Prominent Smart Water Metering Market Trend for 2025: Suez And Vodafone Business Collaboration Pioneering Innovation In Smart Water Metering Market

What industry-specific factors are fueling the growth of the smart water metering market?
The growth of the smart water metering market is being propelled by the rise in urbanization. The growth and development of cities, accompanied by socio-economic and infrastructural transformations, are facets of urbanization, which is characterized by a growing population concentration in urban areas. By providing real-time data on water use, smart water metering aids urbanization, facilitating more efficient management of resources, minimizing water waste, enabling proactive maintenance of infrastructures, and supporting initiatives for sustainable urban planning. This significantly contributes to the establishment of sustainable and environmentally conscious urban spaces. In evidence of this, the United States Department of Commerce reported in January 2022 that the US population for the year was 332,403,650, noting an increase of 0.21% from the previous year, 2021. Consequently, the rise in urbanization is fuelling the expansion of the smart water metering market.

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What Is the projected market size and growth rate for the smart water metering market?
The market size for smart water metering has seen fast-paced growth in the past few years. There is a projection of its growth from $4.41 billion in 2024 to $5.02 billion in 2025, maintaining a compound annual growth rate (CAGR) of 13.9%. The considerable growth during the prior period can be credited to multiple factors including the aging infrastructure, heightened consumer consciousness, environmental sustainability concerns, the growing fascination for data analytics usage, and applicable government laws and regulations.

The market size of smart water metering is predicted to experience a swift expansion in the upcoming years, reaching $8.36 billion by 2029, with a compound annual growth rate (CAGR) of 13.6%. This growth during the predicted period is largely down to factors such as the initiatives of smart cities, remote monitoring, the use of cloud computing, mobile applications, and concerns about cybersecurity. Significant trends in the forecast period are expected to encompass advanced sensor technologies, the application of blockchain in water management, edge computing, subscription-based models, and integration with smart homes.

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What new trends are reshaping the smart water metering market and its opportunities?
The trend of forming alliances is playing a pivotal role in the smart water metering market. The leading firms in the market are endeavoring to establish strategic partnerships to offer consolidated facilities for water utilities, maintaining their market dominance. To illustrate, Suez, an environmental management solutions company from France entered a partnership with Vodafone Business, a UK-based telecommunications services provider in October 2023. The objective of this partnership was to utilize Wize technology and NB-IoT to provide an extensive network for smart water meters in the UK, proposing a cost-efficient, manufacturer-independent Advanced Metering Infrastructure (AMI). This cooperation intends to consolidate data sets, transmissions, and to avoid the necessity for multiple systems. This promotes novelty in the smart water metering market by providing a readily available and economical smart metering framework, thereby, improving water conservation and operational efficiency for water agencies.

What major market segments define the scope and growth of the smart water metering market?
The smart water metering market covered in this report is segmented -

1) By Meter Type: Ultrasonic Meter, Electromagnetic Meter, Mechanical Meter
2) By Component: Information Technology (IT) Solutions, Communications, Meters And Accessories
3) By Technology: Automatic Meter Reading, Advanced Meter Infrastructure
4) By Application: Residential, Water Utilities, Industrial, Agricultural

Subsegments:
1) By Ultrasonic Meter: Clamp-On Ultrasonic Meters, In-Line Ultrasonic Meters
2) By Electromagnetic Meter: Inline Electromagnetic Flow Meters, Insertion Electromagnetic Flow Meters
3) By Mechanical Meter: Positive Displacement Meters, Turbine Meters, Vortex Meters

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Which region dominates the smart water metering market?
North America was the largest region in the smart water metering market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart water metering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the smart water metering industry growth?
Major companies operating in the smart water metering market include Honeywell International Inc., Diehl Stiftung & Co KG, Itron Inc., Landis+Gyr Group AG, Aclara Technologies LLC, Badger Meter Inc., Kamstrup A/S, Arad Group, Apator SA, Zenner International GmbH & Co KG, Sensus USA Inc., Axioma Metering, Maddalena SpA, INTEGRA Metering AG, WAVIoT, ket*os Digital Services Private Limited, WaterSMART Solutions Ltd., MOM Zrt., BETAR Company, WaterTech SpA, Elster Group GmbH, DH Metering Europe SA, G. GIOANOLA Srl, Hebei Shanghong Water Meters Technology Co Ltd., Smartflow Engineering Services Private Limited, WEGoT Utility Solutions Pty. Ltd.

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What Is Covered In The Smart Water Metering Global Market Report?

•Market Size Forecast: Examine the smart water metering market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart water metering market for a structured understanding.
•Key Players Overview: Analyze major players in the smart water metering market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart water metering market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart water metering market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart water metering market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart water metering market.
•Competitive Landscape: Review strategic developments in the smart water metering market, including expansions, agreements, and new product launches.

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