Water Meter Global Market Report 2026

A water meter is a device that measures the flow of water in a pipe system or outlet, often installed in an underground or above-ground box on public property. These meters typically include automated meter reading technology for efficient monitoring.

Water meters can be categorized into mechanical water meters and smart water meters. Mechanical water meters measure water flow by detecting the movement of water that drives a piston or turbine. They record water usage in domestic connections for billing purposes. On the other hand, smart water meters utilize wireless communication with a network, allowing remote monitoring and leak detection to minimize water wastage. Smart meters come in various types such as ultrasonic, electromagnetic, and mechanical meters, catering to residential, commercial, and industrial applications.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on electronic components, metals, and communication modules have elevated production costs for both mechanical and smart water meters, particularly impacting AMR and AMI devices across residential, commercial, and industrial segments. Regions dependent on imported sensors and chipset assemblies such as Asia Pacific and Latin America face longer lead times and price pressures. Despite this, tariffs have encouraged domestic manufacturing, promoted innovation in durable and efficient metering systems, and boosted localization of supply chains for utility networks.

The water meter market research report is one of a series of new reports from The Business Research Company that provides water meter market statistics, including water meter industry global market size, regional shares, competitors with a water meter market share, detailed water meter market segments, market trends and opportunities, and any further data you may need to thrive in the water meter industry. This water meter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The water meter market size has grown strongly in recent years. It will grow from $5.66 billion in 2025 to $6.01 billion in 2026 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing municipal water consumption, early adoption of mechanical metering, growth in residential water infrastructure, rise in commercial building water management, expansion of industrial water usage monitoring.

The water meter market size is expected to see strong growth in the next few years. It will grow to $7.68 billion in 2030 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing implementation of smart metering programs, rising focus on non revenue water reduction, increasing demand for real time consumption analytics, expansion of smart city water infrastructure, adoption of advanced metering technologies across utilities. Major trends in the forecast period include rising demand for accurate water usage measurement, increasing adoption of automated meter reading solutions, growing upgrade from mechanical to smart ultrasonic meters, expansion of water conservation and leakage detection initiatives, rising deployment of metering infrastructure in urban utilities.

The growing demand for water is anticipated to drive the expansion of the water meter market in the upcoming period. As the population increases, daily water consumption is also rising. Water consumption refers to the volume of water that is not returned to its source after use. Water meters influence this consumption by charging users based on the amount of water utilized and enabling easier detection of leaks in pipes, which reduces water wastage. For example, a report from the World Resources Institute, a US-based non-profit organization, stated in August 2023 that by 2050, water demand in Sub-Saharan Africa is expected to surge by 163%-four times the rate of growth in Latin America, where water demand is projected to rise by 43%. Therefore, increasing water consumption will drive the growth of the water meters market.

Major companies in the water meter market are concentrating on developing technologically innovative solutions, such as large-scale smart water meter pilots, to improve water management efficiency. A smart water meter pilot is a trial project aimed at testing and showcasing the capabilities of smart water metering technologies within a specific geographic area or community. For example, in August 2023, Water Corporation, a principal water supplier in Australia, launched a smart water meter pilot program covering 50,000 homes in Western Australia. This initiative is designed to use advanced measuring technology to provide real-time data on water consumption and quickly identify leaks. The smart water meters aim to help residents manage their water usage more effectively and support regional water conservation efforts. The pilot program is expected to enhance operational efficiency for Water Corporation while encouraging sustainable water management practices in the community.

In January 2024, Xylem Inc., a US-based water technology company, acquired Evoqua Water Technologies for around $7.5 billion. This strategic acquisition aims to enhance Xylem's portfolio by incorporating Evoqua's advanced water treatment solutions and technologies. The merger will enable Xylem to offer a broader range of sustainable water management services to customers in various sectors, including municipal, industrial, and commercial. Evoqua Water Technologies is a US-based company that provides a variety of flow meters, ranging from non-electrical float-style water meters to flow sensors for inline water meters.

Major companies operating in the water meter market are Badger Meter Inc, Ningbo Water Meter Co Ltd, Aichi Tokei Denki Co, Xylem Inc, Itron Inc, Diehl Stiftung & Co. KG, Mueller Water Products Inc, Arad Group, Azbil Kimmon Co Ltd, Diehl Metering, Peltek, Apator, Honeywell Elster, Aclara Technologies, Sensus, Kamstrup, Jiangxi Sanchuan, Chongqing Smart Water Meter Group Co. Ltd, Hebei Yuanjiang Meters Co. Ltd, Ningbo LongKang Intelligent Instrument Co. Ltd, Kaifeng Flowmeter Instrument Co. Ltd, Tangshan Huizhong Instrumentation Co. Ltd, iSAtech Water, ZENNER International GmbH & Co, Sontex SA, B Meters Metering Solutions, Neptune Technology Group Inc, Kamstrup Middle East FZC, Spire Metering Technology, Precision Meters (Pty) Ltd, Dayliff Water

Asia-Pacific was the largest region in the water meter market in 2025. The regions covered in the water meter market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the water meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The water meter market consists of sales of water flow meter, residential water meter, automated water meter control system, water current meter, water activity meter Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Water Meter Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses water meter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for water meter ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The water meter market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Mechanical Water Meter; Smart Water Meter
• 2) By Application: Residential; Commercial; Industrial
• 3) By Measurement Type: Cold Water Meter; Hot Water Meter
• Subsegments:
• 1) By Mechanical Water Meter: Woltman Water Meter; Single-Jet Water Meter; Multi-Jet Water Meter; Nutating Disc Water Meter
• 2) By Smart Water Meter: AMR (Automatic Meter Reading) Water Meter; AMI (Advanced Metering Infrastructure) Water Meter; Smart Ultrasonic Water Meter
• Companies Mentioned: Badger Meter Inc; Ningbo Water Meter Co Ltd; Aichi Tokei Denki Co; Xylem Inc; Itron Inc; Diehl Stiftung & Co. KG; Mueller Water Products Inc; Arad Group; Azbil Kimmon Co Ltd; Diehl Metering; Peltek; Apator; Honeywell Elster; Aclara Technologies; Sensus; Kamstrup; Jiangxi Sanchuan; Chongqing Smart Water Meter Group Co. Ltd; Hebei Yuanjiang Meters Co. Ltd; Ningbo LongKang Intelligent Instrument Co. Ltd; Kaifeng Flowmeter Instrument Co. Ltd; Tangshan Huizhong Instrumentation Co. Ltd; iSAtech Water; ZENNER International GmbH & Co; Sontex SA; B Meters Metering Solutions; Neptune Technology Group Inc; Kamstrup Middle East FZC; Spire Metering Technology; Precision Meters (Pty) Ltd; Dayliff Water
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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