Group (Roper Technologies), etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product, Meter Type, Configuration Type, Component, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Badger Meter, Kamstrup A/S, Diehl Stiftung & Co. KG, Landis+Gyr, Aclara Technologies LLC (Hubbell Incorporated), Sensus Worldwide Holdings Limited (Xylem Inc.), Itron Inc., Zenner International GmbH & Co. KG and Neptune Technology Group (Roper Technologies)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global smart water meter market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global smart water meter market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the meter type?
  • What is the breakup of the market based on the configuration type?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global smart water meter market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Smart Water Meter Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product
    6.1    Electromagnetic Meter
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Ultrasonic Meter
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Electromechanical Meter
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Meter Type
    7.1    Smart Hot-Water Meter
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Smart Cold-Water Meter
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Configuration Type
    8.1    Automated Meter Reading (AMR)
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Advanced Metering Infrastructure (AMI)
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Component
    9.1    Meters & Accessories
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    IT Solutions
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Communication System
        9.3.1 Market Trends
        9.3.2 Market Forecast
10  Market Breakup by Application
    10.1    Water Utilities
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Commercial
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Industrial
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Residential
        10.4.1 Market Trends
        10.4.2 Market Forecast
11  Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12  SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis
14  Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15  Price Indicators
16  Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Badger Meter
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio 
           16.3.1.3 Financials
           16.3.1.4 SWOT Analysis
        16.3.2    Kamstrup A/S
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio 
        16.3.3    Diehl Stiftung & Co. KG
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
        16.3.4    Landis+Gyr
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
           16.3.4.3 SWOT Analysis
        16.3.5    Aclara Technologies LLC (Hubbell Incorporated)
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio 
        16.3.6    Sensus Worldwide Holdings Limited (Xylem Inc.)
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio 
           16.3.6.3 SWOT Analysis
        16.3.7    Itron Inc.
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio 
           16.3.7.3 Financials
           16.3.7.4 SWOT Analysis
        16.3.8    Zenner International GmbH & Co. KG
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio 
        16.3.9    Neptune Technology Group (Roper Technologies)
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio 
           16.3.9.3 SWOT Analysis

List of Figures

Figure 1: Global: Smart Water Meter Market: Major Drivers and Challenges
Figure 2: Global: Smart Water Meter Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Smart Water Meter Market: Breakup by Product (in %), 2022
Figure 4: Global: Smart Water Meter Market: Breakup by Meter Type (in %), 2022
Figure 5: Global: Smart Water Meter Market: Breakup by Configuration Type (in %), 2022
Figure 6: Global: Smart Water Meter Market: Breakup by Component (in %), 2022
Figure 7: Global: Smart Water Meter Market: Breakup by Application (in %), 2022
Figure 8: Global: Smart Water Meter Market: Breakup by Region (in %), 2022
Figure 9: Global: Smart Water Meter Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Smart Water Meter (Electromagnetic Meter) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Smart Water Meter (Electromagnetic Meter) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Smart Water Meter (Ultrasonic Meter) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Smart Water Meter (Ultrasonic Meter) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Smart Water Meter (Electromechanical Meter) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Smart Water Meter (Electromechanical Meter) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Smart Water Meter (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Smart Water Meter (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Smart Water Meter (Smart Hot-Water Meter) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Smart Water Meter (Smart Hot-Water Meter) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Smart Water Meter (Smart Cold-Water Meter) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Smart Water Meter (Smart Cold-Water Meter) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Smart Water Meter (Automated Meter Reading- AMR) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Smart Water Meter (Automated Meter Reading- AMR) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Smart Water Meter (Advanced Metering Infrastructure- AMI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Smart Water Meter (Advanced Metering Infrastructure- AMI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Smart Water Meter (Meters & Accessories) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Smart Water Meter (Meters & Accessories) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Smart Water Meter (IT Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Smart Water Meter (IT Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Smart Water Meter (Communication Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Smart Water Meter (Communication Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Smart Water Meter (Water Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Smart Water Meter (Water Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Smart Water Meter (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Smart Water Meter (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Smart Water Meter (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Smart Water Meter (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Smart Water Meter (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Smart Water Meter (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: North America: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: North America: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: United States: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: United States: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Canada: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Canada: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Asia Pacific: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Asia Pacific: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: China: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: China: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Japan: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Japan: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: India: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: India: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: South Korea: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: South Korea: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Australia: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Australia: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Indonesia: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Indonesia: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Europe: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Europe: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Germany: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Germany: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: France: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: France: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: United Kingdom: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: United Kingdom: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Italy: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Italy: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Spain: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Spain: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Russia: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Russia: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Latin America: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Latin America: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Brazil: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Brazil: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Mexico: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Mexico: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Middle East and Africa: Smart Water Meter Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Middle East and Africa: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Global: Smart Water Meter Industry: SWOT Analysis
Figure 89: Global: Smart Water Meter Industry: Value Chain Analysis
Figure 90: Global: Smart Water Meter Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Smart Water Meter Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Smart Water Meter Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Smart Water Meter Market Forecast: Breakup by Meter Type (in Million US$), 2023-2028
Table 4: Global: Smart Water Meter Market Forecast: Breakup by Configuration Type (in Million US$), 2023-2028
Table 5: Global: Smart Water Meter Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 6: Global: Smart Water Meter Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: Global: Smart Water Meter Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Smart Water Meter Market: Competitive Structure
Table 9: Global: Smart Water Meter Market: Key Players


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