Europe Smart Water Meter Market Share is anticipated to witness growth on account of rising demand for efficient resource utilization along with growing measures to minimize non-revenue water across the region. Ongoing technological advancements to integrate advanced metering infrastructure coupled with IoT enabled platform will propel the business scenario. In addition, favorable government norms, mandates and incentives toward adoption of intelligent smart water meters will boost the industry outlook.

Increasing investments toward smart city infrastructure along with stringent government norms and mandates to minimize the residential, commercial and utility water losses will drive the industry outlook. In addition, high degree of inflow management and sensing accuracy enhances the adoption of AMI smart water meters. Integrated billing technology, secured web-based payments and inline consumer apps & command control systems has further infused a favorable business scenario

Residential smart water meter market is anticipated to grow on account of increasing consumer awareness toward smart energy management facilities. Growing adoption of advanced communicating modules along with rising demand for end-to-end web enabled monitoring devices will accelerate the industry outlook. Moreover, availability of these meters in different meter sizes followed by low power consumption and long-range coverage will further drive the product demand.

Cold smart water meter market is estimated to surge on account of increasing consumer spending towards the adoption of smart and efficient energy saving solutions across the commercial and residential establishment. Growing water consumption along with rising focus toward advancement of water distribution network will further complement the industry scenario. Increasing focus toward sustainable water infrastructure coupled with declining deployment cost of cloud-based technology will positively influence the product demand.

UK smart water meter market will witness growth owing to replacement of analog meters with advance metering systems. For instance, in 2017, Thames Water launched smart metering program to replace and install 1,000,000 AMI meters by the end of 2020. Ongoing government initiatives to reduce non-revenue water and meter tampering activities will positively influence the product deployment. Furthermore, ongoing research and development activities by leading regional players to improve the user-interface abilities including consumer apps, leakages alerts and hour-wise consumption readings will positively influence the product adoption.

Inorganic strategic implications which includes mergers and joint ventures among the leading manufacturers to provide advanced monitoring devices have enhanced the product outlook. Key players operational across the industry includes Kampstrup, Diehl Metering, Neptune Technology Group, Landis+Gyr, Itron, Sensus, Zennner International, Badger Meter, Aclara Technologies, B METERS, Suntront Technology, ARAD, Ningbo Water Meter and others.