Home Industry Reports Custom Research Blogs About Us Contact us

Smart Water Meter Market Size & Share, By Component (Hardware, Software, Services), Meter Type (Electromagnetic Meter, Ultrasonic Meter, Mechanical Meter), Regional Forecast, Industry Players, Growth Statistics Report 2023-2032

Report ID: FBI 1788


Published Date: Oct-2023


Format : PDF, Excel

Market Outlook:

Smart Water Meter Market size surpassed USD 3.8 Billion in 2022 and is poised to reach USD 24.5 Billion, growing at over 29% CAGR between 2023 and 2032. With the increasing focus on efficient water management and the growing adoption of advanced technologies, the market valuation of smart water meters is projected to reach a substantial figure.

Base Year Value (2022)

USD 3.8 Billion

18-23 x.x %
24-33 x.x %

CAGR (2023-2032)


18-23 x.x %
24-33 x.x %

Forecast Year Value (2032)

USD 24.5 Billion

18-23 x.x %
24-33 x.x %
Smart Water Meter Market

Historical Data Period


Smart Water Meter Market

Largest Region

North America

Smart Water Meter Market

Forecast Period


Get more details on this report -

Market Dynamics:

Growth Drivers & Opportunities:

1. Growing Concerns about Water Scarcity: Rising population and urbanization have led to an increased demand for water, creating a need for effective water management. Smart water meters enable accurate monitoring and measurement of water consumption, helping to detect leaks and reduce wastage.

2. Government Initiatives and Regulations: Various governments across the globe are implementing regulations and programs to promote the adoption of smart water meters. These initiatives aim to improve water resource management, achieve sustainability goals, and enhance operational efficiency in the water industry.

3. Advancements in IoT and Communication Technologies: The integration of Internet of Things (IoT) and communication technologies has revolutionized the water metering industry. Smart water meters equipped with wireless connectivity allow real-time data collection, remote monitoring, and better management of water distribution networks.

4. Cost and Energy Savings: Smart water meters provide accurate, automated readings, eliminating the need for manual meter reading and reducing operational costs. Additionally, the data collected by these meters enables customers to make informed decisions about their water consumption, leading to potential cost and energy savings.

Report Scope

Report CoverageDetails
Segments CoveredComponent, Meter Type, Technology, Application
Regions Covered• North America (United States, Canada, Mexico)  
• Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)  
Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)  
• Latin America (Argentina, Brazil, Rest of South America)  
• Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledAclara Technologies LLC. (Hubbell Incorporated), Arad Group, Badger Meter,, BERMAD CS., Diehl Stiftung & Co. KG, Electronet Equipments Private Limited, Itron, Kamstrup A/S, Landis+Gyr, Neptune Technology Group, Sensus USA (Xylem)

Unlock insights tailored to your business with our bespoke market research solutions - Click to get your customized report now!


Industry Restraints & Challenges:

1. High Initial Capital Investment: The installation of smart water metering systems often requires substantial initial investments, especially in retrofitting older water infrastructures. This factor acts as a restraint for widespread adoption, particularly in less economically developed regions.

2. Limited Interoperability: The lack of standardization and interoperability among different smart water metering systems poses challenges for utility companies when integrating or upgrading their existing infrastructure.

3. Cybersecurity Risks: As smart water meters rely on digital technologies and data exchange, there is an increased risk of cyber threats. The potential vulnerability of these systems to hacking or unauthorized access calls for robust cybersecurity measures.

4. Resistance to Change: Resistance to change from traditional water metering methods and lack of awareness among end-users can also impede the growth of the smart water meter market, particularly in some regions where conventional water metering systems are deeply ingrained.

Overall, the smart water meter market is anticipated to witness significant growth due to factors such as increasing water management concerns, government support, technological advancements, and potential cost savings. However, challenges related to initial investment, interoperability, cybersecurity, and resistance to change need to be addressed and overcome for the widespread adoption of smart water meters.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Smart Water Meter Market
Smart Water Meter Market

Regional Forecast:

- North America:

The smart water meter market in North America is expected to witness substantial growth during the forecast period. This can be attributed to the increasing adoption of smart technologies in the region, government initiatives to conserve water, and the need for accurate water billing systems. Additionally, the presence of prominent market players and advanced infrastructure in the region further contribute to the market's growth prospects.

- Asia Pacific:

The Asia Pacific region is anticipated to experience significant growth in the smart water meter market. Rapid urbanization, industrialization, and population growth in countries like China and India have led to increased water demand. As a result, the adoption of smart water meters to effectively monitor water usage and manage resources efficiently is on the rise in this region.

- Europe:

Europe is expected to expand at around 24% growth rate and is likely to hold a significant market share in the smart water meters industry. Strict regulatory measures imposed by the European Union regarding water conservation and the promotion of sustainable practices have encouraged the adoption of smart water meters. The region's focus on reducing water wastage and optimizing water supply networks has propelled the demand for smart water metering solutions.

Get more details on this report -

Segmentation Analysis:

1. Residential Segment:

The residential application segment is likely to witness 25% CAGR from 2024 to 2032. With rising awareness about water conservation and the need for efficient water management, residential consumers are adopting smart water meters to monitor their water consumption and reduce wastage. These devices provide real-time information about usage patterns and help in identifying leaks or abnormal usage, facilitating effective water conservation efforts.

2. Commercial Segment:

The commercial segment encompasses various establishments such as offices, shopping malls, hotels, and hospitals that consume significant amounts of water. Within this segment, the sub-segment of hotels is witnessing substantial adoption of smart water meters. With large-scale water requirements for their operations, hotels are adopting smart water meters to monitor and regulate consumption, optimize billing processes, and identify any leakage or anomalies to minimize water wastage.

3. Industrial Segment:

The industrial segment plays a crucial role in the smart water meter market. The sub-segment of manufacturing industries is noteworthy, as water is a vital input for their processes. Smart water meters enable real-time monitoring of water usage in industrial facilities, helping them identify inefficiencies, optimize consumption, and ensure compliance with environmental regulations. Furthermore, the ability to remotely monitor and control the water supply enables proactive maintenance and minimizes downtime.

Get more details on this report -

Competitive Landscape:

The competitive landscape of the smart water meter market comprises several key players aiming to expand their market presence. Some of these market players include:

1. Kamstrup A/S:

Kamstrup A/S is a leading global provider of intelligent metering solutions, including smart water meters. The company focuses on delivering accurate and reliable water metering solutions to enhance water management practices.

2. Badger Meter, Inc.:

Badger Meter, Inc. is a prominent player in the smart water meter market, offering a wide range of innovative water metering technologies. The company emphasizes continuous research and development to provide advanced solutions that meet the evolving needs of its customers.

3. Sensus USA Inc.:

Sensus USA Inc., a Xylem brand, is known for its comprehensive portfolio of smart water metering solutions. The company offers highly accurate and reliable meters, along with advanced data analytics capabilities, to aid in efficient water management.

4. Landis+Gyr:

Landis+Gyr is a global leader in smart metering and utilities solutions, providing smart water metering solutions to enable remote monitoring, real-time data analysis, and efficient water management.

5. Diehl Stiftung & Co. KG:

Diehl Stiftung & Co. KG offers innovative water metering technologies, including smart water meters, to promote sustainable water management practices. The company's smart water metering solutions are designed to meet the diverse needs of residential, commercial, and industrial customers.

These market players continuously strive to enhance their product portfolios, expand geographical reach, and innovate technology to gain a competitive edge in the smart water meter market.

Our Clients

Why Choose Us

Specialized Expertise: Our team comprises industry experts with a deep understanding of your market segment. We bring specialized knowledge and experience that ensures our research and consulting services are tailored to your unique needs.

Customized Solutions: We understand that every client is different. That's why we offer customized research and consulting solutions designed specifically to address your challenges and capitalize on opportunities within your industry.

Proven Results: With a track record of successful projects and satisfied clients, we have demonstrated our ability to deliver tangible results. Our case studies and testimonials speak to our effectiveness in helping clients achieve their goals.

Cutting-Edge Methodologies: We leverage the latest methodologies and technologies to gather insights and drive informed decision-making. Our innovative approach ensures that you stay ahead of the curve and gain a competitive edge in your market.

Client-Centric Approach: Your satisfaction is our top priority. We prioritize open communication, responsiveness, and transparency to ensure that we not only meet but exceed your expectations at every stage of the engagement.

Continuous Innovation: We are committed to continuous improvement and staying at the forefront of our industry. Through ongoing learning, professional development, and investment in new technologies, we ensure that our services are always evolving to meet your evolving needs.

Value for Money: Our competitive pricing and flexible engagement models ensure that you get maximum value for your investment. We are committed to delivering high-quality results that help you achieve a strong return on your investment.

Select Licence Type

Single User

US$ 4250

Multi User

US$ 5050

Corporate User

US$ 6150

Smart Water Meter Market Size & Share, By Componen...

RD Code : 24