Europe AMI Smart Water Meter Market Size

The Europe AMI smart water meter market was valued at USD 588.1 million in 2023 and is expected to grow at a compound annual growth rate 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, including the rising need for efficient water usage and regulatory mandates that encourage smart water management through the adoption of IoT technologies. Utilities are aiming for better water conservation and higher billing accuracy.

The market is also characterized by the growing demand for real-time monitoring and data analysis. The integration of AMI systems with other smart grid Technologies are expected to further drive the market and also offer a comprehensive solution for water management. In addition, the shift towards digitalization and the implementation of smart city projects in various European cities are expected to accelerate the introduction of Intelligent water meters from AMI. The market covers a wide range of smart metering technologies and services, including electricity and water. With technological advancements, the development of Advanced Metering Infrastructure (AMI) is further driving the market growth, enabling better data analytics and predictive maintenance.

Europe: AMI Smart Water Meter Market Trends

European governments are implementing increasingly strict water protection regulations and sustainability targets and are pushing utilities to implement AMI smart water metersThe European Union Water Framework Directive and various national directives stress the importance of reducing water waste and improving water management. This regulatory pressure is accelerating the deployment of smart water meters that provide real-time data on water consumption, helping utilities and consumers reduce waste and promote sustainable water use.

IoT-enabled smart water meters provide real-time monitoring and remote management, enabling utilities to detect leaks, monitor water quality, and manage water distribution more efficiently. In addition, by incorporating advanced data analytics, utilities can predict consumption patterns, optimize water distribution, and improve decision-making processes. The transition to wireless communication technologies such as LPWAN (Low Power Wide Area Network), NB-IoT (Narrowband IoT), and LoRaWAN (Long Range Wide Area Network) is a significant trend in the market. These technologies provide reliable and cost-effective communication solutions and enable seamless data transmission from smart meters to utilities. This improves the overall efficiency of water management systems and reduces operating costs.

Europe AMI Smart Water Meter Market Analysis

Based on the product, the cold water meter segment is expected to cross the $5.6 billion mark by 2032 as they help manage energy consumption in residential heating systems. The trend in hot water meters is toward more robust designs that can withstand higher temperatures and pressures while maintaining accuracy and durability. Innovations include improved thermal insulation and advanced sensor technologies to improve performance and reliability in difficult conditions.

Based on application, the residential segment is expected to grow at a CAGR of 32% from 2024 to 2032. The increasing usage is due to the ability to provide accurate and real-time water usage data that helps in managing consumption and detecting leaks. These meters offer benefits such as remote reading and detailed consumption analytics that contribute to their increasing usage in urban and suburban areas.

Germany The AMI smart water meter market revenue will exceed $1.3 billion by 2032 as utilities continue to leverage digital solutions to address water management challenges and meet regulatory requirements, reflecting broader trends in the smart water meter space. The market is characterized by a strong focus on integrating advanced technologies to improve water metering accuracy, data collection and management.

Market share of AMI Smart Water Meter in Europe

Companies such as Apator SA, Arad Group, Badger Meter, Inc., BMETERS Srl and Diehl Stiftung & Co. KG have significant market shares due to their extensive experience and technological advances in this field. Their products often feature advanced communication technologies with robust data management systems and integration capabilities with broader smart grid systems. Their strong market presence is also supported by their ability to adapt to regulatory changes and the increasing demand for sustainable and smart water management solutions.

Europe AMI Smart Water Meter Market Companies

• Apator SA
• Arad Group
• Badger Meters, Inc.
• BMETERS Srl
• Diehl Foundation & Co. KG
• Honeywell International Inc.
• Itron Inc.
• Kamstrup
• Landis+Gyr
• Ningbo Water Meter Co., Ltd.
• Senses
• Siemens
• Sontex SA
• ZENNER International GmbH & Co. KG
  

Europe AMI Smart Water Meter Industry News

• In October 2023, SUEZ and Vodafone announced a partnership in the UK to advance connectivity solutions for the next generation of smart water meters. The aim of this collaboration is to leverage Vodafone’s network capabilities and SUEZ’s expertise in water management to improve the functionality and efficiency of smart metering systems. The integration will enable improved data transmission and real-time monitoring of water consumption, contributing to more effective water resource management and increased operational efficiency.
  
• In November 2023, Spain is leading the implementation of 3GPP-based Low Power Wide Area communications for Advanced Metering Infrastructure (AMI) in the water sector, where a number of major utilities have started large-scale deployment of narrowband IoT. There is also strong interest in 3GPP-based LPWA technologies in the UK, Italy and the Baltic countries.
  

This European AMI Smart Water Meter market research report provides detailed coverage of the industry with estimates and forecasts in “millions USD” and “000 units” from 2024 to 2032for the following segments:

Click here Buy section of this report

marketBy Product

• Hot water meter
• Cold water meter

Market, by application

• Reside
• Commercially
• Utility

The above information was provided nationally for the following countries:

• Europe
  

  • Germany
  • United Kingdom
  • Russia
  • Italy
  • Sweden
  • Rest of Europe