- An Outline of the Global Smart Water Meter Market
- Market Definition
- Market Segmentation
- Assumptions and Abbreviations
- Research Methodology & Approach
- Primary Research
- Secondary Research
- Data Triangulation
- SPSS Methodology
- Executive Summary
- Opportunities
- Growth Drivers
- Major Roadblocks
- Prevalent Trends
- Government Regulations
- Analysis of the Current Technologies
- Growth Outlook
- Analysis on Government Initiatives
- Risk Analysis
- SWOT
- Supply Chain
- End-User Analysis
- Regional Demand
- Recent News
- Type Analysis
- Price Benchmarking
- Technology Analysis
- Survey Analysis
- Market Trend Analysis
- Factors affecting the market
- Technical Specification Analysis
- Operational Cost Analysis
- Application Analysis
- Supply Chain
- Technology Analysis
- Analysis of Revenue Rate Improvement Before and After Installation of Smart Water Meter
- Technological Advancements in Smart Water Meter
- Analysis of Smart Water Meter Installation Area
- Comparative Positioning
- Competitive Landscape
- Competitive Model
- Market Share of Major Companies Profiled, 2023
- Business Profile of Key Enterprise
- Neptune Technology Group Inc.
- Kamstrup
- Honeywell International Inc.
- Badger Meter, Inc.
- Landis+Gyr
- Xylem
- Arad Group
- Itron Inc.
- Diehl Stiftung & Co. KG
- Wasion Holdings Limited
- ZENNER International GmbH & Co. KG
- OSAKI ELECTRIC CO., LTD.
- Mitsubishi Electric Corporation
- Global Smart Water Meter Market Outlook
- Market Overview
- Market Revenue by Value (USD Million) Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
29.3 Global Smart Water Meter Market Segmentation Analysis (2024-2037)
29.3.1 By Type
- Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- By Component
- IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
- Communications, Market Value (USD Million), and CAGR, 2024-2037F
- Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F
29.3.3 By Technology
- Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
- Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F
- Applications
- Commercial, Market Value (USD Million), and CAGR, 2024-2037F
- Industrial, Market Value (USD Million), and CAGR, 2024-2037F
- Residential, Market Value (USD Million), and CAGR, 2024-2037F
29.3.5 By Region
- North America, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Europe Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Asia Pacific Excluding Japan Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Japan Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Latin America Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Middle East and Africa Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
29.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
30. North America Smart Water Meter Market Outlook
- Market Overview
- Market Revenue by Value (USD Million) Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
30.3 North America Smart Water Meter Market Segmentation Analysis (2024-2037)
30.3.1 By Type
- Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
30.3.2 Component
- IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
- Communications, Market Value (USD Million), and CAGR, 2024-2037F
- Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F
- By Technology
- Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
- Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F
30.3.4 By Applications
- Commercial, Market Value (USD Million), and CAGR, 2024-2037F
- Industrial, Market Value (USD Million), and CAGR, 2024-2037F
- Residential, Market Value (USD Million), and CAGR, 2024-2037F
30.3.5 By Country
- US, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Canada, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
30.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
31. Europe Smart Water Meter Market Outlook
- Market Overview
- Market Revenue by Value (USD Million) Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
31.3 Europe Smart Water Meter Market Segmentation Analysis (2024-2037)
31.3.1 By Type
- Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- By Component
- IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
- Communications, Market Value (USD Million), and CAGR, 2024-2037F
- Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F
31.3.3 By Technology
- Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
- Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F
31.3.4 By Applications
- Commercial, Market Value (USD Million), and CAGR, 2024-2037F
- Industrial, Market Value (USD Million), and CAGR, 2024-2037F
- Residential, Market Value (USD Million), and CAGR, 2024-2037F
- By Country
- UK, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Germany, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- France, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Italy, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Spain, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- BENELUX, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Poland, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Russia, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Rest of Europe, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
31.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
32. Asia Pacific Excluding Japan Smart Water Meter Market Outlook
- Market Overview
- Market Revenue by Value (USD Million) Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
32.3 Asia Pacific excluding Japan Smart Water Meter Market Segmentation Analysis (2024-2037)
- By Type
- Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- By Component
- IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
- Communications, Market Value (USD Million), and CAGR, 2024-2037F
- Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F
32.3.3 By Technology
- Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
- Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F
32.3.4 By Applications
- Commercial, Market Value (USD Million), and CAGR, 2024-2037F
- Industrial, Market Value (USD Million), and CAGR, 2024-2037F
- Residential, Market Value (USD Million), and CAGR, 2024-2037F
- By Country
- China, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- India, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Indonesia, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- South Korea, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Malaysia, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Australia, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Singapore, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Vietnam, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Thailand, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- New Zealand, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Rest of Asia Pacific excluding Japan, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
32.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
33. Japan Smart Water Meter Market Outlook
- Market Overview
- Market Revenue by Value (USD Million), & Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
33.3 Japan Smart Water Meter Market Segmentation Analysis (2024-2037)
33.3.1 By Type
- Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- By Component
- IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
- Communications, Market Value (USD Million), and CAGR, 2024-2037F
- Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F
33.3.3 By Technology
- Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
- Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F
33.3.4 By Applications
- Commercial, Market Value (USD Million), and CAGR, 2024-2037F
- Industrial, Market Value (USD Million), and CAGR, 2024-2037F
- Residential, Market Value (USD Million), and CAGR, 2024-2037F
33.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
34. Latin America Smart Water Meter Market Outlook
- Market Overview
- Market Revenue by Value (USD Million) Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
34.3 Latin America Smart Water Meter Market Segmentation Analysis (2024-2037)
34.3.1 By Type
- Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- By Component
- IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
- Communications, Market Value (USD Million), and CAGR, 2024-2037F
- Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F
34.3.3 By Technology
- Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
- Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F
34.3.4 By Applications
- Commercial, Market Value (USD Million), and CAGR, 2024-2037F
- Industrial, Market Value (USD Million), and CAGR, 2024-2037F
- Residential, Market Value (USD Million), and CAGR, 2024-2037F
- By Country
- Brazil, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Argentina, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Mexico, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Rest of Latin America, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
34.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
35. Middle East & Africa Smart Water Meter Market Outlook
- Market Overview
- Market Revenue by Value (USD Million) Volume (Thousand Units) and Compound Annual Growth Rate (CAGR)
35.3 Middle East & Africa Smart Water Meter Market Segmentation Analysis (2024-2037)
35.3.1 By Type
- Electromagnetic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Ultrasonic Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Mechanical Meter, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- By Component
- IT Solutions, Market Value (USD Million), and CAGR, 2024-2037F
- Communications, Market Value (USD Million), and CAGR, 2024-2037F
- Meters & Accessories, Market Value (USD Million), and CAGR, 2024-2037F
35.3.3 By Technology
- Advanced Meter Infrastructure, Market Value (USD Million), and CAGR, 2024-2037F
- Automatic Meter Reading, Market Value (USD Million), and CAGR, 2024-2037F
35.3.4 By Applications
- Commercial, Market Value (USD Million), and CAGR, 2024-2037F
- Industrial, Market Value (USD Million), and CAGR, 2024-2037F
- Residential, Market Value (USD Million), and CAGR, 2024-2037F
- By Country
- GCC, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Israel, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- South Africa, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
- Rest of Middle East & Africa, Market Value (USD Million), Volume (Thousand Units) and CAGR, 2024-2037F
35.4 Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
36 Global Economic Scenario
37 About Research Nester
Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Smart Water Meter Market size was USD 6.2 billion in 2024 and is anticipated to reach a valuation of USD 21.4 billion by the end of 2037, rising at a CAGR of 10.1% during the forecast period, i.e., 2025-2037. In 2025, the industry size of smart water meter is estimated at USD 6.8 billion.
The sales of smart water meters have significantly increased over recent years due to rising water scarcity in many parts of the globe. As water scarcity has become a major issue, especially in arid and semi-arid regions, the demand for precise water monitoring systems and solutions has increased. These smart water meters help to identify water wastage and provide real-time data to manage demand and supply efficiently.
Several governments worldwide are making efforts to support the adoption of smart water meters to combat water scarcity and encourage efficient water use. For instance, in March 2021, the Government of India announced a digital mission to address the challenges of water supply management in rural areas. The Jal Jeevan Mission deployed first-of-its-kind sensor-based IoT smart metering systems to monitor rural drinking water supply. In collaboration with Tata Community Initiatives Trust (TCIT) and Tata Trusts, the Jal Jeevan Mission completed several pilot projects in remote regions of Rajasthan, Maharashtra, Uttarakhand, Himachal Pradesh, and Gujarat.
Smart Water Meter Sector: Growth Drivers and Challenges
Growth Drivers
- Rising number of smart city projects globally: Rapid urbanization has resulted in the rising number of smart city projects along with mounting pressure on water supply systems. Many countries, especially emerging economies are heavily investing in smart building initiatives. Smart water meters are integral to these projects, offering real-time data analytics and IoT integration to streamline water management and reduce water wastage. For instance, the International Water Resources Association (IWRA), in collaboration with the Korea Water Resources Corporation (K-Water) and the Asia Water Council (AWC) launched the Smart Water Cities, a three-year project to analyze and deploy smart water technologies in urban developments.
- IoT integration in water meters: Recent advancements in water monitoring systems involve the integration of IoT networks. Smart water meters equipped with IoT and advanced data analytics allow utilities to monitor water usage remotely and collect real-time data on water supply and usage. This helps in improving reliability and allows for predictive maintenance. Several companies are investing and partnering with other companies to develop and launch advanced IoT water meters. For instance, in April 2024, SUEZ partnered with Vodafone to launch remote water meter reading via Narrowband IoT (NB-IoT) with excellent coverage and a 15-year battery life. The product is expected to reduce leaks by 15% and the company plans to deploy more than 2 million NB-IoT meters by 2030.
Challenges
- Rising concerns about data privacy and security- Smart water meters collect sensitive consumer information and data, making them vulnerable to cyberattacks. Thus, utilities are cautious while deploying technology that can expose them to privacy and security risks. This key factor is expected to hamper overall smart water meter market growth during the forecast period.
- High initial investment: Though smart water meters are rapidly gaining traction, the adoption can be restrained among budget constraints or small-scale utilities due to high initial investments, hardware costs, and installation fees. Moreover, the lack of funding for smart infrastructure is expected to hamper market growth to a certain extent.
Smart Water Meter Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
10.1% |
|
Base Year Market Size (2024) |
USD 6.2 billion |
|
Forecast Year Market Size (2037) |
USD 21.4 billion |
|
Regional Scope |
|
Smart Water Meter Segmentation
Type (Electromagnetic Meter, Ultrasonic Meter, Mechanical Meter)
The mechanical meter segment is likely to dominate smart water meter market share of over 54.5% by 2037 owing to the growing preference for mechanical water meters for their durability, cost-effectiveness, enhanced convenience and reliability, and the rising need for extensive water management solutions in growing urban areas. Different types of mechanical meters are currently used across various settings, including residential, commercial, and industrial applications.
In addition, government initiatives and regulations to conserve water have resulted in a rising number of product launches. For instance, in September 2024, Metron, a global leader in cellular-based smart metering and water intelligence announced the launch of two products, WaterScope Utility and Metron Spectrum Wave at the National Rural Water Association’s WaterPro Conference 2024 in Savannah, Georgia. WaterScope Utility is an advanced analytical app for streamlining municipal water systems while Metron Spectrum Wave is an advanced ultrasonic smart meter, highly resilient and versatile.
Application (Commercial, Industrial, Residential)
In smart water meter market, residential segment is poised to capture revenue share of over 52% by 2037. This growth can be attributed to factors such as rising urbanization across the globe, increasing smart buildings and home projects, and high demand for smart water meter solutions across the residential sector for water conservation. The advanced water meters offer real-time water usage tracking, helping homeowners detect flaws and reduce consumption. In addition, high adoption of smart water meters for improved billing accuracy and government schemes for the residential sector are expected to boost segment revenue growth going ahead.
Our in-depth analysis of the global smart water meter market includes the following segments:
|
Type |
|
|
Component |
|
|
Technology |
|
|
Application |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this ReportSmart Water Meter Industry - Regional Synopsis
North America Market
In smart water meter market, North America region is expected to capture over 45.6% revenue share by 2037 owing to favorable regulatory support in the U.S. and Canada, high adoption of advanced water management systems across residential, industrial, and commercial settings, and the presence of leading companies that offer a range of smart meter solutions tailored to utility and municipality needs.
In the U.S., the market is poised to account for a significant revenue share between 2025 and 2037. This growth can be attributed to rising concerns about water scarcity, supportive government initiatives to conserve water and adopt smart water meters, and increasing investments to develop and launch novel products. Moreover, in February 2024, the U.S. Environment Protection Act (EPA) announced USD 5.8 billion for the Clean Water State Revolving Fund (SRF), supporting stormwater, wastewater, and drinking water infrastructure across the country.
The Canada market is expected to register rapid revenue growth during the forecast period owing to rapid urbanization, rising investments in adopting smart water metering solutions for efficient monitoring and early leak detection, and increasing government investments in deploying smart water meter systems.
Asia Pacific Excluding Japan Market Statistics
Asia Pacific excluding Japan smart water meter market is likely to exhibit CAGR of around 10.9% from 2025 to 2037 attributed to growing investments in smart infrastructure in India, China, and South Korea, and the rising importance of effective resource management and sustainable development initiatives to accommodate the increasing population. In addition, the rising integration of IoT and data analytics with smart meters and increasing investments in developing cost-effective and durable advanced smart water meters are expected to drive market growth in APEJ going ahead.
In India, the market is expected to register robust revenue CAGR owing to the rising issues of water scarcity, expansion of smart cities across the country, and high adoption of advanced water monitoring systems. In addition, government initiatives like the Smart Cities Mission to promote smart water management across urban projects are expected to drive the market during the forecast period.
The China smart water market is anticipated to experience significant growth during the forecast period. This growth can be attributed to rapid urbanization, rising investments in smart infrastructure by the government, high focus on water conservation, and the need for advanced metering systems to optimize water usage in commercial, residential, and industrial sectors. One of the key developments in China is the launch of the world’s first NB-IoT-based smart water project by China Telecom and Shenzhen Water Group. The project collected real-time data from 1,200 smart water meters and monitored water quality control.
Companies Dominating the Smart Water Meter Landscape
- E.ON UK plc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Lorenz GmbH & Co.KG
- ZENNER International GmbH & Co. KG
- HEXCELL
- Diehl Stiftung & Co. KG
- SUEZ GROUP
- Badger Meter, Inc.
- Itron Inc.
- Aclara Technologies LLC ( A Hubbell Company)
- Kamstrup A/S
- Honeywell International Inc.
- Mueller Systems LLC
The competitive landscape of the global smart water meter market is driven by a mix of established companies and emerging players who are focused on providing advanced smart water management solutions. These companies are focused on adopting several strategies such as mergers and acquisitions, partnerships, collaborations, and product launches to enhance their product base and maintain their global position. In addition, these companies are at the forefront due to their investments in advanced metering infrastructure and automated meter reading technologies for real time water consumption tracking. Some of the key players in the market include:
In the News
- In June 2024, ST Engineering unveiled BrightCity, a smart water advanced meter infrastructure (AMI) solution designed to address critical challenges faced by cities.
- In June 2023, Sensus announced the launch of the novel ultrasonic water meter, Cordonel, specially developed for commercial and industrial settings.
- In November 2022, Landis+Gyr announced its plan to launch its latest smart water meter products, W270 and W370 based on IoT technologies. The product is integrated with FlexNet communication network for providing accurate readings in real-time.
Author Credits: Abhishek Verma
- Report ID: 6993
- Published Date: Jan 15, 2025
- Report Format: PDF, PPT
