This report describes and explains the water meter market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global water meter market reached a value of nearly $14.89 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.35% since 2019. The market is expected to grow from $14.89 billion in 2024 to $19.96 billion in 2029 at a rate of 6.04%. The market is then expected to grow at a CAGR of 6.94% from 2029 and reach $27.91 billion in 2034.
Growth in the historic period resulted from investments in water infrastructure, modernization and replacement of aging water metering infrastructure, increasing water consumption and growth in real estate and construction. Factors that negatively affected growth in the historic period were the limited consumer awareness or education and regulatory and policy uncertainty.
Going forward, growing awareness of water conservation, shift towards sustainable resource management, favorable government initiative and decentralized water supply systems support will drive growth. Factor that could hinder the growth of the water meter market in the future include cost of installing and maintaining smart meters, low priority in rural or remote areas, and impact of trade war and tariff.
Asia-Pacific was the largest region in the water meter market, accounting for 33.72% or $5.02 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the water meter market will be Asia-Pacific and Western Europe where growth will be at CAGRs of 6.71% and 5.96% respectively. These will be followed by South America and North America where the markets are expected to grow at CAGRs of 5.68% and 5.67% respectively.
The global water meter market is fairly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 22.27% of the total market in 2024. Badger Meter Inc. was the largest competitor with a 4.72% share of the market, followed by Xylem Inc. with 4.40%, Mueller Water Products Inc. with 3.38%, and Roper Technologies Inc., with 2.28%, Aichi Tokei Denki Co., with 1.73%, Itron Inc. with 1.44%, Landis+Gyr Group AG with 1.39%, Ningbo Water Meter Co Ltd. with 1.35%, Azbil Co. Ltd. with 0.90%. and Viewshine Ltd. with 0.68%.
The water meter market is segmented by product type into mechanical water meter and smart water meter. The mechanical water meter market was the largest segment of the water meter market segmented by product type, accounting for 72.93% or $10.85 billion of the total in 2024. Going forward, the smart water meter segment is expected to be the fastest growing segment in the water meter market segmented by product type, at a CAGR of 8.47% during 2024-2029.
The water meter market is segmented by application into residential, commercial and industrial. The residential market was the largest segment of the water meter market segmented by application, accounting for 75.30% or $11.21 billion of the total in 2024. Going forward, the industrial segment is expected to be the fastest growing segment in the water meter market segmented by application, at a CAGR of 6.41% during 2024-2029.
The top opportunities in the water meter market segmented by product type will arise in the mechanical water meter segment, which will gain $3.04 billion of global annual sales by 2029. The top opportunities in the water meter market segmented by application will arise in the residential segment, which will gain $3.84 billion of global annual sales by 2029. The water meter market size will gain the most in the USA at $1.41 billion.
Market-trend-based strategies for the water meter market include cloud-powered smart water meter system tackles facility aging and rising costs, integration of IoT for enhanced water usage monitoring, development of wireless water meter solutions to enhance efficiency, innovative smart water meter pilot programs enhance water management efficiency, cutting-edge wireless module slashes smart meter deployment costs for utilities.
Player-adopted strategies in the water meter market include focus on expanding its business capabilities through partnership to expand its operational capabilities.
To take advantage of the opportunities, the analyst recommends the water meter market companies to focus on advancing cloud-based smart meter systems, focus on expanding IoT-based monitoring capabilities, focus on deploying long-range wireless metering solutions, focus on scaling smart meter pilot programs with advanced analytics, focus on reducing deployment costs through advanced wireless modules, focus on expanding in the fastest growing smart water meter segment, expand in emerging markets, focus on expanding regional distribution and direct access, focus on tiered pricing and value-based differentiation, focus on strengthening institutional outreach and buyer education, focus on digital engagement and brand visibility and focus on capturing growth in the industrial water meter segment.
This product will be delivered within 3-5 business days.
The global water meter market reached a value of nearly $14.89 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.35% since 2019. The market is expected to grow from $14.89 billion in 2024 to $19.96 billion in 2029 at a rate of 6.04%. The market is then expected to grow at a CAGR of 6.94% from 2029 and reach $27.91 billion in 2034.
Growth in the historic period resulted from investments in water infrastructure, modernization and replacement of aging water metering infrastructure, increasing water consumption and growth in real estate and construction. Factors that negatively affected growth in the historic period were the limited consumer awareness or education and regulatory and policy uncertainty.
Going forward, growing awareness of water conservation, shift towards sustainable resource management, favorable government initiative and decentralized water supply systems support will drive growth. Factor that could hinder the growth of the water meter market in the future include cost of installing and maintaining smart meters, low priority in rural or remote areas, and impact of trade war and tariff.
Asia-Pacific was the largest region in the water meter market, accounting for 33.72% or $5.02 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the water meter market will be Asia-Pacific and Western Europe where growth will be at CAGRs of 6.71% and 5.96% respectively. These will be followed by South America and North America where the markets are expected to grow at CAGRs of 5.68% and 5.67% respectively.
The global water meter market is fairly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 22.27% of the total market in 2024. Badger Meter Inc. was the largest competitor with a 4.72% share of the market, followed by Xylem Inc. with 4.40%, Mueller Water Products Inc. with 3.38%, and Roper Technologies Inc., with 2.28%, Aichi Tokei Denki Co., with 1.73%, Itron Inc. with 1.44%, Landis+Gyr Group AG with 1.39%, Ningbo Water Meter Co Ltd. with 1.35%, Azbil Co. Ltd. with 0.90%. and Viewshine Ltd. with 0.68%.
The water meter market is segmented by product type into mechanical water meter and smart water meter. The mechanical water meter market was the largest segment of the water meter market segmented by product type, accounting for 72.93% or $10.85 billion of the total in 2024. Going forward, the smart water meter segment is expected to be the fastest growing segment in the water meter market segmented by product type, at a CAGR of 8.47% during 2024-2029.
The water meter market is segmented by application into residential, commercial and industrial. The residential market was the largest segment of the water meter market segmented by application, accounting for 75.30% or $11.21 billion of the total in 2024. Going forward, the industrial segment is expected to be the fastest growing segment in the water meter market segmented by application, at a CAGR of 6.41% during 2024-2029.
The top opportunities in the water meter market segmented by product type will arise in the mechanical water meter segment, which will gain $3.04 billion of global annual sales by 2029. The top opportunities in the water meter market segmented by application will arise in the residential segment, which will gain $3.84 billion of global annual sales by 2029. The water meter market size will gain the most in the USA at $1.41 billion.
Market-trend-based strategies for the water meter market include cloud-powered smart water meter system tackles facility aging and rising costs, integration of IoT for enhanced water usage monitoring, development of wireless water meter solutions to enhance efficiency, innovative smart water meter pilot programs enhance water management efficiency, cutting-edge wireless module slashes smart meter deployment costs for utilities.
Player-adopted strategies in the water meter market include focus on expanding its business capabilities through partnership to expand its operational capabilities.
To take advantage of the opportunities, the analyst recommends the water meter market companies to focus on advancing cloud-based smart meter systems, focus on expanding IoT-based monitoring capabilities, focus on deploying long-range wireless metering solutions, focus on scaling smart meter pilot programs with advanced analytics, focus on reducing deployment costs through advanced wireless modules, focus on expanding in the fastest growing smart water meter segment, expand in emerging markets, focus on expanding regional distribution and direct access, focus on tiered pricing and value-based differentiation, focus on strengthening institutional outreach and buyer education, focus on digital engagement and brand visibility and focus on capturing growth in the industrial water meter segment.
This product will be delivered within 3-5 business days.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Global Water Meter Growth Analysis and Strategic Analysis Framework
9 Global Water Meter Market Segmentation
10 Water Meter Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Western Europe Market
13 Eastern Europe Market
14 North America Market
15 South America Market
16 Middle East Market
17 Africa Market
18 Competitive Landscape and Company Profiles
19 Other Major and Innovative Companies
22 Key Mergers and Acquisitions
23 Recent Development in Water Meter
24 Opportunities and Strategies
25 Water Meter Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Water Meter Global Market Opportunities and Strategies To 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global water meter market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
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? The water meter market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider water meter market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product type and by application.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework - Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size and Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by animal type and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Recent Developments - Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for water meter providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Product Type: Mechanical Water Meter; Smart Water Meter2) By Application: Residential; Commercial; Industrial
Companies Mentioned: Badger Meter Inc.; Xylem Inc.; Mueller Water Products Inc.; Roper Technologies Inc.; Aichi Tokei Denki Co.
Countries: China; Australia; India; Indonesia; Japan; South Korea;USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; 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; water meter indicators comparison.
Data Segmentation: 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.
Companies Mentioned
The companies featured in this Water Meter market report include:- Badger Meter Inc.
- Xylem Inc.
- Mueller Water Products Inc.
- Roper Technologies Inc.
- Aichi Tokei Denki Co.
- Itron Inc.
- Landis+Gyr Group AG
- Ningbo Water Meter Co Ltd.
- Azbil Co. Ltd.
- Viewshine Ltd.
- BMAG Valves
- Chugoku Electric Power
- Sense
- TOYOKEIKI Co.
- Aichi Tokei Denki Co., Ltd.
- Osaka Meter Co., Ltd.
- Shinagawa Keiki Co., Ltd.
- Tokyo Keiki Inc.
- Nihon Keiki Co., Ltd.
- Shenzhen Kaifa Technology Co., Ltd
- ABB India
- Hangzhou Laison Technology co. ltd
- Diehl Metering
- Peltek
- Apator
- Schneider Electric
- Siemens
- Arad Group
- Sensus
- Jiangxi Sanchuan
- Ressam Hardware International Limited
- M.I.Tech Co., Ltd
- Korea Meter Co., Ltd
- Hanseo Precision Meter Co., Ltd
- SUEZ
- Abbanoa
- Affinity
- United Utilities
- Severn Trent plc
- Veolia Water
- E. ON
- Kamstrup
- Landustrie Sneek BV
- Royal Eijkelkamp
- Delta-T Devices Ltd
- Aerzener Maschinenfabrik
- ZENNER International GmbH & Co
- Sontex SA
- B Meters Metering Solutions
- Neptune Technology Group
- Intellimeter Canada Inc.
- QMC Metering Solutions
- Orca Water
- CARMA Corp.
- Ameresco
- Honeywell International, Inc.
- Roper Technologies, Inc.
- Master Meter, Inc.
- Metron-Farnier LLC
- Aclara Technologies LLC
- LAAGER Tecnologias Sustentáveis Ltda
- Everynet Bv
- ST Engineering
- Star Measure
- Hydrometer Brazil
- Hidrocontrol S.A.
- Kamstrup Middle East FZC
- Halawa Tax Meter
- Newterra, Ltd
- Spire Metering Technology
- Munters
- Esli Water Treatment Company
- Water Utility Solutions
- Precision Meters (Pty) Ltd
- Indecx Instrumentation
- Flotron
- Dayliff water meter
- Maji Milele
- Lesira-Teq
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 275 |
| Published | September 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 14.89 Billion |
| Forecasted Market Value ( USD | $ 27.91 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 80 |
