Smart Water Metering Market Outlook:
Smart Water Metering Market size was over USD 5.67 billion in 2025 and is projected to reach USD 16.54 billion by 2035, growing at around 11.3% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of smart water metering is evaluated at USD 6.25 billion.
A major driver for the growth of the smart water metering market is the rising global water scarcity and the urgent requirement for sustainable water resources management. The push to save water creates demand for advanced water-saving solutions. smart water metering effectively answer the challenge by offering precise measurement and monitoring capabilities. In June 2024, the Water Collaborative of Greater New Orleans highlighted the effort of the Sewerage and Water Board of New Orleans (SWBNO)’s efforts to install smart water metering across the city and estimates that it will lead to accurate billing for residents. The increasing adoption of smart water metering in residential homes is indicative of their effectiveness in water saving and accurate billing.
In February 2024, the United Nations Educational, Scientific, and Cultural Organization (UNESCO) stated that the water demand from the municipal sector has experienced a significant increase relative to the other sectors and is estimated to keep growing owing to surging urbanization. The trends are favorable for the adoption of smart water metering owing to their ability to optimize water use and mitigate waste, allowing municipalities to reduce water wastage. Additionally, the integration of data analytics is expected to improve the efficacy of the product by allowing utilities to identify patterns, predict demand, and improve water distribution. For instance, in January 2024, Badger Meter Inc. announced that it had acquired select remote water monitoring hardware and software from Trimble and TrimbleUnity Remote Monitoring Software. The acquisition will provide real-time monitoring hardware and software targeted at distributed data collections for applications in water, stormwater, wastewater, and environmental water monitoring indicating the potential of revenue growth in advanced data analytics solutions in smart water monitoring.
Furthermore, the rapid growth of the smart cities initiative is poised to create profitable revenue streams for the smart water metering market. Key market players are positioned to leverage emerging opportunities in high-income and middle to low-income economies as smart infrastructure initiatives expand. For instance, in June 2024, Sigfox SA was selected as the network to support South Africa’s transition to smart water metering, and as per the agreement, existing meters will be replaced or adapted as smart meters and will run on the nationwide Sigfox IoT network. Such government contracts or tenders are lucrative opportunities for the major players providing smart water metering solutions. The trends are favorable for the robust growth of the market by the end of the forecast period.
