South & Central America Smart Water Metering Market Forecast to 2031 - Regional Analysis - by Type, Component, End User, and Meter Type

Description

List of Tables

The South & Central America smart water metering market was valued at US$ 214.61 million in 2023 and is expected to reach US$ 317.87 million by 2031; it is estimated to register a CAGR of 5.0% from 2023 to 2031.

Integration with IoT and Data Analytics Fuels South & Central America Smart Water Metering Market

The integration of smart water meters with the Internet of Things (IoT) and advanced data analytics platforms presents a significant opportunity for the growth of the smart water metering market. IoT-enabled smart meters collect real-time data on water usage, providing utilities with immediate insights into consumption patterns, system performance, and potential issues such as leaks or irregular usage. This seamless connectivity allows for remote monitoring, eliminating the need for manual meter readings and enabling more efficient management of water resources. Data analytics platforms enhance the value of this integration by processing the vast amounts of data generated by smart meters. These platforms can identify trends, forecast demand, detect anomalies, and optimize water distribution in real-time. For example, utilities can use predictive analytics to proactively address maintenance needs, reducing downtime and preventing costly repairs. Additionally, consumers can access personalized usage data through apps or online portals, empowering them to make informed decisions about water conservation and potentially lower their utility bills. This integration not only improves the operational efficiency of utilities but also promotes transparency and accountability. It offers a more sustainable approach to water management by reducing waste, enhancing resource allocation, and increasing customer satisfaction. As IoT and data analytics technologies continue to evolve, their role in optimizing smart water metering systems will become increasingly crucial in modern water management strategies.

South & Central America Smart Water Metering Market Overview

The recent technological developments have had a direct impact on the economy of Brazil. A recent study says that due to the changing economic condition in South America, government enterprises, businesses, and consumers in the region are keen to implement and incorporate the upcoming technologies. The cost-savings advantage and higher work efficiency achieved are cited as the major attractive points in the region. Large infrastructural developments in South America have resulted in the growth of commercial complexes, shopping malls, hospitals, educational institutions, universities, and government offices. Universal supply of water is one of the most daunting challenges faced by the cities in South America, especially rural cities. Water basins, infrastructure, supply networks, and hydrology are among the critical aspects of proper water supply management. Almost 60% of the water is lost every year due to various reasons in the region. Less than half of the South American cities have proper water infrastructure to meet the demand for water in urban areas. The nonrevenue water in the region amounts to 40% of the total water supplied, which is another major issue faced by the water utilities. The growth in demand for water exposes the weakness of countries in the region in managing their water resources. In some countries, the immediate need to increase the water supply leaves no other option for political and industrial leaders but to invest in seawater desalination treatment plants.

The recent internet revolution in South America has accelerated growth in internet technologies. Several initiatives are being taken in South American countries for the rollout of smart water meter systems. Major public-private partnerships are being established by water utilities and municipal corporations operating in the region. Smart water meter is expected to be the enabling connectivity architecture between the consumers and water utility bodies. Telefonica, Huawei, and Kamstrup have successfully deployed smart water pilot project in Chile. It is the first instance in South America to combine real user data with NB-IoT. The project involves a telemetry solution for remote monitoring and management of domestic water meters. Itron, Zenner, Landis+Gyr, Kamstrup, and Sensus are among the leading players in the smart water metering market in South America. The players are contributing to market growth across the region.

South & Central America Smart Water Metering Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Smart Water Metering Market Segmentation

The South & Central America smart water metering market is categorized into type, component, end user, meter type, and country.

Based on type, the South & Central America smart water metering market is bifurcated into AMI and AMR. The AMR segment held a larger market share in 2023.

In terms of component, the South & Central America smart water metering market is categorized into controlling unit, display storage & integrated software, and others. The display storage & integrated software segment held the largest market share in 2023.

By end user, the South & Central America smart water metering market is bifurcated into residential and industrial. The residential segment held a larger market share in 2023.

Based on meter type, the South & Central America smart water metering market is categorized into ultrasonic meters, electromagnetic meters, and electromechanical meter. The ultrasonic meters segment held the largest market share in 2023.

By country, the South & Central America smart water metering market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America smart water metering market share in 2023.

Kamstrup AS, Mueller Water Products Inc, Badger Meter Inc, Itron Inc, Arad Ltd, Sensus USA Inc, WAVIoT Integrated Systems LLC, and Diehl Stiftung & Co KG., are among the leading companies operating in the South & Central America smart water metering market.

Product Code: BMIRE00028267

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. South & Central America Smart Water Metering Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain

5. South & Central America Smart Water Metering Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Water Scarcity and Misuse of Water
- 5.1.2 Nonrevenue Water Monitoring and Control
- 5.1.3 Increasing Number of Smart Water Meter Projects across Different Region
5.2 Market Restraints
- 5.2.1 High Initial Investment and Lack of Knowledge
- 5.2.2 Vulnerable to Cyber Attacks
5.3 Market Opportunities
- 5.3.1 Integration with IoT and Data Analytics
5.4 Future Trends
- 5.4.1 Increase in Demand for Smart Water Meters with Rise in Smart City Initiatives
5.5 Impact of Drivers and Restraints:

6. Smart Water Metering Market - South & Central America Analysis

6.1 Smart Water Metering Market Revenue (US$ Million), 2021-2031
6.2 Smart Water Metering Market Forecast Analysis

7. South & Central America Smart Water Metering Market Analysis - by Type

7.1 AMI
- 7.1.1 Overview
- 7.1.2 AMI: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
7.2 AMR
- 7.2.1 Overview
- 7.2.2 AMR: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Smart Water Metering Market Analysis - by Component

8.1 Controlling Unit
- 8.1.1 Overview
- 8.1.2 Controlling Unit: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Display Storage & Integrated Software
- 8.2.1 Overview
- 8.2.2 Display Storage & Integrated Software: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Others
- 8.3.1 Overview
- 8.3.2 Others: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)

9. South & Central America Smart Water Metering Market Analysis - by End User

9.1 Residential
- 9.1.1 Overview
- 9.1.2 Residential: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Industrial
- 9.2.1 Overview
- 9.2.2 Industrial: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)

10. South & Central America Smart Water Metering Market Analysis - by Meter Type

10.1 Ultrasonic Meters
- 10.1.1 Overview
- 10.1.2 Ultrasonic Meters: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
10.2 Electromagnetic Meters
- 10.2.1 Overview
- 10.2.2 Electromagnetic Meters: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
10.3 Electromechanical Meter
- 10.3.1 Overview
- 10.3.2 Electromechanical Meter: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)

11. South & Central America Smart Water Metering Market - Country Analysis

11.1 South & Central America Smart Water Metering Market Overview
- 11.1.1 South & Central America: Smart Water Metering Market Breakdown, by Key Country, 2023 and 2031 (%)
  - 11.1.1.1 South & Central America: Smart Water Metering Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.2 Brazil: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.1.2.1 Brazil: Smart Water Metering Market Breakdown, by Type
    - 11.1.1.2.2 Brazil: Smart Water Metering Market Breakdown, by Component
    - 11.1.1.2.3 Brazil: Smart Water Metering Market Breakdown, by End User
    - 11.1.1.2.4 Brazil: Smart Water Metering Market Breakdown, by Meter Type
  - 11.1.1.3 Argentina: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.1.3.1 Argentina: Smart Water Metering Market Breakdown, by Type
    - 11.1.1.3.2 Argentina: Smart Water Metering Market Breakdown, by Component
    - 11.1.1.3.3 Argentina: Smart Water Metering Market Breakdown, by End User
    - 11.1.1.3.4 Argentina: Smart Water Metering Market Breakdown, by Meter Type
  - 11.1.1.4 Rest of South & Central America: Smart Water Metering Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.1.4.1 Rest of South & Central America: Smart Water Metering Market Breakdown, by Type
    - 11.1.1.4.2 Rest of South & Central America: Smart Water Metering Market Breakdown, by Component
    - 11.1.1.4.3 Rest of South & Central America: Smart Water Metering Market Breakdown, by End User
    - 11.1.1.4.4 Rest of South & Central America: Smart Water Metering Market Breakdown, by Meter Type

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Mergers & Acquisitions

14. Company Profiles

14.1 Kamstrup AS
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Mueller Water Products Inc
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Badger Meter Inc
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Itron Inc
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Arad Ltd
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Sensus USA Inc
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 WAVIoT Integrated Systems LLC
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Diehl Stiftung & Co KG
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments

15. Appendix

15.1 About The Insight Partners
15.2 Word Index