Smart Water Metering Market Report 2025 (Global Edition)

Global Smart Water Metering Market Report 2025 Market Size Split by Type (Ultrasonic Meters, Electromagnetic Meters, Smart Mechanical Meters), by Technology (AMI, AMR), by Component (Meter & Accessori...

Smart Water Metering Market Report Description

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Smart Water Metering Market Insights Video

Competitive Landscape of the Smart Water Metering Market

In order to improve their product offerings, major players in the market are actively investing in research and development (R&D). With an emphasis on enhanced data communication capabilities, increased precision, and greater dependability, they are creating cutting-edge metering technology. In order to provide utilities and customers with useful information on patterns of water usage, these companies are also developing user-friendly interfaces and data analytics tools. In addition, to guard against potential cyberattacks, there is an increasing focus on making sure smart water metering systems are secure. In order to gain access to emerging markets where the use of smart water meters is growing, businesses are increasingly extending their worldwide reach through strategic alliances and acquisitions.

April 2024: Manufacturer of water and waste management solutions Suez SA stated that it is working with Vodafone to accelerate the global adoption of remote water meter reading using Narrowband IoT (NB-IoT) communication networks. By 2030, they want to have deployed more than 2 million NB-IoT meters. (Source: https://www.suez.com/en/news/press-releases/suez-vodafone-sign-global-partnership-remote-reading-new-generation-smart-water-meters ) February 2024: The ALTAIR V5 MANIFOLD is the newest generation of volumetric water meters intended for placement on a coaxial base in a manifold, and it was introduced by Diehl Stiftung & Co. KG, a prominent producer and supplier of smart metering solutions. (Source: https://www.diehl.com/metering/en/press-media/press-room/news/altair-v5-new-generation-of-volumetric-water-meters-launched/ ) October 2023: The environmentally conscious utility company Suez, located in France, teamed up with Vodafone Business, a telecommunications services provider in the UK, to use Wize technology and NB-loT to offer a cost-effective, vendor-neutral Advanced Metering Infrastructure (AMI) that covers smart water meters nationwide. In the end, this partnership hopes to improve water conservation and operational efficiency for water companies by streamlining data sets and transmissions and doing away with the need for multiple systems. This will encourage innovation in the smart water metering market by making smart metering infrastructure more accessible and manageable. (Source: https://www.suez.com/en/uk/news/press-releases/suez-and-vodafone-partner-connectivity-next-generation-smart-water-meters ) May 2023: The Next Generation Cellular Module (NXCM), a cutting-edge solution that transforms outdated gas and water meters into smart meters without the need for additional infrastructure, was introduced by Honeywell International Inc., a multinational engineering and technology company with headquarters in the US that develops and produces technologies. This enables wireless advanced metering infrastructure using current cellular networks and provides seamless interaction with a variety of gas and water meter formats. (Source: https://automation.honeywell.com/us/en/news/press-releases/2023/honeywell-launches-next-generation-cellular-module-transforming-legacy-meters-into-smart-meters )

Top Companies Market Share in Smart Water Metering Industry: (In no particular order of Rank)

• Diehl Stiftung & Co. KG
• Apator S.A.
• BMETERS Sri
• Badger Meter
• Inc.
• Aclara Technologies LLC.
• Arad Group
• Sontex SA
• Honeywell International Inc.
• Landis+Gyr
• Ningbo Water Meter Co.
• Ltd.
• Itron Inc.
• kamstrup
• Neptune Technology Group Inc.
• Siemens
• Schneider Electric
• Sensus
• ZENNER International GmoH & Co. KG
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Smart Water Metering Market

Which Region Dominates the Smart Water Metering Market in 2024?

According to Cognitive Market Research, North America currently dominates the Smart Water Metering market, and the region is expected to have significant growth during the projected period, since it has strict laws and a sophisticated infrastructure. North America has funded the modernization of water management systems. In this region, demand for smart water metering is driven by initiatives to streamline operational costs, lower NRW, and fulfill obligatory regulatory criteria. In addition, the industry will experience considerable growth in the upcoming years due to the presence of the largest providers of water conservation technologies in this region.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) because of the increased pace of urbanization and the focus on smart infrastructure developments in the region. There is a growing need for smart water meters and other advanced water management technology due to the rapid urbanization of China and India. The government's assistance for technological infrastructure and the growing emphasis on smart city initiatives further drive the market in this area.

The current report Scope analyzes Smart Water Metering Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Smart Water Metering Market Analysis

According to Cognitive Market Research, the global Smart Water Metering market size was estimated at USD 3851.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1540.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Smart Water Metering market with a market size of USD 1215.44 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period because to the requirement for precise billing, the aging water infrastructure, and the increased emphasis on water conservation.
• The Canada Smart Water Metering market had a market share of USD 184.86 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The adoption of smart water metering solutions is being driven by modernization projects and regulatory requirements to improve water management.
• The Mexico Smart Water Metering market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 140.18 million in 2024.

Europe Smart Water Metering Market Analysis

According to Cognitive Market Research, the global Smart Water Metering market size was estimated at USD 3851.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1155.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom Smart Water Metering market had a market share of USD 194.10 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Smart water meter implementation is being driven by factors including population increase, urbanization, and the growing need for effective water management.
• The France Smart Water Metering market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 106.29 million in 2024.
• According to Cognitive Market Research, the German Smart Water Metering market size was valued at USD 228.76 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period ascribed to the growing requirement for addressing issues related to water scarcity and water quality monitoring.
• The Italy Smart Water Metering market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 99.36 million in 2024.
• The Russia Smart Water Metering market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 179.08 million in 2024.
• The Spain Smart Water Metering market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 94.74 million in 2024
• The Luxembourg Smart Water Metering market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 35.82 million in 2024.
• The Portugal Smart Water Metering market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 24.26 million in 2024.
• The Greece Smart Water Metering market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 13.86 million in 2024.
• The Rest of Europe's Smart Water Metering market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 179.08 million in 2024.

Asia Pacific Smart Water Metering Market Analysis

According to Cognitive Market Research, the global Smart Water Metering market size was estimated at USD 3851.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 885.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Smart Water Metering market size was valued at USD 398.60 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period due to the aging water infrastructure, the need for accurate billing, and the growing emphasis on water conservation.
• The Japan Smart Water Metering market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 122.94 million in 2024.
• The India Smart Water Metering market had a market share of USD 106.29 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. Regulations aimed at improving water management and modernization initiatives are driving the deployment of smart water metering solutions.
• The South Korean Smart Water Metering market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 88.58 million in 2024.
• The Australian Smart Water Metering market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 46.06 million in 2024.
• The South East Asia Smart Water Metering market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 61.12 million in 2024.
• The Rest of Asia Pacific Smart Water Metering market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 62.89 million in 2024.

South America Smart Water Metering Market Analysis

According to Cognitive Market Research, the global Smart Water Metering market size was estimated at USD 3851.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 192.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Smart Water Metering market size was valued at USD 82.42 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period The adoption of smart water meters is being fueled by a number of factors, such as urbanization, population growth, and the increasing demand for efficient water management.
• Argentina's Smart Water Metering market had a market share of USD 32.35 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period attributed to the expanding need to deal with problems pertaining to water scarcity and water quality monitoring.
• Colombia Smart Water Metering market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 17.14 million in 2024.
• Peru Smart Water Metering market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 15.79 million in 2024.
• Chile Smart Water Metering market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 13.86 million in 2024.
• The Rest of Latin America's Smart Water Metering market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 31.00 million in 2024.

Middle East Smart Water Metering Market Analysis

According to Cognitive Market Research, the global Smart Water Metering market size was estimated at USD 3851.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 77.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

• The GCC Countries Smart Water Metering market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 32.97 million in 2024 because water infrastructure is getting older, proper billing is necessary, and water conservation is becoming more and more important.
• The Egypt Smart Water Metering market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 8.09 million in 2024.
• The South Africa Smart Water Metering market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 12.17 million in 2024 ascribed to the growing necessity of addressing issues with water scarcity and water quality monitoring.
• The Turkey Smart Water Metering market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 6.62 million in 2024.
• The Nigeria Smart Water Metering market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 8.09 million in 2024.
• The Rest of the MEA Smart Water Metering market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 9.09 million in 2024.

Smart Water Metering Market Analysis

How are Segments Performing in the Global Smart Water Metering Market?

Smart Water Metering Market Type Segment Analysis

According to Cognitive Market Research, smart mechanical meters category is likely to dominate the Smart Water Metering Market over the forecast period because smart mechanical water meters are widely used in both the residential and commercial sectors. Owing to their dependability, affordability, and compatibility with current infrastructure, these meters should have generated significant attention already. These meters are well-liked by customers due to their sophisticated real-time data transmission and remote monitoring features, as well as their robust mechanical construction. Their need is further increased by the absence of an external power source and their durability under challenging circumstances.

The ultrasonic meters is the fastest-growing segment in the Smart Water Metering Market because they employ sound waves as a contactless method of detecting water flow. Being mechanically free, ultrasonic meters are incredibly robust and require less maintenance than other types of meters. Utilities looking to improve water measurement and NRW loss control are expecting it to demonstrate high accuracy flow measurement even at low flow rates. The need for ultrasonic meters is also expected to rise as real-time data processing becomes more necessary and as IoT is used in water management systems.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Smart Water Metering Industry. Request a Free Sample PDF!

Smart Water Metering Market Technology Segment Analysis

According to Cognitive Market Research, the AMR segment holds the largest share of the market because they can record readings from meters remotely without having to read the meters physically. In addition to reducing other costs associated with manual data collection, this technology provides utilities with precise and timely information on usage to support invoicing. Businesses have welcomed AMR technology since it is inexpensive to adopt and does not necessitate the extensive infrastructure replacement that is needed. AMR system implementation also results in lower labor costs and improved data reliability, which promotes sector growth.

In the Smart Water Metering Market, the AMI has been expanding at a rapid pace because the demand for effective water management solutions is growing. AMI tracks increases in water usage, finds leaks, and synchronizes communication networks with smart meters. Their desire is further fueled by AMI's ability to manage dynamic pricing models and real-time warnings.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Smart Water Metering Component Segment Analysis

Smart Water Metering Market Component Segment Analysis

According to Cognitive Market Research, the meter & accessories segment holds the largest market share because it provides the essential hardware for smart water metering systems. Utilities that intend to modernize their systems and raise the bar for accurate reporting of water usage must have these parts. Furthermore, upgrading hardware is a more straightforward answer than implementing different IT systems or improving communication, which is why it's becoming the go-to choice for quick improvements in the effectiveness of water management. In the upcoming years, the market will be further stimulated by all these elements.

In the Smart Water Metering market, the rapidly growing sector is the IT Solutions category due to the growing demands for improved analytics, integration, and data management solutions. To improve them, utilities and municipalities deploy advanced IT solutions like DMP, software, and analytical tools in meters. These solutions include sophisticated capabilities that are necessary for efficient water management and organizational performance, such as reporting, forecast, and monitoring. In addition, the market is anticipated to grow as a result of the growing adoption of smart water meters, the emphasis on data-driven decision-making, and the integration of these meters with larger utility management systems.

• Meter & Accessories
• IT Solutions
• Communications

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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