Europe Smart Water Meter Market

Europe Smart Water Meter Market Size, Share, Growth Analysis, By Application(Residential, Commercial), By Technology(AMI, AMR), By Product(Hot Water Meter, Cold Water Meter) - Industry Forecast 2024-2031

Report ID: SQMIR20E2091 | Region: Regional | Published Date: April, 2024
Pages: 157 | Tables: 88 | Figures: 76

Europe Smart Water Meter Market News

  • In March 2023, the European Commission announced that it would be providing $100 million in funding to support the deployment of smart water meters across Europe. The funding is part of the EU's Water Works program, which aims to improve water efficiency and reduce water losses.
  • In February 2023, the German government announced that it would be requiring all water utilities in Germany to install smart water meters by 2025.
  • In January 2023, the French government announced that it would be providing USD 50 million in funding to support the deployment of smart water meters across France.
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FAQs

Europe Smart Water Meter Market size was valued at USD 2 billion in 2021 and is poised to grow from USD 2.30 billion in 2022 to USD 7.04 billion by 2030, growing at a CAGR of 15% in the forecast period (2023-2030).

The competitive landscape of the europe smart water meter market is characterized by a blend of established industry leaders and innovative entrants striving to seize a significant share of this dynamic market. Established players like Kamstrup A/S, Diehl Stiftung & Co. KG, Itron Inc., and Landis+Gyr AG wield considerable influence, leveraging their extensive experience and comprehensive offerings to cater to evolving market demands. These industry stalwarts are recognized for their advanced smart water meter technologies, robust data analytics capabilities, and established customer bases. 'Kamstrup A/S (Denmark)', 'Diehl Stiftung & Co. KG (Germany)', 'Itron Inc. (USA)', 'Landis+Gyr AG (Switzerland)', 'Badger Meter (USA)', 'Sensus (USA)', 'Sensus Deutschland GmbH (Germany)', 'Aclara Technologies LLC (USA)', 'Sensus Italia Srl (Italy)', 'Sensus France S.A.S. (France)', 'Sensus Canada Inc. (Canada)', 'Elster Group GmbH (Germany)', 'Neptune Technology Group Inc. (USA)', 'Axioma Metering (Poland)', 'Holley Technology Ltd. (China)', 'Honeywell International Inc. (USA)', 'Idea Srl (Italy)', 'Apator Group (Poland)', 'ABB Ltd. (Switzerland)', 'Iskraemeco d.d. (Slovenia)'

Escalating water scarcity issues across Europe are driving the adoption of smart water meters, as these technologies enable efficient monitoring, conservation, and equitable distribution of water resources.

IoT and Connectivity: Integration with the Internet of Things (IoT) ecosystem and improved connectivity solutions are enhancing the effectiveness of smart water meters, enabling real-time communication and remote management.

The smart water meter market in Europe achieved a valuation of USD 0.48 billion in 2021. Notably, this region is characterized by proactive roll-outs aimed at fostering sustainable water usage practices, concomitant with attaining economic benefits. These factors, alongside a heightened awareness of smart meter technology among the populace compared to other regions, have propelled Europe to capture a substantial share in the overall market landscape. The presence of numerous independent nations in the region embarking on these roll-outs with government support further bolsters its significance in the market.

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