Water Meter Market

By Type ;

Rotary Piston [Conventional and Smart], Single Jet [Conventional and Smart] and Multi Jet [ Conventional and Smart]

By Distribution Channel;

Online and Offline

By Application ;

Key Trends, Introduction, Residential and Commercial

By End user;

Residential, Commercial and Industrial

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn244070541 Published Date: September, 2025 Updated Date: October, 2025

Water Meter Market Overview

Water Meter Market (USD Million)

Water Meter Market was valued at USD 23,046.21 million in the year 2024. The size of this market is expected to increase to USD 30,327.24 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4%.


Water Meter Market

*Market size in USD million

CAGR 4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4 %
Market Size (2024)USD 23,046.21 Million
Market Size (2031)USD 30,327.24 Million
Market ConcentrationHigh
Report Pages361
23,046.21
2024
30,327.24
2031

Major Players

  • Diehl Stiftung & Co. KG
  • Azbil Kimmon Co., Ltd.
  • Badger Meter, Inc.
  • Neptune Technology Group Inc.
  • G. Gioanola S.R.L.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Water Meter Market

Fragmented - Highly competitive market without dominant players


The water meter market is experiencing strong growth as water conservation and efficient management become global priorities. Over 65% of water providers now rely on advanced metering systems to ensure precision in consumption tracking and reduce wastage. These meters enable fair billing practices and improved resource planning, making them indispensable in modern water distribution networks.

Innovation in Smart Metering Solutions
Advancements in smart water meters are transforming the industry, with approximately 40% of new deployments adopting connected or automated technologies. These solutions deliver real-time consumption insights, remote monitoring, and leakage detection, offering enhanced efficiency for both providers and end users. The increasing adoption of digital platforms reflects a major step toward intelligent water infrastructure.

Expanding Applications Across End-Users
Rising usage in residential, commercial, and industrial sectors is fueling the expansion of the water meter market. Residential installations account for nearly 55% of the overall adoption, driven by the need for precise usage tracking in households. Commercial facilities and industries are also accelerating adoption to optimize operations and support sustainability initiatives.

Emphasis on Sustainability and Conservation
Global sustainability goals are strongly influencing the demand for water meters, with more than 50% of organizations embedding them into their conservation frameworks. These devices are helping reduce non-revenue water, improve resource efficiency, and support eco-friendly initiatives. By facilitating responsible consumption, water meters are central to long-term conservation efforts.

Future Prospects and Market Potential
The water meter market is set for sustained growth, backed by rising awareness, continuous technological upgrades, and infrastructure development. With nearly 45% of new water projects expected to incorporate advanced metering, the market outlook remains highly positive. Strong demand across diverse applications highlights the critical role of water meters in shaping 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 Type
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Water Meter Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Rising Demand for Water Conservation Solutions
        3. Government Initiatives for Water Management
      2. Restraints
        1. High Initial Costs
        2. Infrastructure Challenges
        3. Regulatory Constraints
      3. Opportunities
        1. Expansion in Smart Cities Initiatives
        2. Growing Awareness of Water Scarcity
        3. Adoption of IoT in Water Management
      4. PEST Analysis
        1. Political Analysis
        2. Economic Analysis
        3. Social Analysis
        4. Technological Analysis
      5. Porter's Analysis
        1. Bargaining Power of Suppliers
        2. Bargaining Power of Buyers
        3. Threat of Substitutes
        4. Threat of New Entrants
        5. Compititive Rivalry
  5. Market Segmentation
    1. Water Meter Market, By Type, 2021 - 2031 (USD Million)
      1. Rotary Piston
        1. Conventional
        2. Smart
      2. Single Jet
        1. Conventional
        2. Smart
      3. Multi Jet
        1. Conventional
        2. Smart
    2. Water Meter Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Online
      2. Offline
    3. Water Meter Market, By Application, 2021 - 2031 (USD Million)
      1. Key Trends
      2. Introduction
      3. Residential
      4. Commercial
    4. Water Meter Market, By End user, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Industrial
    5. Water Meter 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. Badger Meter, Inc.
      2. Sensus (Xylem Inc.)
      3. Diehl Stiftung & Co. KG
      4. Itron, Inc.
      5. Landis+Gyr
      6. Honeywell International Inc.
      7. Kamstrup A/S
      8. Mueller Water Products, Inc.
      9. Neptune Technology Group Inc.
      10. Aclara Technologies LLC
      11. Master Meter, Inc.
      12. Zenner International GmbH & Co. KG
      13. Elster Group GmbH
      14. Mueller Systems LLC
      15. Diehl Metering Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market