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North America AMI Water Meter Market Trends

Report ID: GMI6654
Published Date: Sep 2023
Report Format: PDF

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North America AMI Water Meter Market Trends

The North America AMI water meter industry is witnessing a transformative shift driven by digitalization, data analytics, water conservation, and customer engagement. These trends are not only improving water utility operations but also contributing to sustainable water resource management in the region. The industry for water management in North America is becoming increasingly data-driven and customer-centric, with AMI water meters playing a central role in this transformation, which in turn is stimulating the deployment of AMI water meters in the region.

Continuous & exponential digital transformation coupled with data analytics & related insights will complement the AMI water meter market demand in the U.S. & Canada. Utilities are transitioning from traditional analog meters to smart AMI water meters that provide real-time data on water consumption. This digitalization enables utilities to monitor usage patterns, detect leaks, and remotely manage water distribution networks efficiently.

In addition, the wealth of data generated by AMI water meters is driving investments in data analytics and artificial intelligence in the region. Water utilities are using advanced analytics to gain insights into consumption patterns, forecast demand, and optimize infrastructure. This data-driven approach is improving operational efficiency and reducing costs.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size for AMI water meter in North America reached USD 383.5 million in 2023 and is poised to expand at a 29.4% CAGR through 2032, marked by digitalization and technology integration.

The residential AMI water meter segment is expected to grow at over 27.8% CAGR till 2032, primarily due to the implementation of directives and strategic plans aimed at replacing traditional meters.

The cold water meter segment in North America is projected to record 28.2% CAGR during 2023 to 2032, as they are increasingly integrated into advanced metering infrastructure systems, offering real-time data on water consumption.

Badger Meter, Inc. Landis+Gyr, Honeywell International Inc., Kamstrup, Itron Inc., Sensus, Mueller Systems, LLC., Aclara Technologies LLC., Ameresco, TRILLIANT HOLDINGS INC., and Arad Group.