The Germany smart water management market is estimated to grow at a CAGR of 12.5% during the forecast period. Germany is projected to have considerable growth in the smart water management market due to increasing adoption of the advanced management systems for water management, government initiatives for the adoption of smart solutions. In addition, the country also launched a program to fund small grid pilot projects. As per Third Energy Package, introduced by Europe in 2009, the directive of package requires European member states to equip 80% of its consumers with smart metering systems by 2020.
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The key objective of the new law is to facilitate the implementation of smart meter and smart meter gateway devices. For this, Germany implements the EU Directives 2009/72/EG and 2009/73/EG into German Law. The Act specifies detailed requirements for the design of the smart meter devices and for the transmission of data through it. The goal of the act was to convert the energy market to digitalization, thereby ensuring a high demand for smart water management in the country. In Germany, water supply and wastewater disposal are fundamental responsibilities of public services in the general interest within the competence of the municipalities or other public corporations. Their constitutionally legitimized bodies take strategic decisions regarding the forms of organization, participations, and cooperation.
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Market Segmentation
Germany Smart Water Management Market by Product
- Hardware
- Automated Meter Reading
- Advanced Meter Infrastructure
- Other Hardware
- Software And Services
Germany Smart Water Management Market by Application
- Residential
- Commercial
- Industrial
Company Profiles
- ABB, Ltd.
- Badger Meter, Inc.
- Diehl Stiftung& Co. KG
- Emerson Electric Co.
- HONEYWELL INTERNATIONAL, INC.
- I2O WATER, LTD.
- Pentair PLC
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