Europe Smart Water Meter Market is Segmented By Technology (Automatic Meter Reading, Advanced Metering Infrastructure, Others), By Type (One-way Water Meters, Two-way Water Meters, Smart Water Meters, Others), By Component (Meters & Accessories, IT Solutions, Communications, Others), By Application (Residential, Commercial, Industrial, Others). The report offers the value (in USD billion) for the above-mentioned segments.
Market Size in USD Bn
CAGR11.5%
Study Period | 2023 - 2030 |
Base Year of Estimation | 2022 |
CAGR | 11.5% |
Largest Market | Europe |
Market Concentration | High |
Major Players | Itron, Diehl Metering, Zenner International, Elster Group, Kamstrup and Among Others. |
The Europe smart water meter market size is expected to reach US$ 4.30 Bn by 2030, from US$ 2.01 Bn in 2023, at a CAGR of 11.5% during the forecast period. Smart water meters are devices that measure and record water consumption data and communicate it back to the utility company for monitoring and billing. They provide real-time water usage data, detect leaks, and support water conservation efforts. The key drivers of the market include government policies, growing demand from emerging economies, increasing digitalization and automation, and rising awareness about water conservation.
The Europe smart water meter market is segmented by technology, type, component, application, and region. By technology, the market is segmented into Automatic Meter Reading, Advanced Metering Infrastructure, Others. The AMR segment held the largest share of the market in 2023. AMR technologies allow remote reading of meters through short-range radio frequency. It does not provide real-time usage data but offers cost benefits compared to AMI.
Europe Smart Water Meter Market Drivers
Europe Smart Water Meter Market Opportunities
Europe Smart Water Meter Market Restraints
Figure 1. Europe Smart Water Meter Market Size in US$ Bn
Itron, Diehl Metering, Zenner International, Elster Group, Kamstrup, Landis+Gyr, Sensus, Aclara Technologies, Badger Meter, Neptune Technology Group
Europe Smart Water Meter Market
New product launches
Acquisition and partnerships
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What are the key factors hampering growth of the Europe smart water meter market?
The major factors hampering the Europe smart water meter market growth are high upfront costs of deployment, privacy and security concerns, technical knowledge and manpower limitations.
What are the major factors driving the Europe smart water meter market growth?
The major factors driving the Europe smart water meter market growth are regulatory mandates, water conservation efforts, and advancements in IoT technology.
Which is the leading component segment in the Europe smart water meter market?
The leading component segment in the Europe smart water meter market is the meters & accessories segment.
Which are the major players operating in the Europe smart water meter market?
The major players operating in the Europe smart water meter market are Itron, Diehl Metering, Zenner International, Elster Group, Kamstrup, Landis+Gyr, Sensus, Aclara Technologies, Badger Meter, and Neptune Technology Group.
What will be the CAGR of Europe smart water meter market?
The CAGR of the Europe smart water meter market is projected to be 11.5% from 2023 to 2030.