The global smart water meter market exhibited moderate growth during 2015-2020. 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.
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. Looking forward, IMARC Group expects the global smart water meter market to reach a value of US$ 8.61 Billion by 2026.
Breakup by Product:
- 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:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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 (Xylem Inc.), Itron Inc., Zenner, Neptune Technology Group (Roper Technologies), etc.
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 (Hubbel Incorporated)
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Sensus (Xylem Inc.)
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.4 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
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$), 2015-2020
Figure 3: Global: Smart Water Meter Market: Breakup by Product (in %), 2020
Figure 4: Global: Smart Water Meter Market: Breakup by Meter Type (in %), 2020
Figure 5: Global: Smart Water Meter Market: Breakup by Configuration Type (in %), 2020
Figure 6: Global: Smart Water Meter Market: Breakup by Component (in %), 2020
Figure 7: Global: Smart Water Meter Market: Breakup by Application (in %), 2020
Figure 8: Global: Smart Water Meter Market: Breakup by Region (in %), 2020
Figure 9: Global: Smart Water Meter Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: Global: Smart Water Meter (Electromagnetic Meter) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Smart Water Meter (Electromagnetic Meter) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Smart Water Meter (Ultrasonic Meter) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Smart Water Meter (Ultrasonic Meter) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Smart Water Meter (Electromechanical Meter) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Smart Water Meter (Electromechanical Meter) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Smart Water Meter (Other Meter Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Smart Water Meter (Other Meter Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Smart Water Meter (Smart Hot-Water Meter) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Smart Water Meter (Smart Hot-Water Meter) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Smart Water Meter (Smart Cold-Water Meter) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Smart Water Meter (Smart Cold-Water Meter) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Smart Water Meter (Automated Meter Reading- AMR) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Smart Water Meter (Automated Meter Reading- AMR) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Smart Water Meter (Advanced Metering Infrastructure- AMI) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Smart Water Meter (Advanced Metering Infrastructure- AMI) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Smart Water Meter (Meters & Accessories) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Smart Water Meter (Meters & Accessories) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Smart Water Meter (IT Solutions) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Smart Water Meter (IT Solutions) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Smart Water Meter (Communication Systems) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Smart Water Meter (Communication Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Smart Water Meter (Water Utilities) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Smart Water Meter (Water Utilities) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Smart Water Meter (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Smart Water Meter (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Smart Water Meter (Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Smart Water Meter (Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Smart Water Meter (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Smart Water Meter (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: North America: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: North America: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: United States: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: United States: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Canada: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Canada: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Asia Pacific: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Asia Pacific: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: China: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: China: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Japan: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Japan: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: India: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: India: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: South Korea: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: South Korea: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Australia: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Australia: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Indonesia: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Indonesia: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Others: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Others: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Europe: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Europe: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Germany: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Germany: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: France: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: France: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: United Kingdom: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: United Kingdom: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Italy: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Italy: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Spain: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Spain: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Russia: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Russia: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Others: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Others: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Latin America: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Latin America: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Brazil: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Brazil: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Mexico: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Mexico: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Others: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Others: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Middle East and Africa: Smart Water Meter Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Middle East and Africa: Smart Water Meter Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Smart Water Meter Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Smart Water Meter Market Forecast: Breakup by Meter Type (in Million US$), 2021-2026
Table 4: Global: Smart Water Meter Market Forecast: Breakup by Configuration Type (in Million US$), 2021-2026
Table 5: Global: Smart Water Meter Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 6: Global: Smart Water Meter Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: Global: Smart Water Meter Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Smart Water Meter Market: Competitive Structure
Table 9: Global: Smart Water Meter Market: Key Players