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Global Smart Water Meter Market: By Type: Electromagnetic Meter, Ultrasonic Meter, Mechanical Meter; By Water Type: Hot Water Meter, Cold Water Meter; By Technology; By Component; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Smart Water Meter Market Outlook
The global smart water meter market is expected to grow at a CAGR of about 19% in the forecast period of 2022-2027 to reach a volume of around 82 million units by 2026.
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North America Leading the Smart Water Meter Market
The smart water meter industry has seen a considerable rise in North America due to the significant advantages offered by smart water meters as well as government initiatives to support conservation of water as well as to integrate cities with internet/intranet-based services in the form of smart cities. These have seen a considerable rise of smart water meters in residential applications as compared to applications in the industrial sector. Since these apparatuses offer greater asset management, ease in maintenance and easier customer service, they are being considered as valuable investments. In the Asia Pacific region, the demand is expected to shoot up considerably, due to a rapidly growing population, increasing urbanisation and rising industrial development.
Smart Water Meter: Industry Definition and Segmentation
Smart water meters are special water meters which, in addition to measuring flow of water to a particular region, are improved by means of connection to a local network or a wider network. These connections help the flow to be controlled from a remote location, thus eliminating the need for human intervention at those specific locations. These systems may also be equipped with ultrasound waves which can help detect leaks and cracks in the pipes with better precision and before they can cause damage to the entire system. It eliminates the need for noting readings, because billing can be done automatically through the meters and sent to consumers. Since these do not require human assistance, these may be installed in applications which are generally inaccessible to humans, like underground or underwater pipelines.
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The smart water meter industry can be segmented by type into:
- Electromagnetic Meter
- Ultrasonic Meter
- Mechanical Meter
- Others
It may be differentiated on the basis of water type into:
- Hot Water Meter
- Cold Water Meter
The market can be divided on the basis of technology into:
- AMR
- Advanced Meter Infrastructure (AMI)
It may be segmented by component as:
- Meters and Accessories
- IT Solutions
- Communications
The market may be divided by application into:
- Water Utilities
- Industries
- Others
The regional markets for smart water meter can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Technological Advancements Bolstering the Market Growth for Smart Water Meters
In an age where water can be scarce, smart water meters can be a valuable investment since they can detect and alert the consumers about leaks. Since they can detect changes in the pressure, flow, and temperature, they offer greater security, which can be a significant reason for the rise in the demand for these systems. Some electromagnetic or ultrasonic meters can also reduce moving parts in the apparatus, thereby ensuring less wear and tear. These factors are likely to increase the demand for smart water meters across all regions.
Key Industry Players in the Global Smart Water Meter Market
The report gives a detailed analysis of the following key players in the global smart water meter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Xylem Inc.
- Aichi Tokei Denki Co. Ltd.
- Kamstrup A/S
- Diehl Stiftung & Co. KG
- Hubbell Incorporated
- Landis+Gyr AG
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Water Type, Technology, Component, Application, Region |
| Breakup by Type | Electromagnetic Meter, Ultrasonic Meter, Mechanical Meter, Others |
| Breakup by Water Type | Hot Water Meter, Cold Water Meter |
| Breakup by Technology | AMR, Advanced Metering Infrastructure (AMI) |
| Breakup by Component | Meters and Accessories, IT Solutions, Communications |
| Breakup by Application | Water Utilities, Industries, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Xylem Inc., Aichi Tokei Denki Co. Ltd., Kamstrup A/S, Diehl Stiftung & Co. KG, Hubbell Incorporated, Landis+Gyr AG, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Water Meter Market Overview
8.1 Key Industry Highlights
8.2 Global Water Meter Historical Market (2017-2021)
8.3 Global Water Meter Market Forecast (2022-2027)
8.4 Global Water Meter Market by Meter Type
8.4.1 Market Share
8.4.1.1 Smart
8.4.1.2 Conventional
9 Global Smart Water Meter Market Analysis
9.1 Key Industry Highlights
9.2 Global Smart Water Meter Historical Market (2017-2021)
9.3 Global Smart Water Meter Market Forecast (2022-2027)
9.4 Global Smart Water Meter Market by Type
9.4.1 Electromagnetic Meter
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2017-2021)
9.4.1.3 Forecast Trend (2022-2027)
9.4.2 Ultrasonic Meter
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2017-2021)
9.4.2.3 Forecast Trend (2022-2027)
9.4.3 Mechanical Meter
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2017-2021)
9.4.3.3 Forecast Trend (2022-2027)
9.4.4 Others
9.5 Global Smart Water Meter Market by Water Type
9.5.1 Hot Water Meter
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2017-2021)
9.5.1.3 Forecast Trend (2022-2027)
9.5.2 Cold Water Meter
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2017-2021)
9.5.2.3 Forecast Trend (2022-2027)
9.6 Global Smart Water Meter Market by Technology
9.6.1 AMR
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2017-2021)
9.6.1.3 Forecast Trend (2022-2027)
9.6.2 Advanced Metering Infrastructure (AMI)
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2017-2021)
9.6.2.3 Forecast Trend (2022-2027)
9.7 Global Smart Water Meter Market by Component
9.7.1 Meters and Accessories
9.7.1.1 Market Share
9.7.1.2 Historical Trend (2017-2021)
9.7.1.3 Forecast Trend (2022-2027)
9.7.2 IT Solutions
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2017-2021)
9.7.2.3 Forecast Trend (2022-2027)
9.7.3 Communications
9.7.3.1 Market Share
9.7.3.2 Historical Trend (2017-2021)
9.7.3.3 Forecast Trend (2022-2027)
9.8 Global Smart Water Meter Market by Application
9.8.1 Water Utilities
9.8.1.1 Market Share
9.8.1.2 Historical Trend (2017-2021)
9.8.1.3 Forecast Trend (2022-2027)
9.8.2 Industries
9.8.2.1 Market Share
9.8.2.2 Historical Trend (2017-2021)
9.8.2.3 Forecast Trend (2022-2027)
9.8.3 Others
9.9 Global Smart Water Meter Market by Region
9.9.1 Market Share
9.9.1.1 North America
9.9.1.2 Europe
9.9.1.3 Asia Pacific
9.9.1.4 Latin America
9.9.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2017-2021)
10.1.2 Forecast Trend (2022-2027)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2017-2021)
10.2.2 Forecast Trend (2022-2027)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2017-2021)
10.3.2 Forecast Trend (2022-2027)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2017-2021)
10.4.2 Forecast Trend (2022-2027)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2017-2021)
10.5.2 Forecast Trend (2022-2027)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 EMR’s Key Indicators for Demand
11.4 EMR’s Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Xylem Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Aichi Tokei Denki Co. Ltd
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Kamstrup A/S
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Diehl Stiftung & Co. KG
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Hubbell Incorporated
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Landis+Gyr AG
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Industry Events and Developments
List of Figures and Tables
1. Global Water Meter Market: Key Industry Highlights, 2016 and 2026
2. Global Water Meter Historical Market: Breakup by Type (Million Units), 2017-2021
3. Global Water Meter Market Forecast: Breakup by Type (Million Units), 2022-2027
4. Global Smart Water Meter Market: Key Industry Highlights, 2016 and 2026
5. Global Smart Water Meter Historical Market: Breakup by Type (Million Units), 2017-2021
6. Global Smart Water Meter Market Forecast: Breakup by Type (Million Units), 2022-2027
7. Global Smart Water Meter Historical Market: Breakup by Water Type (Million Units), 2017-2021
8. Global Smart Water Meter Market Forecast: Breakup by Water Type (Million Units), 2022-2027
9. Global Smart Water Meter Historical Market: Breakup by Technology (Million Units), 2017-2021
10. Global Smart Water Meter Market Forecast: Breakup by Technology (Million Units), 2022-2027
11. Global Smart Water Meter Historical Market: Breakup by Component (Million Units), 2017-2021
12. Global Smart Water Meter Market Forecast: Breakup by Component (Million Units), 2022-2027
13. Global Smart Water Meter Historical Market: Breakup by Application (Million Units), 2017-2021
14. Global Smart Water Meter Market Forecast: Breakup by Application (Million Units), 2022-2027
15. Global Smart Water Meter Historical Market: Breakup by Region (Million Units), 2017-2021
16. Global Smart Water Meter Market Forecast: Breakup by Region (Million Units), 2022-2027
17. North America Smart Water Meter Historical Market: Breakup by Country (Million Units), 2017-2021
18. North America Smart Water Meter Market Forecast: Breakup by Country (Million Units), 2022-2027
19. Europe Smart Water Meter Historical Market: Breakup by Country (Million Units), 2017-2021
20. Europe Smart Water Meter Market Forecast: Breakup by Country (Million Units), 2022-2027
21. Asia Pacific Smart Water Meter Historical Market: Breakup by Country (Million Units), 2017-2021
22. Asia Pacific Smart Water Meter Market Forecast: Breakup by Country (Million Units), 2022-2027
23. Latin America Smart Water Meter Historical Market: Breakup by Country (Million Units), 2017-2021
24. Latin America Smart Water Meter Market Forecast: Breakup by Country (Million Units), 2022-2027
25. Middle East and Africa Smart Water Meter Historical Market: Breakup by Country (Million Units), 2017-2021
26. Middle East and Africa Smart Water Meter Market Forecast: Breakup by Country (Million Units), 2022-2027
27. Global Smart Water Meter Market Structure
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