Europe Smart Water Meter Market Size, By Application (Residential, Commercial, Utility), By Technology (AMI, AMR), By Product (Hot Water Meter, Cold Water Meter), Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2017 – 2027

Industry Trends

Europe Smart Water Meter Market size was valued at over USD 600 million in 2020 and is set to register around 29% CAGR between 2021 and 2027. A smart water meter is an IoT-enabled device that measures water consumption across houses, buildings or utilities, ensuring high accuracy and reliability of data. The growing demand for the efficient use of water resources along with increasing measures toward non-revenue water reduction will propel the business scenario.
 

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Emerging intelligent and sustainable water management solutions for billing accuracy and remote metering will drive product adoption. Moreover, technological advancements to integrate advanced metering infrastructure with an IoT-enabled platform for effective monitoring of water consumption patterns will propel the industry scenario. Furthermore, favorable government mandates & standards for the adoption of intelligent water meters will boost the business outlook.
 

Ongoing adoption of advanced metering infrastructure across the residential, commercial, and utility sectors will drive market trends

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Europe smart water meter market from residential sector is anticipated to exceed USD 1.5 billion by 2027. Rising consumer awareness of efficient water management along with the growing demand for end-to-end web monitoring devices will accelerate the business outlook. The adoption of advanced communication modules along with the availability of these meters in different meter sizes including low-power consumption and long-range coverage will accelerate end-to-end product implementation prospects.
 

Remote monitoring, increasing water scarcity, and rapid integration of cybersecurity mechanisms to ensure secure & reliable consumer data consumption will stimulate technology adoption across commercial establishments. The current restructuring of water distribution networks & systems will further fuel industrial prospects. Increasing investments in advanced infrastructure development owing to rising focus in achieving the Smart City objective will further foster technology demand.
 

Deployment of advanced IoT-based meters along with the development of reliable performance-driven metering technologies will complement the industry scenario

Europe smart water meter market from AMI technology exceeded a total installation of over 20 million units in 2020 and is projected to grow at a rate of over 40% through 2027. The ability to provide real-time data management, process optimization, reliable & accurate consumption data, reduced labor costs, enhanced design, and extensive battery life will positively influence the installation of these units.
 

Advanced metering technology provides integrated billing technology, online consumer applications, user-friendly command control systems, and secure web-based payments, which incline customers toward product adoption. For instance, in December 2020, Kamstrup signed a contract with PHYSEC GmbH to develop a LoRaWan compatible digital water meter with advanced security mechanisms & LoRaWAN communication technology.
 

Improved water sustainability, real-time reading, and monitoring consumer water consumption will sway utilities to adopt intelligent water meters

The cold smart water meter market is anticipated to rise on account of growing consumer spending coupled with the adoption of efficient water-saving solutions in residential and commercial establishments. Emphasis on digitizing and advancing water distribution networks along with rapid water consumption and increasing water demand will further complement the business scenario. The rising prominence of sustainable water infrastructure combined with minimum deployment costs of cloud-based technology will further augment the product demand.
 

Hot smart water meters in recent years have witnessed growth on account of their high reliable operability to withstand high temperatures. These meters enable the monitoring & diagnosis of hot-water consumption patterns and track the cost related to water resource utilization. Moreover, sealed counter mechanism flow and inductive pre-equipment for data modules installation along with the suitability of these meters for hot water, ranging from 90 - 150 degrees Celsius will accelerate adoption across the residential, commercial, and utility sectors.
 

Government initiatives to install advanced metering solutions along with the replacement of conventional meters with cloud-based meters will foster the industry outlook

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The UK smart water meter market is anticipated to grow on account of ongoing metering programs and targets along with replacement of old meters with advanced cloud based metering solutions. Stringent government norms to provide over 80% of the end-users with intelligent metering systems will complement the business scenario. In recent years, the UK government has introduced rollout strategies, policies, and programs for the installation of advanced metering systems across the country. For instance, AMP6, AMP7 & AMP8 water resource programs in the UK aim to install meters to over 90% of the end-users by 2022, enabling utilities with efficient water metering management, leakage reduction & repair, and regular monitoring of consumption.
 

The introduction of the smart city concept in Spain has accelerated the adoption of intelligent water meter infrastructure to improve urban water supply planning and management. For instance, in July 2021, Global Omnium signed an agreement for the installation of over 150,000 SIM cards embedded with NB-IoT technology to enhance the data communication power of 450,000 domestic & industrial smart water meters across Spain. This initiative will facilitate efficient services to customers and expand the full range of services across remote areas in the country.
 

Ongoing initiatives & mandates by the government and utilities for the smart management of water resources will propel the business outlook

The pandemic outbreak has slightly affected the smart water meter market in Europe owing to the imposition of lockdowns and halt across the manufacturing base. Various organizations are taking initiatives to develop new advanced metering solutions to fulfill the ongoing objective of smart city and digitalization in Europe. In addition, the government and several companies have started the deployment of advanced intelligent metering solutions in the second quarter of 2020. For instance, in December 2020, E.ON installed over 20,000 advanced metering systems at the Wasserverband Weddel-Lehre (WWL) plant in Germany. Furthermore, the company plans to install over 2.5 million smart meters over a period of ten years.
 

Ongoing strategic partnerships and contractual agreements will improve the industry presence of the players

Inorganic growth ventures and strategic implications including joint ventures and mergers among leading manufacturers to provide advanced smart metering solutions will propel the business outlook. For instance, in June 2021, Itron partnered with Digimondo, a German IoT solutions company, to enable water utilities to improve their distribution network management by leveraging LoRaWAN. The ongoing partnership aims to improve the way water companies connect, monitor, and manage their networks. The integration will allow the utilities to develop & operate their LoRaWAN-based network for remote reading of water meters.
 

Eminent players functioning across the Europe smart water meter market include Diehl Metering, Apator SA, Siemens, Badger Meter, Landis+Gyr, Kampstrup, Itron, Sontex SA, B Meters Metering Solutions, Honeywell International, Inc., Sensus, ARAD Group, Zenner International, and Ningbo Water Meter Co., Ltd. Leading participants are inclined toward new agreements, collaborations, joint ventures, and acquisitions. For instance, in January 2020, Kamstrup acquired Blue Control, a Danish software company, to integrate digital solutions into smart water meter devices. This acquisition will aid the company to develop computerized solutions for water communication networks and Blue Control will offer production & distribution solutions including controlling, filtering, extracting, pumping, and reporting for water utilities.
 

The Europe smart water meter market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘Units’ & ‘USD’ from 2017 to 2027 for the following segments:

By Application

• Residential
• Commercial
• Utility

By Technology

• AMI
• AMR

By Product

• Hot Water Meter
• Cold Water Meter

The above information has been provided for the following countries:

By Countries

• Germany
• Poland
• Sweden
• Denmark
• Finland
• Russia
• Italy
• UK
• Norway
• Czech Republic
• Estonia
• Latvia
• Lithuania
• Switzerland
• Austria
• Spain