The North America smart water meter market growth is expected to progress at a CAGR of 7.90% during the forecast period, 2022-2030, and is estimated to garner a revenue of $4170.88 million by 2030.

NORTH AMERICA SMART WATER METER MARKET FORECAST 2022-2030

North America Smart Water Meter Market by Type (Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI)) Market by End-user (Residential, Commercial & Industrial) by Geography

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The North America smart water meter market growth is expected to progress at a CAGR of 7.90% during the forecast period, 2022-2030, and is estimated to garner a revenue of $4170.88 million by 2030.

The utilities based in North America are receptive to smart meter technology and are taking on advanced data solutions. Also, smart water metering’s ability to help overcome technological, organizational, financial, and environmental challenges water utilities face enables immense growth opportunities in the region.

North America Smart Water Meter Market

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In addition, the North America smart water meter market growth is driven by the need for compliance with government norms, fast-paced development of water infrastructure, and evolving smart cities. Moreover, water regulatory authorities and water utilities are actively pushing for the adoption of smart technology solutions for streamlining their operations.

The North America smart water meter market growth assessment includes the analysis of Canada and the United States. The rising environmental concerns, the growing environmental policies by the government authorities, and technological advancements have led to increased demand for water quality monitoring equipment by wastewater treatment industries to sustain the demands for clean water. Additionally, smart meters provide data that enable alert choices regarding utilization. This leads to users becoming efficient energy utilizers, and real-time spending and consumption. Besides, communication networks like 5G and radio frequency boost market demand.

Moreover, the utility providers are making rapid innovations to be at par with the smart meter technology, with rising efforts toward smart gas and smart water meters. Accordingly, smart homes, smart appliances’ adoption, and shared mobility are beneficial to market growth. Besides, the government initiatives are set to propel the AMI technology smart meters’ growth. Also, several leading utility providers in North America are making efforts to replace AMR with new version AMI meters. Such factors enable growth opportunities.

The segmentation analysis of the North America smart water meter market includes type and end-user. The end-user segment includes commercial & industrial and residential.

Most housing complexes do not track the usage or consumption of water in apartments. The rising number of residential buildings and the subsequently increased water consumption are projected to positively impact the integration of smart water meters. For instance, California implemented a limit on water utilization, compelling residential users to install smart water meters to track further consumption. Also, Sudbury, a Canadian city, announced revamping the water meters in the residential sector in April 2018 to provide real-time data. Accordingly, the incorporation of smart meters in the residential sector is estimated to mitigate or save water consumption by around 35%. This will increase efficiency along with saving up on water bills.

Furthermore, the countries vulnerable to droughts offer lucrative growth opportunities for the smart water meter market since smart water meters are evaluated to aid in regulating water consumption and manage the water flow to residential areas efficiently. The growth restraints include technical issues. For instance, most smart meters installed in San Diego’s residential areas reported a glitch in August 2018. Such instances can discourage potential consumers.

Some of the key firms operating in the North America smart water meter market are Master Meter Inc (Acquired by Arad Ltd), Neptune Technology Group Inc, Mueller Water Products Inc, Aclara Technologies Llc (Acquired by Hubbell Incorporated), etc.

Aclara Technologies LLC (Aclara) commercializes, designs, and develops advanced metering infrastructure (AMI) solutions for data value management, device networking, and customer communication activities. Also, the company offers an array of custom solutions that incorporate automated meter reading systems and fixed-network advanced metering infrastructure controlled by meter data management software. It has headquarters in Hazelwood, Missouri, the US.

One of its key products, STAR Series 3300, delivers a time-synchronized network and two-way communication to provide a high-definition water consumption view across its distribution system.

Report Synopsis

Report ScopeDetails
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedType, End-User
Countries AnalyzedThe United States, Canada
Companies Analyzed

Aclara Technologies LLC (Acquired by Hubbell Incorporated), Arad Group, Badger Meter Inc, Datamatic Inc, Diehl Stiftung & Co Kg, Elster Group GmbH (Acquired by Honeywell International), ICSA (India) Limited, Itron Inc, Kamstrup AS, Landis+Gyr AG (Acquired by Toshiba Corporation), Master Meter Inc (Acquired by Arad Ltd), Mueller Water Products Inc, Neptune Technology Group Inc, Sensus USA Inc (Acquired by Xylem), Zenner International GmbH & Co Kg

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • PARENT MARKET ANALYSIS: SMART METERS MARKET
      • KEY DRIVERS
        • NEED FOR SUSTAINABLE MANAGEMENT AND APPROPRIATE AVAILABILITY OF EXISTING WATER
        • SUPERIORITY OF SMART WATER METERS OVER TRADITIONAL WATER METERS
        • RISING SMART CITY PROJECTS
      • KEY RESTRAINTS
        • HIGH INSTALLATION COSTS
        • LACK OF AVAILABILITY OF CAPITAL FUNDING
        • VULNERABILITIES OF SMART WATER METERS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON SMART WATER METER MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
    2. MARKET BY TYPE
      • AUTOMATIC METER READING (AMR)
      • ADVANCED METERING INFRASTRUCTURE (AMI)
    3. MARKET BY END-USER
      • RESIDENTIAL
      • COMMERCIAL & INDUSTRIAL
    4. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ACLARA TECHNOLOGIES LLC (ACQUIRED BY HUBBELL INCORPORATED)
        • ARAD GROUP
        • BADGER METER INC
        • DATAMATIC INC
        • DIEHL STIFTUNG & CO KG
        • ELSTER GROUP GMBH (ACQUIRED BY HONEYWELL INTERNATIONAL)
        • ICSA (INDIA) LIMITED
        • ITRON INC
        • KAMSTRUP AS
        • LANDIS+GYR AG (ACQUIRED BY TOSHIBA CORPORATION)
        • MASTER METER INC (ACQUIRED BY ARAD LTD)
        • MUELLER WATER PRODUCTS INC
        • NEPTUNE TECHNOLOGY GROUP INC
        • SENSUS USA INC (ACQUIRED BY XYLEM)
        • ZENNER INTERNATIONAL GMBH & CO KG

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – SMART WATER METER

    TABLE 2: NORTH AMERICA SMART WATER METER MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: NORTH AMERICA SMART WATER METER MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 4: NORTH AMERICA SMART WATER METER MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: NORTH AMERICA SMART WATER METER MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: NORTH AMERICA SMART WATER METER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: NORTH AMERICA SMART WATER METER MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: KEY PLAYERS OPERATING IN NORTH AMERICA SMART WATER METER MARKET

    TABLE 9: LIST OF MERGERS & ACQUISITIONS

    TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 12: LIST OF BUSINESS EXPANSIONS & DIVESTITURES          

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: NORTH AMERICA SMART WATER METER MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 7: NORTH AMERICA SMART WATER METER MARKET, BY AUTOMATIC METER READING (AMR), 2022-2030 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA SMART WATER METER MARKET, BY ADVANCED METERING INFRASTRUCTURE (AMI), 2022-2030 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA SMART WATER METER MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 10: NORTH AMERICA SMART WATER METER MARKET, BY RESIDENTIAL, 2022-2030 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA SMART WATER METER MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2030 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA SMART WATER METER MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 13: UNITED STATES SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 14: CANADA SMART WATER METER MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY TYPE
      • AUTOMATIC METER READING (AMR)
      • ADVANCED METERING INFRASTRUCTURE (AMI)
    2. MARKET BY END-USER
      • RESIDENTIAL
      • COMMERCIAL & INDUSTRIAL

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