North America AMI Water Meter Market size - By Application (Residential, Commercial, Utility), Product (Hot Water Meter, Cold Water Meter), Growth Potential, Reginal Analysis & Forecast, 2024 - 2032

North America AMI Water Meter Market Size

North America AMI Water Meter Market was valued at over USD 383.5 million in 2023 and is set to grow at over 29.4% CAGR from 2024 to 2032, marked by digitalization and technology integration. Utilities are increasingly leveraging AMI water meters to collect real-time data, enabling them to monitor consumption, detect leaks, and remotely manage water distribution networks. This shift towards digital solutions is enhancing operational efficiency and reducing costs.

 

The wealth of data generated by AMI meters is driving investments in advanced analytics and artificial intelligence, providing utilities with valuable insights into consumption patterns and enabling infrastructure optimization. Water conservation is a prominent trend, with AMI meters empowering consumers to monitor their water usage in real-time and facilitating leak detection. These meters are also playing a crucial role in smart city initiatives, contributing to urban planning and resource allocation.
 

Increasing government compliance, remote monitoring along with rising concern for cyber security are the prime factors contributing to the industry dynamics in the North America region. As these trends continue to unfold, the AMI water meter market is poised for further growth and innovation in water resource management and utility operations. Beyond operational benefits, the deployment of smart meters establishes a foundation for real-time communication between consumers and utilities. This bi-directional communication enables consumers to gain insights into their energy consumption patterns, encouraging more informed and conscious energy usage. For utilities, this real-time data exchange aids in load balancing, demand response, and grid optimization.
 

COVID- 19 Impact

The COVID-19 pandemic had several notable impacts on the North America Advanced Metering Infrastructure (AMI) water meter market. The pandemic disrupted supply chains, causing delays in the production and distribution of AMI meters and related components. This resulted in project delays and hindered the rollout of AMI systems for water utilities. In addition, social distancing measures and lockdowns temporarily disrupted fieldwork and installation activities, slowing down the deployment of AMI water meters.
 

Utilities adjusted schedules and adapted to the new safety protocols, which affected project timelines. However, the pandemic also underscored the importance of digital solutions in the water utility sector. With the need for remote monitoring and data collection, the adoption value of AMI systems became more evident, thereby spurred the industry growth in the region.
 

North America AMI Water Meter Market Trends

The North America AMI water meter industry is witnessing a transformative shift driven by digitalization, data analytics, water conservation, and customer engagement. These trends are not only improving water utility operations but also contributing to sustainable water resource management in the region. The industry for water management in North America is becoming increasingly data-driven and customer-centric, with AMI water meters playing a central role in this transformation, which in turn is stimulating the deployment of AMI water meters in the region.
 

Continuous & exponential digital transformation coupled with data analytics & related insights will complement the AMI water meter market demand in the U.S. & Canada. Utilities are transitioning from traditional analog meters to smart AMI water meters that provide real-time data on water consumption. This digitalization enables utilities to monitor usage patterns, detect leaks, and remotely manage water distribution networks efficiently.
 

In addition, the wealth of data generated by AMI water meters is driving investments in data analytics and artificial intelligence in the region. Water utilities are using advanced analytics to gain insights into consumption patterns, forecast demand, and optimize infrastructure. This data-driven approach is improving operational efficiency and reducing costs.
 

North America AMI Water Meter Market Analysis

The residential AMI water meter market is expected to expand at 27.8% CAGR through 2032, due to the implementation of directives and strategic plans aimed at replacing traditional meters. The integration of advanced metering infrastructure empowers consumers to efficiently manage their energy consumption, potentially leading to cost savings on energy bills. In addition, these systems enable the use of software applications, allowing users to access the most up-to-date recorded data and recover information in case of system failures. The robust investments in the real estate sector, coupled with a growing focus on smart home development, are poised to accelerate the broader acceptance and integration of AMI water meter technology in the foreseeable future.
 

A significant momentum is underway, propelled by regulatory mandates and strategic initiatives focused on the replacement of conventional meters with advanced metering infrastructure. This transition provides homeowners with increased control over their energy consumption, potentially resulting in cost savings on utility bills. In addition, the incorporation of software applications allows consumers to monitor real-time usage data and retrieve information in the event of technical issues.
 

The North America AMI water meter market from cold water meter segment is poised to observe around 28.2% growth rate till 2032. Cold water meters are increasingly integrated into advanced metering infrastructure systems, offering real-time data on water consumption. This integration empowers both utilities and consumers to monitor usage patterns and promptly detect leaks, contributing to water conservation efforts. Cold water meters are evolving to provide more comprehensive data and analytics capabilities, enabling utilities to gain deeper insights into water usage and optimize distribution networks.
 

Leak detection features are becoming standard, helping prevent damage and reduce water bills. These meters are designed for remote monitoring and control, enhancing operational efficiency. In addition, there is a growing emphasis on environmental sustainability, aligning cold water meters with the goal of reducing water waste. Consumer engagement is on the rise, as user-friendly interfaces and mobile apps enable active monitoring and management of water consumption. Regulatory compliance further drives the adoption of advanced cold-water meters, as utilities seek to meet standards and reduce non-revenue water losses.
 

The U.S. AMI water meter market will register over 28.4% CAGR during the forecast period, led by key trends that are reshaping water utility management and consumer engagement. The shift towards digital transformation is evident as utilities transition from traditional analog meters to smart AMI water meters, enabling real-time data monitoring and efficient water distribution management. Data analytics and artificial intelligence are becoming essential tools for utilities to gain insights into consumption patterns and optimize infrastructure, resulting in improved operational efficiency.
 

The increasing emphasis on water conservation is encouraging responsible consumption, leak detection, and the implementation of demand response programs. AMI water meters are fostering greater customer engagement, allowing consumers to access their usage data and make informed decisions. Utilities are investing in the modernization of water distribution infrastructure to reduce losses and enhance reliability. Regulatory compliance, resilience, and sustainability are driving the adoption of AMI technology, providing tools for better water resource management and emergency response.
 

North America AMI Water Meter Market Share

Prominent industries operative in the North America AMI Water Meter market includes, :

• Badger Meter, Inc.
• Landis+Gyr
• Honeywell International Inc.
• Kamstrup
• Itron Inc.
• Sensus
• Mueller Systems LLC.
• Aclara Technologies LLC.
• Ameresco
• TRILLIANT HOLDINGS INC.
• Arad Group
   

Major manufacturers operating across the market are reshaping the industry through the integration of company’s technology with the increasing energy needs. This shift is creating new business models and revenue streams within the industry.
 

North America AMI Water Meter Industry News

• In October 2022, Landis+Gyr and Arizona Public Service came into a renewed agreement aimed at expanding their advanced metering infrastructure (AMI) to facilitate a wide array of smart grid applications. This contract outlines the installation of 500,000 advanced meters over the upcoming seven years.
   
• In January 2021, Schneider Electric partnered with WMUA (Willingboro Municipal Utilities Authority) to sign the Energy Savings Improvement Program (ESIP). The ESIP is the first to be used in the state of New Jersey to significantly upgrade WMUA's water and sanitation facilities along with community operations through the inclusion of 13,000 advanced metering infrastructure water meters. In addition, improved factory processes pollution control systems (PCP), including a Combined Heat and Power (CHP) plant and improvements to the traditional infrastructure, will further improve the quality of life of residents and generate energy savings for the community.
   

This North America AMI water meter market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘000 Units’ & ‘USD Million’ from 2019 to 2032, for the following segments:

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Market, By Application

• Residential
• Commercial
• Utility

Market, By Product

• Hot Water Meter
• Cold Water Meter

The above information has been provided for the following countries:

• U.S.
• Canada