Smart Water Metering Market Expected to Reach $9.73 Billion
By 2030
“The global Smart water metering market share is expected to witness considerable growth, owing to
increase in demand for wireless water management solutions, especially in Asia-Pacific and LAMEA,
due to rise in demand for digital infrastructure solution across commercial and residential sectors in
these regions. ”
According to Himanshu Jangra,
Semiconductor and Electronics
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KEY FINDINGS OF THE STUDY
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In 2020, the ultrasonic meter segment accounted for maximum revenue, and is projected to
grow at a notable CAGR of 7.1% during the forecast period.
The commercial and industrial segments together accounted for around 65.4% of the Smart
water metering market share in 2020.
The communication segment is projected to growth at a CAGR of 7.7% during the forecast
period.
North America contributed for the major share in the Smart water metering market, accounting
for more than 35.1% share in 2020.
Major key players profiled cover in Report:
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Landis+gyr
Neptune Technology Group Inc.
Honeywell International Inc.
Badger Meter, Inc.
Sensus (Xylem) and many more.
Market dynamics
Drivers
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Rise in need for accuracy in Water billing solution
Need for smart water metering to optimize water consumption
Rise in utilities focus toward reducing nonrevenue water
Restraints
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Lack of government initiatives
Opportunities
• Surge in digitization of the water industry operations
• Report Overview:
https://www.alliedmarketresearch.com/smart-water-metering-market-A13780
Analyst Review:
A smart water meter device is an enhanced monitoring solution designed to gather the water meters
readings or data from each meter automatically on a set date and time. Further, smart water meter
technology is equipped with an in-build wireless communication solution such as an NB-Fi transceiver
capable of transmitting data at a range of more than 5KM. In addition, rise in demand for self-recording
water usage reading and recording solutions is expected to offer profitable opportunities for the smart
water meter market. Moreover, the deployment of AI-powered solutions in the industrial and
commercial sectors is one of the prime factors driving the growth of the smart water meter market in
the coming years.
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