Smart Water Meters Market – Trends Forecast Till 2031

Market Snapshot

Market Overview

The global Smart Water Meters Market size was estimated at USD 4,638 million in 2024 and is projected to reach USD 10,776.9 million in 2031 at a CAGR of 12.8 % during the forecast period 2025-2031.

The smart water meters market refers to the adoption and integration of advanced metering infrastructure that enables real-time monitoring and management of water consumption. These devices use digital technologies, sensors, and communication networks to provide accurate readings, often through remote or automated systems. This allows for more efficient water management, reduction in wastage, and better customer engagement. Smart water meters can track consumption patterns, detect leaks, and provide valuable data for both consumers and utility providers, making them an essential tool for improving water conservation efforts and infrastructure management.

The scope of the smart water meters market extends across residential, commercial, and industrial sectors. These systems are particularly valuable in urban areas with aging infrastructure, where leaks and inefficiencies are common. Utilities are increasingly adopting smart water meters to enhance billing accuracy, reduce operational costs, and improve overall service quality. Additionally, smart water meters play a critical role in the sustainable management of water resources, aligning with global efforts to combat water scarcity. As more cities and municipalities shift toward smart city solutions, the demand for smart water meters continues to rise, offering new opportunities for growth in this market.

Recent trends indicate a significant rise in the adoption of Internet of Things (IoT)-enabled water meters, which allow for seamless data transmission and remote monitoring. The integration of cloud-based platforms and big data analytics is also becoming more common, enabling utilities to gain deeper insights into consumption patterns and optimize their operations. Moreover, there is a growing emphasis on the development of user-friendly mobile apps that allow consumers to track their water usage, set goals, and receive alerts about abnormal consumption or potential leaks. These innovations are driving increased interest and investment in smart water metering technologies.

Several key drivers are fueling the growth of the smart water meters market. Increasing concerns about water conservation and the need for efficient resource management are central to the market's expansion. Regulatory pressures around accurate metering, billing transparency, and environmental sustainability are also motivating utilities to adopt smarter solutions. Additionally, the rising global urbanization and population growth are putting added pressure on water supply systems, driving the demand for innovative technologies. Finally, advancements in wireless communication and sensor technologies are reducing costs and improving the affordability and reliability of smart water meters, making them accessible to a broader range of consumers and municipalities.

Delvens Industry Expert's Standpoint

Experts in the Smart Water Meters Market highlight several key trends driving growth and innovation. The smart water meters market is expanding as the need for efficient water management rises, fueled by advancements in digital technologies, IoT, and big data analytics. These systems enable real-time monitoring, leak detection, and accurate billing, benefiting both consumers and utilities. The growing focus on sustainability, water conservation, and regulatory demands for transparent metering is driving adoption across residential, commercial, and industrial sectors. Additionally, the rise of urbanization and aging infrastructure, along with advancements in wireless communication and sensor technologies, is further accelerating the market's growth, making smart water meters more accessible and cost-effective.

Market Portfolio

Key Findings

• The ultrasonic water meters segment is poised for substantial growth due to their superior accuracy and advanced monitoring capabilities. These meters utilize sensors to measure water velocity, which is then converted into flow rate. An ultrasonic sound wave is transmitted through a transducer to gauge the velocity and volume of water flowing through the meter. A standout feature of ultrasonic meters is their remote reading capability, which eliminates the need for additional devices. This feature not only accelerates data collection but also enhances resource distribution and minimizes the chances of incorrect readings and unnecessary follow-ups. Among the three types of meters analyzed in this study, ultrasonic meters are experiencing the most rapid growth, driven by their high precision and seamless integration with communication technologies and IoT.

• AMI (Advanced Metering Infrastructure) is expected to dominate the smart water meters market by technology, holding the largest share globally. AMI consists of automated small devices that collect data on water usage while enabling two-way communication between the metering devices and utility personnel, either on demand or on a fixed schedule. This technology simplifies remote communication through an electronic interface, integrating hardware and software to deliver effective solutions. AMI is particularly well-suited for use with ultrasonic and electromagnetic water meters, as these meters are equipped with encoders, registers, and transmitters for efficient monitoring of water consumption. The data gathered can be transmitted through various fixed networks, including BPL, PLC, RF networks, and public networks such as landline, cellular, and paging systems. With the growing acceptance of advanced meters, AMI technology is seen as a key driver in reducing the need for manual intervention and enabling automated operations.

• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America region is projected to hold the largest market share. Factors such as increasing water scarcity concerns, rising demand for water management solutions, technological advancements, government initiatives, IoT adoption, enhanced accuracy, water wastage reduction, sustainability awareness, smart city integration, and cost savings for utility providers have triggered the Smart Water Meters Market in the region.

Regional Analysis

• The ultrasonic water meters segment is poised for substantial growth due to their superior accuracy and advanced monitoring capabilities. These meters utilize sensors to measure water velocity, which is then converted into flow rate. An ultrasonic sound wave is transmitted through a transducer to gauge the velocity and volume of water flowing through the meter. A standout feature of ultrasonic meters is their remote reading capability, which eliminates the need for additional devices. This feature not only accelerates data collection but also enhances resource distribution and minimizes the chances of incorrect readings and unnecessary follow-ups. Among the three types of meters analyzed in this study, ultrasonic meters are experiencing the most rapid growth, driven by their high precision and seamless integration with communication technologies and IoT.

• AMI (Advanced Metering Infrastructure) is expected to dominate the smart water meters market by technology, holding the largest share globally. AMI consists of automated small devices that collect data on water usage while enabling two-way communication between the metering devices and utility personnel, either on demand or on a fixed schedule. This technology simplifies remote communication through an electronic interface, integrating hardware and software to deliver effective solutions. AMI is particularly well-suited for use with ultrasonic and electromagnetic water meters, as these meters are equipped with encoders, registers, and transmitters for efficient monitoring of water consumption. The data gathered can be transmitted through various fixed networks, including BPL, PLC, RF networks, and public networks such as landline, cellular, and paging systems. With the growing acceptance of advanced meters, AMI technology is seen as a key driver in reducing the need for manual intervention and enabling automated operations.

• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America region is projected to hold the largest market share. Factors such as increasing water scarcity concerns, rising demand for water management solutions, technological advancements, government initiatives, IoT adoption, enhanced accuracy, water wastage reduction, sustainability awareness, smart city integration, and cost savings for utility providers have triggered the Smart Water Meters Market in the region.

Competitive Landscape

• Badger Meter, Inc.
• Sensus (Xylem)
• Diehl Stiftung & Co. KG.
• Landis+Gyr
• Itron Inc.
• Aclara (Hubbell)
• Kamstrup
• Apator SA
• Arad Group
• Honeywell International Inc.
• Iskraemeco Group
• Neptune Technology Group Inc.
• ZENNER International GmbH & Co.KG
• Sagemcom
• Wasion Holdings International
• B METERS srl
• Baylan Water Meters
• WeGoT Utility Solutions
• Axioma Metering
• Conservation Labs Inc.
• INTEGRA Holdings
• STMicroelectronics
• BOVE Technology

Recent Developments

• In November 2024, Diehl acquired PREVENTIO GmbH, a German tech startup specializing in leakage management and predictive maintenance. This acquisition will strengthen Diehl Metering’s real-time leak detection capabilities and expand its Analytics & Services portfolio.

• In October 2023, Iskraemeco unveiled the Iskrasonic IW, an innovative ultrasonic water meter that marks a significant technological advancement. The meter offers superior accuracy, durability, and enhanced data connectivity, representing a shift from traditional mechanical meters to more advanced digital solutions.

• In October 2024, Bmeters srl introduced the HYDRODIGIT-M1, a new smart digital multi-jet water meter.

• In March 2024, Kamstrup established its new North American headquarters and manufacturing facility in Forsyth County, Georgia.

Reasons to Acquire

• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
• Gain authentic and granular data access for the Smart Water Meters Market to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope