Smart Water Metering Market Anticipated To Witness Robust Growth, Surpassing $8.36 Billion By 2029

The Smart Water Metering Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Smart Water Metering Market Size During the Forecast Period?
In the past few years, the market size for smart water metering has seen robust growth. Its expansion is projected to continue with an increase from $4.41 billion in 2024 to $5.02 billion in 2025, showing a compound annual growth rate (CAGR) of 13.9%. The significant upward trend in the historic period was fundamentally driven by factors such as outdated infrastructure, increased consumer awareness, environmental sustainability, the mounting interest in utilising data analytics, and government mandates.

In the forthcoming years, the smart water metering market is forecasted to experience a strong expansion. The market is predicted to escalate to a valuation of $8.36 billion in the year 2029, with a Compound Annual Growth Rate (CAGR) of 13.6%. This predicted growth within the forecast period is due to elements such as the adoption of smart city initiatives, increased remote monitoring, advancements in cloud computing, the prevalence of mobile applications and growing cybersecurity concerns. The period is also likely to see major market trends like the application of advanced sensor technologies, the incorporation of blockchain in managing water resources, the rise of edge computing, a shift towards subscription-based business models, and incorporation into smart home systems.

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What Are the High-Growth Segments in 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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What Key Drivers Are Expected to Influence Future Smart Water Metering Market Growth?
The smart water metering market is predicted to expand as a result of growing urbanization. Urbanization, as it pertains to increasing concentrations of people in cities and towns, encompasses the escalation of these areas and the socio-economic and infrastructural changes that accompany it. The provision of real-time information on water usage by smart water metering enhances urbanization by improving the management of resources, minimizing water waste, enabling the proactive maintenance of infrastructure, and endorsing eco-friendly urban planning strategies, thereby helping to shape resilient and eco-friendly urban environments. For example, the United States Department of Commerce, a US-established executive department, stated in January 2022 that the US population in 2022 stood at 332,403,650, reflecting a 0.21% increase from 2021. Consequently, the acceleration of urbanization is steering expansion in the smart water metering market.

Which Companies Hold the Largest Share Across Different Smart Water Metering Market Segments?
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.

What Trends Are Expected to Dominate the Smart Water Metering Market in the Next 5 Years?
Partnerships have emerged as a crucial trend in the smart water metering market. To solidify their market position, primary market players are actively engaging in strategic partnerships to deliver a unified infrastructure for water utilities. For instance, in October 2023, France's environmental management solutions provider, Suez, entered into a collaborative agreement with Vodafone Business, a UK telecommunications services provider. This collaboration, leveraging Wize technology and NB-IoT, promised comprehensive coverage for smart water meters in the UK and allowed for an economical, vendor-neutral Advanced Metering Infrastructure (AMI). The partnership aimed at consolidating data sets and transmissions to eliminate multiple system uses, thereby fostering innovation in the smart water metering market. This facilitated an affordable and easily implementable smart metering infrastructure, which in turn improved water conservation and operational efficiency among water companies.

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What Are the Emerging Geographies for The Smart Water Metering Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Water Metering Market?
2. What is the CAGR expected in the Smart Water Metering Market?
3. What Are the Key Innovations Transforming the Smart Water Metering Industry?
4. Which Region Is Leading the Smart Water Metering Market?

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