Residential Water Submetering Market was valued at USD 5.3 Billion in 2022 and is projected to reach USD 9.2 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The Residential Water Submetering Market has seen significant growth from 2018 to 2022, driven by increasing demand for efficient water usage monitoring in residential buildings. The market during this period was characterized by technological advancements and the rising adoption of smart water meters. The demand for submetering systems was primarily fueled by a growing awareness of water conservation and the need to accurately allocate water costs to individual households in multi-tenant buildings. This shift was also influenced by the rising cost of water and a push from regulatory bodies encouraging transparent billing practices in urban areas.
In particular, the 2018-2022 period saw innovations in water submetering technology, such as the integration of wireless connectivity and advanced data analytics. These innovations allowed property owners and utilities to track consumption patterns, detect leaks, and manage water usage more effectively. The adoption of these technologies has been further facilitated by the increasing preference for IoT-enabled devices within residential environments. As a result, the market experienced robust demand, especially in regions with high-density populations such as North America and Europe.
The market outlook from 2023 to 2033 indicates continued expansion in the Residential Water Submetering Market. While the period from 2018 to 2022 was marked by early adoption and experimentation with submetering systems, the coming years are expected to witness a broader, more widespread implementation across various regions. The need for efficient water management systems is expected to grow, driven by climate change concerns, urbanization, and stricter water regulations in place globally.
Advancements in smart technology are projected to further increase market demand, as more property developers and utilities recognize the benefits of real-time data collection and analytics. Furthermore, the global shift towards sustainability and green building practices will drive the adoption of submetering solutions, making it an essential component of modern residential infrastructure. As a result, the Residential Water Submetering Market is poised for steady growth, with a strong demand anticipated through the next decade.
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Itron
Sensus Metering (Xylem)
Elster (Honeywell)
Kamstrup Water Metering
Ara Group
Ningbo Water Meter
Badger Meter
Siemens
Landis+Gyr
Shanchuan Group
Diehl Stiftung
Zenner International
Ista
Mueller Water Products
SUNTRONT Technology
Neptune Technology Group (Roper Industries)
Donghai Group
LianLi Water Meter
Engelman
Shenzhen Huaxu
METTER
Chongqing Intelligence Water Affairs
Lianyungang Water Meter
Qundis
Hunan Changde Water Meter
Weihai Ploumeter
China Minsen Meter
B METERS s.r.l.
Sontex
Beijing Huiyi
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Residential Water Submetering Market
Application I
Application II
Application III
Application IV
Based on Types the Market is categorized into Below types that held the largest Residential Water Submetering market share In 2023.
Mechanical Water Meters
Smart Water Meters
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Residential Water Submetering Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Residential Water Submetering Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Residential Water Submetering Market, By Type
6. Global Residential Water Submetering Market, By Application
7. Global Residential Water Submetering Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Residential Water Submetering Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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