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Smart Water Metering Market Size By Application (Residential, Commercial, Utility), By Technology (AMR, AMI), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, Italy, France, UK, Sweden, Portugal, China, Japan, South Korea, India, Australia, UAE, Saudi Arabia, South Africa, Lebanon, Egypt, Mexico, Brazil, Uruguay, Argentina), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024

Published Date: April 2017 | 195 Pages | Report ID: GMI697 Report Format: PDF

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Summary Table of Contents Industry Coverage Methodology

Industry Trends

Smart Water Metering Market size was over USD 6 billion in 2016 and is predicted to surpass 290 million units by 2024.

Germany Smart Water Metering Market Size, By Application, 2016 (Million Units)
Germany Smart Water Metering Market Size, By Application, 2016 (Million Units)


Increasing concerns towards accountability of Non-Revenue Water (NRW) will positively impact the global smart water metering market size by 2024. Emerging sustainable water management solutions coupled with rising efforts to conserve water will augment the business growth. International Water Association (IWA) has segmented NRW into unbilled authorized consumption owing to inaccurate metering systems, apparent losses include theft and real losses are subject to faulty distribution networks.

Stringent regulations to boost effectiveness of water distribution network coupled with accurate assessment of the resource allocation will propel the smart water metering market growth. As per EC Directive 2000/60/EC, member countries have been mandated to give high priority to conservation and prevention of water deterioration, owing to increasing drought conditions in the region.

In 2011, the UK government entrusted the responsibility of deploying smart meters in the country to the erstwhile Development of Energy and Climate Change (DECC). As per DECC, the total deployment cost of these products over the next 20 years was USD 12.0 billion while the total benefits were estimated at USD 20.9 billion primarily owing to restricting NRW, which will further boost the smart water metering market outlook.

In February 2017, National Integrated Drought Information System (NIDIS) released their findings for North America, reporting that over nine regions in the continent are experiencing drought situation ranging from abnormally dry to exceptionally dry conditions. Parts of East Coast are facing wet droughts with deficiency in precipitation over a sustained period. However, concerns towards data security and privacy may act as a restraint to the market growth.

Smart Water Metering Market, By Application

Smart water metering market share for 2016 from commercial applications accounted for over 35% of the global share. Increasing water prices with uncertain supply and availability may boost the industry growth. Commercial and utility end users are realizing the importance of conserving water and effectively mapping their usage as unregulated spending on resources can affect the profitability of the enterprise. Smart water metering industry from utility applications is set to witness gain over 13% during the forecast timeframe owing to stringent regulations towards water conservation.

Residential market size is predicted to surpass 90 million units by 2024 subject to increasing demand for transparency and accuracy in billing. These products have witnessed high demand owing to the convenience offered by prepaid water meters which can effectively track consumption, helping reduce the financial and water losses owing to NRW.

Smart Water Metering Market, By Technology

Smart water metering market from Automatic Meter Infrastructure (AMI) is anticipated to witness growth over 10% by 2024. Technological advancement coupled with high prices has led to low penetration of AMI systems. AMI assists commercial and utility establishments in streamlining the billing process including reduction in labor costs required to accumulate data from traditional meters, and efficient billing generation. Data gathered by AMI units assists in conducting root cause analysis to identify problems and manage allocation of water in a better manner.

These products also help in significantly decreasing NRW by identifying water loss in distribution system and at end user points. Two-way communication helps utilities receive real-time data and educates customers on water conservation, helping them reduce their water bills. Curbing water losses and billing accuracy can be achieved along with provisions for affordable maintenance. Utilities can benefit from analyzing data gathered by these systems to better understand customer requirements. Smart water metering market from Automatic Meter Reading (AMR) is set to exceed 150 million units by 2024, owing to high adoption at affordable prices coupled with better availability.

Smart Water MeteringIndustry , By Region

UK smart water metering market share is predicted to grow over 12%. In 2016, the International Energy Agency (IEA) published a report stating that Europe will require an investment of USD 40 billion annually for the next decade to set up infrastructure to cater to increasing demand. As per the National Oceanic and Atmospheric Administration (NOAA), September 2016 was the second hottest autumn in the past century, with conditions worsening in the European region owing to La Nina conditions prevalent around North Sea region and Central Russian province.

U.S. smart water metering market size is set to exceed USD 3 billion by 2024 owing to increasing adoption of these systems in commercial and utility applications owing to affordable prices and convenience. Strict norms towards non-revenue water may further complement the business outlook. The National Association of Water Companies (NAWC) reported that water utility infrastructures are the most expensive to operate.

Japan market size for 2016 was valued over USD 300 million. In 2016, Japan Water Research Center (JWRC) reported that the government plans to achieve 100% roll-out of smart meters to water customers by 2025.

Competitive Market Share

Global smart water metering market participants include Siemens AG, Itron, Elster, Sensus, Landis+Gyr, Kamstrup, Aclara Technologies, Xylem, Badger Meter, Datamatic, Diehl, Neptune Technology, Arad, Arqiva and others.

In August 2016, Xylem acquired Sensus for approximately USD 1.7 billion. The acquisition helped Xylem consolidate its position as a major player in the industry, in the current scenario when strict regulations are compelling companies and customers to control their water consumption more efficiently. Xylem has announced deployment of about USD 3.5 billion on more merger and acquisition deals in the next decade, further propelling the market growth.

Smart Water Metering Industry Background

Smart water metering network is an integrated system of solutions that enables customers to monitor and diagnose consumption problems continuously, identify maintenance issues and provide data to effectively track usage patterns. These products are capable of two-way communication in real time, and have control and measurement devices. Two-way real-time networks have been available for the past decade though, challenges from uninterrupted power supply are restraining their adoption in most parts of the world. Numerous commercial and utility establishments have identified the need for smart grid infrastructure, though its adoption is yet to increase. Smart water metering market has tremendous unexplored potential that can help alleviate impending global water scarcity.

What Information does this report contain?

What was the historic market data from 2013 to 2016, what is the industry growth forecast from 2017 to 2024?
A detailed analysis of regulatory trends, growth drivers, industry pitfalls, challenges and opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2024?
What are the technology & innovation trends, how will they evolve by 2024?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

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