Smart Water Meters Market Growth, Demand and Forecast 2034
Global Smart Water Meters Market Growth, Size, Trends Analysis- By Meter Type, By Technology, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: SEMI2561 | Pages: 1 - 262 | Formats*: |
| Category : Semiconductor and Electronics | |||
Global Smart Water Meters Market Introduction and Overview
According to SPER Market Research, the Global Smart Water Meters Market is estimated to reach USD 24.69 billion by 2034 with a CAGR 10.56%.
The report includes an in-depth analysis of the Global Smart Water Meters Market, including market size and trends, product mix, Applications, and supplier analysis. The global Smart Water Meters Market was valued at USD 9051.4 million in 2024 and is expected to grow at a CAGR of over 10.56% from 2025 to 2034. The smart water meter industry focuses on advanced metering systems that offer real-time, accurate monitoring of water consumption. Unlike traditional meters, these devices use digital technology, sensors, and communication modules for remote data collection, leak detection, and usage alerts. This enables utilities to optimize distribution, minimize losses, and enhance billing accuracy, while helping consumers better manage water use. Technological innovations—including IoT, AI, and data analytics—further boost performance by enabling predictive maintenance, improving data accuracy, and increasing overall operational efficiency in water management systems.
By Meter Type:
Electromagnetic meters dominate the smart water meter market due to their high accuracy, long-term stability, and ability to operate without moving parts. They are well-suited for large pipe systems and harsh water conditions, making them ideal for urban and industrial use. Their seamless integration with remote monitoring and smart water management systems supports growing demand as utilities focus on digitalization and efficiency. Meanwhile, ultrasonic meters are gaining traction for their maintenance-free, non-mechanical design and reliable performance. Their compatibility with smart infrastructure and emphasis on water conservation further drive adoption across modern utilities.
By Technology:
The automatic meter reading (AMR) segment leads the market due to increasing demand for efficient water management and the need to reduce water loss through real-time, accurate data collection. Urbanization and infrastructure development are pushing utilities to modernize, while AMR reduces labor, operational costs, and human error. Regulatory pressure and sustainability goals also drive adoption, along with consumer demand for transparent billing. Meanwhile, advanced metering infrastructure (AMI) is rapidly expanding, offering enhanced features like leak detection, remote monitoring, and IoT integration. These capabilities boost efficiency, accuracy, and compliance in smart water management.
By Application:
The residential segment led the market, driven by growing awareness of water conservation and the need for precise billing. Smart water meters in homes allow real-time monitoring of water usage, enabling early leak detection and reduced wastage. Government regulations and the rise of smart city initiatives are accelerating adoption in residential areas. As technologies like IoT and data analytics continue to advance, the integration of these meters into smart home systems is expected to increase. This trend supports steady market growth as households prioritize efficiency and sustainable water management.
Regional Insights:
North America led the smart water meter market, driven by a combination of aging infrastructure, environmental concerns, and technological advancements. Utilities across the region are adopting smart meters to reduce leaks, enhance operational efficiency, and enable real-time monitoring and proactive maintenance. Water scarcity, especially in drought-prone areas like California and the Southwest, has further emphasized the need for accurate consumption tracking and conservation efforts, supported by regulations and tiered pricing. Meanwhile, Asia Pacific is expected to experience the fastest growth, as countries in the region increasingly integrate smart meters into broader digital transformation strategies aimed at improving sustainability and modernizing infrastructure.
Market Competitive Landscape:
The global Smart Water Meters Market is moderately fragmented. some of the market key players are Aclara Technologies LLC (Hubbell), BMETERS Srl, Diehl Stiftung & Co. KG, Datamatics Global Services Limited, Honeywell International Inc., Badger Meter, Inc., Itron Inc., Kamstrup A/S, Landis+Gyr, and Xylem (Sensus).
Recent Developments:
In March 2024, BMETERS launched the HYDRODIGIT-M1, a smart digital multi-jet water meter with an 8-digit display, inductive transmission, and built-in wireless M-BUS and LoRa. It supports DN15–DN50 sizes and features a 360° rotating dial for easy reading.
In March 2023, STACKFORCE GmbH and Diehl Metering formed a strategic partnership to advance smart metering and IoT connectivity by combining STACKFORCE’s LPWA expertise with Diehl Metering’s smart metering solutions, aiming to boost global adoption of the mioty LPWAN standard.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Meter Type, By Technology, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Aclara Technologies LLC (Hubbell), BMETERS Srl, Diehl Stiftung & Co. KG, Datamatics Global Services Limited, Honeywell International Inc., Badger Meter, Inc., Itron Inc., Kamstrup A/S, Landis+Gyr, and Xylem (Sensus). |
Key Topics Covered in the Report
- Global Smart Water Meters Market Size (FY’2021-FY’2034)
- Overview of Global Smart Water Meters Market
- Segmentation of Global Smart Water Meters Market By Meter Type (Electromagnetic Meter, Ultrasonic Meter, Mechanical Meter)
- Segmentation of Global Smart Water Meters Market By Technology (AMR, AMI)
- Segmentation of Global Smart Water Meters Market By Application (Residential, Commercial, Industrial)
- Statistical Snap of Global Smart Water Meters Market
- Expansion Analysis of Global Smart Water Meters Market
- Problems and Obstacles in Global Smart Water Meters Market
- Competitive Landscape in the Global Smart Water Meters Market
- Details on Current Investment in Global Smart Water Meters Market
- Competitive Analysis of Global Smart Water Meters Market
- Prominent Players in the Global Smart Water Meters Market
- SWOT Analysis of Global Smart Water Meters Market
- Global Smart Water Meters Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Smart Water Meters Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Smart Water Meters Market
7.Global Smart Water Meters Market, By Meter Type, (USD Million) 2021-2034
7.1.Electromagnetic Meter7.2.Ultrasonic Meter7.3.Mechanical Meter
8.Global Smart Water Meters Market, By Technology, (USD Million) 2021-2034
8.1.AMR8.2.AMI
9.Global Smart Water Meters Market, By Application, (USD Million) 2021-2034
9.1.Residential9.2.Commercial9.3.Industrial
10.Global Smart Water Meters Market, (USD Million) 2021-2034
10.1.Global Smart Water Meters Market Size and Market Share
11.Global Smart Water Meters Market, By Region, 2021-2034 (USD Million)
11.1.Asia-Pacific
11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific
11.2.Europe
11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe
11.3.Middle East and Africa
11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa
11.4.North America
11.4.1.Canada11.4.2.Mexico11.4.3.United States
11.5.Latin America
11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.Aclara Technologies LLC. (Hubbell)
12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments
12.2.BMETERS Srl
12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments
12.3.Diehl Stiftung & Co. KG
12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments
12.4.Datamatics Global Services Limited
12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments
12.5.Honeywell International Inc.
12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments
12.6.Badger Meter, Inc.
12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments
12.7.Itron Inc.
12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments
12.8.Kamstrup A/S
12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments
12.9.Landis+Gyr.
12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments
12.10.Xylem (Sensus)
12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments
12.11.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Smart Water Meters Market size from 2025. The Market is expected to reach USD 24.69 billion by 2034, at a CAGR of 10.56% during the forecast period.
Smart Water Meters Market CAGR of 10.56% during the forecast period.
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Smart Water Meters Market size is USD 24.69 billion from 2025 to 2034.
Smart Water Meters Market covered By Meter Type, By Technology, By Application
The North America is anticipated to have the highest Market share in the Smart Water Meters Market.
Aclara Technologies LLC (Hubbell), BMETERS Srl, Diehl Stiftung & Co. KG, Datamatics Global Services Limited, Honeywell International Inc., Badger Meter, Inc., Itron Inc., Kamstrup A/S, Landis+Gyr, and Xylem (Sensus).
The report includes an in-depth analysis of the Global Smart Water Meters Market, including market size and trends, product mix, Applications, and supplier analysis.
Smart Water Meters Market is projected to reach USD 24.69 billion by 2034, growing at a CAGR of 10.56% during the forecast period.
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