Smart Water Meter Market By Type (Ultrasonic Water Meters, Electromagnetic Water Meters, Mechanical Water Meters, Hybrid Smart Water Meters), By Meter Size (≤ DN50, DN50–DN150, ≥ DN150), By Functionality (Automatic Meter Reading {AMR}, Advanced Metering Infrastructure {AMI}), By Component (Meters, Communication Modules, Data Management Systems), and By End User (Utilities, Industrial Facilities, Commercial Complexes, Smart Cities, Agriculture & Irrigation), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles And Market Forecast, 2025 – 2035

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What trends will shape Smart Water Meter Market in the coming years?

The Smart Water Meter Market accounted for USD 8.68 Billion in 2024 and USD 9.71 Billion in 2025 is expected to reach USD 29.75 Billion by 2035, growing at a CAGR of around 11.85% between 2025 and 2035. Smart Water Meter Market is the term denoting the industry that specializes in the development, manufacturing, and implementation of sophisticated water meters based on digital technology that is considerably more precise and efficient in its resolution of water conservation and consumption rate compared to the previous type of meters. These smart meters achieve real-time tracking, capture data remotely, and have advantages in leak detection; hence, the utilities and consumers use water wisely. Enhanced anxieties about water conservation, increasing implementation of urbanization, and innovations in IoT and communication technologies are the key players in the growth of the market. Moreover, smart water meters facilitate sustainable water management and help to decrease the operational expenses of the water utilities all over the world.

What do industry experts say about the Smart Water Meter market trends?

“Being able to get more timely data, more accurate data, more actionable data benefits the utilities in (I would argue) an innumerable number of ways… helps them optimize and more efficiently run their own operations and, frankly, helps them both save money and generate money.”

• Trey Overman, Senior Director, Global Water Product Management, Xylem

Which segments and geographies does the report analyze?

What are the key drivers and challenges shaping the Smart Water Meter market?

How does enhanced water usage accuracy boost market growth?

The developed increase in water usage accuracy greatly increases the market share of smart water meters, as it allows reasonable measurement and surveillance that reduces wastewater and enhances its use. Correct information enables utilities and customers to identify leaks at an early stage, demand efficiently, and devise focused measures of conservation.

The U.S. Environmental Protection Agency (EPA) has reported that water companies waste almost 1 trillion gallons of water every year because of leaks, and that is why accurate monitoring is necessary. Moreover, the EPA WaterSense offers a program where it is highlighted that smart metering technologies allow reducing water consumption rates by 10-15%, which means that these technologies will immediately lead to cost savings and preservation of resources.

Studies conducted by academic institutes, including that of Stanford University, have shown that real-time readings provided by the smart meters enable users to change their behavior and that they enhance sustainability. These thus fuel adoption trends and market growth as governments and utilities are more and more considering water conservation needs based on the rise of both environmental and economic pressures.

Will rising urbanization increase demand for efficient water monitoring?

One factor that has favored the fact that smart water metering is getting in demand is because of the rising urbanization. The need to supply and distribute water to the population in cities adds pressure as the urban population increases, resulting in difficulties with controlling the consumption and minimizing the losses. The United Nations reported that more than half the population of the world was already residing in cities, thus this puts a considerable load on the water infrastructure. The U.S. Environmental Protection Agency (EPA) states that the utilization of smart water meters has assisted in the reduction of the loss of water due to the fast detection of leakages and the accuracy of the consumption bills, and this is a vital component in managing the scarce water resources in an efficient manner.

According to research held by the Massachusetts Institute of Technology (MIT), the issue of smart meters is important to optimize water consumption in such densely populated areas. Smart water meters are becoming more needed in urban areas due to the emerging pressure of the urban population that requires smarter solutions in solving water management issues.

Can infrastructure compatibility issues slow down technology integration progress?

The infrastructure's compatibility has the potential to significantly impede the market's advancement in technology integration for smart water meters. Most of the current water supply systems are supported by old infrastructures, which are not likely to accommodate the sophisticated smart metering without undergoing total remodeling. An example is that the United States Environmental Protection Agency (EPA) estimates that almost a third of all water infrastructure in the United States is over fifty years old, and there is difficulty in integrating new smart meters with older systems.

Such compatibility issues may lead to delays and higher costs of installation and additional training of personnel. Further, the existing absence of standardization of the communication procedures used by different smart meter manufacturers contributes to the integration challenges, making mass adoption slow. Educational centers such as the Massachusetts Institute of Technology (MIT) emphasize that modernization has the tendency to hit some of its obstacles owing to the complex nature of the retrofitting procedure involved in infrastructural upgrades. Consequently, the rates of interest deployment of smart water meters may be hindered until the problem of infrastructure is addressed in a holistic way.

Can emerging economies provide untapped markets for smart meter deployment?

There is strong untapped potential in emerging economies for the implementation of smart water meters because of the high rate of urbanization, rising water demands, and, subsequently, the government's push towards sustainable water management. For instance, Asian and African countries have serious water shortage issues, and the governments are forced to implement modern technologies to utilize more water resources. The United Nations World Water Development Report (2023) indicates that more than 40% of the population of the world lives in water-stressed environments, with numerous locations in emerging markets.

Smart infrastructure is becoming a priority of governments in India and China, with the Ministry of Jal Shakti in India investing in smart water metering to fit within countrywide initiatives to deal with water overuse. According to the World Bank, using smart meters and a digital water management system, the impact could affect the losses of water by up to 30%, and smart meters are the key instrument in the prevalence of leakages and inaccurate bills. A combination of these factors makes emerging economies the place where the smart water meter should expand with potential, leading to sustainability and the efficiency of operations.

Will increasing environmental awareness drive sustainable water management solutions?

Green consciousness in the environment is a vital force in encouraging the embrace of sustainable water management in the smart water meter market. With individuals getting aware about water conservation and its effects on the environment in terms of wasting water, additional pressure will be in favor of technologies where efficient water monitoring and management can be achieved. According to the U.S. Environmental Protection Agency (EPA), it is estimated that 14-18% of water used in residential areas is lost to leakage and can be mitigated by smart meter technology.

Values are much lower in water consumed, which is essential in safeguarding the ecosystems and human health, according to the World Health Organization (WHO). Instantaneous and real-time water meter information is also very beneficial, as utility companies can use the meter information to know the amount of water they should use so as to optimize the amount they lose and also contribute more towards water conservation. This increased awareness of the environment, through government and educational activities, will aid in the realization of smart water solutions, and the market will experience a rise in its operations and assisting in the sustainability of water worldwide.

What are the key market segments in the Smart Water Meter industry?

Based on the type, the Smart Water Meter Market is classified into Ultrasonic Water Meters, Electromagnetic Water Meters, Mechanical Water Meters, and Hybrid Smart Water Meters. The segment of the ultrasonic water meters has the largest presence in the smart water meter market, as it is accurate, reliable, and less demanding in terms of repair. Ultrasonic meters, as opposed to the mechanical meters, utilize sound waves in determining the water flow capacity, and they give accurate readings at low flow levels.

They are also subject to less wear and tear since they are designed in a non-invasive manner, and this is why they are ideal for smart water management in the long term. Ultrasonic meters are readily adaptable with digital monitoring systems that make real-time data gathering and leakages possible, leading to the high use of ultrasonic meters in smart particulate water structures worldwide.

Based on the Meter Size, the Smart Water Meter Market is classified into ≤ DN50, DN50–DN150, ≥ DN150. The most important segment in the smart water meter market is the 0 DN50 meter size since this segment serves residential and small commercial markets, which form the majority of the consumers. The smaller meters are simple to set and cheaper to employ; hence, they are ideal in extensive smart water metering installations. Their miniature encapsulation also facilitates smooth incorporation into smart technology that has allowed real-time monitoring and congregation of massive amounts of data, making them the best in the market.

Which regions are leading the Smart Water Meter market, and why?

The North American smart water meter market is growing because of its sophisticated infrastructure and the importance put forth in water conservation and management. The territory has the advantage of a popular smart city development, which splits the investment in the smart water metering technologies development to increase efficiency and decrease water losses. Market growth is also furthered by regulatory frameworks that enable sustainability and other resources.

Consumers are highly aware, and a large number of significant technology providers are speeding up the process of innovation and implementation. The combination of the IoT and better data analytics in the water utilities sphere stimulates transparency in the operations, and North America is the leader when it comes to using smart water meters. Further, the well-developed utility networks and strong funding system within the region allow the large-scale introduction of smart meters. This is to proactively counter phenomena such as aging infrastructure and urban population growth, and strengthen North America in the market.

The Asia Pacific smart water meter market is dominating due to urbanization and rising challenges of water scarcity issues that are forcing governments and utility companies to implement smart water management systems. Nations such as China, India, Japan, and Australia are massively investing in smart infrastructure as a way of making their use of water more efficient and minimizing loss.

The increasing interest in the sustainable management of resources, in combination with the increasing level of IoT technology and mobile connectivity, serves as an impetus that creates a demand for smart meters. Government moves and regulations towards water conservation enhance the growth of the market. The growing industrial and residential water sector of the region is also a reason and motivation towards proper monitoring and billing of water consumption.

Smart water meters will be more affordable through cost-efficient production and technological advancement in the Asia Pacific region, which further ensures the dominance of the region in this market. Besides, the increased environmental consciousness of consumers promotes the use of smart water solutions, which will propel the growth in the long term.

What does the competitive landscape of the Smart Water Meter market look like?

The smart water meter market is very competitive, with major competitors in this market, such as Xylem Inc., Kamstrup A/S, Itron Inc., Honeywell International Inc., and Badger Meter, Inc., playing a critical role in leading novelty and market expansion. Such companies are currently paying more attention to the implementation of complex IoT technologies and analytics to improve the accuracy of meters, real-time monitoring, and conservation of water.

Strategic partnerships and product launches have been some of the recent innovations, and they focus on smart integration of infrastructure and cloud-based management solutions. To illustrate, Xylem has made large investments in the initiative to enhance its digital water platforms, whereas Kamstrup has been able to extend its smart metering solutions to other global markets.

Further, it is being effortlessly used through AI capabilities by Honeywell to make water usage more environmentally friendly and help identify any leakages effectively. The nature of this means that constant innovation has become the norm within this sector as firms seek to respond to increasing regulatory demands and the need to have a sustainable approach to water management globally.

Smart Water Meter Market, Company Shares Analysis, 2024

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Which recent mergers, acquisitions, or product launches are shaping the Smart Water Meter industry?

• In June 2025, Chennai Metrowater (India) began the phased rollout of 100,000 smart water meters. The first phase focused on residences larger than 2,500 sq ft to improve accurate usage tracking, ensure fair billing, and detect leaks—replacing old mechanical meters.
• In May 2025, the City of Midland (USA) partnered with Gateway Collectors to modernize its Advanced Metering Infrastructure (AMI). The upgrade included remote-reading collectors that gathered usage data every 15 minutes, greatly improving leak detection and coverage compared to previous systems.

Report Coverage:

By Type

• Ultrasonic Water Meters
• Electromagnetic Water Meters
• Mechanical Water Meters
• Hybrid Smart Water Meters

By Meter Size

• ≤ DN50
• DN50 – DN150
• ≥ DN150

By Functionality

• Automatic Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)

By Component

• Meters
• Communication Modules
• Data Management Systems

By End User

• Utilities
• Industrial Facilities
• Commercial Complexes
• Smart Cities
• Agriculture & Irrigation

By Region

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Singapore
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC Countries
• South Africa
• Rest of Middle East & Africa

List of Companies:

• Xylem Inc.
• Kamstrup A/S
• Itron Inc.
• Honeywell International Inc.
• Diehl Stiftung & Co. KG
• Honeywell International Inc.
• Arad Group
• Zenner International GmbH & Co. KG
• Badger Meter, Inc.
• AquaVigil Water Solutions Inc.
• B METERS Srl
• Roper Technologies, Inc.
• Hubbell Incorporated
• Landis+Gyr Group AG
• Sanchuan Wisdom Technology Co., Ltd.

Frequently Asked Questions (FAQs)