The smart water metering market is projected to show significant growth during the forecast period, driven by increasing investments in smart water metering infrastructure globally. The market is expected to witness growth in the water utilities segment, particularly due to the focus on reducing non-revenue water and improving metering efficiency. Additionally, the market is experiencing a shift towards smart water meters, offering advantages such as remote monitoring, data analytics, and accurate billing. With regulations mandating water usage metering and the emphasis on leakage detection and prevention, the demand for smart water meters is expected to rise, presenting attractive opportunities for market players. There are numerous attractive opportunities in the smart water metering market during the forecast period. Factors such as increasing demand for efficient water usage, government initiatives towards water conservation, and advancements in technology are expected to drive the growth of the market. Additionally, the adoption of smart water metering solutions by various industries and municipalities is also likely to create lucrative opportunities for market players.

According to MarketsandMarkets, the Smart Water Metering Market is estimated to reach USD 6.4 billion by 2027, with a CAGR of 11.6% from 2022 to 2027. The market is segmented by region into North America, Europe, the Asia Pacific, the Middle East & Africa, and South America. The market is also segmented by technology into smart water meters and mechanical water meters, with the smart water meters segment holding the largest share. Additionally, smart water metering solutions find major applications in the water utilities segment, which is expected to drive the demand for smart water meters in the coming years.

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Some of the top companies in the Smart Water Metering Market include:

• Aclara Technologies LLC
• Badger Meter, Inc.
• Elster Group GmbH
• Itron Inc.
• Landis+Gyr
• Mueller Systems, LLC
• Sensus (Xylem Inc.)
• Kamstrup A/S

Recent Developments

• In June 2021, Itron Inc. partnered with German IoT solutions firm Digimondo to help water utilities improve the management of distribution networks leveraging LoRaWAN
• In May 2022, Badger Meter, Inc. launched its ModMAG M2000 Electromagnetic flow meter with the BACnet MS/TP communication protocol.
• In December 2021, Diehl Metering helped the Maltese Utility Water Services Corporation (WSC) to reduce non-revenue water and overcome the challenges of low flow rates and high levels of limescale
• In July 2019, The City of Safford established a Smart Utility Network by partnering with Sensus. The technologies used in this network are Sensus iPERL residential water meters and the two-way FlexNet communication system.

These companies are leading players in the smart water metering market, offering a range of innovative solutions for water utilities and municipalities. They compete based on factors such as product quality, innovation, pricing, and distribution networks. Additionally, partnerships and strategic alliances play a significant role in the competitive landscape of the market, as companies seek to expand their market presence and technological capabilities.

The clients of the Smart Water Metering Market are primarily water utilities, municipalities, and industries with a high water usage. The disruptions happening to these categories of clients include increasing regulations mandating the metering of water usage, growing focus on reducing non-revenue water, and the need for efficient metering infrastructure to address issues such as leakage detection and prevention. These disruptions will impact the Smart Water Metering Market by driving the demand for advanced solutions that offer remote monitoring, data analytics, and timely billing capabilities. As a result, there will be a shift towards smart water meters in order to meet the evolving needs of clients in these market segments.

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One futuristic use case of the Smart Water Metering Market that is growing is the application in water utilities for reducing non-revenue water and developing efficient metering infrastructure. This is expected to continue growing in the coming years as water utilities focus on leakage detection and prevention to reduce large-volume water loss. Additionally, the demand for smart water meters is increasing due to factors such as increasing access to water supply, water-intensive patterns of growth, growing populations, and water pollution. On the other hand, an application that may not be growing as rapidly is the traditional mechanical water meters segment. With the market shifting towards smart water meters that offer advantages such as remote monitoring, data analytics, and timely billing, the demand for mechanical water meters may decrease over time.