The Europe smart water metering market was valued at US$ 1,331.12 million in 2023 and is expected to reach US$ 2,995.45 million by 2031; it is estimated to register a CAGR of 10.7% from 2023 to 2031.
Europe Smart Water Metering Market Overview
The Europe smart water metering market is segmented into France, Germany, Italy, Russia, the UK, and the Rest of Europe. Mega cities in the UK, Germany, and France are the nodes of smart water meter growth that encourage the adoption of this technology in the region. Nonrevenue water in Europe accounts for an average of 26% of total water across European utilities. Along with increasing measures toward nonrevenue water reduction, there is a growing demand for the efficient use of water resources. Therefore, a significant amount of nonrevenue water demands advanced metering systems to manage revenues across other water usages. Advanced water metering technology provides user-friendly command control systems, integrated billing technology, secure web-based payments, and online consumer applications, which boost customers toward adopting smart water meter products. The Landis+Gyr launched the latest addition of ultrasonic smart water meters—W270 and W370—based on IoT technologies in November 2021. In accordance with the Landis+Gyr Green Design principles, the new portfolio is 100% recyclable after its extensive lifetime of over 15 years. The latest software and hardware solutions for electricity, gas, heat, and water metering were also presented.
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Europe Smart Water Metering Strategic Insights
Strategic insights for the Europe Smart Water Metering provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
- Kamstrup AS
- Mueller Water Products Inc
- Badger Meter Inc
- Itron Inc
- Arad Ltd
- Sensus USA Inc
- WAVIoT Integrated Systems LLC
- Bmeters SRL
- Diehl Stiftung & Co KG
Europe Smart Water Metering Regional Insights
The geographic scope of the Europe Smart Water Metering refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Europe Smart Water Metering Market Segmentation
The Europe smart water metering market is categorized into type, component, end user, meter type, and country.Based on type, the Europe smart water metering market is bifurcated into AMI and AMR. The AMR segment held a larger market share in 2023.In terms of component, the Europe smart water metering market is categorized into controlling unit, display storage & integrated software, and others. The display storage & integrated software segment held the largest market share in 2023.By end user, the Europe smart water metering market is bifurcated into residential and industrial. The residential segment held a larger market share in 2023.
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