Smart Water Meter Market Report and Forecast 2025-2034

The global smart water meter market is likely to be driven by increasing demand for efficient water management solutions, with the industry reaching a volume of about 30.20 Million Units in 2024. The market is further expected to grow at a CAGR of about 10.50% in the forecast period of 2025-2034 to reach a volume of around 81.97 Million Units by 2034.

North America Leading the Smart Water Meter Market

The smart water meter industry has seen a considerable rise in North America due to the significant advantages offered by smart water meters as well as government initiatives to support conservation of water as well as to integrate cities with internet/intranet-based services in the form of smart cities. These have seen a considerable rise of smart water meters in residential applications as compared to applications in the industrial sector. Since these apparatuses offer greater asset management, ease in maintenance and easier customer service, they are being considered as valuable investments. In the Asia-Pacific region, the demand is expected to shoot up considerably, due to a rapidly growing population, increasing urbanisation and rising industrial development.

Smart Water Meter: Market Segmentation

Smart water meters are special water meters which, in addition to measuring flow of water to a particular region, are improved by means of connection to a local network or a wider network. These connections help the flow to be controlled from a remote location, thus eliminating the need for human intervention at those specific locations. These systems may also be equipped with ultrasound waves which can help detect leaks and cracks in the pipes with better precision and before they can cause damage to the entire system. It eliminates the need for noting readings, because billing can be done automatically through the meters and sent to consumers. Since these do not require human assistance, these may be installed in applications which are generally inaccessible to humans, like underground or underwater pipelines.

The smart water meter industry can be segmented by type into:

• Electromagnetic Meter
• Ultrasonic Meter
• Mechanical Meter
• Others

It may be differentiated on the basis of water type into:

• Hot Water Meter
• Cold Water Meter

The market can be divided on the basis of technology into:

• AMR
• Advanced Meter Infrastructure (AMI)

It may be segmented by component as:

• Meters and Accessories
• IT Solutions
• Communications

The market may be divided by application into:

• Water Utilities
• Industries
• Others

The regional markets for smart water meter can be divided into:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Technological Advancements Bolstering the Market Growth for Smart Water Meters

In an age where water can be scarce, smart water meters can be a valuable investment since they can detect and alert the consumers about leaks. Since they can detect changes in the pressure, flow, and temperature, they offer greater security, which can be a significant reason for the rise in the demand for these systems. Some electromagnetic or ultrasonic meters can also reduce moving parts in the apparatus, thereby ensuring less wear and tear. These factors are likely to increase the demand for smart water meters across all regions.

Key Industry Players in the Global Smart Water Meter Market

The report gives a detailed analysis of the following key players in the global smart water meter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Xylem Inc.
• Aichi Tokei Denki Co. Ltd.
• Kamstrup A/S
• Diehl Stiftung & Co. KG
• Hubbell Incorporated
• Landis+Gyr AG
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.