Global Smart Water Meter Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Smart Water Meter Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A smart meter is an electronic device that records consumption of electric energy and communicates the information to the electricity supplier for monitoring and billing.

Market Overview:

The latest research study on the global Smart Water Meter market finds that the global Smart Water Meter market reached a value of USD 3279.21 million in 2022. It’s expected that the market will achieve USD 5245.92 million by 2028, exhibiting a CAGR of 8.15% during the forecast period.

Drivers

With the growth of the national economy, the downstream industry of the water meter industry has developed rapidly, and the demand for residential and industrial water has increased rapidly. This has led to the development of the entire water meter industry, and the number of related enterprises has increased to a certain extent. At the same time, with the maturity of various smart water meters and acquisition system technologies, some forward-looking companies in the industry began to switch to the smart water meter market. After a period of growth, the number of smart water meter companies, product quality and variety specifications have changed a lot. With the support of relevant policies and users' requirements for remote control and remote measurement, the smart water meter industry will be further developed.

Limitations

Water meter is a kind of high-precision metering product. The production and sales of the products have obtained the production license of metering products. The technology is leading, the quality is excellent, and the quality inspection and measurement test are carried out before leaving the factory. However, the possibility of quality problems after the product is sold is not excluded. As an important basis for the measurement of water fees, water meters will directly cause economic losses to the water supply units and water users, which will have a relatively large impact on the reputation of the enterprise and customer maintenance and market development.

Opportunities

Sharing is the need for the socialization of the system. With the increasing management of water resources intensification, the data on human resource utilization is not only a local and regional concern, but also becomes a problem. The country, a social concern. Therefore, the sharing of data has become the basis for the intensive management of water resources in the whole society. Since the background data processing software has been in various forms in terms of data interface and management process for a long time, the degree of data sharing is not high. Therefore, the standardization and modularization of the background data processing software is the only way to achieve data sharing. Standardization ensures the unification of data reading methods. Modularization can ensure the diversification of software functions for water management and improve the applicability of software applications, thus achieving cross-regional integration of water management.

Region Overview:

Geographically, North America held the largest market share – 31.39% in 2022.

Company Overview:

Badger Meter is one of the major players operating in the Smart Water Meter market, holding a share of 9.31% in 2023.

Badger Meter

Badger Meter, Inc. provides flow measurement, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities.

Aichi Tokei Denki Co., Ltd.

Tokai Denki Co.,Ltd. was founded in 1945. The Company's line of business includes the wholesale distribution of electrical apparatus and equipment wiring supplies.

Segmentation Overview:

Among different product types, Remote Transmitting Water Meter segment is anticipated to contribute the largest market share in 2028.

Pre-Payment Water Meter

It is a high-tech mechatronics intelligent instrument with advanced microcomputer control technology as the core and smart card as the information transmission medium and has the dual functions of mechanical counting and electronic counting.

Remote Transmitting Water Meter

The remote transmission water meter has a built-in lora module, which supports the relay function, and can connect the water meters in the pipe network through the repeater to realize long-distance transmission.

Application Overview:

By application, the Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Smart Water Meter market covered in Chapter 3:

Suntront Tech Co., Ltd.
Ningbo Water Meter Co., Ltd.
Elster (Honeywell)
Wasion Group Holdings Limited
Integrated Electronic Systems Lab Co., Ltd.
Badger Meter
Neptune Technology Group
Aichi Tokei Denki Co., Ltd.
Ningbo Donghai Group
Zenner
Kamstrup
Sensus
DH Metering Europe SA
Lianyungang Water Meter Co., Ltd.
Diehl Metering
Huizhong Instrumentation Co., Ltd.
Lianyungang Lianli Water Meter Co., Ltd
Landis+Gyr
Fuzhou Zhongfu Water Meter Co., Ltd.
Itron Inc.
Shenzhen Star Instrument Co. Ltd.
Arad Group
Chongqing Smart Water Meter Co., Ltd.
Mueller Water Products
Shenzhen Huaxu Technology Development Co., Ltd.
Hangzhou Sunrise Technology Co., Ltd.
PowerCom Ltd.
Sanchuan Wisdom Technology Co. Ltd.
Takahata Precison Co., Ltd.
B METERS s.r.l.

In Chapter 4 and Chapter 14.2, on the basis of types, the Smart Water Meter market from 2018 to 2029 is primarily split into:

Pre-Payment Water Meter
Remote Transmitting Water Meter

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Smart Water Meter market from 2018 to 2029 covers:

Residential
Commercial
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)