Global Water Metering Market
Water Metering Market size was valued at USD 17.5 billion in 2024 and is projected to reach a valuation of USD 31.9 billion by the end of 2037, rising at a CAGR of 4.7% during the forecast period, i.e., 2025-2037. In 2025, the industry size of water metering is assessed at USD 18.2 billion.
The water metering market is rising due to increasing urbanization, enhanced smart metering solutions, and the worldwide focus on water usage efficiency. The smart meters that are integrated with IoT are being adopted in the industry to offer real-time consumption readings and billing and to manage resources properly. The rising adoption of smart water meters in residential, commercial, and industrial sectors is proof of the market’s untapped potential. Furthermore, most governments across the globe have started using smart water management to overcome water scarcity and leakage.
In December 2024, Trenton Water Works (TWW) began the USD 20 million program to upgrade 63,258 water meters with smart water meters that allow for remote reading and a decrease in the estimated billing. These measures are in line with the modern tendencies towards the development of local water management strategies based on reliable data. Also, new technologies, such as Diehl Metering’s HYDRUS 2.0, which has LoRaWAN connectivity to improve efficiency in the management of water, are being developed, propelling the market growth.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.7% |
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Base Year Market Size (2024) |
USD 17.5 billion |
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Forecast Year Market Size (2037) |
USD 31.9 billion |
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Regional Scope |
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Meter Type (Mechanical Meters, Smart Meters);
In water metering market, smart meter segment is set to capture revenue share of over 93.4% by 2037. These meters offer information that is real-time, and hence there is accurate management of water usage. In July 2024, the Dubai Electricity and Water Authority (DEWA) revealed that it would install more than one million smart water meters in Dubai, which underlined its role in advanced water management. The use of smart meters has been on the rise due to the benefits that come with it, such as minimizing water losses, accurate billing, and promoting sustainability. Further, their integration with IoT platforms improves the water utility’s capability to manage supply and demand in a better way.
Meter Size (15mm, 20mm, 25mm, Others);
By 2037, 15mm segment is estimated to capture water metering market share of over 28.3% and is mainly used in residential applications. It has gained popularity owing to the low costs of implementation and integration with the existing household water supply systems. In May 2024, George Kent International unveiled the formation of its Vietnam branch, which will be engaged in the manufacturing of 15mm water meters with such features as automatic reading. This development is in conformity with the increasing need for efficient home water control products. In addition, improvements in the compactness and ease of installation are increasing the application of these meters in the urban residential sector.
Our in-depth analysis of the global water metering market includes the following segments:
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Meter Type |
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Meter Size |
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Component |
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End user |
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Asia Pacific Water Metering Market Statistics
By 2037, Asia Pacific water metering market is anticipated to capture over 37.3% share due to the large population and the high rate of urbanization in the region. According to the estimates, by November 2024, the region will account for 59% of the world’s population and more than 4.8 billion people, with India and China being the most populous countries and the leaders in population growth. This demographic shift leads to the increased usage of smart water metering systems to overcome the problems of resource management. Genus Power Infrastructures Limited entered into water management solutions in 2024 and its first consignment of Smart Ultrasonic Water Meters DN20 to Australia, which is an indication of the advanced smart water technologies in the region.
The water metering market in India is expanding owing to the increase in the urban population and the efforts made by the government to improve water management. The country has developed big smart city projects that have included an advanced metering infrastructure in water management to avoid wastage. In March 2024, the Jal Jeevan Mission laid down the target of providing water connections to 100 million households and this opened up demand for smart meters to monitor usage and billing. These measures show India’s concern for water resource management.
China leads the Asia Pacific water metering market attributed to its strong presence in urban infrastructure development coupled with the emphasis on technological improvement. Smart water meters are also being expanded by the government to increase resource usage efficiency and decrease non-revenue water. According to the Ministry of Housing and Urban-Rural Development, smart meters are to be introduced in 30 major cities in April 2024, increasing the usage rate. This initiative can be linked to country’s other objectives of enhancing the sustainability of urban development and enhancing the water supply networks.
North America Market Analysis
North America water metering market is likely to register growth of more than 4.9% from 2025 to 2037 due to the increasing use of AMR and AMI technologies. By 2022, the region had 86.5 million active advanced metering readout (AMR) and advanced metering infrastructure (AMI) endpoints in water utilities, out of which 38.0 million were AMI endpoints, resulting in a penetration rate of more than 33%. These developments demonstrate that North America is the leader in the implementation of smart water metering. In May 2023, Honeywell released the Next Generation Cellular Module (NXCM) allowing traditional meters to be converted into smart meters without any need for new network investment. Such innovations are still contributing to the development of the market by increasing efficiency and efficiency of water use.
The U.S. is the dominant player in the North America water metering market for AMR and AMI technologies, with significant investments. This has been made possible due to the enhanced use of smart meters in the management of water usage. In April 2024, the company cooperated with main cities to install advanced smart metering solutions that will help monitor water consumption in real-time and avoid the wastage of water. The government’s emphasis on developing new infrastructure and improving water management makes the U.S. a major force for development in the area.
The water metering market in Canada is rapidly developing thanks to the country’s focus on the efficient use of natural resources. Smart water meters are being used by more and more municipalities as a means of increasing efficiency and reducing the level of non-revenue water. In June 2023, Kamstrup partnered with one of the biggest utilities in Canada to install new ultrasonic water meters with analytics for improved water network performance. The demand for cleaner technologies and advanced infrastructure in water metering sustains Canada’s position in North America water metering market.
The water metering market is a highly competitive market with key industry players such as Badger Meter, Inc., Diehl Stiftung & Co. KG, Itron Inc., Honeywell International Inc., and Kamstrup. These companies are focusing on research and development to produce new and improved metering systems for the market. Collaborations and acquisitions are two major approaches used to enhance the company’s business functions and its market presence to meet the customers’ needs.
In December 2024, Diehl Metering purchased PREVENTIO GmbH, a German based start up company that deals with predictive maintenance and leakage management. This acquisition enhances Diehl’s analytics capability in leak detection as well as anomaly analysis in real time. Furthermore, the efforts to enhance the application of AI and IoT technologies in water metering systems are a clear indication of the industry’s shift toward innovation and efficiency.
Here are some leading companies in the water metering market:
Author Credits: Abhishek Verma
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