PUBLISHER: IMARC | PRODUCT CODE: 1642491
PUBLISHER: IMARC | PRODUCT CODE: 1642491
Smart Water Meter Market Report by Product, Meter Type, Configuration Type (Automated Meter Reading, Advanced Metering Infrastructure ), Component, Application, and Region 2025-2033
The global smart water meter market size reached USD 8.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 19.1 Billion by 2033, exhibiting a growth rate (CAGR) of 9.3% during 2025-2033. The market is experiencing steady growth driven by the growing concerns about water scarcity due to population growth, urbanization, and climate change, regulatory mandates and government policies to promote water conservation, and rising need for efficient water management.
Smart Water Meter Market Trends:
Growing water scarcity concerns
Water scarcity is a pressing global issue due to population growth, urbanization, and climate change. This concern is a significant driver for the smart water meter market. Smart water meters provide a solution to efficiently manage and conserve water resources. By offering real-time data on water consumption and leak detection, they empower utilities and consumers to take proactive measures to reduce water wastage. Governments and regulatory bodies worldwide are increasingly advocating for the adoption of smart water meters to address water scarcity challenges. This, in turn, is propelling the growth of the market, especially in regions prone to water shortages, as it aligns with sustainability goals and promotes responsible water management practices. As water scarcity is increasing, the demand for smart water meters is rising, making them a vital tool in ensuring sustainable water usage.
Regulatory mandates for water conservation
Regulatory mandates and government policies aimed at promoting water conservation play a crucial role in driving the smart water meter market. Many countries and regions are implementing strict regulations to monitor and reduce water consumption, especially in urban areas facing water stress. Smart water meters enable compliance with these regulations by providing accurate and timely data on water usage. They also facilitate fair billing practices, as consumers are billed based on their actual consumption, discouraging wasteful usage. In response to these regulatory pressures, utilities and municipalities are increasingly adopting smart water metering solutions to ensure compliance, avoid penalties, and demonstrate their commitment to sustainable water management. In addition, the need for regulatory compliance and the drive toward responsible water usage is impelling the growth of the market.
Efficient water management for utilities
The need for efficient water management is catalyzing the demand for smart water meters, particularly for water utilities and municipalities. Smart water meters offer utilities a powerful tool to optimize their operations and resources. These meters provide real-time data on water consumption, enabling utilities to detect leaks, identify unusual usage patterns, and plan maintenance more effectively. This leads to reduced water losses, lower operational costs, and improved service reliability. Additionally, the data collected by smart water meters can be used for demand forecasting, infrastructure planning, and informed decision-making. As utilities are striving to provide reliable water services while minimizing waste and operational expenses, the adoption of smart water meters is becoming increasingly appealing. Thus, the pursuit of efficient water management is bolstering the growth of the market.
Environmental sustainability initiatives
Environmental sustainability initiatives, both from public and private sectors, are driving the adoption of smart water meters. As people are becoming more conscious of environmental issues, there is a growing emphasis on reducing water wastage and conserving this precious resource. Smart water meters play a pivotal role in achieving these sustainability goals. They enable consumers to monitor their water usage in real-time, promoting conscious consumption and reducing water wastage. Additionally, by swiftly detecting leaks and irregularities, smart water meters prevent water loss, which aligns with sustainability objectives.
Smart Water Meter Industry Segmentation:
Breakup by Product:
Electromagnetic Meter
Ultrasonic Meter
Electromechanical Meter
Others
Electromechanical meter accounts for the majority of the market share
Breakup by Meter Type:
Smart Hot-Water Meter
Smart Cold-Water Meter
Smart cold-water meter holds the largest share in the industry
Breakup by Configuration Type:
Automated Meter Reading (AMR)
Advanced Metering Infrastructure (AMI)
Automated meter reading (AMR) represents the leading market segment
Breakup by Component:
Meters & Accessories
IT Solutions
Communication System
Meters and accessories represent the leading market segment
Breakup by Application:
Water Utilities
Commercial
Industrial
Residential
Residential represents the leading market segment
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America leads the market, accounting for the largest smart water meter market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
Badger Meter
Kamstrup A/S
Diehl Stiftung & Co. KG
Landis+Gyr
Aclara Technologies LLC (Hubbell Incorporated)
Sensus Worldwide Holdings Limited (Xylem Inc.)
Itron Inc.
Zenner International GmbH & Co. KG
Neptune Technology Group (Roper Technologies)
Key Questions Answered in This Report
- 1. What was the size of the global smart water meter market in 2024?
- 2. What is the expected growth rate of the global smart water meter market during 2025-2033?
- 3. What are the key factors driving the global smart water meter market?
- 4. What has been the impact of COVID-19 on the global smart water meter market?
- 5. What is the breakup of the global smart water meter market based on the product?
- 6. What is the breakup of the global smart water meter market based on the meter type?
- 7. What is the breakup of the global smart water meter market based on configuration type?
- 8. What is the breakup of the global smart water meter market based on the component?
- 9. What is the breakup of the global smart water meter market based on the application?
- 10. What are the key regions in the global smart water meter market?
- 11. Who are the key players/companies in the global smart water meter market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Smart Water Meter Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Electromagnetic Meter
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Ultrasonic Meter
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Electromechanical Meter
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Meter Type
- 7.1 Smart Hot-Water Meter
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Smart Cold-Water Meter
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Configuration Type
- 8.1 Automated Meter Reading (AMR)
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Advanced Metering Infrastructure (AMI)
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Component
- 9.1 Meters & Accessories
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 IT Solutions
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Communication System
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Application
- 10.1 Water Utilities
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Commercial
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Industrial
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Residential
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Indicators
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Badger Meter
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.1.3 Financials
- 16.3.1.4 SWOT Analysis
- 16.3.2 Kamstrup A/S
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.3 Diehl Stiftung & Co. KG
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.4 Landis+Gyr
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 SWOT Analysis
- 16.3.5 Aclara Technologies LLC (Hubbell Incorporated)
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.6 Sensus Worldwide Holdings Limited (Xylem Inc.)
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 SWOT Analysis
- 16.3.7 Itron Inc.
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 Financials
- 16.3.7.4 SWOT Analysis
- 16.3.8 Zenner International GmbH & Co. KG
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.9 Neptune Technology Group (Roper Technologies)
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 SWOT Analysis
- 16.3.1 Badger Meter
List of Figures
- Figure 1: Global: Smart Water Meter Market: Major Drivers and Challenges
- Figure 2: Global: Smart Water Meter Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Smart Water Meter Market: Breakup by Product (in %), 2024
- Figure 4: Global: Smart Water Meter Market: Breakup by Meter Type (in %), 2024
- Figure 5: Global: Smart Water Meter Market: Breakup by Configuration Type (in %), 2024
- Figure 6: Global: Smart Water Meter Market: Breakup by Component (in %), 2024
- Figure 7: Global: Smart Water Meter Market: Breakup by Application (in %), 2024
- Figure 8: Global: Smart Water Meter Market: Breakup by Region (in %), 2024
- Figure 9: Global: Smart Water Meter Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 10: Global: Smart Water Meter (Electromagnetic Meter) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Smart Water Meter (Electromagnetic Meter) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Smart Water Meter (Ultrasonic Meter) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Smart Water Meter (Ultrasonic Meter) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Smart Water Meter (Electromechanical Meter) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Smart Water Meter (Electromechanical Meter) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Smart Water Meter (Other Products) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Smart Water Meter (Other Products) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Smart Water Meter (Smart Hot-Water Meter) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Smart Water Meter (Smart Hot-Water Meter) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Smart Water Meter (Smart Cold-Water Meter) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Smart Water Meter (Smart Cold-Water Meter) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Smart Water Meter (Automated Meter Reading- AMR) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Smart Water Meter (Automated Meter Reading- AMR) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Smart Water Meter (Advanced Metering Infrastructure- AMI) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Smart Water Meter (Advanced Metering Infrastructure- AMI) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Smart Water Meter (Meters & Accessories) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Smart Water Meter (Meters & Accessories) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Smart Water Meter (IT Solutions) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Smart Water Meter (IT Solutions) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: Global: Smart Water Meter (Communication Systems) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: Global: Smart Water Meter (Communication Systems) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: Global: Smart Water Meter (Water Utilities) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: Global: Smart Water Meter (Water Utilities) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: Global: Smart Water Meter (Commercial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: Global: Smart Water Meter (Commercial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: Global: Smart Water Meter (Industrial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: Global: Smart Water Meter (Industrial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: Global: Smart Water Meter (Residential) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: Global: Smart Water Meter (Residential) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: North America: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: North America: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: United States: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: United States: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: Canada: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: Canada: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: Asia Pacific: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: Asia Pacific: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: China: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: China: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Japan: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Japan: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: India: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: India: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: South Korea: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: South Korea: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: Australia: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: Australia: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: Indonesia: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: Indonesia: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: Others: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: Others: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Europe: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Europe: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Germany: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Germany: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: France: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: France: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: United Kingdom: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: United Kingdom: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Italy: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Italy: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Spain: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Spain: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Russia: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: Russia: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Others: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 77: Others: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 78: Latin America: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 79: Latin America: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 80: Brazil: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 81: Brazil: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 82: Mexico: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 83: Mexico: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 84: Others: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 85: Others: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 86: Middle East and Africa: Smart Water Meter Market: Sales Value (in Million USD), 2019 & 2024
- Figure 87: Middle East and Africa: Smart Water Meter Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 88: Global: Smart Water Meter Industry: SWOT Analysis
- Figure 89: Global: Smart Water Meter Industry: Value Chain Analysis
- Figure 90: Global: Smart Water Meter Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Smart Water Meter Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Smart Water Meter Market Forecast: Breakup by Product (in Million USD), 2025-2033
- Table 3: Global: Smart Water Meter Market Forecast: Breakup by Meter Type (in Million USD), 2025-2033
- Table 4: Global: Smart Water Meter Market Forecast: Breakup by Configuration Type (in Million USD), 2025-2033
- Table 5: Global: Smart Water Meter Market Forecast: Breakup by Component (in Million USD), 2025-2033
- Table 6: Global: Smart Water Meter Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 7: Global: Smart Water Meter Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 8: Global: Smart Water Meter Market: Competitive Structure
- Table 9: Global: Smart Water Meter Market: Key Players
