Smart Water Meter Market Report: Trends, Forecast and Competitive Analysis to 2030

Smart Water Meter Trends and Forecast

The future of the global smart water meter market looks promising with opportunities in the residential, commercial, and industrial markets. The global smart water meter market is expected to reach an estimated $6 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are increasing adoption of smart city technologies, growing need for effective water management solutions, and rising demand for products that provide precise water use measurements.

A more than 150-page report is developed to help in your business decisions.

Smart Water Meter by Segment

The study includes a forecast for the global smart water meter by technology, type, application, and region.

Smart Water Meter Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Automatic Meter Reading
• Advanced Meter Infrastructure

Smart Water Meter Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Ultrasonic Meters
• Electromagnetic Meters
• Smart Mechanical Meters

Smart Water Meter Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• Industrial

Smart Water Meter Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Smart Water Meter Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart water meter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart water meter companies profiled in this report include-

• Badger Meter
• Sensus
• Diehl Stiftung
• Aclara Technologies
• Itron

Smart Water Meter Market Insights

Lucintel forecasts that electromagnetic meter will remain the highest growing segment over the forecast period due to its cost-effectiveness and reliability, as well as, the versatility stems from their capacity to perform well in a variety of environmental settings, including those with erratic power supplies.

North America will remain the largest region over the forecast period due to area's sophisticated infrastructure and openness to implementing new technologies.

Features of the Global Smart Water Meter Market

Market Size Estimates: Smart water meter market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Smart water meter market size by technology, type, application, and region in terms of value ($B).

Regional Analysis: Smart water meter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technology, type, application, and regions for the smart water meter market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart water meter market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the smart water meter market size?

Answer: The global smart water meter market is expected to reach an estimated $6 billion by 2030.

Q2. What is the growth forecast for smart water meter market?

Answer: The global smart water meter market is expected to grow with a CAGR of 6.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the smart water meter market?

Answer: The major drivers for this market are increasing adoption of smart city technologies, growing need for effective water management solutions, and rising demand for products that provide precise water use measurements.

Q4. What are the major segments for smart water meter market?

Answer: The future of the global smart water meter market looks promising with opportunities in the residential, commercial, and industrial markets.

Q5. Who are the key smart water meter market companies?

Answer: Some of the key smart water meter companies are as follows:

• Badger Meter
• Sensus
• Diehl Stiftung
• Aclara Technologies
• Itron

Q6. Which smart water meter market segment will be the largest in future?

Answer: Lucintel forecasts that electromagnetic meter will remain the highest growing segment over the forecast period due to its cost-effectiveness and reliability, as well as, the versatility stems from their capacity to perform well in a variety of environmental settings, including those with erratic power supplies.

Q7. In smart water meter market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to area's sophisticated infrastructure and openness to implementing new technologies.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the smart water meter market by technology (automatic meter reading and advanced meter infrastructure), type (ultrasonic meters, electromagnetic meters, and smart mechanical meters), application (residential, commercial, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?