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Europe Smart Water Meter Market Share, Size, Growth, Analysis, Trends, Forecast: By Meter Type: Electromagnetic Meter, Ultrasonic Meter, Mechanical Meter, By Technology: AMR, AMI; By End Use: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Europe Smart Water Meter Market Outlook

The Europe smart water meter market size is expected to grow at a CAGR of 8.60% in the forecast period between 2023 and 2028, driven by the growing need for efficient utilisation of resources.

 

Key Trends in the Market

Smart water meters are electronic devices primarily used by water utilities to assess water inflow and consumption remotely using wireless communication and IoT-enabled platforms. They provide users and service providers with greater benefits than conventional meters, such as better data precision and accuracy. Additionally, they assist in finding leaks and excessive water use.

 

  • The Europe smart water meter market is expanding primarily due to steps made to reduce non-revenue water, the growing demand for resource efficiency, and rapid technology improvements that allow for the integration of advanced metering infrastructure with IoT-enabled platforms.
  • Other significant factors that are anticipated to drive the Europe smart water meter market include favourable policies by various governments for the adoption of smart water meters, significant investments in developing smart city infrastructure, and strict regulations by governments to reduce household, commercial, and utility water waste.
  • The adoption of smart water meters is driven by the urgent demand for optimal water use in water-scarce places. According to a study by the European Environment Agency (EEA), on an average, 30% of Europe's population experiences water stress each year. Climate change is anticipated to worsen the issue by increasing the frequency and severity of droughts.
  • Water utility providers are placing more and more emphasis on smart water metering as a way to improve operational effectiveness. Customers who use smart water meters have substantial advantages over those who use traditional water meters since they can acquire more accurate information about their water usage. Smart water metering systems can assist in analysing water usage more accurately, reduce water waste, and help save money. These advantages are increasing interest in smart water meters.

 

Europe Smart Water Meter Market Analysis

Based on meter type, the market is segmented into electromagnetic meter, ultrasonic meter, and mechanical meter. The market, on the basis of technology, can be divided into AMR and AMI. On the basis of end use, the Europe smart water meter market can be segmented into residential, commercial, and industrial. The major countries in the market are United Kingdom, Germany, France, and Italy, among others.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Europe smart water meter market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

 

  • WATERTECH S.p.A.
  • Badger Meter, Inc.
  • Landis+Gyr AG
  • ZENNER International GmbH & Co. KG
  • Sensus, (a Xylem brand)
  • Others

 

Market Share by Technology

The AMI segment occupies a sizable share of the Europe smart water meter market due to the operational benefits of two-way communication and improved accuracy it offers. It enables the utility provider and user to record water statistics in real-time. Multiple times during the day, the data is captured, providing a variety of statistics such real-time use, time of use, and peak consumption. This makes it much easier to improve operations and handle customers better. 

 

Additionally, AMI technology makes it quicker and simpler to locate leaks in the water distribution system. This results in early damage identification and repair, saving on costly replacements. The enormous volumes of data also makes it possible to pinpoint potential trouble spots in the water system. This makes it easier to allocate resources to the regions that require the most repair, helping fix the system and increasing the life of the assets. 

 

Market Share by Country

Within Europe, Germany, France, the United Kingdom, and Italy are anticipated to become the significant markets, due to greater administrative attention and growing initiatives by the governments in the region for water meter subsidies. The Europe smart water meter market is expected to grow rapidly in the United Kingdom over the forecast period. 

 

In the United Kingdom, a number of government programmes aimed at reducing water meter tampering and non-revenue water spending are having a favourable impact on smart water meter market expansion. Further, the growing research and development efforts being made by major market players in the country to improve user-interface features like consumer apps, leakages alerts, and hour-by-hour consumption readings will likely increase the adoption of smart water meters in the region over the coming years.

 

Competitive Landscape

WATERTECH S.p.A., is a leading Italy-based manufacturer of water meters, with an average production of around 1 million water meters annually. Its meters are fully certified with the EEC 75/33 and MID 2004/22/CE Directives, and includes a vast range of metering types. Water meter plastic components are produced in Germany while assembly and final calibration takes place in Italy. 

 

Badger Meter, Inc., with its headquarters in the United States, develops cutting-edge flow measurement, water quality, and control solutions for water utilities, municipalities, and commercial and industrial clients around the world. The company's products are used in a variety of applications to measure and regulate the flow of liquids and gases. Badger products include water meters and related systems, wastewater meters, industrial process meters, automotive fluid meters, tiny valves, and natural gas instruments.  

 

Landis+Gyr AG, founded in 1896 with its global headquarters in Switzerland, is a major international provider of integrated energy management systems. The business tracks and examines energy use to produce insightful insights for smart grid and infrastructure management, enabling utilities and customers to use less energy. Its offerings include devices such as water products, communication networks, grid management, and gas products. 

 

Other market players include ZENNER International GmbH & Co. KG and Sensus, (a Xylem brand), among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Meter Type
  • Technology
  • End Use
  • Region
Breakup by Meter Type
  • Electromagnetic Meter
  • Ultrasonic Meter
  • Mechanical Meter
Breakup by Technology
  • AMR
  • AMI
Breakup by End Use
  • Residential
  • Commercial
  • Industrial
Breakup by Region
  • United Kingdom
  • Germany
  • France
  • Italy
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • WATERTECH S.p.A.
  • Badger Meter, Inc.
  • Landis+Gyr AG
  • ZENNER International GmbH & Co. KG
  • Sensus, (a Xylem brand)
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Europe Smart Water Meter Market Analysis

    8.1    Key Industry Highlights
    8.2    Europe Smart Water Meter Historical Market (2017-2021) 
    8.3    Europe Smart Water Meter Market Forecast (2022-2027)
    8.4    Europe Smart Water Meter Market by Meter Type
        8.4.1    Electromagnetic Meter
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Ultrasonic Meter
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Mechanical Meter
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Europe Smart Water Meter Market by Technology
        8.5.1    AMR
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    AMI
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Europe Smart Water Meter Market by End Use
        8.6.1    Residential
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Commercial
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Industrial
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
    8.7    Europe Smart Water Meter Market by Country
        8.7.1    Market Share
            8.7.1.1    United Kingdom
            8.7.1.2    Germany
            8.7.1.3    France
            8.7.1.4    Italy
            8.7.1.5    Others
9    Regional Analysis
    9.1    United Kingdom
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
    9.2    Germany
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
    9.3    France
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
    9.4    Italy
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    WATERTECH S.p.A. 
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Badger Meter, Inc.  
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Landis+Gyr AG 
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    ZENNER International GmbH & Co. KG 
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Sensus, (a Xylem brand)
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Europe Smart Water Meter Market: Key Industry Highlights, 2017 and 2027
2.    Europe Smart Water Meter Historical Market: Breakup by Meter Type (USD Million), 2017-2021
3.    Europe Smart Water Meter Market Forecast: Breakup by Meter Type (USD Million), 2022-2027
4.    Europe Smart Water Meter Historical Market: Breakup by Technology (USD Million), 2017-2021
5.    Europe Smart Water Meter Market Forecast: Breakup by Technology (USD Million), 2022-2027
6.    Europe Smart Water Meter Historical Market: Breakup by End Use (USD Million), 2017-2021
7.    Europe Smart Water Meter Market Forecast: Breakup by End Use (USD Million), 2022-2027
8.    Europe Smart Water Meter Historical Market: Breakup by Country (USD Million), 2017-2021
9.    Europe Smart Water Meter Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Smart Water Meter Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 8.60% between 2023 and 2028.

The major drivers of the Europe smart water meter market include the favourable policies of governments in the region encouraging the adoption of smart water meters, massive investments in developing smart city infrastructure, growing importance of analysing water usage, and soaring industrial reliance on water resources.

The growing need for efficient utilisation of resources, rise in focus by various governments towards subsidising water meters, and rapid technological advancements to integrate advanced metering infrastructure with IoT-enabled platforms are the key industry trends propelling the growth of the market.

Based on meter type, the market is segmented into electromagnetic meter, ultrasonic meter, and mechanical meter.

The market on the basis of technology can be divided into AMR and AMI.

The end uses of smart water meters include residential, commercial, and industrial.

The major countries in the smart water meter market in Europe are the United Kingdom, Germany, France, and Italy, among others.

The major players in the industry are WATERTECH S.p.A., Badger Meter, Inc., Landis+Gyr AG, ZENNER International GmbH & Co. KG, and Sensus, (a Xylem brand), among others.

Mobile technology (network coverage) is used by smart meters to interact with energy providers, and a poor signal can cause this connection to break. A smart meter may have trouble operating in rural locations if there is poor mobile phone coverage.

Smart water meters are considered to have high levels of accuracy, and are designed to prevent over recording of water consumption.

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