Global Smart Water Meters Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Meter Type;

Ultrasonic, Electromagnetic, and Smart Mechanical

By Component;

Hardware, Software & Platforms, and Services

By Application;

Commercial, Industrial, Residential, and Government

By Technology;

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

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn126672437 Published Date: June, 2025 Updated Date: July, 2025

Smart Water Meters Market Overview

Smart Water Meters Market (USD Million)

Smart Water Meters Market was valued at USD 2,950.19 million in the year 2024. The size of this market is expected to increase to USD 6,281.25 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.4%.


Global Smart Water Meters Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 11.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)11.4 %
Market Size (2024)USD 2,950.19 Million
Market Size (2031)USD 6,281.25 Million
Market ConcentrationLow
Report Pages391
2,950.19
2024
6,281.25
2031

Major Players

  • Arad Group
  • Badger Meter, Inc.
  • BERMAD CS Ltd.
  • Diehl Stiftung & Co. KG
  • Electronet Equipments Private Limited
  • Itron Inc.
  • Kamstrup A/S
  • Landis+Gyr
  • Neptune Technology Group Inc.
  • Sensus USA Inc. (Xylem Inc.)

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Smart Water Meters Market

Fragmented - Highly competitive market without dominant players


The Smart Water Meters Market is expanding rapidly as utilities prioritize water conservation and resource efficiency. Over 62% have already adopted smart meters to monitor usage in real-time and prevent unnecessary water loss. These systems are replacing outdated meters with intelligent infrastructure capable of proactive leak detection.

Government Standards Driving Adoption
New regulations have become a catalyst for change, with nearly 54% of utilities investing in smart meters to align with updated compliance mandates. Features like real-time billing, tamper alerts, and automated reporting support operational compliance while promoting sustainability goals set by governing bodies.

Efficiency Gains and Operational Savings
The adoption of smart water meters is translating into direct cost savings, with over 47% of utilities citing reduced expenditures after deployment. These meters offer remote access, limit service disruptions, and drastically reduce manual interventions—making operations smoother and more resilient.

Consumer-Led Shift Toward Smart Monitoring
Awareness campaigns and eco-conscious behavior are boosting the demand for smart metering. About 51% of households reported reduced water usage post-installation, underscoring the growing appeal of self-monitoring solutions. This trend aligns with global calls for sustainable consumption and energy-efficient resource management.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Meter Type
    2. Market Snapshot, By Component
    3. Market Snapshot, By Application
    4. Market Snapshot, By Technology
    5. Market Snapshot, By Region
  4. Smart Water Meters Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Need for Water Conservation and Management
        2. Increasing Urbanization and Smart City Initiatives
        3. Rising Government Regulations and Policies for Water Efficiency
      2. Restraints
        1. High Initial Cost of Smart Water Meter Deployment
        2. Concerns Regarding Data Privacy and Security
        3. Challenges in Integration with Existing Water Infrastructure
      3. Opportunities
        1. Expansion of Smart Water Management in Developing Countries
        2. Rising Demand for Advanced Analytics and AI in Water Metering
        3. Increasing Public-Private Partnerships for Water Infrastructure
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Smart Water Meters Market, By Meter Type, 2021 - 2031 (USD Million)
      1. Ultrasonic
      2. Electromagnetic
      3. Smart Mechanical
    2. Smart Water Meters Market, By Component, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software & Platforms
      3. Services
    3. Smart Water Meters Market, By Application, 2021 - 2031 (USD Million)
      1. Commercial
      2. Industrial
      3. Residential
      4. Government
    4. Smart Water Meters Market, By Technology, 2021 - 2031 (USD Million)
      1. Advanced Metering Infrastructure (AMI)
      2. Automatic Meter Reading (AMR)
    5. Smart Water Meters Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Arad Group
      2. Badger Meter, Inc.
      3. BERMAD CS Ltd.
      4. Diehl Stiftung & Co. KG
      5. Electronet Equipments Private Limited
      6. Itron Inc.
      7. Kamstrup A/S
      8. Landis+Gyr
      9. Neptune Technology Group Inc.
      10. Sensus USA Inc. (Xylem Inc.)
  7. Analyst Views
  8. Future Outlook of the Market