유럽의 스마트 수도 미터 시장 : 예측 - 지역별 분석 - 유형별, 컴퍼넌트별, 최종사용자별, 미터 유형별(-2031년)

The Europe smart water metering market was valued at US$ 1,331.12 million in 2023 and is expected to reach US$ 2,995.45 million by 2031; it is estimated to register a CAGR of 10.7% from 2023 to 2031.

Nonrevenue Water (NRW) Monitoring and Control Fuels Europe Smart Water Metering Market

Nonrevenue water is the discrepancy between the amount of water produced and the amount of water billed to customers. Water loss from source to destination occurs due to various reasons, including leaks (physical loss) and metering mistakes, manipulation, and theft (apparent losses). The NRW is increasing at an exponential rate, resulting in water scarcity and other concerns. According to recent research by the International Water Association (IWA), global water waste is around 346 million cubic meters per day or 126 billion cubic meters per year in water distribution networks on their way to customers. The requirement to troubleshoot nonrevenue water has resulted in the need for the development of several technologies, such as smart water meters, which are generally approved by various governments. Smart water meter records hourly data on leaks or losses, as well as the time and date of occurrence. The system also enables the operator to review obtained data on-site or from any platform. Many smart water meters include alarms to reduce the likelihood of pipeline theft or manipulation. These warning systems help generate income from the end users' location. The increasing demand to monitor, control, and reduce nonrevenue water is driving companies in industry to innovate and design robust technologies, which is driving smart water metering market growth.

Europe Smart Water Metering Market Overview

The Europe smart water metering market is segmented into France, Germany, Italy, Russia, the UK, and the Rest of Europe. Mega cities in the UK, Germany, and France are the nodes of smart water meter growth that encourage the adoption of this technology in the region. Nonrevenue water in Europe accounts for an average of 26% of total water across European utilities. Along with increasing measures toward nonrevenue water reduction, there is a growing demand for the efficient use of water resources. Therefore, a significant amount of nonrevenue water demands advanced metering systems to manage revenues across other water usages. Advanced water metering technology provides user-friendly command control systems, integrated billing technology, secure web-based payments, and online consumer applications, which boost customers toward adopting smart water meter products. The Landis+Gyr launched the latest addition of ultrasonic smart water meters-W270 and W370-based on IoT technologies in November 2021. In accordance with the Landis+Gyr Green Design principles, the new portfolio is 100% recyclable after its extensive lifetime of over 15 years. The latest software and hardware solutions for electricity, gas, heat, and water metering were also presented.

In August 2020, the German government planned to measure the number of smart metering systems in use in households and businesses by 2025. This new digital strategy is divided into fields of action such as "networked and digitally sovereign society" or "innovative economy, working world, science, and research." Furthermore, due to the introduction of the smart city concept in Spain, intelligent water meter infrastructure has been adopted to improve urban water supply planning and management in the country. In July 2021, Global Omnium, which engages in integral water cycle management, signed an agreement with Telefonica IoT & Big Data Tech for the installation of over 150,000 SIM cards embedded with NB-IoT technology and to enhance further the data communication power of 450,000 domestic and industrial smart water meters across Spain. Decreasing sensor costs and improving sensor technologies encourage governments to plan smart cities to achieve high operational efficiencies in using scarce resources such as water, electricity, and gas in Europe. Moreover, key players functioning across the Europe smart water metering market are Diehl Metering, Badger Meter, Apator SA, Siemens, Kampstrup, Itron, and Sontex SA. Moreover, various players across the region are partnering to bring smart water meters to the region. For example, in April 2024, SUEZ and Vodafone, a global provider of communication technologies and services, announced that they were joining forces to accelerate the global rollout of remote water meters reading via Narrowband IoT (NB-IoT1) communication networks. The aim is to bring over 2 million NB-IoT meters into service by 2030. Such instances drive the growth of the market across Europe.

Europe Smart Water Metering Market Revenue and Forecast to 2031 (US$ Million)

Europe Smart Water Metering Market Segmentation

The Europe smart water metering market is categorized into type, component, end user, meter type, and country.

Based on type, the Europe smart water metering market is bifurcated into AMI and AMR. The AMR segment held a larger market share in 2023.

In terms of component, the Europe smart water metering market is categorized into controlling unit, display storage & integrated software, and others. The display storage & integrated software segment held the largest market share in 2023.

By end user, the Europe smart water metering market is bifurcated into residential and industrial. The residential segment held a larger market share in 2023.

Based on meter type, the Europe smart water metering market is categorized into ultrasonic meters, electromagnetic meters, and electromechanical meter. The ultrasonic meters segment held the largest market share in 2023.

By country, the Europe smart water metering market is segmented into Germany, France, Italy, the UK, Russia, Spain, Greece, and the Rest of Europe. France dominated the Europe smart water metering market share in 2023.

Kamstrup AS, Mueller Water Products Inc, Badger Meter Inc, Itron Inc, Arad Ltd, Sensus USA Inc, WAVIoT Integrated Systems LLC, Bmeters SRL, and Diehl Stiftung & Co KG., are among the leading companies operating in the Europe smart water metering market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Secondary Research
• 3.2 Primary Research
  • 3.2.1 Hypothesis formulation:
  • 3.2.2 Macro-economic factor analysis:
  • 3.2.3 Developing base number:
  • 3.2.4 Data Triangulation:
  • 3.2.5 Country level data:

4. Europe Smart Water Metering Market Landscape

• 4.1 Overview
• 4.2 Ecosystem Analysis
  • 4.2.1 List of Vendors in the Value Chain

5. Europe Smart Water Metering Market - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Increasing Water Scarcity and Misuse of Water
  • 5.1.2 Nonrevenue Water Monitoring and Control
  • 5.1.3 Increasing Number of Smart Water Meter Projects across Different Region
• 5.2 Market Restraints
  • 5.2.1 High Initial Investment and Lack of Knowledge
  • 5.2.2 Vulnerable to Cyber Attacks
• 5.3 Market Opportunities
  • 5.3.1 Smart Irrigation Systems Through Smart Water Management
  • 5.3.2 Integration with IoT and Data Analytics
• 5.4 Future Trends
  • 5.4.1 Increase in Demand for Smart Water Meters with Rise in Smart City Initiatives
• 5.5 Impact of Drivers and Restraints:

6. Smart Water Metering Market - Europe Analysis

• 6.1 Smart Water Metering Market Revenue (US$ Million), 2021-2031
• 6.2 Smart Water Metering Market Forecast Analysis

7. Europe Smart Water Metering Market Analysis - by Type

• 7.1 AMI
  • 7.1.1 Overview
  • 7.1.2 AMI: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
• 7.2 AMR
  • 7.2.1 Overview
  • 7.2.2 AMR: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)

8. Europe Smart Water Metering Market Analysis - by Component

• 8.1 Controlling Unit
  • 8.1.1 Overview
  • 8.1.2 Controlling Unit: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
• 8.2 Display Storage & Integrated Software
  • 8.2.1 Overview
  • 8.2.2 Display Storage & Integrated Software: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
• 8.3 Others
  • 8.3.1 Overview
  • 8.3.2 Others: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)

9. Europe Smart Water Metering Market Analysis - by End User

• 9.1 Residential
  • 9.1.1 Overview
  • 9.1.2 Residential: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
• 9.2 Industrial
  • 9.2.1 Overview
  • 9.2.2 Industrial: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)

10. Europe Smart Water Metering Market Analysis - by Meter Type

• 10.1 Ultrasonic Meters
  • 10.1.1 Overview
  • 10.1.2 Ultrasonic Meters: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
• 10.2 Electromagnetic Meters
  • 10.2.1 Overview
  • 10.2.2 Electromagnetic Meters: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
• 10.3 Electromechanical Meter
  • 10.3.1 Overview
  • 10.3.2 Electromechanical Meter: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)

11. Europe Smart Water Metering Market - Country Analysis

• 11.1 Europe Smart Water Metering Market Overview
  • 11.1.1 Europe: Smart Water Metering Market Breakdown, by Key Country, 2023 and 2031 (%)
    • 11.1.1.1 Europe: Smart Water Metering Market - Revenue and Forecast Analysis - by Country
    • 11.1.1.2 Germany: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.2.1 Germany: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.2.2 Germany: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.2.3 Germany: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.2.4 Germany: Smart Water Metering Market Breakdown, by Meter Type
    • 11.1.1.3 France: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.3.1 France: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.3.2 France: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.3.3 France: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.3.4 France: Smart Water Metering Market Breakdown, by Meter Type
    • 11.1.1.4 Italy: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.4.1 Italy: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.4.2 Italy: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.4.3 Italy: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.4.4 Italy: Smart Water Metering Market Breakdown, by Meter Type
    • 11.1.1.5 United Kingdom: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.5.1 United Kingdom: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.5.2 United Kingdom: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.5.3 United Kingdom: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.5.4 United Kingdom: Smart Water Metering Market Breakdown, by Meter Type
    • 11.1.1.6 Russian Federation: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.6.1 Russian Federation: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.6.2 Russian Federation: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.6.3 Russian Federation: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.6.4 Russian Federation: Smart Water Metering Market Breakdown, by Meter Type
    • 11.1.1.7 Spain: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.7.1 Spain: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.7.2 Spain: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.7.3 Spain: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.7.4 Spain: Smart Water Metering Market Breakdown, by Meter Type
    • 11.1.1.8 Greece: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.8.1 Greece: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.8.2 Greece: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.8.3 Greece: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.8.4 Greece: Smart Water Metering Market Breakdown, by Meter Type
    • 11.1.1.9 Rest of Europe: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
      • 11.1.1.9.1 Rest of Europe: Smart Water Metering Market Breakdown, by Type
      • 11.1.1.9.2 Rest of Europe: Smart Water Metering Market Breakdown, by Component
      • 11.1.1.9.3 Rest of Europe: Smart Water Metering Market Breakdown, by End User
      • 11.1.1.9.4 Rest of Europe: Smart Water Metering Market Breakdown, by Meter Type

12. Competitive Landscape

• 12.1 Heat Map Analysis by Key Players
• 12.2 Company Positioning & Concentration

13. Industry Landscape

• 13.1 Overview
• 13.2 Market Initiative
• 13.3 Product Development
• 13.4 Mergers & Acquisitions

14. Company Profiles

• 14.1 Kamstrup AS
  • 14.1.1 Key Facts
  • 14.1.2 Business Description
  • 14.1.3 Products and Services
  • 14.1.4 Financial Overview
  • 14.1.5 SWOT Analysis
  • 14.1.6 Key Developments
• 14.2 Mueller Water Products Inc
  • 14.2.1 Key Facts
  • 14.2.2 Business Description
  • 14.2.3 Products and Services
  • 14.2.4 Financial Overview
  • 14.2.5 SWOT Analysis
  • 14.2.6 Key Developments
• 14.3 Badger Meter Inc
  • 14.3.1 Key Facts
  • 14.3.2 Business Description
  • 14.3.3 Products and Services
  • 14.3.4 Financial Overview
  • 14.3.5 SWOT Analysis
  • 14.3.6 Key Developments
• 14.4 Itron Inc
  • 14.4.1 Key Facts
  • 14.4.2 Business Description
  • 14.4.3 Products and Services
  • 14.4.4 Financial Overview
  • 14.4.5 SWOT Analysis
  • 14.4.6 Key Developments
• 14.5 Arad Ltd
  • 14.5.1 Key Facts
  • 14.5.2 Business Description
  • 14.5.3 Products and Services
  • 14.5.4 Financial Overview
  • 14.5.5 SWOT Analysis
  • 14.5.6 Key Developments
• 14.6 Sensus USA Inc
  • 14.6.1 Key Facts
  • 14.6.2 Business Description
  • 14.6.3 Products and Services
  • 14.6.4 Financial Overview
  • 14.6.5 SWOT Analysis
  • 14.6.6 Key Developments
• 14.7 WAVIoT Integrated Systems LLC
  • 14.7.1 Key Facts
  • 14.7.2 Business Description
  • 14.7.3 Products and Services
  • 14.7.4 Financial Overview
  • 14.7.5 SWOT Analysis
  • 14.7.6 Key Developments
• 14.8 Bmeters SRL
  • 14.8.1 Key Facts
  • 14.8.2 Business Description
  • 14.8.3 Products and Services
  • 14.8.4 Financial Overview
  • 14.8.5 SWOT Analysis
  • 14.8.6 Key Developments
• 14.9 Diehl Stiftung & Co KG
  • 14.9.1 Key Facts
  • 14.9.2 Business Description
  • 14.9.3 Products and Services
  • 14.9.4 Financial Overview
  • 14.9.5 SWOT Analysis
  • 14.9.6 Key Developments

15. Appendix

• 15.1 About The Insight Partners
• 15.2 Word Index