Growth Opportunities in the Smart Water Metering Solutions Industry, Europe, Forecast to 2030
Growth Opportunities in the Smart Water Metering Solutions Industry, Europe, Forecast to 2030
Unprecedented Water Stress and Policies Favoring Water Conservation are Driving Demand for AMI-based Smart Water Metering Solutions in Europe
07-Aug-2024
Europe
Market Research
Description
In the last 5 years, Europe has faced unprecedented weather disruptions caused by factors attributed to climate change. Drought and heat waves have caused water stress across Europe and led most European countries to adopt and implement water conservation policies. Policies that focus on water infrastructure's digital transformation, the reduction of per capita water consumption, and the reduction of NRW losses are embedded into respective countries' larger net-zero or circular economy goals. Smart water metering has been the first point of investment to enable water conservation and improve water sustainability through conservation. The demand for smart water metering will grow significantly due to favorable policies in most parts of Europe. Some countries, including Spain, Italy, and the United Kingdom, will witness exponential growth in the next 2-5 years, primarily due to dedicated funding for smart water metering systems. Other countries, such as Germany, France, Benelux, Greece, and Poland, are also witnessing a good adoption rate, fueled by the need for water conservation, smart city investments, and sustainability-related improvements. LPWAN solutions, such as NB-IoT and LoRa, will witness significant adoption due to cost-effectiveness and Network-as-a-Service (NaaS)-based offerings, which utilities find profitable. The smart water metering solutions industry in Europe is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030 and reach a revenue of $2.26 billion in 2030. The key industry segments this study presents are smart water meters, network solutions, meter data management (MDM) and customer information system (CIS) billing solutions, customer engagement portal (CEP) and data analytics solutions, and design and engineering and project management services.
Author: Paul Hudson
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Smart Water Metering Solutions Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Segmentation
Competitive Environment
Distribution Channels
6Ps: Shaping the European Smart Water Metering Solutions Industry’s Growth Opportunities
Europe’s NRW Losses
Key Open/Public LPWAN Solution Providers and Coverage in Europe
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Considerations
Revenue and Unit Shipment Forecast
Revenue Forecast by Segment
Revenue Forecast by Country
Revenue Forecast Discussion
Spain
Italy
Poland
Germany
France
UK
RoE
Companies to Action
Companies to Action (continued)
Companies to Action (continued)
Growth Opportunity 1: Dual AMR and AMI Connectivity
Growth Opportunity 1: Dual AMR and AMI Connectivity (continued)
Growth Opportunity 2: Carrier-grade LPWAN Solutions for Smart Water Metering
Growth Opportunity 2: Carrier-grade LPWAN Solutions for Smart Water Metering (continued)
Growth Opportunity 3: Value Addition through Customer Engagement Portals (CEPs)
Growth Opportunity 3: Value Addition through Customer Engagement Portals (CEPs) (continued)
Growth Opportunity 4: Meter Data Analytics to Support Holistic NRW Reduction and Water Network Optimization
Growth Opportunity 4: Meter Data Analytics to Support Holistic NRW Reduction and Water Network Optimization (continued)
List of Exhibits
List of Exhibits (continued)
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Deliverable Type | Market Research |
---|---|
Author | Paul Hudson |
Industries | Environment |
No Index | No |
Is Prebook | No |
Keyword 1 | Smart Water Metering |
Keyword 2 | Europe Smart Water Meter Market |
Keyword 3 | Smart Water Meter Market |
Podcast | No |
WIP Number | PFOR-01-00-00-00 |