North America Smart Water Meters Market Size, Share & Industry Analysis Report By Technology, By Meter Type, By Application, By Country and Growth Forecast, 2025

List of Tables

The North America Smart Water Meters Market would witness market growth of 9.4% CAGR during the forecast period (2025-2032).

The US market dominated the North America Smart Water Meters Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $4,874.5 million by 2032. The Canada market is experiencing a CAGR of 11.7% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 10.4% during (2025 - 2032).

The smart water meters market is also witnessing rapid innovation in hardware design, communication technologies, and user interfaces. Meter manufacturers are developing ultra-low-power devices that can operate for years on a single battery, reducing maintenance costs and environmental impact. The proliferation of communication options-including radio frequency (RF), cellular, LoRaWAN, NB-IoT, and Zigbee-enables utilities to choose the most appropriate technology for their geographic, topological, and operational needs.

Moreover, hybrid communication architectures that combine several protocols ensure network resilience, coverage, and scalability, particularly in rural or challenging environments. User interfaces are becoming more intuitive, with visually rich dashboards, voice-activated controls, and multilingual support that cater to diverse user populations. Augmented reality (AR) and virtual reality (VR) technologies are even being explored for remote meter maintenance and operator training, heralding a new era of digital workforce enablement.

Canada's smart water meters market is expanding rapidly, driven by its commitment to modernizing water infrastructure and addressing water conservation needs. With a growing urban population and increasing pressure on water resources, Canadian municipalities are adopting smart water meters to improve efficiency and reduce non-revenue water. Cities like Toronto have mandated smart meter installations, creating a robust domestic market. These devices, integrated with IoT and data analytics, enable real-time monitoring, leak detection, and accurate billing, aligning with Canada's sustainability goals and smart city initiatives.

Mexico's smart water meters market is growing steadily, driven by the need to address water scarcity and modernize aging infrastructure. With over 80% of the population in urban areas and significant water stress in regions like Mexico City, smart water meters are critical for reducing non-revenue water and improving resource management. These devices, equipped with IoT and remote monitoring, enable utilities to detect leaks, optimize distribution, and enhance billing accuracy, supporting Mexico's efforts to achieve sustainable water use in the face of rapid urbanization.

Based on Technology, the market is segmented into AMR, and AMI. Based on Meter Type, the market is segmented into Electromagnetic Meter, Ultrasonic Meter, and Mechanical Meter. Based on Application, the market is segmented into Residential, Commercial, and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Itron, Inc.
Neptune Technology Group Inc. (Roper Technologies, Inc.)
Honeywell International Inc.
Badger Meter, Inc.
Landis+Gyr Group AG
Hubbell Incorporated
Arad Group
Diehl Stiftung & Co. KG
B METERS S.R.L.
Xylem, Inc. (Sensus)

North America Smart Water Meters Market Report Segmentation

By Technology

By Meter Type

Electromagnetic Meter
Ultrasonic Meter
Mechanical Meter

By Application

Residential
Commercial
Industrial

By Country

US
Canada
Mexico
Rest of North America

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Smart Water Meters Market, by Technology
- 1.4.2 North America Smart Water Meters Market, by Meter Type
- 1.4.3 North America Smart Water Meters Market, by Application
- 1.4.4 North America Smart Water Meters Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global

4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2024
4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
4.5 Porter Five Forces Analysis

Chapter 5. Value Chain Analysis of Smart Water Meters Market

5.1 Research & Development (R&D):
5.2 Component Sourcing & Procurement:
5.3 Manufacturing & Assembly:
5.4 Software Development & Integration:
5.5 Marketing & Sales:
5.6 Distribution & Logistics:
5.7 Installation & Deployment:
5.8 Post-Sales Services & Support:
5.9 Data Management & Monetization:

Chapter 6. Key Customer Criteria of Smart Water Meters Market

Chapter 7. North America Smart Water Meters Market by Technology

7.1 North America AMR Market by Country
7.2 North America AMI Market by Country

Chapter 8. North America Smart Water Meters Market by Meter Type

8.1 North America Electromagnetic Meter Market by Country
8.2 North America Ultrasonic Meter Market by Country
8.3 North America Mechanical Meter Market by Country

Chapter 9. North America Smart Water Meters Market by Application

9.1 North America Residential Market by Country
9.2 North America Commercial Market by Country
9.3 North America Industrial Market by Country

Chapter 10. North America Smart Water Meters Market by Country

10.1 US Smart Water Meters Market
- 10.1.1 US Smart Water Meters Market by Technology
- 10.1.2 US Smart Water Meters Market by Meter Type
- 10.1.3 US Smart Water Meters Market by Application
10.2 Canada Smart Water Meters Market
- 10.2.1 Canada Smart Water Meters Market by Technology
- 10.2.2 Canada Smart Water Meters Market by Meter Type
- 10.2.3 Canada Smart Water Meters Market by Application
10.3 Mexico Smart Water Meters Market
- 10.3.1 Mexico Smart Water Meters Market by Technology
- 10.3.2 Mexico Smart Water Meters Market by Meter Type
- 10.3.3 Mexico Smart Water Meters Market by Application
10.4 Rest of North America Smart Water Meters Market
- 10.4.1 Rest of North America Smart Water Meters Market by Technology
- 10.4.2 Rest of North America Smart Water Meters Market by Meter Type
- 10.4.3 Rest of North America Smart Water Meters Market by Application

Chapter 11. Company Profiles

11.1 Itron, Inc.
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Segmental and Regional Analysis
- 11.1.4 Research & Development Expenses
- 11.1.5 Recent strategies and developments:
  - 11.1.5.1 Partnerships, Collaborations, and Agreements:
11.2 Neptune Technology Group, Inc. (Roper Technologies, Inc.)
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Segmental and Regional Analysis
- 11.2.4 Research & Development Expenses
11.3 Honeywell International, Inc.
- 11.3.1 Company Overview
- 11.3.2 Financial Analysis
- 11.3.3 Segmental and Regional Analysis
- 11.3.4 Research & Development Expenses
- 11.3.5 Recent strategies and developments:
  - 11.3.5.1 Product Launches and Product Expansions:
- 11.3.6 SWOT Analysis
11.4 Badger Meter, Inc.
- 11.4.1 Company Overview
- 11.4.2 Financial Analysis
- 11.4.3 Regional Analysis
- 11.4.4 Research & Development Expenses
- 11.4.5 Recent strategies and developments:
  - 11.4.5.1 Acquisition and Mergers:
11.5 Landis+Gyr Group AG
- 11.5.1 Company Overview
- 11.5.2 Financial Analysis
- 11.5.3 Regional Analysis
- 11.5.4 Research and Development Expense
- 11.5.5 Recent strategies and developments:
  - 11.5.5.1 Product Launches and Product Expansions:
11.6 Hubbell Incorporated
- 11.6.1 Company Overview
- 11.6.2 Financial Analysis
- 11.6.3 Segmental and Regional Analysis
- 11.6.4 Research & Development Expenses
- 11.6.5 SWOT Analysis
11.7 Arad Group
- 11.7.1 Company Overview
11.8 Diehl Stiftung & Co. KG
- 11.8.1 Company Overview
- 11.8.2 Financial Analysis
- 11.8.3 Research & Development Expense
- 11.8.4 Recent strategies and developments:
  - 11.8.4.1 Product Launches and Product Expansions:
  - 11.8.4.2 Acquisition and Mergers:
11.9 B METERS S.R.L.
- 11.9.1 Company Overview
11.10. Xylem, Inc. (Sensus)
- 11.10.1 Company Overview
- 11.10.2 Financial Analysis
- 11.10.3 Segmental and Regional Analysis
- 11.10.4 Research & Development Expense
- 11.10.5 Recent strategies and developments:
  - 11.10.5.1 Product Launches and Product Expansions:
  - 11.10.5.2 Acquisition and Mergers:
- 11.10.6 SWOT Analysis

LIST OF TABLES

TABLE 1 North America Smart Water Meters Market, 2021 - 2024, USD Million
TABLE 2 North America Smart Water Meters Market, 2025 - 2032, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Smart Water Meters Market
TABLE 4 Product Launches And Product Expansions- Smart Water Meters Market
TABLE 5 Acquisition and Mergers- Smart Water Meters Market
TABLE 6 Key Customer Criteria of Smart Water Meters Market
TABLE 7 North America Smart Water Meters Market by Technology, 2021 - 2024, USD Million
TABLE 8 North America Smart Water Meters Market by Technology, 2025 - 2032, USD Million
TABLE 9 North America AMR Market by Country, 2021 - 2024, USD Million
TABLE 10 North America AMR Market by Country, 2025 - 2032, USD Million
TABLE 11 North America AMI Market by Country, 2021 - 2024, USD Million
TABLE 12 North America AMI Market by Country, 2025 - 2032, USD Million
TABLE 13 Use Case 1: Smart Water Meter Deployment with AMR Technology for Municipal Water Management (2025)
TABLE 14 Use Case 2: AMI-Based Smart Water Meter Deployment for Real-Time Water Management in Smart Cities (2025)
TABLE 15 North America Smart Water Meters Market by Meter Type, 2021 - 2024, USD Million
TABLE 16 North America Smart Water Meters Market by Meter Type, 2025 - 2032, USD Million
TABLE 17 North America Electromagnetic Meter Market by Country, 2021 - 2024, USD Million
TABLE 18 North America Electromagnetic Meter Market by Country, 2025 - 2032, USD Million
TABLE 19 North America Ultrasonic Meter Market by Country, 2021 - 2024, USD Million
TABLE 20 North America Ultrasonic Meter Market by Country, 2025 - 2032, USD Million
TABLE 21 North America Mechanical Meter Market by Country, 2021 - 2024, USD Million
TABLE 22 North America Mechanical Meter Market by Country, 2025 - 2032, USD Million
TABLE 23 Use Case 1: Electromagnetic Smart Water Meter Deployment for Industrial Water Management (2025)
TABLE 24 Use Case 2: Ultrasonic Smart Water Meter Deployment for Urban Residential Water Management (2025)
TABLE 25 Use Case 3: Mechanical Smart Water Meter Deployment for Rural Water Utility Management (2025)
TABLE 26 North America Smart Water Meters Market by Application, 2021 - 2024, USD Million
TABLE 27 North America Smart Water Meters Market by Application, 2025 - 2032, USD Million
TABLE 28 North America Residential Market by Country, 2021 - 2024, USD Million
TABLE 29 North America Residential Market by Country, 2025 - 2032, USD Million
TABLE 30 North America Commercial Market by Country, 2021 - 2024, USD Million
TABLE 31 North America Commercial Market by Country, 2025 - 2032, USD Million
TABLE 32 North America Industrial Market by Country, 2021 - 2024, USD Million
TABLE 33 North America Industrial Market by Country, 2025 - 2032, USD Million
TABLE 34 Use Case 1: Residential Smart Water Meter Deployment for Urban Water Conservation (2025)
TABLE 35 Use Case 2: Commercial Smart Water Meter Deployment for Shopping Mall Water Management (2025)
TABLE 36 Use Case 3: Industrial Smart Water Meter Deployment for Manufacturing Plant Efficiency (2025)
TABLE 37 North America Smart Water Meters Market by Country, 2021 - 2024, USD Million
TABLE 38 North America Smart Water Meters Market by Country, 2025 - 2032, USD Million
TABLE 39 US Smart Water Meters Market, 2021 - 2024, USD Million
TABLE 40 US Smart Water Meters Market, 2025 - 2032, USD Million
TABLE 41 US Smart Water Meters Market by Technology, 2021 - 2024, USD Million
TABLE 42 US Smart Water Meters Market by Technology, 2025 - 2032, USD Million
TABLE 43 US Smart Water Meters Market by Meter Type, 2021 - 2024, USD Million
TABLE 44 US Smart Water Meters Market by Meter Type, 2025 - 2032, USD Million
TABLE 45 US Smart Water Meters Market by Application, 2021 - 2024, USD Million
TABLE 46 US Smart Water Meters Market by Application, 2025 - 2032, USD Million
TABLE 47 Canada Smart Water Meters Market, 2021 - 2024, USD Million
TABLE 48 Canada Smart Water Meters Market, 2025 - 2032, USD Million
TABLE 49 Canada Smart Water Meters Market by Technology, 2021 - 2024, USD Million
TABLE 50 Canada Smart Water Meters Market by Technology, 2025 - 2032, USD Million
TABLE 51 Canada Smart Water Meters Market by Meter Type, 2021 - 2024, USD Million
TABLE 52 Canada Smart Water Meters Market by Meter Type, 2025 - 2032, USD Million
TABLE 53 Canada Smart Water Meters Market by Application, 2021 - 2024, USD Million
TABLE 54 Canada Smart Water Meters Market by Application, 2025 - 2032, USD Million
TABLE 55 Mexico Smart Water Meters Market, 2021 - 2024, USD Million
TABLE 56 Mexico Smart Water Meters Market, 2025 - 2032, USD Million
TABLE 57 Mexico Smart Water Meters Market by Technology, 2021 - 2024, USD Million
TABLE 58 Mexico Smart Water Meters Market by Technology, 2025 - 2032, USD Million
TABLE 59 Mexico Smart Water Meters Market by Meter Type, 2021 - 2024, USD Million
TABLE 60 Mexico Smart Water Meters Market by Meter Type, 2025 - 2032, USD Million
TABLE 61 Mexico Smart Water Meters Market by Application, 2021 - 2024, USD Million
TABLE 62 Mexico Smart Water Meters Market by Application, 2025 - 2032, USD Million
TABLE 63 Rest of North America Smart Water Meters Market, 2021 - 2024, USD Million
TABLE 64 Rest of North America Smart Water Meters Market, 2025 - 2032, USD Million
TABLE 65 Rest of North America Smart Water Meters Market by Technology, 2021 - 2024, USD Million
TABLE 66 Rest of North America Smart Water Meters Market by Technology, 2025 - 2032, USD Million
TABLE 67 Rest of North America Smart Water Meters Market by Meter Type, 2021 - 2024, USD Million
TABLE 68 Rest of North America Smart Water Meters Market by Meter Type, 2025 - 2032, USD Million
TABLE 69 Rest of North America Smart Water Meters Market by Application, 2021 - 2024, USD Million
TABLE 70 Rest of North America Smart Water Meters Market by Application, 2025 - 2032, USD Million
TABLE 71 Key Information - Itron, Inc.
TABLE 72 Key Information - Neptune Technology Group, Inc.
TABLE 73 Key Information - Honeywell International, Inc.
TABLE 74 Key Information - Badger Meter, Inc.
TABLE 75 Key Information - Landis+Gyr Group AG
TABLE 76 Key Information - Hubbell Incorporated
TABLE 77 key Information - Arad Group
TABLE 78 Key Information - Diehl Stiftung & Co. KG
TABLE 79 Key Information - B METERS S.R.L.
TABLE 80 key information - Xylem, Inc.

LIST OF FIGURES

FIG 1 Methodology for the research
FIG 2 North America Smart Water Meters Market, 2021 - 2032, USD Million
FIG 3 Key Factors Impacting Smart Water Meters Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2024
FIG 6 Key Leading Strategies: Percentage Distribution (2021-2025)
FIG 7 Porter's Five Forces Analysis - Smart Water Meters Market
FIG 8 Value Chain Analysis of Smart Water Meters Market
FIG 9 Key Customer Criteria of Smart Water Meters Market
FIG 10 North America Smart Water Meters Market share by Technology, 2024
FIG 11 North America Smart Water Meters Market share by Technology, 2032
FIG 12 North America Smart Water Meters Market by Technology, 2021 - 2032, USD Million
FIG 13 North America Smart Water Meters Market share by Meter Type, 2024
FIG 14 North America Smart Water Meters Market share by Meter Type, 2032
FIG 15 North America Smart Water Meters Market by Meter Type, 2021 - 2032, USD Million
FIG 16 North America Smart Water Meters Market share by Application, 2024
FIG 17 North America Smart Water Meters Market share by Application, 2032
FIG 18 North America Smart Water Meters Market by Application, 2021 - 2032, USD Million
FIG 19 North America Smart Water Meters Market share by Country, 2024
FIG 20 North America Smart Water Meters Market share by Country, 2032
FIG 21 North America Smart Water Meters Market by Country, 2021 - 2032, USD Million
FIG 22 SWOT Analysis: Honeywell international, inc.
FIG 23 SWOT Analysis: Hubbell Incorporated
FIG 24 Recent strategies and developments: Diehl Stiftung & Co. KG
FIG 25 Recent strategies and developments: Xylem, Inc.
FIG 26 Swot Analysis: Xylem, Inc.

North America Smart Water Meters Market Size, Share & Industry Analysis Report By Technology, By Meter Type, By Application, By Country and Growth Forecast, 2025 - 2032

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