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Europe AMI Smart Water Meter Market Size

Report ID: GMI10996
Published Date: Aug 2024
Report Format: PDF

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Europe AMI Smart Water Meter Market Size

Europe AMI Smart Water Meter Market was valued at USD 588.1 million in 2023 and is anticipated to grow at a CAGR of 32% from 2024 to 2032, driven by increasing efforts to modernize water infrastructure and improve resource management. This market expansion is influenced by many factors which includes the rising need for efficient water usage and regulatory mandates promoting smart water management with the adoption of IoT technologies. Utilities are aiming to enhance water conservation and to improve billing accuracy.

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The market is also being shaped by the growing demand for real-time monitoring and data analytics. The integration of AMI systems with other smart grid technologies is expected to further propel the market and it also offers a comprehensive solution for water management. Additionally, the shift towards digitalization and the implementation of smart city projects in various European cities are anticipated to boost the adoption of AMI smart water meters. The market encompasses a broad range of smart metering technologies and services, including electricity, water. With the advancement of technology, the development of advanced metering infrastructure (AMI), is further propelling market the growth, which ensures for better data analytics and predictive maintenance.

Europe AMI Smart Water Meter Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe AMI Smart Water Meter Market Size in 2023:	USD 588.1 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	32%
2032 Value Projection:	USD 7.16 Billion
Historical Data for:	2021 - 2023
No. of Pages:	100
Tables, Charts & Figures:	9
Segments covered:	Product and Application
Growth Drivers:	Non-revenue water monitoring and control Ongoing inclination toward intelligent systems in the water resource
Pitfalls & Challenges:	Data Privacy and Security

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Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of Europe AMI smart water meter was valued at reached USD 588.1 million in 2023 and is anticipated to grow at 32% CAGR from 2024 to 2032, driven by increasing efforts to modernize water infrastructure and improve resource management.

The residential application segment in the Europe AMI smart water meter market is anticipated to witness 32% CAGR through 2032, due to their ability to provide accurate and real-time water usage data to help in managing consumption and detecting leaks.

Germany AMI smart water meter industry is anticipated to surpass 1.3 billion by 2032, due to higher adoption of digital solutions to address water management challenges and meet regulatory requirements.

Apator S.A, Arad Group, Badger Meter, Inc., BMETERS Srl, Diehl Stiftung & Co. KG, Honeywell International Inc., Itron Inc., Kamstrup, Landis+Gyr, Ningbo Water Meter Co., Ltd, and Sensus.