Market definition :

Smart water meters are advanced devices that measure water usage in real time. Smart meters deliver information directly to both consumers and water utilities. Unlike traditional meters, smart meters use digital smart technology that can participate in IoT platforms for remote metering purposes. This enables applications such as leak detection, automated billing, and usage analytics to optimize water management, reduce waste, and support conservation efforts.

Market Overview :

According to analysts at SDKI Analytics, the smart water meter market size is valued at approximately USD 3.9 billion in 2024, and this market is expected to grow at a CAGR of approximately 11.2% during the forecast period, reaching approximately USD 15.5 billion by 2037. Our analysts found that the development of smart water meters integrated with data analytics, IoT has the potential to more accurately monitor, manage and control water usage. With links to the Internet of Things enabling real-time communication, this data is being transmitted and processed, and analytical tools can interpret it to find patterns and anomalies, helping to optimize delivery. This leads to better decision-making and efficiency in resource usage for both water utilities and consumers.

However, in rural and developing areas, the infrastructure to support the use of smart water metering systems does not exist. These include lack of internet service, lack of IoT networks, and outdated systems for water distribution.

The link for the detailed market research report is available at: https://www.sdki.jp/reports/smart-water-meter-market/114687

Latest News

Our analysts have also observed the recent developments of key players in the growth of the Smart Water Meter market. These are:

• In June 2024, ADOC International Co., Ltd. announced that it will begin a demonstration experiment of water smart meters in Uwajima City.
• In March 2024, Chubu Electric Power Co., Inc. announced a demonstration experiment of remote water tap opening and closing using the communication technology of water smart meters.

Smart Water Meter Market Segments

According to our smart water meter market analysis, based on meter type, it is segmented into ultrasonic, electromagnetic, and smart mechanical. Smart mechanical is expected to grow robustly during the forecast period. The new generation of smart mechanical water meters are much more accurate and reliable than their predecessors, hence their demand and usage is on the rise. Combining digital technology with mechanical measurements offers benefits such as remote monitoring and data logging for water utilities that can track usage patterns, identify leaks, and optimize billing, while retaining the familiar mechanical components.

The link for the sample request is available here: https://www.sdki.jp/sample-request-114687

Regional Overview of Smart Water Meter Market

The market size and share analysis of smart water meters in Asia Pacific is expected to grow during the forecast period. In Asia Pacific, countries such as India, China, and Australia are ahead in the field of smart water meters, all of which can be integrated with IoT-based smart meters to improve data analytics for better decision-making and operational efficiency, supporting more sustainable water management practices in the region.

In Japan, smart water meters provide more accurate monitoring and management of water usage by combining IoT with advanced data analytics in smart water meters, which enables remote monitoring, automated billing process, and enhanced customer engagement, making them preferred by water utilities compared to traditional smart meters.

Key Players in the Smart Water Meter Market

The most prominent players in the Smart Water Meter market are:

• Kampstrup A/S
• Itron Inc.
• Landis+Gyr.
• Diehl Stiftung & Co. KG
• Honeywell International Inc

In addition to this, the top 5 players in the Japanese market are:

• TOSHIBA CORPORATION
• Mitsubishi Electric Corporation
• Hitachi, Ltd.
•  
• NEC Corporation

Company Profile:

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