According to MarkNtel Advisors, the Europe Smart Water Meter Market is expecting around 9% CAGR during 2022-27. With the mounting need for efficient water utilization and various measures taken toward minimizing non-revenue water, Europe is experiencing increasing installations of smart water meters and embracing advanced technologies like Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI), District Water Meter (DWM), etc. These are the most prominent aspects driving the Europe Smart Water Meter Market.
Moreover, the mounting awareness among Europeans about the numerous advantages of smart meters, viz., secured online payments, integrated billing, consumer apps, etc., is also driving the market. Additionally, profitable directives by governments of different countries in the region toward adopting smart water meters and substantial funding for smart city infrastructural developments are other prominent aspects anticipated to augment the overall market growth during 2022-27, further states the research report, “Europe Smart Water Meter Market Analysis, 2022.”
Advanced Meter Infrastructure (AMI) to Remain Prevalent across Europe through 2027
Advanced Metering Infrastructure (AMI) is the latest technology for water meter readings. It continuously monitors water usage and aids in two-way communication between smart meters & users, which makes it convenient to detect leaks & monitor their water consumption. Hence, it is being adopted increasingly by water utility companies across Europe and, consequently, would dominate the Europe Smart Water Meter Market over the forecast years.
Benefits like accurate consumption data, real-time data management, & reduced labor costs are driving the demand for AMI-based smart water meters across Europe. Moreover, AMI technology can be integrated easily into water meter data and facilitates simple billing, which are other aspects projected to fuel their demand across several European countries in the years to come.
The UK is the Biggest Market for Smart Water Meters across Europe
Of all countries in Europe, the UK dominates the smart water meter market. It attributes principally to the increasing inclination of the UK government on subsidizing water meters, reducing water tampering acts, and the ever-increasing dependence of many end-user industries on water resources. Moreover, numerous research & development on smart water meters by the leading industry players on improving their UIs (User-Interfaces) are also projecting significant expansion of the smart water meter market in the UK during 2022-27, reveals MarkNtel Advisors in their research report, "Europe Smart Water Meter Market Analysis, 2022."
The leading players in the Europe Smart Water Meter Market include Arad Group, Diehl Metering Group, Honeywell Elster, Kamstrup, Axioma, Itron, Sensus, Apator, Aquametro, & Badger.
Key Questions Answered in the Research Report: