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AMI Smart Water Meter Market Trends

  • Report ID: GMI10888
  • Published Date: Aug 2024
  • Report Format: PDF

AMI Smart Water Meter Market Trends

The evolution of smart water meters, driven by IoT (Internet of Things) and AI (Artificial Intelligence), is a key factor in the market's expansion. These meters offer real-time data collection, remote monitoring, and automated data analysis, allowing utility companies to optimize operations, detect leaks promptly, and improve billing accuracy. Enhanced communication technologies such as LPWAN (Low Power Wide Area Network) and 5G are further advancing smart water meter capabilities, ensuring reliable and efficient data transmission over long distances. This technological integration not only boosts the accuracy of water usage data but also enables predictive maintenance, reducing operational costs and enhancing system efficiency.
 

Rapid urbanization and the expansion of smart cities are major drivers of market growth. As urban populations increase, the need for advanced infrastructure to manage water resources becomes critical. Smart water meters provide a solution by offering precise measurement and management of water consumption, helping municipalities and utility providers cope with the challenges of growing urban areas. The adoption of smart water meters in new and existing infrastructure projects aligns with broader smart city initiatives aimed at improving sustainability and resource management.
 

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of AMI smart water meter was worth over USD 1.3 billion in 2023 and is anticipated to record a CAGR of 32.9% through 2032, due to the increasing demand for efficient water management, conservation, and reduced operational costs for utility companies.

The residential segment is anticipated to register a CAGR of more than 32.4% through 2032, owing to the growing demand for smart water meters that provide detailed consumption data and insights.

Europe AMI smart water meter market is projected to surpass USD 7 billion by 2032, owing to the implementation of stringent regulations and the introduction of incentives to enhance water management, improve efficiency, and support sustainability goals.

Arad Group, Badger Meter, Inc., BMETERS Srl, Diehl Stiftung & Co. KG, Honeywell International Inc., Itron Inc., kamstrup, Landis+Gyr, and Neptune Technology Group Inc. among others.

AMI Smart Water Meter Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 15
  • Countries covered: 19
  • Pages: 110
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