Smart Water Metering Market Landscape 2025: Forecast Data and Growth Strategy Insights

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What Is the Expected CAGR for the Smart Water Metering Market Through 2025?
The market for smart water metering has experienced substantial expansion in the past few years. Its market value is projected to rise from $4.41 billion in 2024 to $4.97 billion in 2025, with a compound annual growth rate (CAGR) of 12.6%. The robust growth during the historic period can be credited to factors like aged infrastructure, increased public awareness, emphasis on environmental sustainability, the trending use of data analytics, and government regulations.

What's the Projected Size of the Global Smart Water Metering Market by 2029?
In the upcoming years, the market size for smart water metering is predicted to experience a significant increase, reaching $8.05 billion in 2029 with a compound annual growth rate (CAGR) of 12.8%. This surge during the forecast period can be credited to various factors such as the progression of smart cities, remote control, cloud technology, mobile applications, and apprehensions regarding cyber security. Foreseen trends that will play a significant role in the future include the use of enhanced sensor technologies, incorporation of blockchain in managing water, utilization of edge computing, the preference of subscription-based models, and the integration with smart homes.

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Top Growth Drivers in the Smart Water Metering Industry: What's Accelerating the Market?
The growth of the smart water metering market is anticipated to be driven by the rising urbanization. Urbanization, characterized by an expanding population density in urban regions, entails the development of towns and cities with concurrent social, economic, and infrastructural transformations. Smart water metering supplements urbanization by delivering real-time water consumption data, which promotes efficient administration of resources, lessens water squandering, facilitates proactive infrastructure maintenance, and backs sustainable urban design strategies. This, in turn, helps in building robust and ecologically sustainable urban settings. For instance, data from the United States Department of Commerce as of January 2022 revealed that the US population had reached 332,403,650 and had risen by 0.21% from 2021. As a result, the surge in urbanization propels the expansion of the smart water metering market.

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What Trends Will Shape the Smart Water Metering Market Through 2029 and Beyond?
A dominant trend in the smart water metering marketplace is collaboration. In order to maintain their market position, leading firms are pursuing strategic partnerships to offer a cohesive infrastructure for water utilities. To illustrate, in October 2023, France's utility company Suez that delivers environmental management solutions, engaged in a partnership with Vodafone Business, a UK-based telecommunications services provider. They hoped to exploit Wize technology and NB-IoT in providing extensive coverage for smart water meters in the UK. This effort offered a cost-effective, technology-neutral, advanced metering infrastructure (AMI). The objective of this association is to streamline data groups, transmissions, and negate the need for multiple different systems. It sparks innovation in the smart water metering market by providing a cost-effective, straightforward smart metering infrastructure that enhances water conservation as well as operational efficiency in water companies.

What Are the Main Segments in the Smart Water Metering Market?
The smart water meteringmarket 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 Top Companies are Driving Growth in the Smart Water Metering Market?
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.

Which Regions Will Dominate the Smart Water Metering Market Through 2029?
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.

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