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.
| Report Attribute | Specifications |
| Market size value in 2024 | USD 4.6 Bn |
| Revenue forecast in 2034 | USD 13.1 Bn |
| Growth rate CAGR | CAGR of 11.0% from 2025 to 2034 |
| Quantitative units | Representation of revenue in US$ Bn, and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025-2034 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
| Segments covered | End-use Application, Component, Meter Type, And Technology |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| 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 |
| 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. |
| Customization scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and available payment methods | Explore pricing alternatives that are customized to your particular study requirements. |
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-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.