PUBLISHER: The Business Research Company | PRODUCT CODE: 1966397
PUBLISHER: The Business Research Company | PRODUCT CODE: 1966397
A non-magnetic narrowband Internet of Things (NB-IoT) water meter is a smart water meter designed to measure water flow without relying on magnetic or mechanical components, typically utilizing ultrasonic or electromagnetic technology. It transmits consumption data through a low-power NB-IoT network, enabling remote monitoring, automated billing, and leak detection.
The primary types of non-magnetic NB-IoT water meters include normal diameter 15 millimeter (mm), normal diameter 20 millimeter (mm), normal diameter 25 millimeter (mm), normal diameter 32 millimeter (mm), and others. A normal diameter of 15 mm indicates that the standard width across the pipe or object measures 15 millimeters. These meters operate using technologies such as Category Narrowband 1 (Cat NB1) and Category Narrowband 2 (Cat NB2). They can be implemented through greenfield installations or retrofit projects. The meters support both periodic reporting and real-time monitoring and are used by commercial, industrial, and residential end users.
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 are influencing the non-magnetic NB-IoT water meter market by increasing costs of imported sensors, communication modules, semiconductors, and electronic components. Smart water projects in Asia-Pacific and Europe are most affected due to reliance on imported electronics, while North America faces higher metering system costs. These tariffs are increasing deployment expenses and extending rollout timelines. However, they are also encouraging local electronics assembly, regional manufacturing of smart meters, and domestic IoT ecosystem development.
The non-magnetic narrowband-internet of things (nb-iot) water meter market research report is one of a series of new reports from The Business Research Company that provides non-magnetic narrowband-internet of things (nb-iot) water meter market statistics, including non-magnetic narrowband-internet of things (nb-iot) water meter industry global market size, regional shares, competitors with a non-magnetic narrowband-internet of things (nb-iot) water meter market share, detailed non-magnetic narrowband-internet of things (nb-iot) water meter market segments, market trends and opportunities, and any further data you may need to thrive in the non-magnetic narrowband-internet of things (nb-iot) water meter industry. This non-magnetic narrowband-internet of things (nb-iot) 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 non-magnetic narrowband-internet of things (nb-iot) water meter market size has grown rapidly in recent years. It will grow from $1.08 billion in 2025 to $1.24 billion in 2026 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to expansion of urban water infrastructure digitization, rising demand for accurate billing systems, early adoption of ultrasonic metering technology, growth of smart city initiatives, availability of low-power iot networks.
The non-magnetic narrowband-internet of things (nb-iot) water meter market size is expected to see rapid growth in the next few years. It will grow to $2.18 billion in 2030 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to increasing investments in smart utility infrastructure, rising regulatory mandates for water efficiency, expansion of real-time water monitoring, growing adoption of retrofit smart meters, increasing focus on non-revenue water reduction. Major trends in the forecast period include increasing deployment of smart water metering systems, rising adoption of non-magnetic flow measurement, growing use of real-time consumption monitoring, expansion of nb-iot communication networks, enhanced focus on leak detection and accuracy.
The rising concerns over water scarcity are expected to drive the growth of the non-magnetic narrowband Internet of Things (NB-IoT) water meter market in the coming years. Water scarcity refers to the lack of sufficient available water to meet the needs of humans, agriculture, industry, or the environment. This challenge is intensifying due to population growth, as increasing populations elevate water demand for drinking, agriculture, and industrial activities, often surpassing available freshwater resources. Non-magnetic NB-IoT water meters help address water scarcity by enabling precise monitoring and management of water consumption, detecting leaks in real time, and promoting efficient usage. These functions reduce wastage and ensure the optimal distribution of limited water resources. For instance, in March 2024, according to the United Nations Environment Programme (UNEP), a Kenya-based environmental authority, about 1.8 billion people are projected to experience conditions of absolute water scarcity by 2025, as reported by the Food and Agriculture Organization (FAO). Therefore, the growing concerns over water scarcity are fueling the expansion of the non-magnetic NB-IoT water meter market.
Key companies operating in the non-magnetic NB-IoT water meter market are focusing on advancing technologies such as meter data management to enhance the accuracy, efficiency, and reliability of water consumption monitoring. Meter data management (MDM) is a technology solution that facilitates the collection, processing, and storage of meter readings, ensuring data accuracy, supporting analytics, and improving utility operations. For example, in May 2023, Itron Inc., a US-based technology company, advanced the digital transformation of water utilities in Australia and New Zealand through the expansion of its Temetra platform and the introduction of its AMI Essentials solution. This non-magnetic NB-IoT water meter enables precise and remote monitoring of water usage through digital connectivity and operates on a flexible cloud platform compatible with various meter types and suppliers. The technology helps utilities reduce manual effort, detect leaks promptly, and improve water conservation measures. It also ensures accurate billing, decreases unaccounted-for water losses, and promotes efficient and sustainable water management.
In April 2024, Suez SA, a France-based utility company, partnered with Vodafone Group Public Limited to implement IoT-based smart water management solutions. The partnership aims to accelerate the global deployment of more than two million NB-IoT-connected smart water meters by 2030, with the goal of reducing water wastage by up to 15 percent through real-time remote monitoring, leak detection, and data-driven water management. Vodafone Group Public Limited is a UK-based telecommunications company that provides non-magnetic narrowband Internet of Things (NB-IoT) water meters.
Major companies operating in the non-magnetic narrowband-internet of things (nb-iot) water meter market are Honeywell International Inc., Diehl Metering, Kamstrup, Itron Inc., Landis+Gyr AG, Wasion Holdings Ltd., Badger Meter Inc., SUNTRONT Tech Co. Ltd., Apator S.A., ZENNER International GmbH & Co. KG, Baylan Water Meters, Arad Group PLC, Master Meter Inc., B Meters Srl, Linyi City Bei Quan Water Meter, Hidroconta SA, Kaifeng Shengda Water Meter Co. Ltd., QingDao iESLab, Xinkong Electronics (Xinkelec), Sanchuan Water Meter Co. Ltd., Neptune Technology Group Inc., Aclara Technologies LLC, Mueller Water Products Inc., Datamatic Inc.
North America was the largest region in the non-magnetic narrowband-internet of things (NB-IoT) water meter market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the non-magnetic narrowband-internet of things (nb-iot) 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 non-magnetic narrowband-internet of things (nb-iot) water meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The non-magnetic narrowband-internet of things (NB-IoT) water meter market consists of sales of data concentrators, smart valves or actuators, and IoT sensors. 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.
Non-Magnetic Narrowband-Internet Of Things (NB-IoT) 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 non-magnetic narrowband-internet of things (nb-iot) 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.
Where is the largest and fastest growing market for non-magnetic narrowband-internet of things (nb-iot) 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 non-magnetic narrowband-internet of things (nb-iot) 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.
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