According to the research report titled ‘Europe Smart Water Meter Market Size, By Application (Residential, Commercial, Utility), By Technology (AMI, AMR), By Product (Hot Water Meter, Cold Water Meter), Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2017 – 2027’, available with MarketStudyReport, Europe smart water meter market is anticipated to garner profitable returns by the end of 2027.
 

Rising adoption of sustainable water management solutions globally, in consort with surging integration of IoT-enabled devices in order to manage water consumption, distribution, and data are the major catalysts for Europe smart water meter market.
 

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For the record, smart water meters have gateways as well as sensors that monitor water flow and collect data to reveal any water leaks or supply constraints, ensuring a continuous water supply mechanism.
 

Favorable government actions to improve public service infrastructure and to ensure efficient resource usage have aided business growth in the recent past. Further, major industry players are undertaking strategic initiatives to capitalize on developing trends, which has had a favorable impact on the entire business environment.  
 

On the basis of product, Europe smart water meter industry is divided into cold water meter, and hot water meter. In terms of technology, the market is split into AMR, and AMI. Based on application spectrum, the industry is classified into commercial, residential, and utility.
 

Considering the regional landscape, Sweden market was worth more than USD 18 million in 2020, and it is predicted to grow steadily during the forecast period. Danish smart water meter market is expected to be worth more than USD 100 million by the end of 2027.
 

Whereas, Finland market was valued at roughly USD 7 million in 2020, and Russia is expected to generate more than USD 260 million by 2027.
 

The Italy market is expected to grow significantly with a CAGR of 30% over the forecast period. Meanwhile, the Norway market was valued at over USD 4.5 million in 2020 and is expected to increase rapidly between 2021 and 2027.
 

The key players in Europe smart water meter market are Ningbo Water Meter (Group) Co., Ltd., Zenner International GmbH & Co., KG, Sontex S.A., Arad Group, Siemens AG, Sensus (a Xylem brand), Itron, Kamstrup, Landis+Gyr Ltd., Badger Meter, Inc., Apator S.A., and Diehl Stiftung & Co., KG.