North America Smart Water Meter Market 2022-2028
MARKET OUTLOOK
According to a study by Triton Market Research, North America’s smart water meter market is likely to progress with a CAGR of 6.84% in the estimated duration from 2022 to 2028. The United States and Canada make up the market in this region.
North America boasts of having one of the largest installed bases for smart water meters. A majority of the utilities are working on projects to replace or retrofit AMR meters with AMI ones. The region is also the market leader for AMI-based smart metering and associated solutions for data analytics that enable utilities to detect leaks, shut off valves remotely, and receive smart alerts so as to take immediate action.
In February 2018, Kamstrup, a globally renowned smart energy and water metering solutions supplier, announced opening a new plant for smart water meter production in the United States. This led to other manufacturers investing and ascending the utilization. Further, the Baltimore Meter project, which was initiated in 2014, used smart meters to collect data on water usage. It was rolled out in September that year with over 10,000-meter installations in the city’s Mount Vernon & Pimlico neighborhoods, and Baltimore County’s Bowleys Quarters.
Halifax Water, a Canada-based utility, gained approval from the Nova Scotia Utility and Review Board (NSUARB) to upgrade the water meters in the region. The water distribution & treatment firm announced its plans to replace the existing analog water meters with automated smart water metering systems in early 2017. The new system was set up to gain real-time data on how consumers use water, to help them practice sustainable water usage, and reduce their bills.
COMPETITIVE OUTLOOK
Sensus (acquired by Xylem), Mueller Water Products Inc, Datamatic Inc, Itron Inc, Aclara Technologies LLC (acquired by Hubbell Incorporated), Zenner International GmbH & Co KG, Badger Meter Inc, and Neptune Technology Group Inc are some of the top players in the smart water meter market.
- 1. North America Smart Water Meter Market – Summary
- 2. Industry Outlook
- 2.1. Impact Of Covid-19 On The Smart Water Meter Market
- 2.2. Parent Market Analysis: Smart Meter Market
- 2.3. Key Insights
- 2.3.1. Shrinking Water Resources Across The World
- 2.3.2. Increasing Focus On Accountability Of Non-revenue Water (Nrw)
- 2.3.3. Advanced Metering Infrastructure (Ami) Anticipated To Project The Highest Cagr
- 2.4. Porter’s Five Forces Analysis
- 2.4.1. Threat Of New Entrants
- 2.4.2. Threat Of Substitutes
- 2.4.3. Bargaining Power Of Buyers
- 2.4.4. Bargaining Power Of Suppliers
- 2.4.5. Threat Of Competitive Rivalry
- 2.5. Market Attractiveness Index
- 2.6. Vendor Scorecard
- 2.7. Industry Components
- 2.8. Key Strategic Developments
- 2.8.1. Mergers & Acquisitions
- 2.8.2. Product Launches & Developments
- 2.8.3. Partnerships & Agreements
- 2.9. Market Drivers
- 2.9.1. Rising Demand For Sustainable Water Supply Across Various Industries
- 2.9.2. Benefits Offered By Smart Water Meters
- 2.10. Market Challenges
- 2.10.1. Limited Budgets Allocation For Smart Systems
- 2.10.2. Higher Cost Of Smart Water Meter Installation
- 2.10.3. Operational Issues
- 2.11. Market Opportunities
- 2.11.1. Evolving Sustainable Water Management Systems
- 2.11.2. Smart City Projects In The Pipeline Across The World
- 3. North America Smart Water Meter Market Outlook – By Technology
- 3.1. Automatic Meter Reading (Amr)
- 3.2. Advanced Metering Infrastructure (Ami)
- 4. North America Smart Water Meter Market Outlook – By End-user
- 4.1. Residential
- 4.2. Commercial & Industrial
- 5. North America Smart Water Meter Market – Country Outlook
- 5.1. United States
- 5.2. Canada
- 6. Competitive Landscape
- 6.1. Aclara Technologies Llc (Acquired By Hubbell Incorporated)
- 6.2. Arad Group
- 6.3. Badger Meter Inc
- 6.4. Datamatic Inc
- 6.5. Diehl Stiftung & Co Kg
- 6.6. Master Meter Inc (Acquired By Arad Ltd)
- 6.7. Mueller Water Products Inc
- 6.8. Neptune Technology Group Inc
- 6.9. Sensus (Acquired By Xylem)
- 6.10. Zenner International Gmbh & Co Kg
- 6.11. Elster Group Gmbh
- 6.12. Icsa (India) Limited
- 6.13. Itron Inc
- 6.14. Kamstrup As
- 6.15. Landis+Gyr Ag
- 7. Research Methodology & Scope
- 7.1. Research Scope & Deliverables
- 7.2. Sources Of Data
- 7.3. Research Methodology
- Table List
- Table 1: North America Smart Water Meter Market, By Country Outlook, 2022-2028 (In $ Million)
- Table 2: Vendor Scorecard
- Table 3: List Of Mergers & Acquisitions
- Table 4: List Of Product Launches & Developments
- Table 5: List Of Partnerships & Agreements
- Table 6: 10 Countries With The Highest % Of The Population Lacking Basic Access To Water, 2019
- Table 7: Number Of People Not Having Access To Safe Water In Top 10 Countries, 2017
- Table 8: North America Smart Water Meter Market, By Technology Outlook, 2022-2028 (In $ Million)
- Table 9: Various Advantages Of Amr Systems
- Table 10: North America Smart Water Meter Market, By End-user Outlook, 2022-2028 (In $ Million)
- Table 11: North America Smart Water Meter Market, By Country Outlook, 2022-2028 (In $ Million)
- Figure List
- Figure 1: Process Flow Of Smart Water Meters
- Figure 2: Market Attractiveness Index
- Figure 3: Industry Components – Smart Meters
- Figure 4: Types Of Smart Meters
- Figure 5: North America Smart Water Meter Market, Technology Outlook, 2021 & 2028 (In %)
- Figure 6: North America Smart Water Meter Market, By Automatic Meter Reading (Amr), 2022-2028 (In $ Million)
- Figure 7: North America Smart Water Meter Market, By Advanced Metering Infrastructure (Ami), 2022-2028 (In $ Million)
- Figure 8: North America Smart Water Meter Market, End-user Outlook, 2021 & 2028 (In %)
- Figure 9: North America Smart Water Meter Market, By Residential, 2022-2028 (In $ Million)
- Figure 10: North America Smart Water Meter Market, By Commercial & Industrial, 2022-2028 (In $ Million)
- Figure 11: North America Smart Water Meter Market, Country Outlook, 2021 & 2028 (In %)
- Figure 12: United States Smart Water Meter Market 2022-2028 (In $ Million)
- Figure 13: Canada Smart Water Meter Market 2022-2028 (In $ Million)
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