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Smart Water Metering Market by Meter Type (Eelctromagnetic, Ultrasonic, Mechanical), Technology (AMI, AMR), Component (Meters & Accessories, IT Solutions, Communications), Application (Water Utilities, Industries), and Region - Global Forecast to 2024

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Date: 12-Aug-2019
No. of pages: 154
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“The smart water metering market is projected to grow at a CAGR of 10.3% from 2019 to 2024”

The smart water metering market is projected to reach USD 9.6 billion by 2024 from an estimated USD 5.9 billion in 2019, at a CAGR of 10.3% during the forecast period. Utilities focusing on reducing nonrevenue water rates are driving the smart water metering market. Further, rising demand for managing water consumption by water-intensive industries is likely to boost the market.

“The meters & accessories segment is expected to be the largest and the fastest growing market from 2019 to 2024”

The smart water metering infrastructure is made of 3 components, which are meter & accessories, IT solutions, and communications. The hardware components in the meters & accessories segment comprise devices such as flow meters, endpoints, encoders, registers, transmitters, radio modules, and antennas. With the innovation of new technologies in IoT and automation sectors, the ultrasonic meters are preferred as they have inbuilt sensors that provide more accurate data.

“Water utilities, by application, is expected to be the fastest growing market from 2019 to 2024”

The waterutilities segment dominated the global smart water metering market in 2018, holding a 70% share of the total market size. The water utilities are a core part of the water metering value chain, and the smart water meters can help with various aspects of their operations. The water grid used for the distribution of water is a key part of water utilities infrastructure. Currently, the water utilities are concerned about leakage detection and prevention, which results in large volumes of water loss. Moreover, the water losses lead to excessive bills for the customers and in some cases, significant damage and cost to repair. Furthermore, the utilities are focusing on investments related to updating aged conventional water networks and developing new smart water metering infrastructure. The water utilities around the globe are trying to expand their smart water metering customer base. This is driving the growth of water utilities as a major application segment of the global smart water metering.

“Middle East & Africa: The second fastest growing region in the smart water metering market.”

The Middle East & Africa is the second fastest growing region in the smart water metering market; it is projected to grow at a CAGR of 10.4% during the forecast period. Since the region faces water scarcity, the governments are focused on reducing water losses and water leakages caused due to poor or faulty water metering infrastructure. Moreover, the Gulf countries are accelerating their smart metering plans to optimize the water consumption, improve water security, and achieve more sustainable management of the available water resources. Such investments are boosting the demand for smart water metering market in the Middle East & Africa.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1–65%, Tier 2–24%, and Tier 3–11%

  • By Designation: C-Level–30%, Director Level–25%, and Others–45%

  • By Region: Asia Pacific–30%, Middle East&Africa–24%,Europe–24%, North America–18%, and South America–4%


Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined based on their total revenue as of 2017. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million.

The smart water metering market is dominated by a few major players that have a wide regional presence. The leading players in the smart water metering market are Arad Group (Israel), Badger Meter (US), Diehl (Germany), Kamstrup (Denmark), and Itron (US).

Research Coverage:

The report defines, describes, and forecasts the smart water metering market by meter type, technology, component, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the smart water metering market.

Why Buy this Report?


  • The report identifies and addresses the key markets for smart water metering operations and services, which would help equipment manufacturers and service providers review the growth in demand.

  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

  • The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Smart Water Metering Market by Meter Type (Eelctromagnetic, Ultrasonic, Mechanical), Technology (AMI, AMR), Component (Meters & Accessories, IT Solutions, Communications), Application (Water Utilities, Industries), and Region - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitation
1.7 Stakeholders

2 Research Methodology
2.1 Scope
2.2 Key Influencing Factors/Drivers
2.3 Market Size Estimation
2.3.1 Ideal Demand-Side Analysis
2.3.1.1 Assumptions
2.3.1.2 Calculation
2.3.2 Supply-Side Analysis
2.3.2.1 Assumptions
2.3.2.2 Calculation
2.3.3 Forecast
2.4 Primary Insights

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Smart Water Metering Market During the Forecast Period
4.2 Market, By Region
4.3 North American Market, By Technology & Country
4.4 Market, By Meter Type
4.5 Market, By Component
4.6 Market, By Technology
4.7 Market, By Application

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Utilities’ Focus Toward Reducing Nonrevenue Water
5.2.1.2 Need for Smart Water Metering to Optimize Water Consumption
5.2.1.3 Need for Accuracy in Billing
5.2.2 Restraints
5.2.2.1 Lack of Government Initiatives
5.2.2.2 Lack of Awareness and Acceptance By End-Users
5.2.3 Opportunities
5.2.3.1 Replacement of Aging Infrastructure
5.2.3.2 Digitalization of the Water Industry Operations
5.2.4 Challenges
5.2.4.1 High Initial Investments and Long Payback Period

6 Market, By Meter Type
6.1 Introduction
6.2 Electromagnetic Meter
6.2.1 Capabilities of Measuring Wastewater and Better Operational Efficiency Help in Growth of Electromagnetic Meters
6.3 Ultrasonic Meter
6.3.1 Efficient Detection of Leaks, Bursts, and Reverse Flows Help in Reducing Nonrevenue Water, Which is Likely to Boost the Ultrasonic Meter Market
6.4 Mechanical Meter
6.4.1 Low Costs of Mechanical Meters Create Their Sales Opportunities in Developing Countries

7 Market, By Technology
7.1 Introduction
7.2 AMR
7.2.1 AMR Technology Helps in Reducing Manual Intervention for Data Collection, Which is Driving the Market
7.3 AMI
7.3.1 Digitalization and Demand for Data Management are Driving the Higher Growth Rate of the AMI Segment

8 Market, By Component
8.1 Introduction
8.2 Meters & Accessories
8.2.1 Innovations in Technology and New Sensor Built Hardware Components are Driving the Meters & Accessories Market
8.3 IT Solutions
8.3.1 Rising Demand for Data Management Software is Likely to Drive Market
8.4 Communications
8.4.1 Upgrading of Communication Network to Gap the Bridge Between Hardware Component and Software Platforms is Driving the Communications Segment

9 Market, By Application
9.1 Introduction
9.2 Water Utilities
9.2.1 Huge Investments in Smart Metering Infrastructure are Likely to Drive the Water Utilities-Based Market
9.3 Industries
9.3.1 Rising Concerns on Managing Water Consumption to Reduce Operational Costs are Driving the Market

10 Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Focus on Reducing Water Losses By Optimizing Infrastructure is Likely to Drive the US Market
10.2.2 Canada
10.2.2.1 Increased Deployment of Smart Water Infrastructure is Driving the Canadian Market
10.2.3 Mexico
10.2.3.1 New Infrastructural Development and Installation of Smart Water Meters are Boosting the Growth of Smart Water Meters in Mexico
10.3 Europe
10.3.1 Germany
10.3.1.1 Water Utilities are Focused on Reducing NRW By Deploying Smart Water Metering Infrastructure
10.3.2 France
10.3.2.1 Government’s Aim to Replace Old Water Meters With Smart Water Meters is Creating Opportunities for the Market During the Forecast Period
10.3.3 UK
10.3.3.1 The UK’s Water Utilities Plan to Install 100% Smart Water Meters By 2030, Which is Expected to Drive the Market
10.3.4 Netherlands
10.3.4.1 Installation of New Water Meters By Water Utilities is Driving the Market
10.3.5 Denmark
10.3.5.1 Water Utilities are Focusing on Early Leak Detection, Which is Driving the Danish Market
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Demand for Robust Water Management Systems for Coping With Rapid Urbanization in China is Driving the Market
10.4.2 Australia
10.4.2.1 Water Scarcity in the Country is Leading to Rapid Installation of Smart Water Meters to Manage Water Consumption
10.4.3 Japan
10.4.3.1 Large Investments for Expanding the Communications Networks are Driving the Japanese Market
10.4.4 Malaysia
10.4.4.1 High Levels of NRW in Malaysia is Creating Opportunities for Smart Water Meters During the Forecast Period
10.4.5 India
10.4.5.1 Municipalities Focused on Managing Water and Wastewater By Installing Smart Water Meters for Handling Water Consumption
10.4.6 Rest of Asia Pacific
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.1.1 Huge Investments in Installing Smart Water Meters are Driving the Saudi Arabian Market
10.5.2 UAE
10.5.2.1 High Replacement Rate of Old Water Infrastructure With Intelligent Systems is Boosting the Growth of Smart Water Meters in the UAE
10.5.3 Israel
10.5.3.1 Increasing Adoption Rate of Automation Technologies and IoT By Water Utilities is Driving the Israeli Market
10.5.4 South Africa
10.5.4.1 Deployment of AMI Technology in Water Metering Infrastructure is Driving the South African Market
10.5.5 Egypt
10.5.5.1 Upcoming Water Metering Infrastructural Projects Along With Supportive Government Initiatives are Driving the Egyptian Market
10.5.6 Rest of Middle East & Africa
10.6 South America
10.6.1 Brazil
10.6.1.1 Increasing Demand for Smart Water Meters for Solving Water Scarcity is Likely to Boost the Brazilian Market
10.6.2 Argentina
10.6.2.1 Smart Water Meters to Solve the Increasing Water Theft Challenges in Argentina
10.6.3 Uruguay
10.6.3.1 Infrastructural Development for Water Metering is Driving the Uruguayan Market
10.6.4 Rest of South America

11 Competitive Landscape
11.1 Overview
11.2 Ranking of Players
11.3 Competitive Scenario
11.3.1 New Product Launches
11.3.2 Expansions & Investments
11.3.3 Contracts & Agreements
11.3.4 Mergers & Acquisitions
11.4 Competitive Leadership Mapping, 2018
11.4.1 Visionary Leaders
11.4.2 Innovators
11.4.3 Dynamic
11.4.4 Emerging

12 Company Profile
(Business Overview, Products Offered, Recent Developments, MnM View)*
12.1 Badger Meter
12.2 Kamstrup
12.3 Diehl
12.4 Landis+Gyr
12.5 Aclara Technologies
12.6 Sensus
12.7 Itron
12.8 Datamatic
12.9 B Meters
12.10 Elster Group
12.11 Arad Group
12.12 Zenner
12.13 Neptune Technology Group

*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Smart Water Metering Market Snapshot
Table 2 Smart Water Metering Market Size, By Meter Type, 2017–2024 (USD Million)
Table 3 Electromagnetic Meter: Market Size, By Region, 2017–2024 (USD Million)
Table 4 Ultrasonic Meter: Market Size, By Region, 2017–2024 (USD Million)
Table 5 Mechanical Meter: Market Size, By Region, 2017–2024 (USD Million)
Table 6 Smart Water Metering Market Size, By Technology, 2017–2024 (USD Million)
Table 7 AMR: Market Size, By Region, 2017–2024 (USD Million)
Table 8 AMI: Market Size, By Region, 2017–2024 (USD Million)
Table 9 Smart Water Metering Market Size, By Component, 2017–2024 (USD Million)
Table 10 Meters & Accessories: Market Size, By Region, 2017–2024 (USD Million)
Table 11 Meters & Accessories: Market Size, By Application, 2017–2024 (USD Million)
Table 12 IT Solutions: Market Size, By Region, 2017–2024 (USD Million)
Table 13 IT Solution: Market Size, By Region, 2017–2024 (USD Million)
Table 14 Communications: Market Size, By Region, 2017–2024 (USD Million)
Table 15 Communications: Market Size, By Region, 2017–2024 (USD Million)
Table 16 Smart Water Metering Market Size, By Application, 2017–2024 (USD Million)
Table 17 Water Utilities: Market Size, By Region, 2017–2024 (USD Million)
Table 18 Water Utilities: Market Size, By Component, 2017–2024 (USD Million)
Table 19 Industries: Market Size, By Region, 2017–2024 (USD Million)
Table 20 Industries: Market Size, By Component, 2017–2024 (USD Million)
Table 21 Smart Water Metering Market Size, By Region, 2017–2024 (USD Million)
Table 22 North America: Market Size, By Meter Type, 2017–2024 (USD Million)
Table 23 North America: Market Size, By Technology, 2017–2024 (USD Million)
Table 24 North America: Market Size, By Component, 2017–2024 (USD Million)
Table 25 North America: Market Size, By Application, 2017–2024 (USD Million)
Table 26 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 27 US: Smart Water Metering Market Size, By Application, 2017–2024 (USD Million)
Table 28 Canada: Market Size, By Application, 2017–2024 (USD Million)
Table 29 Mexico: Market Size, By Application, 2017–2024 (USD Million)
Table 30 Europe: Market Size, By Meter Type, 2017–2024 (USD Million)
Table 31 Europe: Market Size, By Technology, 2017–2024 (USD Million)
Table 32 Europe: Market Size, By Component, 2017–2024 (USD Million)
Table 33 Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 34 Europe: Market Size, By Country, 2017–2024 (USD Million)
Table 35 Germany: Market Size, By Application, 2017–2024 (USD Million)
Table 36 France: Market Size, By Application, 2017–2024 (USD Million)
Table 37 UK: Market Size, By Application, 2017–2024 (USD Million)
Table 38 Netherlands: Market Size, By Application, 2017–2024 (USD Million)
Table 39 Denmark: Market Size, By Application, 2017–2024 (USD Million)
Table 40 Rest of Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 41 Asia Pacific: Market Size, By Meter Type, 2017–2024 (USD Million)
Table 42 Asia Pacific: Market Size, By Technology, 2017–2024 (USD Million)
Table 43 Asia Pacific: Market Size, By Component, 2017–2024 (USD Million)
Table 44 Asia Pacific: Market Size, By Application, 2017–2024 (USD Million)
Table 45 Asia Pacific: Market Size, By Country, 2017–2024 (USD Million)
Table 46 China: Market Size, By Application, 2017–2024 (USD Million)
Table 47 Australia: Market Size, By Application, 2017–2024 (USD Million)
Table 48 Japan: Market Size, By Application, 2017–2024 (USD Million)
Table 49 Malaysia: Market Size, By Application, 2017–2024 (USD Million)
Table 50 India: Market Size, By Application, 2017–2024 (USD Million)
Table 51 Rest of Asia Pacific: Market Size, By Application, 2017–2024 (USD Million)
Table 52 Middle East & Africa: Market Size, By Meter Type, 2017–2024 (USD Million)
Table 53 Middle East & Africa: Market Size, By Technology, 2017–2024 (USD Million)
Table 54 Middle East & Africa: Market Size, By Component, 2017–2024 (USD Million)
Table 55 Middle East & Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 56 Middle East & Africa: Market Size, By Country, 2017–2024 (USD Million)
Table 57 Saudi Arabia: Market Size, By Application, 2017–2024 (USD Million)
Table 58 UAE: Market Size, By Application, 2017–2024 (USD Million)
Table 59 Israel: Market Size, By Application, 2017–2024 (USD Million)
Table 60 South Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 61 Egypt: Market Size, By Application, 2017–2024 (USD Thousand)
Table 62 Rest of Middle East & Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 63 South America: Market Size, By Meter Type, 2017–2024 (USD Million)
Table 64 South America: Market Size, By Technology, 2017–2024 (USD Million)
Table 65 South America: Market Size, By Component, 2017–2024 (USD Million)
Table 66 South America: Market Size, By Application, 2017–2024 (USD Million)
Table 67 South America: Market Size, By Country, 2017–2024 (USD Million)
Table 68 Brazil: Market Size, By Application, 2017–2024 (USD Million)
Table 69 Argentina: Market Size, By Application, 2017–2024 (USD Thousand)
Table 70 Uruguay: Market Size, By Application, 2017–2024 (USD Thousand)
Table 71 Rest of South America: Market Size, By Application, 2017–2024 (USD Thousand)
Table 72 Developments of Key Players in the Market, January 2016–July 2019

List of Figures

Figure 1 Ranking of Key Players & Industry Concentration, 2018
Figure 2 North America Dominated the Market in 2018
Figure 3 Electromagnetic Meter Segment is Expected to Hold the Largest Share of the Market, By Meter Type, During the Forecast Period
Figure 4 AMR Segment is Expected to Lead the Market, By Technology, During the Forecast Period
Figure 5 IT Solutions Segment of the Market, By Component, is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 6 Water Utilities Segment is Expected to Lead the Market, By Application, During the Forecast Period
Figure 7 Contracts & Agreements is the Major Strategy Adopted By Players in the Market
Figure 8 Investments in Water Metering Infrastructure By Water Utilities to Reduce the Nonrevenue Water are Expected to Drive the Market, 2019–2024
Figure 9 North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 AMR Segment and the US Dominated the North American Market in 2018
Figure 11 Electromagnetic Meter Segment Dominated the Market, By Meter Type, in 2018
Figure 12 Meters & Accessories Segment is Expected to Dominate the Market, By Component, During the Forecast Period
Figure 13 AMR Segment Dominated the Market, By Technology, in 2018
Figure 14 Water Utilities Segment Dominated the Market, By Application, in 2018
Figure 15 Percentage of Nonrevenue Water Observed By Water Utilities Across Countries, in 2018
Figure 16 Urban and Rural Population Trend (2012–2017)
Figure 17 Investment Trends for Integrated Water Services (2012–2019)
Figure 18 The Ultrasonic Meter Segment to Grow at the Fastest Rate During the Forecast Period
Figure 19 North America Dominated the Electromagnetic Market, By Meter Type, in 2018
Figure 20 North America Dominated the Ultrasonic Market, By Meter Type, in 2018
Figure 21 North America Dominated the Mechanical Meter Market, By Meter Type, in 2018
Figure 22 The AMR Segment is Expected to Dominate the Market, By Technology, During the Forecast Period
Figure 23 The North American AMR Market, By Region, is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 24 The North American Region Dominated the Global Market, By AMI Technology, in 2018
Figure 25 IT Solutions Segment to Grow at the Fastest Rate During the Forecast Period
Figure 26 North America Dominated the Meters & Accessories Market in 2018
Figure 27 North America Accounted for A 53.1% Share of the IT Solutions Market in 2018
Figure 28 Europe Was the Second Largest Communications Market in 2018
Figure 29 The Water Utilities Segment is Expected to Dominate the Market, By Application, During the Forecast Period
Figure 30 North America Dominated the Water Utilities Segment of the Market, By Region, in 2018
Figure 31 North America Dominated the Industries Segment of the Market, By Region, in 2018
Figure 32 Regional Snapshot (2018): Growing Markets are Emerging as New Hot Spots
Figure 33 North America: the Fastest Growing Market, 2019 & 2024
Figure 34 North America: Market Overview, 2018
Figure 35 Europe: Water Consumption Overview, 2018
Figure 36 Europe: Market Overview, 2018
Figure 37 Key Developments in the Market, January 2016–July 2019
Figure 38 Ranking of Key Players & Industry Concentration, 2018
Figure 39 Competitive Leadership Mapping, 2018
Figure 40 Diehl: Company Snapshot
Figure 41 Itron: Company Snapshot

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