PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2174820
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2174820
The smart water meter market is projected to grow from USD 6.06 billion in 2026 to USD 10.05 billion by 2031, at a CAGR of 10.6% during the forecast period. The market for smart water meters is predicted to experience significant growth during the projected period as the demand for water conservation, reduction of non-revenue water, and modernization of the increasingly aging water distribution system is growing. Water utilities and municipalities are progressively using smart meters to retrieve precise and on-time measurements of consumption, spot leaks, facilitate billing process, and monitor water usage remotely.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2021-2031 |
| Base Year | 2025 |
| Forecast Period | 2026-2031 |
| Units Considered | Value (USD Million/Billion) |
| Segments | Technology, Meter Type, Application |
| Regions covered | North America, South America, Europe, Asia Pacific, Middle East & Africa |
Moreover, the necessity to enhance operational efficiency, reinforce water resources management, and implement automatic reading of meters and advanced metering infrastructure will further enhance the demand for IoT-enabled technologies and solutions, including ultrasonic, electromagnetic, and smart mechanical meters.

"Ultrasonic meters, by technology, are expected to maintain their leading position throughout the forecast period."
It is anticipated that ultrasonic meters will continue to be a leading technology in the smart water meter market due to their excellent accuracy in measurement, lack of moving parts, and ability to continuously and remotely monitor water usage. Ultrasonic meters use acoustic signals to measure water flow based on which it can measure accurately irrespective of the fluctuation in water flow and minimize wear and tear on the equipment. The widespread adoption of AMR and AMI communication technologies allows ultrasonic meters to send cities the recorded usage remotely. The growth in water management, reduced non-revenue water use, and upgrading of very old infrastructure will ensure increased demand of ultrasonic smart water meters in particular for residential, commercial, and municipal applications.
"Water utilities, by application, are expected to maintain their leading position throughout the forecast period."
Water utilities are predicted to see the rapid adoption of smart water meters as urban and utility operators are placing more emphasis on the efficiency of water delivery, reducing non-revenue water and enhancing water consumption management. Water utilities rely on accurate monitoring for billing accuracy, consumption monitoring, detection of leakages, and management of water usage in the distribution network. Smart water meters with AMR and AMI technologies allow utilities to read their meters remotely, track unusual water usage, and monitor the number of meters efficiently. Furthermore, the active introduction of smart water meters is being supported by the overall need to modernize the outdated water supply system, implement water saving schemes, and improve efficiency in operations. Increasing number of connected water networks and remote monitoring supported by data analytics is expected to further boost the demand for smart water meters in the utilities applications.
Breakdown of Primaries
By Company Type: Tier 1- 65%, Tier 2 - 24%, and Tier 3 - 11%
By Designation: C-Level Executives - 30%, Directors - 25%, Others - 45%
By Region: North America - 20%, Europe - 25%, Asia Pacific - 30%, Middle East & Africa - 10%, South and Central America - 15%.
Note: Others include sales managers, engineers, and regional managers.
Tier 1 company: revenue > USD 5 billion; tier 2 company: revenue between USD 1 and USD 5 billion; and tier 3 company: revenue < USD 1 billion in 2025
Well-established metering technology companies and smart water meter manufacturers predominantly govern the smart water meter market. Key players profiled in the report include Badger Meter, Inc. (US), Kamstrup (Denmark), Diehl Stiftung & Co. KG (Germany), Landis+Gyr (Switzerland), Aclara Technologies (US), Xylem (US), Itron, Inc. (US), Bmeters Srl (Italy), Honeywell International Inc. (US), MOM Co. Ltd. (South Korea), WaterTech (Arad Group) (Israel), Zenner International GmbH & Co. KG (Germany), Neptune Technology Group Inc. (US), Iskraemeco Group (Slovenia), Sagemcom (France), Wasion Group (China), Baylan Water Meters (Turkey), Wegot Utility Solutions (China), Apator S.A. (Poland), STMicroelectronics N.V. (Switzerland), Axioma Metering (Poland), Drizzlex (US), PHYN LLC (US), Conservation Labs, Inc. (US), and Integra Holding AG (Switzerland). Their strong metering portfolios, technological capabilities, product innovations, communication solutions, and continued investments in smart water metering systems and regional capacity expansion continue to shape the competitive landscape.
Research Coverage
The report provides a comprehensive definition, description, and forecast of the smart water meter market across technology (automated meter reading [AMR] and automated metering infrastructure [AMI]), meter type (ultrasonic meter, electromagnetic meter, and smart mechanical meter), component (meter & accessories, IT solutions, and communications), application (water utilities and industries), and region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa). It delivers qualitative and quantitative analysis of market drivers, restraints, opportunities, and challenges. The study also includes competitive landscape assessment, market sizing and forecasts, technology trends, ecosystem analysis, commercial use cases, company benchmarking, and recent developments to provide a comprehensive view of the smart water meter market.
Key Benefits of Buying the Report
The report is designed to support OEMs, installers, utilities, policymakers, investors, and other stakeholders in understanding the evolving Smart Water Meter market. It provides reliable market forecasts across all major segments and regions while delivering insights into technology adoption, competitive positioning, and future growth opportunities. The report enables stakeholders to make informed business decisions through detailed market intelligence and strategic analysis.