European AMI smart water meter market size
The European AMI smart water meter market is expected to be valued at USD 588.1 million in 2023 and grow at a CAGR of 32% from 2024 to 2032, driven by increasing efforts towards modernizing water infrastructure and improving resource management. This market expansion is influenced by many factors, including the growing need for efficient water usage and regulatory mandates that drive smart water management through the adoption of IoT technologies. Utility companies are looking to enhance water conservation and improve billing accuracy.
The market is also shaped by the growing demand for real-time monitoring and data analytics. The integration of AMI systems with other smart grid technologies is expected to further propel the market and also provide comprehensive solutions for water management. Moreover, the shift to digitalization and the implementation of smart city projects in various European cities are expected to boost the adoption of AMI smart water meters. The market includes a wide range of smart metering technologies and services, including electricity, water, and more. Advancements in technology will further drive market growth with the development of advanced metering infrastructure (AMI), ensuring better data analytics and predictive maintenance.
Europe AMI Smart Water Meter Market Report Attributes Report Attributes Details Base Year: 2023 Europe AMI Smart Water Meter Market Size 2023: US$ 588.1 Million Forecast Period: 2024 – 2032 Forecast Period 2024 – 2032 CAGR: 32% Value Estimate 2032: US$ 7.16 Billion Historical Data: 2021 – 2023 Number of Pages: 100 Tables, Graphs, Figures: 9 Segments Covered: Products and Applications Growth Drivers: Non-Revenue Water Monitoring and Control Continued Trend towards Intelligent Systems in Water Resources Pitfalls and Challenges: Data Privacy and Security
European AMI Smart Water Meter Market Trends
European governments are increasingly implementing strict water conservation regulations and sustainability targets, encouraging utilities to deploy AMI smart water meters. The European Union's Water Framework Directive and various national policies highlight the importance of reducing water waste and improving water management. This regulatory pressure is accelerating the deployment of smart water meters. Smart water meters provide real-time data on water usage, helping utilities and consumers reduce water waste and promote sustainable water use.
IoT-enabled smart water meters provide real-time monitoring and remote management, enabling water utilities to detect leaks, monitor water quality, and manage water distribution more efficiently. Furthermore, incorporating advanced data analytics allows water utilities to predict consumption patterns, optimize water distribution, and improve decision-making processes. The shift towards wireless communication technologies such as LPWAN (Low Power Wide Area Network), NB-IoT (Narrow Band IoT), and LoRaWAN (Long Range Wide Area Network) is a key trend in the market. These technologies provide reliable and cost-effective communication solutions, enabling seamless data transfer from smart meters to water utilities. This improves the overall efficiency of water management systems and reduces operational costs.
European AMI Smart Water Meter Market Analysis
Based on product, the cold water metering segment, which is responsible for managing energy consumption in residential heating systems, is expected to exceed USD 5.6 billion by 2032. The trend in hot water meters is towards more robust designs that can handle higher temperatures and pressures while maintaining accuracy and durability. Innovations include improved insulation and advanced sensor technologies for improved performance and reliability under harsh conditions.
Based on application, the residential segment is expected to grow at a CAGR of 32% from 2024 to 2032, owing to its adoption as it provides accurate, real-time water usage data that helps in consumption management and leak detection. These meters offer advantages such as remote reading and detailed consumption analytics, which are helping their adoption in urban and suburban areas.
Revenues in the German AMI smart water meter market are expected to exceed USD 1.3 billion by 2032, reflecting broader trends in the smart water metering sector as utilities continue to adopt digital solutions to address water management challenges and meet regulatory requirements. The market is characterized by a strong focus on integrating advanced technologies to enhance water meter accuracy, data collection, and management.
European AMI Smart Water Meter Market Share
Companies such as Apator SA, Arad Group, Badger Meter, Inc., BMETERS Srl and Diehl Stiftung & Co. KG have gained significant market share due to their extensive experience and technological advancements in the field. Their products often feature robust data management systems and advanced communication technologies with the ability to integrate with broader smart grid systems. Their strong market presence is also supported by their ability to adapt to regulatory changes and the growing demand for sustainable, smart water management solutions.
Europe AMI Smart Water Meter Market Companies
Apator SA Arad Group Badger Meter, Inc. BMETERS Srl Diehl Stiftung & Co. KG Honeywell International Inc. Itron Inc. Kamstrup Landis+Gyr Ningbo Water Meter Co., Ltd Sensus Siemens Sontex SA ZENNER International GmbH & Co. KG
European AMI Smart Water Meter Industry News
In October 2023, SUEZ and Vodafone announced a partnership to advance next-generation smart water meter connectivity solutions in the UK. The partnership aims to leverage Vodafone's network capabilities and SUEZ's water management expertise to increase the capabilities and efficiency of smart meter systems. The integration will enable improved data transmission and real-time monitoring of water usage, contributing to more effective water resource management and operational efficiency.
In November 2023, Spain is leading the implementation of 3GPP-based low-power wide-area communications for water advanced metering infrastructure, and many major utilities have begun large-scale narrowband IoT deployments. The UK, Italy and the Baltic countries are also showing significant interest in 3GPP-based LPWA technology.
This Europe AMI Smart Water Meter market research report includes a detailed study of the industry with estimations and forecasts in terms of “USD Million” and “000 Units” from 2024 to 2032 for the following segments:
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By market and product
Hot water meter Cold water meter
By market and application
Residential Commercial Utility
The above information is provided for the following countries within the country:
Europe Germany UK Russia Italy Sweden Other Europe
