Market Overview - The smart water meters market is projected to grow from USD 4.61 billion in 2024 to USD 9.04 billion by 2030, at a CAGR of 11.9% [2][10] - The growth is driven by regulatory pressures, limited budgets in utilities, and the need to address Non-Revenue Water (NRW), which accounts for 30-35% of total available water annually [2][3] Technology and Components - The Advanced Metering Infrastructure (AMI) technology segment is expected to dominate the market from 2024 to 2030, enhancing utility operations through two-way communication and reducing dependency on manual labor [4] - IT solutions are the fastest-growing component, driven by IoT sensors and data management software, allowing for proactive management of water resources [5] Regional Insights - The Asia Pacific region is anticipated to experience the highest growth rate in the smart water meter market, with significant investments in infrastructure development from countries like China, Australia, Singapore, and India [6] Competitive Landscape - Key market participants include Badger Meter, Inc., Sensus (Xylem), Diehl Stiftung & Co. KG, Landis+Gyr, Itron, Inc., and ZENNER International GmbH & Co.KG, among others [7] - The report provides an in-depth competitive analysis, exploring company profiles, strategies, and recent developments [8] Research Coverage - The report examines the smart water meter market segmented by meter type, technology, component, application, and region, analyzing drivers, restraints, challenges, and opportunities shaping market growth [8][12]
Smart Water Meters Industry Research 2025-2030: Key Players Like Badger Meter and Sensus at the Forefront of Advancements