Smart Water Metering Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)
Smart Water Metering Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)
Smart Water Metering Market is segmented By Meter Type (Ultrasonic Meters, Smart Mechanical Meters, Electromagnetic Meters), By Technology (AMR, AMI), By Component (IT Solution, Meter & Accessories, Communications), By Application (Industries, Water Utilities), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned segments.
Smart Water Metering Market is segmented By Meter Type (Ultrasonic Meters, Smart Mechanical Meters, ...
Smart Water Metering Market Size - Analysis
The smart water metering market is estimated to be valued at USD 5.24 Bn in 2025 and is expected to reach USD 11.51 Bn by 2032, growing at a compound annual growth rate (CAGR) of 11.9% from 2025 to 2032. Growth of the smart water metering market can be attributed to the implementation of smart metering systems across developed regions to detect leakages and monitor water usage.
Market Size in USD Bn
CAGR11.9%
Study Period
2025-2032
Base Year of Estimation
2024
CAGR
11.9%
Market Concentration
Medium
Major Players
Apator S.A., Aclara Technologies LLC, Arad Group, BMETERS Srl, Badger Meter, Inc. and Among Others
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Smart Water Metering Market Trends
Market Driver - Growing Global Focus on Water Conservation
Many regions around the world are facing water scarcity issues, with some predicting potential water crises if consumption and loss is not curtailed. As a result, there is a growing impetus on implementing strategies and technologies that promote the efficient and sustainable use of this precious resource. Advanced, smart water metering infrastructure has been identified as a valuable tool in aiding conservation efforts and reducing non-revenue water losses.
Smart water metering allows for automated and remote meter reading, eliminating the need for manual readings and tackling the inaccuracies this can sometimes introduce. Utilities have real-time visibility to detect leaks or unusual usage that may indicate wastage. They can better target initiatives to encourage behavioral changes in high usage areas or during peak times.
Residential customers also benefit from smart metering by having access to their own water use details. Seeing the quantifiable impact of habits helps raise awareness of unnecessary consumption. It can also drive growth of the smart water metering market over the long-run.
Market Driver - Rising Investments in Smart City Initiatives
City administrators worldwide today, are seeking innovative ways to modernize aging infrastructure and cope with increasing pressures on resources and liveability. Smart city initiatives aim to leverage emerging technologies across sectors like transportation, energy management, and urban planning in creating more efficient, sustainable, and inclusive urban environments.
Investments are pouring into upgrading ageing water networks with IoT-enabled solutions. Smart metering finds itself at the core of these digitization drives. Automating meter reading and introducing analytics enables proactive leak detection and demand management. This results in significant savings through reduced non-revenue water and optimized resource utilization.
Utilities tapping into global expertise and financing for smart transformation have been able to strengthen resilience, enhance service quality and gain operational efficiencies through digital intervention in water management. As more cities worldwide invest billions into smart infrastructure developments, the opportunities for players in the smart water metering market.
Market Challenge - Lack of Standardization and Interoperability
The lack of standardization and interoperability across different smart water metering technologies presents a major challenge for wider implementation. Currently, there are a variety of proprietary hardware and software solutions available in the market.
However, these solutions often do not follow common standards and protocols, making them incompatible with one another. This severely limits utility companies and municipalities' ability to integrate different technologies into a single coordinated system. Incompatible systems also increase costs associated with upgrading existing infrastructure. Interfacing disparate systems requires additional software, hardware modifications, and custom integration work.
The heterogeneous landscape of technologies further complicates data aggregation and analysis at a network level. If smart water metering is to achieve large scale adoption, developing globally recognized standards for device communication, data formats, and cybersecurity will be essential.
Market Opportunity - Demand for Water Efficiency Solutions Creates Growth Potential
Growing concerns around global water scarcity are creating significant market potential for water efficiency solutions like smart water metering. Population growth, rising incomes, and urbanization are straining water resources in many parts of the world.
At the same time, aging water infrastructure is contributing to high non-revenue water losses through leaks and breaks. Advanced metering infrastructure offers utilities the ability to more accurately monitor real-time water usage, detect leaks and reduce non-revenue water. They also empower customers to better manage their water consumption through mobile apps and data access.
As water scarcity risks intensify with climate change, demand is increasing for smart water metering solutions that maximize efficiencies. This macro trend will continue driving the adoption of smart water metering globally as countries aim to sustainably manage this critical resource through demand reductions, efficiencies, and increased conservation.
Key winning strategies adopted by key players of Smart Water Metering Market
Strategy 1: Focus on technology innovation and adoption of IoT solutions
In 2018, Itron launched an IoT-enabled smart water solution called "Itron IntelliServe" which leverages cellular connectivity to provide real-time consumption data. This helped utilities optimize operations and enhanced customer experience.
Strategy 2: Offer smart metering as a service (MaaS)
In 2019, Badger Meter launched the "@ticity" platform that provides smart water meters, installation, management, and data analytics as a service to 1000+ municipalities in North America.
Strategy 3: Pursue strategic acquisitions for geographical expansion
Large players in smart water metering market are actively acquiring regional companies to expand globally. For instance, in 2021, Honeywell acquired the utility software company OpenWay to enter the European smart water metering market.
Segmental Analysis of Smart Water Metering Market
Insights, By Meter Type: Ultrasonic Meters - The Superior Accuracy Factor
In terms of meter type, ultrasonic meters contribute 38.5% share of the smart water metering market in 2025, owning to their superior accuracy over other meter types. Ultrasonic meters employ non-intrusive technology to detect water flow using ultrasonic transit time which means it does not come in direct contact with water flow.
Contactless measurement mechanism enables ultrasonic meters to provide very high accuracy readings unaffected by variations in water temperature or quality. High degree of accuracy is a key driver for their popularity as municipalities and utilities prefer ultrasonic meters for smart metering programs to minimize errors in billing and boost customer satisfaction.
Additionally, being a non-intrusive technology also means ultrasonic meters have very low failure rates and require almost no maintenance. Their long operational life without accuracy deterioration further reinforces their prevalence in the smart water metering market.
Insights, By Technology: Connectivity Convenience of AMR
In terms of technology, AMR (automatic meter reading) contributes 57.2% share of the smart water metering market in 2025, owing to its connectivity convenience. AMR technology allows water utilities to remotely obtain meter readings using fixed network or drive-by collection methods without physically visiting customer premises. This brings significant operational efficiency by streamlining the meter reading process and abolishing manual readings.
The connectivity convenience of AMR simplifies meter data collection on a large scale and helps utilities optimize field workforce. It also enables useful functions for customers like detecting leaks promptly. Additionally, the connectivity of AMR technology supports ancillary applications such as usage monitoring, consumption analytics and alert services. These added functionalities increase its appeal among water utilities.
Insights, By Component: Comprehensive IT Solution Scope
In terms of component, IT solutions contribute the highest share of the smart water metering market in 2024, due to its comprehensive solution scope. An IT solution provides an end-to-end software framework that integrates all the components of a smart metering system from meter data collection and management to analytics and business applications.
As a complete solution, IT component addresses diverse needs of utilities from commercial to technical to enhance overall productivity. Its broader scope compared to individual hardware components makes IT solution a preferred choice. An integrated IT platform also streamlines meter-to-cash processes, improves customer services and enhances operational efficiency. This comprehensive functionality of IT solution is a prime factor for its leading position in the smart water metering market.
Additional Insights of Smart Water Metering Market
Smart water meters play a crucial role in optimizing water use and reducing waste, aligning with smart city goals.
AI integration in smart water meters facilitates predictive analysis and resource optimization, essential for sustainable water management.
Asia Pacific held the largest share in smart water metering market in 2023, driven by urbanization in China and India.
North America is expected to grow at the fastest rate due to strong regulatory standards and advanced infrastructure accelerating growth of the smart water metering market.
Competitive overview of Smart Water Metering Market
The major players operating in the smart water metering market include Apator S.A., Aclara Technologies LLC, Arad Group, BMETERS Srl, Badger Meter, Inc., Diehl Stiftung & Co. KG, Honeywell International Inc., Itron Inc., Kamstrup, Landis+Gyr, Ningbo Water Meter Co., Ltd., Neptune Technology Group Inc., Schneider Electric, Sensus, Sontex SA, Siemens, and ZENNER International GmbH & Co. KG.
Smart Water Metering Market Leaders
Apator S.A.
Aclara Technologies LLC
Arad Group
BMETERS Srl
Badger Meter, Inc.
*Disclaimer: Major players are listed in no particular order.
Smart Water Metering Market - Competitive Rivalry
Smart Water Metering Market
Market Consolidated (Dominated by major players)
Market Fragmented (Highly competitive with lots of players.)
*Source: Coherent Market Insights
Recent Developments in Smart Water Metering Market
In April 2024, SUEZ and Vodafone announced a global partnership to accelerate the deployment of smart water meters using Narrowband IoT (NB-IoT) technology, with a target of installing over 2 million units by 2030.
In February 2024, Diehl Metering introduced the ALTAIR V5 MANIFOLD, a volumetric water meter designed for efficient measurement. This latest generation meter is compact, robust, and adaptable to various water qualities and demanding environments.
In November 2022, Landis+Gyr introduced the W270 and W370 ultrasonic smart water meters, adhering to their Green Design principles. These meters are 100% recyclable after a lifespan exceeding 15 years.
In March 2023, Avnet, Inc. renewed its Master Distribution Agreement (MDA) with Huizhong, a leading ultrasonic water meter manufacturer, to distribute smart water meters in Australia and New Zealand.
Smart Water Metering Market Report - Table of Contents
RESEARCH OBJECTIVES AND ASSUMPTIONS
Research Objectives
Assumptions
Abbreviations
MARKET PURVIEW
Report Description
Market Definition and Scope
Executive Summary
Smart Water Metering Market, By Meter Type
Smart Water Metering Market, By Technology
Smart Water Metering Market, By Component
Smart Water Metering Market, By Application
Coherent Opportunity Map (COM)
MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
Global Smart Water Metering Market, By Meter Type, 2025-2032, (USD Bn)
Introduction
Market Share Analysis, 2025-2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Ultrasonic Meters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Smart Mechanical Meters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Electromagnetic Meters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Global Smart Water Metering Market, By Technology, 2025-2032, (USD Bn)
Introduction
Market Share Analysis, 2025-2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
AMR (Automatic Meter Reading)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
AMI (Advanced Metering Infrastructure)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Global Smart Water Metering Market, By Component, 2025-2032, (USD Bn)
Introduction
Market Share Analysis, 2025-2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
IT Solution
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Meter & Accessories
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Communications
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Global Smart Water Metering Market, By Application, 2025-2032, (USD Bn)
Introduction
Market Share Analysis, 2025-2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Industries
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Water Utilities
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Global Smart Water Metering Market, By Region, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Meter Type, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Technology, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Component, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020-2032, Value (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Meter Type, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Technology, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Component, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020-2032, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Meter Type, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Technology, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Component, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020-2032, Value (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Meter Type, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Technology, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Component, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020-2032, Value (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Meter Type, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Technology, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Component, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020-2032, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Meter Type, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Technology, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Component, 2020-2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020-2032, Value (USD Bn)
South Africa
North Africa
Central Africa
COMPETITIVE LANDSCAPE
Apator S.A.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Aclara Technologies LLC
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Arad Group
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
BMETERS Srl
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Badger Meter, Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Diehl Stiftung & Co. KG
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Honeywell International Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Itron Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Kamstrup
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Landis+Gyr
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Ningbo Water Meter Co., Ltd.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Neptune Technology Group Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Schneider Electric
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Sensus
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Sontex SA
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Siemens
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
ZENNER International GmbH & Co. KG
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
References and Research Methodology
References
Research Methodology
About us
Smart Water Metering Market Segmentation
By Meter Type
Ultrasonic Meters
Smart Mechanical Meters
Electromagnetic Meters
By Technology
AMR (Automatic Meter Reading)
AMI (Advanced Metering Infrastructure)
By Component
IT Solution
Meter & Accessories
Communications
By Application
Industries
Water Utilities
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About author
Sakshi Suryawanshi is a Research Consultant with 6 years of extensive experience in market research and consulting. She is proficient in market estimation, competitive analysis, and patent analysis. Sakshi excels in identifying market trends and evaluating competitive landscapes to provide actionable insights that drive strategic decision-making. Her expertise helps businesses navigate complex market dynamics and achieve their objectives effectively.
Frequently Asked Questions :
How big is the smart water metering market?
The smart water metering market is estimated to be valued at USD 5.24 Bn in 2025 and is expected to reach USD 11.51 Bn by 2032.
What are the key factors hampering the growth of the smart water metering market?
Lack of standardization and interoperability across smart metering technologies complicates implementation, and high initial setup costs limit adoption are the major factors hampering the growth of the smart water metering market.
What are the major factors driving the smart water metering market growth?
Growing global focus on water conservation, with advanced metering aiding efficient water management and rising investments in smart city initiatives are the major factors driving the Smart water metering market.
Which is the leading meter type in the smart water metering market?
The leading meter type segment is ultrasonic meters.
Which are the major players operating in the smart water metering market?
Apator S.A., Aclara Technologies LLC, Arad Group, BMETERS Srl, Badger Meter, Inc., Diehl Stiftung & Co. KG, Honeywell International Inc., Itron Inc., Kamstrup, Landis+Gyr, Ningbo Water Meter Co., Ltd., Neptune Technology Group Inc., Schneider Electric, Sensus, Sontex SA, Siemens, and ZENNER International GmbH & Co. KG are the major players.
What will be the CAGR of the smart water metering market?
The CAGR of the smart water metering market is projected to be 11.9% from 2025-2032.
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Insights, By Technology: Connectivity Convenience of AMR
