Europe Smart Water Meter Market Analysis

Europe Smart Water Meter Market Analysis

Europe smart water meter market from the residential segment is slated to observe 27% growth during 2023-2032 led by an escalating need for optimization of water usage. In fact, governments in the region are investing considerable amounts in the supply of safe drinking water across the residential sector, which will propel the espousal of smart water meters.
 

The industry size from the AMI technology type recorded a valuation of more than USD 500 million in 2022, because of its exceptional sensing accuracy and the high degree of inflow management capability. These devices can efficiently manage water supply even in challenging environments in urban and rural areas. In addition, the wide range availability of user-friendly AMI smart water meters equipped with secured web-enabled payment systems and integrated billing features will further create a strong impetus for market expansion.
 

Germany smart water meter market is estimated to amass USD 2 billion by 2032. The surging population has bolstered the focus of government authorities on urban systems and freshwater sources for efficient water supply in the country. However, changing climatic conditions in the country have further propelled the need for smart water management devices, paving the way for regional business development.