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North America AMI Water Meter Market Analysis

  • Report ID: GMI6654
  • Published Date: Sep 2023
  • Report Format: PDF

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.
 

North America AMI Water Meter Market Revenue Share, By Product, 2022

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.
 

U.S. AMI Water Meter Market, 2021 - 2032 (USD Million)

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.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size for AMI water meter in North America reached USD 383.5 million in 2023 and is poised to expand at a 29.4% CAGR through 2032, marked by digitalization and technology integration.

The residential AMI water meter segment is expected to grow at over 27.8% CAGR till 2032, primarily due to the implementation of directives and strategic plans aimed at replacing traditional meters.

The cold water meter segment in North America is projected to record 28.2% CAGR during 2023 to 2032, as they are increasingly integrated into advanced metering infrastructure systems, offering real-time data on water consumption.

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

North America AMI Water Meter Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 97
  • Countries covered: 2
  • Pages: 120
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