The United States smart water meter market is set to record a CAGR of 7.83% during the forecast period, 2022-2028, and is expected to garner a revenue of $3075.79 million by 2028.

The United States smart water meter market demands are attributed to the renewed focus on the reduction of non-revenue water (NRW) by the utilities. Also, the advantages offered by smart meters like leak detection and smart billing have increased the installation of smart water meters.

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Further, smart meter data management encompasses compliance, risk, and governance in the United States. Also, smart meters are used by several major vendors for varied purposes, including organizations for managing their revenues by enhancing the meter quality and billing quality, improving energy efficiency, and offering accurate bills to the end-users. In addition, the increased demands are attributed to advantages like enhanced energy efficiency, estimate meter readings, and energy theft detection.

Moreover, the rising demand for smart meters is accredited to the growing need for efficient energy sources use and energy consumption monitoring. Besides, favorable regulations, rules, and initiatives undertaken by government authorities offer growth opportunities. The other factors evaluated to influence market growth include the rising volume of data and the huge demand for the integration of advanced technologies like predictive analysis and AI in smart meter data management.

The United States smart water meter market growth segmentation includes type and end-user. The end-user category entails commercial & industrial and residential.

Smart water meters are used in manufacturing facilities/plants and warehouses. The industrial sector consumes a high volume of water used for varied purposes like product transportation, fabricating, cooling, processing, diluting, and washing. At the same time, the sector is making efforts to minimize water consumption for profit margins. Accordingly, several smart factories are incorporating smart water meters to minimize water consumption and improve efficiency. Therefore, investments by smart factories are set to boost the use of smart water meters. For instance, Toshiba Digital Solutions and Tech Mahindra formed a strategic partnership in November 2017 to invest in smart factories, which is further set to leverage IoT technologies like smart water meters.

With regard to commercial infrastructure, smart water meters are used in restaurants, retailers, schools, offices, and hospitals. Water acts as an indispensable part of daily needs in hospitals. Smart water meters are used for detecting leaks and tracking daily water consumption. Accordingly, the steady investments associated with technology and greater efficiency are set to positively impact market growth. Additionally, with regard to the healthcare industry, companies are likely to invest in smart water meters to cut costs.

Some of the eminent market players in the United States smart water meter market include Itron Inc, Master Meter Inc (Acquired by Arad Ltd), Neptune Technology Group Inc, Sensus USA Inc (Acquired by Xylem), Mueller Water Products Inc, etc.

Sensus USA Inc is a clean technology solutions company that manufactures and designs smart meters, software, and communication systems. Also, it offers advanced data analytics solutions and network technologies. The company serves a vast range of public service providers, including utilities and industrial complexes. It has headquarters in Raleigh, North Carolina, the US.

One of its key products, iPERL™ (International) Water Meters, are high-performance, next-generation, solid-state smart water meters with bi-directional communications capability. These use a unique technology that offers unmatched accuracy throughout their operational life.

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