Market Leaders - Smart Water Metering market
The global Smart Water Metering market is expected to grow at a CAGR of 11.6% during the forecast period, from an estimated USD 3.7 billion in 2022 to USD 6.4 billion in 2027. Globally, water utilities are considering technological innovations in water metering infrastructure to improve their operational efficiency. According to a UN report, 66% of the world’s population will be living in urban areas by 2050. This creates a scenario of a large population with no or poor access to water infrastructure. Countries are facing the constant issue of water loss and wastage. Also, governments are facing challenges in terms of developing sustainable infrastructure. Increasing breaches in access to water supply and sanitation, more water-intensive patterns of growth, growing populations, and water pollution are leading to increasing investments in the smart water metering infrastructure.
The North American region, followed by Asia Pacific, is estimated to be the largest market for smart water meters. North America is mainly due to the high installation rate of smart water meters by North American water utilities. The region is also the highest consumer of water in the world. According to the EPA, an average American family consumes more than 300 gallons of water per day at home. This leads to more demand for smart water metering in the region to manage water consumption and reduce water wastage.
The smart water metering market is characterized by the presence a mix of large international players with operational presence across the world and local players commanding a strong supply network in the domestic market. The leading players in the global smart water metering are BADGER METER, INC. (US), Sensus (US), Diehl Stiftung & Co. KG (Germany), Aclara Technologies (US), and Itron, Inc. (US)
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BADGER METER, INC. is one of the leading suppliers of smart metering solutions for water consumption. The company operates its business through two major business divisions—municipal water and flow instrumentation. It manufactures products related to flow measurement and control technologies, serving water utilities, municipalities, residential, and commercial and industrial customers worldwide. The company offers products under various brands, such as Recordall, Hedland, Dynasonics, Blancett, and Research Control. The municipal water business segment is further subsegmented into manually read meters and remotely read meters via radio technology. In this segment, the company offers complete water metering solutions, including mechanical or static (ultrasonic) water meters, along with the related radio and software technologies and services. It manufactures products used in water-related applications for residential and commercial purposes. BADGER METER, INC. has a strong presence in North America, Asia, Europe, and the Middle East. North America is the largest regional market for the company’s municipal water products. The company has manufacturing facilities in Neuffen, Germany; Nogales, Mexico; Brno, Czech Republic; and Bern, Switzerland. It also has a development facility in Lulea, Sweden. The company exports products from the US, which are manufactured in Milwaukee, Wisconsin; Racine, Wisconsin; and Tulsa, Oklahoma.
Sensus, a Xylem brand, is one of the most prominent players that provides metering solutions to water, gas, electric, and heat utilities by offering communication, metrology, and software solutions. The company offers a broad range of smart infrastructure for asset management and collects accurate, real-time data. The company has a wide product portfolio, which includes water meters, flow sensors, turbo meters, and electricity meters, among other products, along with accessories. These products are supported by advanced solutions to enhance their performance in providing AMI, automatic meter reading, conservation voltage reduction, leak management, and many other areas. Sensus also manages its business through various services, such as advisory & planning, installation & deployment, innovation & optimization, and communication networks. The company has a global presence in over 15 countries and has offices in over 30 locations in these countries.
Related Reports:
Smart Water Metering Market by Meter type (Ultrasonic, Electromagnetic, Smart Mechanical), Application (Water Utilities, Industries), Technology (AMI, AMR), Component (Meter & Accessories, Communications) and Region - Global Forecast to 2027
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