Europe Smart Water Meter

Europe Smart Water Meter Market Research Report: Forecast (2022-27)

By Type (One-Way, Two-Way), By Technology (Automated Meter Reading (AMR), Advanced Metering Infrastructure (AMI), Standard (non-AMR/AMI) Meters), By End-Users (Municipal, Commercial, Residential, Indu Read more

  • Environment
  • Mar 2022
  • 187
  • ET10201

Market Definition

Smart water meters are electronic devices used mainly by water utilities to measure water inflow & consumption from remote locations using wireless communication & IoT-enabled platforms. They provide more advantages than traditional meters, like better precision & accuracy in data, to customers & service providers. Moreover, they also help detect leaks & heavy water usage. Various advancements are undergoing toward enhancing the performance of these meters & making them an economical source for estimating water consumption. These benefits of smart water meters are driving the attention of many end-user industries across Europe and, in turn, projecting a significant expansion of the overall market in the coming years.

Market Insights

The Europe Smart Water Meter Market is projected to grow at a CAGR of around 9% during the forecast period, i.e., 2022-27. The growth of the market is driven principally by various measures taken to minimize non-revenue water, the mounting need for efficient utilization of resources, and rapid technological advancements to integrate advanced metering infrastructure with IoT-enabled platforms.

Europe has been profoundly active in embracing advanced technologies, including Advanced Metering Infrastructure (AMI), District Water Meter (DWM), Pressure Water Meter (PWM), and Automatic Meter Reading (AMR). As a result, people across the region are highly aware of the various benefits of smart meters, viz., secured online payments, inline consumer apps & command control systems, & integrated billing, among others.

In addition, favorable government policies for the adoption of smart water meters, massive investments in developing smart city infrastructure, and stringent government norms to minimize residential, commercial, & utility water waste are other prominent aspects anticipated to boost the Smart Water Meter Market across Europe through 2027.

Impact of Covid-19 on the Europe Smart Water Meter Market

The Covid-19 pandemic in 2020 drastically impacted most industries across Europe, where the Europe Smart Water Meter Market witnessed a moderate effect of the crisis. In the initial months, there was a slim slump in the installation & deployment of smart water meters across Europe owing to stringent movement restrictions & lockdowns imposed by governments of different European countries to curb the spread of the disease.

However, in the second quarter, governments came up with numerous initiatives to deploy smart water meter systems across the region in line with their mounting focus on smart city developments. As a result, the coming years are full of significant growth opportunities for the Europe Smart Water Meter Market, owing to several innovations in the advanced metering infrastructure, coupled with the growing digitalization across the region.

Market Segmentation

Based on Technology:

  • Automated Meter Reading
  • Advanced Metering Infrastructure
  • Standard Meters

Amongst these three, Advanced Metering Infrastructure (AMI) is projected to dominate the Europe Smart Water Meter Market with the largest share during 2022-27. It attributes primarily to its benefits like process optimization, real-time data management, minimized labor costs, accurate consumption insights, & extensive battery life, among others.

AMI is the most recent meter reading technology being progressively adopted by water utilities across Europe. It promotes 2-way communication between smart meters & users and continuously monitors usage & performance, which enables enhanced load balancing among different countries and makes it more convenient for users to manage their water consumption & detect leaks.

As a result of these advantages, utilities across the region are increasingly adopting AMI-based smart water meters and have observed reduced water leakage & non-revenue water. Moreover, easy integration with water meter data and simple billing for industrial & commercial users are other benefits associated with AMI contributing to their burgeoning requirement across several European countries.

Country Landscape

Geographically, the Europe Smart Water Meter Market expands across:

  • The UK
  • Germany
  • France
  • Spain
  • Scandinavia
  • CIS + Russia
  • Central & Eastern
  • Benelux

Of all countries in Europe, the UK is the most prominent smart water meter market projected to witness an abundance of growth opportunities through 2027. Various government initiatives for minimizing meter tampering activities & non-revenue water are positively influencing the market growth in the UK. Furthermore, rigorous R&D activities by leading market players in the country to enhance the user-interface abilities like consumer apps, leakages alerts, and hour-wise consumption readings are further likely to boost the adoption of smart meters in the UK over the forecast years.

On the other hand, France is observing a stable market growth rate due to various ongoing projects toward digitalizing water services. In Germany, the government is making several efforts toward encouraging the utilization of smart water meters across the country. Nevertheless, the rise in government focus toward subsidizing water meters, coupled with the soaring industrial reliance on water resources, are other crucial aspects projected to drive the smart water meter market in these countries over the forecast years.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Europe Smart Water Meter Market?
  2. What are the country-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Europe Smart Water Meter Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Europe Smart Water Meter Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Europe Smart Water Meter Market study?

Frequently Asked Questions

A. The Europe Smart Water Meter Market is projected to grow at a CAGR of around 9% during 2022-27.

A. Favorable government mandates & incentives to reduce non-revenue water losses and the surging need for sustainable water management solutions are the key factors projected to drive the Europe Smart Water Meter Market during 2022-27.

A. The various ongoing & upcoming initiatives for smart city developments taken by governments of major countries in Europe is the key trend projected to boost the Smart Water Meter Market in the coming years.

A. Advanced Metering Infrastructure (AMI) is projected to emerge as an area of remunerative opportunities for the leading players in the Europe Smart Water Meter Market through 2027.

1.     Introduction

1.1.   Product Definition

1.2.   Research Process

1.3.   Assumptions

1.4.   Market Segmentation

2.     Executive Summary

3.     Expert Verbatim- What our Experts Say?

4.     Macroeconomic Outlook

5.     Europe Smart Water Meter Market Outlook, 2017-2027

5.1.   Market Potential & Outlook

5.1.1. Units Sold

5.1.2. Market Revenues

5.2.   Market Segmentation & Outlook

5.2.1. By Type

5.2.1.1.  One Way

5.2.1.2.  Two Way

5.2.2. By Technology

5.2.2.1.  Automated Meter Reading

5.2.2.2.  Advanced Metering Infrastructure

5.2.2.3.  Standard Meters

5.2.3. By End Users

5.2.3.1.  Municipal

5.2.3.2.  Commercial

5.2.3.3.  Industrial

5.2.3.4.  Residential

5.2.4. By Country

5.2.4.1.  UK

5.2.4.2.  Germany

5.2.4.3.  France

5.2.4.4.  Spain

5.2.4.5.  Scandinavia

5.2.4.6.  CIS + Russia

5.2.4.7.  Central & Eastern

5.2.4.8.  Benelux

5.2.4.9.  Others

5.2.5. By Company

5.2.5.1.  Revenue Shares

5.2.5.2.  Strategic Factorial Indexing

5.2.5.3.  Competitor Placement in MarkNtel Quadrant

6.     UK Smart Water Meter Market Outlook (2017- 2025)

6.1.   Market Potential & Outlook

6.1.1. Units Sold

6.1.2. Market Revenues

6.2.   Market Segmentation & Outlook

6.2.1. By Type

6.2.2. By Technology

6.2.3. By End Users

7.     Germany Smart Water Meter Market Outlook (2017-2025)

7.1.   Market Potential & Outlook

7.1.1. Units Sold

7.1.2. Market Revenues

7.2.   Market Segmentation & Outlook

7.2.1. By Type

7.2.2. By Technology

7.2.3. By End Users

8.     France Smart Water Meter Market Outlook (2017-2025)

8.1.   Market Potential & Outlook

8.1.1. Units Sold

8.1.2. Market Revenues

8.2.   Market Segmentation & Outlook

8.2.1. By Type

8.2.2. By Technology

8.2.3. By End Users

9.     Scandinavia Smart Water Meter Market Outlook (2017-2025)

9.1.   Market Potential & Outlook

9.1.1. Units Sold

9.1.2. Market Revenues

9.2.   Market Segmentation & Outlook

9.2.1. By Type

9.2.2. By Technology

9.2.3. By End Users

10.  CIS + Russia Smart Water Meter Market Outlook (2017-2025)

10.1.  Market Potential & Outlook

10.1.1.   Units Sold

10.1.2.   Market Revenues

10.2.  Market Segmentation & Outlook

10.2.1.   By Type

10.2.2.   By Technology

10.2.3.   By End Users

11.  Central & Eastern Europe Smart Water Meter Market Outlook (2017-2025)

11.1.  Market Potential & Outlook

11.1.1.   Units Sold

11.1.2.   Market Revenues

11.2.  Market Segmentation & Outlook

11.2.1.   By Type

11.2.2.   By Technology

11.2.3.   By End Users

12.  Benelux Smart Water Meter Market Outlook (2017-2025)

12.1.  Market Potential & Outlook

12.1.1.   Units Sold

12.1.2.   Market Revenues

12.2.  Market Segmentation & Outlook

12.2.1.   By Type

12.2.2.   By Technology

12.2.3.   By End Users

13.  Europe Smart Water Meter Market Attractiveness Index, 2019- 2025

13.1.By Type

13.2.By Technology

13.3.By End Users

13.4.By Country

14.  Europe Smart Water Meter Market Trends & Developments

15.  Europe Smart Water Meter Market Dynamics

15.1.Impact Analysis

15.2.Drivers

15.3.Challenges

16.  Europe Smart Water Meter Market Winning Strategies, 2019

16.1.Investment Scenario

16.2.Hotspots

17.  Europe Smart Water Meter Market Porter’s Five Forces Analysis

1.     Europe Smart Meter Market Key Success Imperatives for Growth & Success

18.  Competitive Benchmarking

18.1.Competition Matrix

18.1.1. Product Portfolio

18.1.2. Target Markets

18.1.3. Target End Users

18.1.4. Research & Development

18.1.5. Strategic Alliances

18.2.Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)

18.2.1.   Arad Group

18.2.2.   Diehl Metering Group

18.2.3.   Honeywell Elster

18.2.4.   Kamstrup

18.2.5.   Axioma

18.2.6.   Itron

18.2.7.   Sensus

18.2.8.   Apator

18.2.9.   Aquametro

18.2.10. Badger

19.  Disclaimer

European Smart Water Meter Market Segmentation