“Smart Water Metering Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on smart water metering market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for smart water metering? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The smart water metering market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Meter Type: Ultrasonic Meter; Electromagnetic Meter; Mechanical Meter
- 2) By Component: Information Technology (IT) Solutions; Communications; Meters And Accessories
- 3) By Technology: Automatic Meter Reading; Advanced Meter Infrastructure
- 4) By Application: Residential; Water Utilities; Industrial; Agricultural
- Companies Mentioned: Kamsturp; Badger Meter Inc.; Diehl Stiftung & Co. KG; Landis+Gyr; Itron Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the smart water metering market are: Kamsturp , Badger Meter Inc., Diehl Stiftung & Co. KG , Landis+Gyr, Itron Inc., Neptune Technology Group Inc., Aclara Technologies LLC, Sensus, Siemens, MUELLER SYSTEMS LLC, Ningbo Water Meter Co. Ltd., Anglian Water Services Limited, WEGoT Utility Solutions Pvt. Ltd., AmeresCo. , Business Stream, and Thames Water Utilities Limited.
The global smart water metering market is expected to grow from $3.44 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 13.85%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart water metering market is expected to grow to $6.24 billion in 2027 at a CAGR of 12.04%.
The smart water metering market consists of revenues earned by entities by providing smart water metering services using meters, modules, pressure sensor and valves. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Smart water metering monitors and transmit water usage from customer to supplier to help with water management and accurate billing. Smart water meters feature an electronic computing unit, or ECU, that makes it easier for them to communicate with their suppliers. Smart water metering provides leak detection and remote location monitoring, resulting in minimal water wastage.
North America was the largest region in the smart water metering market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart water metering report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of smart water meters are ultrasonic meters, electromagnetic meters, and mechanical meters. The meter that uses ultrasound to assess liquid velocity to calculate the amount of liquid flow is known as an ultrasonic flow meter. The components of these meters are IT solutions, communications, and meters and accessories. The technologies used are automatic meter reading and advanced meter infrastructure, and the various applications are in residential, water utilities, industrial, and agricultural.
Utilities' focus on reducing non-revenue water is expected to propel the smart water metering market going forward. Non-revenue water (NRW) is essentially produced, cleansed water that is misplaced throughout the water delivery system and never makes it to its intended location. The management of non-revenue water (NRW) enables utilities to increase and improve service, improve financial performance, make cities more appealing, boost climate resilience, and use less energy. For instance, in June 2021, according to Indiana Finance Authority, a US-based government organization to oversee Indiana state-related debt issuance and provide efficient and effective financing solutions, in 2020, 91% of metered drinking water utilities, or 473 out of 519 utilities, submitted a validated water audit using information from the calendar year 2019. According to this study, the state's non-revenue water usage was over 46.7 billion gallons, costing these utilities over $58.4 million in lost income. Therefore, utilities' focus on reducing non-revenue water is driving the growth of smart water metering.
Product innovation is a key trend in the smart water metering market. Major companies operating in the market are developing innovative smart water metering technologies such as wireless connectivity, data collection, and cellular connectivity that can lower the cost of wiring and provide an integrated infrastructure for water utilities to sustain their position in the market. For instance, in September 2020, Landis+Gyr, a Switzerland-based provider of integrated energy management solutions for the utility sector, partnered with Vodafone Business, a UK-based provider of telecommunications services, to employ low power wide area (LPWA) network technologies, such as NB-IoT and LTE-M, which enable high signal penetration and low power consumption, to connect Landis+Gyr's smart meters. These innovations will make it possible for Vodafone Business' NB-IoT networks in 18 countries and its broad ecosystem of roaming partners to effortlessly interact with Landis+Gyr's smart meters. Landis+Gyr will be able to assist in the digitalization of the grid both today and in the future because NB-IoT is a member of the 5G family and the company offers its clients long-term service contracts that are compatible with the lifecycle of smart connected devices.
In January 2022, Landis+Gyr, a Switzerland-based provider of integrated energy management products, acquired Luna Elektrik Elektronik Sanayi ve Ticaret A.S for an undisclosed amount. With this acquisition, Landis+Gyr will increase its core smart metering capabilities while broadening its selection of cost-effective solutions with well-established production capabilities in Izmir. Luna Elektrik Elektronik Sanayi ve Ticaret A.S. ("Luna") is a Turkey-based provider of smart metering devices for electricity, water, and heat and associated software solutions.
The countries covered in the Smart Water Metering market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The smart water metering market research report is one of a series of new reports from The Business Research Company that provides smart water metering market statistics, including smart water metering industry global market size, regional shares, competitors with a smart water metering market share, detailed smart water metering market segments, market trends and opportunities, and any further data you may need to thrive in the smart water metering industry. This smart water metering market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Smart Water Metering Market Characteristics
3. Smart Water Metering Market Trends And Strategies
4. Smart Water Metering Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Smart Water Metering Market
- 4.2. Ukraine-Russia War Impact On Smart Water Metering Market
- 4.3. Impact Of High Inflation On Smart Water Metering Market
5. Smart Water Metering Market Size And Growth
- 5.1. Global Smart Water Metering Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Smart Water Metering Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Smart Water Metering Market Segmentation
- 6.1. Global Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Ultrasonic Meter
- Electromagnetic Meter
- Mechanical Meter
- 6.2. Global Smart Water Metering Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Information Technology (IT) Solutions
- Communications
- Meters And Accessories
- 6.3. Global Smart Water Metering Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Automatic Meter Reading
- Advanced Meter Infrastructure
- 6.4. Global Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Residential
- Water Utilities
- Industrial
- Agricultural
7. Smart Water Metering Market Regional And Country Analysis
- 7.1. Global Smart Water Metering Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Smart Water Metering Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Smart Water Metering Market
- 8.1. Asia-Pacific Smart Water Metering Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Smart Water Metering Market
- 9.1. China Smart Water Metering Market Overview
- 9.2. China Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Smart Water Metering Market
- 10.1. India Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Smart Water Metering Market
- 11.1. Japan Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Smart Water Metering Market
- 12.1. Australia Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Smart Water Metering Market
- 13.1. Indonesia Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Smart Water Metering Market
- 14.1. South Korea Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Smart Water Metering Market
- 15.1. Western Europe Smart Water Metering Market Overview
- 15.2. Western Europe Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Smart Water Metering Market
- 16.1. UK Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Smart Water Metering Market
- 17.1. Germany Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Smart Water Metering Market
- 18.1. France Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Smart Water Metering Market
- 19.1. Eastern Europe Smart Water Metering Market Overview
- 19.2. Eastern Europe Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Smart Water Metering Market
- 20.1. Russia Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Smart Water Metering Market
- 21.1. North America Smart Water Metering Market Overview
- 21.2. North America Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Smart Water Metering Market
- 22.1. USA Smart Water Metering Market Overview
- 22.2. USA Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Smart Water Metering Market
- 23.1. South America Smart Water Metering Market Overview
- 23.2. South America Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Smart Water Metering Market
- 24.1. Brazil Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Smart Water Metering Market
- 25.1. Middle East Smart Water Metering Market Overview
- 25.2. Middle East Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Smart Water Metering Market
- 26.1. Africa Smart Water Metering Market Overview
- 26.2. Africa Smart Water Metering Market, Segmentation By Meter Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Smart Water Metering Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Smart Water Metering Market Competitive Landscape And Company Profiles
- 27.1. Smart Water Metering Market Competitive Landscape
- 27.2. Smart Water Metering Market Company Profiles
- 27.2.1. Kamsturp
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Badger Meter Inc.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Diehl Stiftung & Co. KG
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Landis+Gyr
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Itron Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Smart Water Metering Market
29. Smart Water Metering Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer