Global Smart Water Metering Market Size is valued at USD 4.6 Bn in 2024 and is predicted to reach USD 13.1 Bn by the year 2034 at a 11.0% CAGR during the forecast period for 2025-2034.
Smart water metering is an improved electronic application that allows utilities to collect usage data automatically, improve efficiency, reduce human meter readings, and save money. Furthermore, the Smart water metering system uses wired and wireless communications technology, such as a Wi-Fi water meter, to link LAN or wide area networks, allowing for remote location monitoring and infrastructure repair through leak detection.
Furthermore, the smart water metering system can be utilized in the industrial, residential, and commercial sectors to bill water, energy consumption, and natural gas. Similarly, smart electronic water meters are outfitted with next-generation water mapping systems throughout a water utility's supply chain and provide dependable monitoring solutions.
However, the COVID-19 outbreak significantly impacted the growth rate of the Smart water metering industry in 2020. Furthermore, due to a lack of government rules or initiatives globally, the market is expected to grow at a very moderate pace till the end of 2021. Due to COVID-19 pandemic, Construction industry is facing various difficulties in the market, including the supply of raw materials, skilled labor and safety measures, deliverables, contractual requirements, and project delays or cancellations. As a result, the demand for smart water meters has fallen.
The Smart Water Metering Market is segmented on the basis of end-use application, component, meter type, and technology. End-use Application segment includes water utilities and industries. The component segment includes meters & accessories, IT solutions, and communications. By meter type, the market is segmented into electromagnetic meters, ultrasonic meters, and smart mechanical meters. The technology segment includes AMR and AMI.
The AMI category will hold a major share of the global Smart Water Metering Market in 2024. The advanced metering infrastructure segment currently has a smaller market share than auto meter reading, but due to the operational benefits of two-way communication and greater accuracy, the advanced metering infrastructure segment will lead the smart water meter market share in the forthcoming years. Auto meter reading meters provide only one-way communication from utilities to customers and are not chosen in current smart water metering rollouts.
The water utilities segment is projected to grow rapidly in the global Smart Water Metering Market. Water utilities require a full solution from a single vendor for system integration, making them less competitive than their counterparts in other business verticals. Increased public knowledge about the availability of resources and their sustainable use has resulted in increased government regulation of water utilities, holding them accountable for their customers' water usage and the overall infrastructure.
The North America Smart Water Metering Market is expected to register the highest market share in terms of revenue in the near future. This can be attributed to the strong focus on the environment in the region. The US Environmental Protection Agency (EPA) has declared plans to make all drinking water service lines in the United States "smarter" by replacing mechanical and electromechanical water meter systems with advanced AMI (Advanced Metering Infrastructure).
These devices are used in various industries in the United States and Canada, including water and wastewater management, sewage treatment, and flood detection and management. Some of the region's most common applications for smart water meters include leak detection and line monitoring to save energy. Utilities are concentrating on increasing software capabilities in order to increase revenue collection and optimize operations in response to rising demand from North America.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 4.6 Bn |
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Revenue forecast in 2034 |
USD 13.1 Bn |
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Growth rate CAGR |
CAGR of 11.0% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Bn, and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
End-use Application, Component, Meter Type, And Technology |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Badger Meter Inc., Sensus, Diehl Stiftung & Co. KG, Aclara Technologies, Itron Inc., Kamstrup A/S, Landis+GYR, Honeywell International, B Meters SRL, Arad Group, Zenner International GMBH & Co. KG., Neptune Technology Group, Iskraemeco Group, Sagemcom, Wasion Group. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Smart Water Metering Market Snapshot
Chapter 4. Global Smart Water Metering Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by End-use Application Estimates & Trend Analysis
5.1. by End-use Application & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-use Application:
5.2.1. Water Utilities
5.2.2. Industries
Chapter 6. Market Segmentation 2: by Component Estimates & Trend Analysis
6.1. by Component & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Component:
6.2.1. Meter & Accessories
6.2.2. IT Solutions
6.2.3. Communications
Chapter 7. Market Segmentation 3: by Meter Type Estimates & Trend Analysis
7.1. by Meter Type & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Meter Type:
7.2.1. Electromagnetic Meters
7.2.2. Ultrasonic Meters
7.2.3. Smart Mechanical Meters
Chapter 8. Market Segmentation 4: by Technology Estimates & Trend Analysis
8.1. by Technology & Market Share, 2024 & 2034
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Technology:
8.2.1. AMR
8.2.2. AMI
Chapter 9. Smart Water Metering Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by End-use Application, 2021-2034
9.1.2. North America Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
9.1.3. North America Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Meter Type, 2021-2034
9.1.4. North America Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
9.1.5. North America Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.2. Europe
9.2.1. Europe Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by End-use Application, 2021-2034
9.2.2. Europe Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
9.2.3. Europe Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Meter Type, 2021-2034
9.2.4. Europe Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
9.2.5. Europe Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.3. Asia Pacific
9.3.1. Asia Pacific Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by End-use Application, 2021-2034
9.3.2. Asia Pacific Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
9.3.3. Asia-Pacific Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Meter Type, 2021-2034
9.3.4. Asia-Pacific Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
9.3.5. Asia Pacific Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.4. Latin America
9.4.1. Latin America Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by End-use Application, 2021-2034
9.4.2. Latin America Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
9.4.3. Latin America Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Meter Type, 2021-2034
9.4.4. Latin America Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
9.4.5. Latin America Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.5. Middle East & Africa
9.5.1. Middle East & Africa Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by End-use Application, 2021-2034
9.5.2. Middle East & Africa Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
9.5.3. Middle East & Africa Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Meter Type, 2021-2034
9.5.4. Middle East & Africa Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
9.5.5. Middle East & Africa Smart Water Metering Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. Badger Meter Inc.
10.2.2. Sensus, Diehl Stiftung & Co. KG
10.2.3. Aclara Technologies
10.2.4. Itron Inc.
10.2.5. Kamstrup A/S
10.2.6. Landis+GYR
10.2.7. Honeywell International
10.2.8. B Meters SRL
10.2.9. Arad Group
10.2.10. Zenner International GMBH & Co. KG.
10.2.11. Neptune Technology Group
10.2.12. Iskraemeco Group
10.2.13. Sagemcom
10.2.14. Wasion Group
10.2.15. Other Prominent Players
Smart Water Metering Market By End-use Application-
Smart Water Metering Market By Component-
Smart Water Metering Market By Meter Type-
Smart Water Metering Market By Technology-
Smart Water Metering Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
