Electronic Internet of Things (IoT) Water Meter Market Report 2026

The electronic internet of things (IoT) water meter market size has grown strongly in recent years. It will grow from $0.94 billion in 2025 to $1.02 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to rising water scarcity concerns, increasing adoption of traditional mechanical water meters, expansion of urban water supply infrastructure, growing need for accurate billing systems, government initiatives for water conservation.

The electronic internet of things (IoT) water meter market size is expected to see strong growth in the next few years. It will grow to $1.39 billion by 2030 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to increasing deployment of smart city infrastructure, growing adoption of IoT-enabled utility management systems, rising demand for real-time water usage analytics, expansion of automated billing and digital metering systems, increasing focus on sustainable water resource management. Major trends in the forecast period include increasing adoption of real-time water consumption monitoring systems, rising deployment of smart water billing and analytics platforms, growing integration of leak detection and water loss management features, expansion of remote meter reading solutions in urban utilities, rising use of cloud-based water infrastructure management systems.

The increasing water consumption is anticipated to drive the growth of the electronic Internet of Things (IoT) water meter market in the coming years. Water consumption refers to the demand for water across residential, commercial, and industrial sectors driven by population growth, urbanization, and expanding economic activities. The rise in water consumption is fueled by rapid urban development, improved living standards, and increasing industrial and agricultural usage, which place considerable pressure on existing water resources and distribution systems. Electronic IoT water meters support these developments by enabling real-time usage monitoring, precise billing, leak detection, and efficient demand management, thereby assisting utilities in optimizing water distribution and minimizing wastage. For example, in May 2025, the State of the Water Industry (SOTWI) survey conducted by the American Water Works Association, a US-based nonprofit organization, reported that 51.2% of utilities experienced increasing total water sales, up from 45.5% in 2024 and 40% in 2023, indicating a consistent rise in water consumption. Therefore, the increasing water consumption is driving the growth of the electronic IoT water meter market.

Leading companies operating in the electronic Internet of Things (IoT) water meter market are focusing on developing advanced solutions, such as LoRa-based smart water meters, to improve remote monitoring, enhance data accuracy, and optimize water resource management. LoRa-based smart water meters refer to intelligent devices equipped with long-range, low-power communication technology that enables real-time transmission of water consumption data to centralized systems for efficient analysis and control. For example, in May 2024, Diehl Metering, a Germany-based metering solutions company, introduced HYDRUS LoRa, an advanced ultrasonic smart water meter designed for high-precision measurement and long-term reliability. The solution integrates LoRaWAN communication technology, enabling secure, long-range data transmission and supporting utilities with remote meter reading, leak detection, and improved operational efficiency.

In September 2025, Netmore Group, a Sweden-based IoT network operator, acquired Arson Metering for an undisclosed amount. Through this acquisition, Netmore Group seeks to enhance its capabilities in remote meter reading and broaden its smart water and gas management solutions, strengthening its position in utility IoT services across Europe. Arson Metering is a Spain-based provider of metering hardware and IoT-integrated solutions for water and gas utility applications, focusing on advanced measurement, connectivity, and data services.

Major companies operating in the electronic internet of things (IoT) water meter market are Xylem Inc., Sagemcom SAS, Itron Inc., Landis+Gyr AG, Silicon Laboratories Inc., Badger Meter Inc., Kamstrup A/S, Apator S.A., Suntront Technology Co. Ltd., ZENNER International GmbH & Co. KG, UAB Axioma Metering, Arad Group, Master Meter Inc., Neptune Technology Group Inc., QUNDIS GmbH, Kritsnam Technologies Private Limited, Diehl Metering GmbH, Enthu Technology Solutions India Private Limited, Ningbo Water Meter Group Co. Ltd., Hebei Shanghong Meters Technology Co. Ltd.

North America was the largest region in the electronic Internet of Things (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 electronic internet of things (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 electronic internet of things (IoT) water meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electronic Internet of Things (IoT) water meter market consists of sales of smart ultrasonic water meters, electromagnetic IoT water meters, smart mechanical water meters, wireless smart water meters, and automated meter reading water meters. 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.

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