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Based on product, the cold-water meter segment is expected to cross USD 5.6 billion by 2032, due to their role in managing energy consumption in residential heating systems. The trend in hot water meters is towards more robust designs that can handle higher temperatures and pressures while maintaining accuracy and durability. Innovations include enhanced thermal insulation and advanced sensor technologies to improve performance and reliability in challenging conditions.
Based on application, residential segment is anticipated to grow with a CAGR of 32% from 2024 to 2032, with the increase in adoption due to their ability to provide accurate and real-time water usage data which helps in managing consumption and detecting leaks. These meters offer benefits like remote reading and detailed consumption analytics which contribute to their growing adoption in urban and suburban areas.
Germany AMI smart water meter market revenue to surpass USD 1.3 billion by 2032, as utilities continue to embrace digital solutions to address water management challenges and meet regulatory requirements, reflecting broader trends in the smart water metering sector. The market is characterized by a strong focus on integrating advanced technologies to enhance water metering accuracy, data collection, and management.