PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1373353
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1373353
North America AMI Water Meter Market will witness over 28.5% CAGR between 2023 and 2032. The AMI water meter demand in North America is primarily due to the increasing innovations in water metering solutions. For instance, in August 2023, Subeca, a water management platform provider based in Texas, introduced an innovative, cost-effective AMI (Advanced Metering Infrastructure) solution for water metering in the United States. This pioneering solution utilizes Amazon Sidewalk for data communication and features the Subeca 'Pin,' which serves as a Bluetooth meter register, replacing the conventional register on water meters. It is considered the first of its kind to leverage Amazon Sidewalk for data transmission.
These advancements provide more accurate and efficient ways to monitor water consumption, fostering improvement in resource management and conservation. With a focus on data-driven solutions, the market is responding to the need for smarter and more sustainable water management, driving the escalating AMI water meter market growth in the region.
The overall North America AMI Water Meter Market is classified based on applications, products, and country.
Commercial segment will undergo significant development from 2023 to 2032. Businesses and institutions are turning to AMI water meters to better manage water consumption, monitor usage patterns, and improve efficiency. This technology offers data-driven insights, allowing commercial entities to make informed decisions for water conservation, billing accuracy, and operational optimization, thus driving the AMI water meter market growth in commercial applications.
Hot water meter segment will register a robust CAGR over 2023-2032. As hot water plays a crucial role in residential and commercial settings, the need for accurate measurement and monitoring is paramount. Advanced metering infrastructure (AMI) systems for hot water meters provide real-time data and control, allowing users to enhance efficiency, reduce energy consumption, and make informed decisions, driving the AMI water meter market size in North America.
Canada AMI water meter market will exhibit an appreciable CAGR through 2032. The North America AMI Water Meter Market is witnessing increased adoption, driven by the country's commitment to efficient resource management and sustainability. AMI technology provides precise water consumption data, enabling utilities and consumers to optimize usage and reduce waste. This heightened awareness of water conservation is fueling the AMI water meter sales in Canada.