Growth Opportunities in Smart Water Metering Solutions in the United States, Forecast to 2030

Water Conservation Policies and Utilities Need for Improved Revenue Collection Efficiencies Drive Growth

The pace of digital transformation by US water utilities has significantly increased in the last 5 years in response to water stress caused by unprecedented droughts and heat waves across the country. Water utilities of all sizes are responding to state-level regulations and policies to improve water conservation and reduce water loss as the urbanization trend has led to an increase in water demand and water availability has become a cause for concern. Public utilities also face aging infrastructure and an aging workforce, both of which have strained resources and forced the need to improve their economic and environmental sustainability. As such, utilities are adopting smart water metering solutions as a frontline tool to improve economic and environmental sustainability. Automated metering infrastructure (AMI)-based smart water metering solutions are witnessing strong adoption as the cost of low-power wide area network (LPWAN) connectivity has decreased in the last 5 years and is likely to drop further as many more IoT devices transmit data via LPWAN connectivity solutions.

Innovative business models, such as Network as a Service (NaaS) and Software as a Service (SaaS) approaches, are gaining acceptance as they significantly reduce water utilities’ smart metering CAPEX. The key market segments presented in this report include smart water meters; network solutions; meter data management (MDM) and customer information system (CIS) billing; customer engagement portal (CEP) and data analytics; and project management. The study period is 2022 to 2030 using a base year of 2023.