Water Smart Metering Market Report 2025 (Global Edition)

Global Water Smart Metering Market Report 2025 Market Size Split by Meter Type (Ultrasonic Meters, Electromagnetic Meters, Smart Mechanical Meters), by Technology (Automatic Meter Reading (AMR), Advan...

Water Smart Metering Market Report Description

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Water Smart Metering Market Insights Video

Competitive Landscape of the Water Smart Metering Market

The water smart metering market is competitive with key players like Badger Meter, Itron, and Sensus leading innovation. Companies focus on advanced metering infrastructure (AMI) solutions integrating IoT and data analytics for accurate water consumption monitoring. Global expansion strategies, partnerships with utilities, and technological advancements in wireless communication and sensor technologies drive market growth. Regulatory mandates promoting water conservation further propel market demand, fostering a competitive landscape driven by efficiency, sustainability, and digital transformation in water management.

June 2023: Badger Meter has collaborated with the city of Savannah to initiate the initial phase of implementing Advanced Metering Infrastructure (AMI), also known as "smart" meters, for its water customers. This phase involves upgrading 10,000 water meters to AMI meters as part of the city's broader system-wide implementation effort. (Source: https://www.savannahga.gov/CivicAlerts.aspx?AID=2781)

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

• Badger Meter
• Inc. (USA)
• Diehl Stiftung & Co. KG (Germany)
• Itron Inc. (USA)
• Landis+Gyr (Switzerland)
• Master Meter
• Inc. (USA)
• Mueller Systems
• LLC (USA)
• Neptune Technology Group Inc. (USA)
• Sensus (Xylem Inc.) (USA)
• Siemens AG (Germany)
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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!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Water Smart Metering Market

Which Region Dominates the Water Smart Metering Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue because of the area's aging infrastructure, regulatory initiatives promoting water conservation, and a strong emphasis on efficiency drive market growth. Companies like Badger Meter, Itron, and Sensus dominate with their innovative solutions, leveraging IoT and data analytics for precise metering. Additionally, robust investment in smart city initiatives and increasing awareness about water scarcity further bolster North America's dominance in this sector.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is experiencing rapid growth in the water smart metering market due to urbanization, industrialization, and increasing water management challenges. Governments are investing heavily in smart city infrastructure, driving demand for advanced metering solutions. Rising population and water scarcity concerns propel adoption of technologies like AMI systems, fostering efficient water usage. Companies such as Zenner International and Siemens are expanding their presence in the region, capitalizing on opportunities in emerging economies like China and India. These factors contribute to the region's fastest compound annual growth rate (CAGR) in the water smart metering market.

 

The current report Scope analyzes Water Smart 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 Water Smart Metering Market Analysis

According to Cognitive Market Research, the global Water Smart Metering market size was estimated at USD 3841.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1536.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Water Smart Metering market with a market size of USD 1212.28 million in 2024 and is projected to grow at a CAGR of 11.0% during the forecast period. The demand is amplified by the nation's increasing government regulations promoting water conservation.
• The Canada Water Smart Metering market had a market share of USD 184.38 million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. Canada's robust consumer demand and a diverse range of applications to increased usage of Water Smart Metering.
• The Mexico Water Smart Metering market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 139.82 million in 2024.

Europe Water Smart Metering Market Analysis

According to Cognitive Market Research, the global Water Smart Metering market size was estimated at USD 3841.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1152.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.

• The United Kingdom Water Smart Metering market had a market share of USD 193.60 million in 2024 and is projected to grow at a CAGR of 12.3% during the forecast period. In the UK, Water Smart Metering sales witness an upswing due to the nation's stringent regulatory frameworks promoting water efficiency and conservation.
• The France Water Smart Metering market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 106.02 million in 2024.
• According to Cognitive Market Research, the Germany Water Smart Metering market size was valued at USD 228.17 million in 2024 and is projected to grow at a CAGR of 11.7% during the forecast period. In Germany, Water Smart Metering sales surged due to growing environmental consciousness.
• The Italy Water Smart Metering market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 99.10 million in 2024.
• The Russia Water Smart Metering market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 178.62 million in 2024.
• The Spain Water Smart Metering market is projected to witness growth at a CAGR of 10.6% during the forecast period with a market size of USD 94.49 million in 2024
• The Luxembourg Water Smart Metering market is projected to witness growth at a CAGR of 11.6% during the forecast period, with a market size of USD 35.72 million in 2024.
• The Portugal Water Smart Metering market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 24.20 million in 2024.
• The Greece Water Smart Metering market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 13.83 million in 2024.
• Rest of Europe's Water Smart Metering market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 178.62 million in 2024.

Asia Pacific Water Smart Metering Market Analysis

According to Cognitive Market Research, the global Water Smart Metering market size was estimated at USD 3841.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 883.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Water Smart Metering market size was valued at USD 397.56 million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. Water Smart Metering sales surge in China due to rapid urbanization and industrialization, increasing demand for efficient water management solutions.
• The Japan Water Smart Metering market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 121.92 million in 2024.
• The India Water Smart Metering market had a market share of USD 106.02 million in 2024 and is projected to grow at a CAGR of 16.8% during the forecast period. India's increasing demand for efficient water management solutions augment the demand encourage adoption of water technologies.
• The South Korea Water Smart Metering market is projected to witness growth at a CAGR of 14.1% during the forecast period, with a market size of USD 88.35 million in 2024.
• The Australia Water Smart Metering market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 45.94 million in 2024.
• The South East Asia Water Smart Metering market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 60.96 million in 2024.
• The Rest of Asia Pacific Water Smart Metering market is projected to witness growth at a CAGR of 14.8% during the forecast period, with a market size of USD 62.73 million in 2024.

South America Water Smart Metering Market Analysis

According to Cognitive Market Research, the global Water Smart Metering market size was estimated at USD 3841.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 192.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Water Smart Metering market size was valued at USD 82.20 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. Water Smart Metering sales flourish in Brazil due to increasing water scarcity and the need for efficient water management solutions.
• Argentina Water Smart Metering market had a market share of USD 32.27 million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. Argentina's investments in modernizing water infrastructure augment the demand to drive innovation in the water industry.
• Colombia Water Smart Metering market is projected to witness growth at a CAGR of 12.2% during the forecast period with a market size of USD 17.09 million in 2024.
• Peru Water Smart Metering market is projected to witness growth at a CAGR of 12.6% during the forecast period with a market size of USD 15.75 million in 2024.
• Chile Water Smart Metering market is projected to witness growth at a CAGR of 12.7% during the forecast period with a market size of USD 13.83 million in 2024.
• The Rest of Latin America Water Smart Metering market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 30.92 million in 2024.

Middle East Water Smart Metering Market Analysis

According to Cognitive Market Research, the global Water Smart Metering market size was estimated at USD 3841.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 76.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.

• The GCC Countries Water Smart Metering market is projected to witness growth at a CAGR of 13.5% during the forecast period with a market size of USD 32.88 million in 2024. Water Smart Metering sales flourish due to increasing water scarcity and the critical need for efficient water management solutions.
• The Egypt Water Smart Metering market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 8.07 million in 2024.
• The South Africa Water Smart Metering market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 12.14 million in 2024. Water Smart Metering sales flourish in South Africa due to industrial expansion.
• The Turkey Water Smart Metering market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 6.61 million in 2024.
• The Nigeria Water Smart Metering market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 8.07 million in 2024.
• The Rest of MEA Water Smart Metering market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 9.07 million in 2024.

Water Smart Metering Market Analysis

Water Smart Metering Market Meter Type Segment Analysis

According to Cognitive Market Research, Ultrasonic Meters stands out as the dominating category. Ultrasonic meters have gained the largest market share in the water smart metering market due to their accuracy, reliability, and capability to measure flow without moving parts. They offer high precision in detecting low flow rates and are unaffected by water quality variations, making them ideal for diverse applications. Moreover, ultrasonic meters support remote reading capabilities, enabling integration with AMI systems for real-time data collection and analysis. These factors drive their widespread adoption across utilities, contributing significantly to their dominant market position.

Smart mechanical meters are experiencing the highest CAGR in the water smart metering market due to their cost-effectiveness and simplicity compared to more advanced technologies. These meters combine mechanical reliability with smart functionalities such as integrated communication modules for data transmission. They appeal to utilities seeking to upgrade from traditional mechanical meters to enhance metering accuracy and efficiency without the complexity of fully digital solutions. This trend is driven by regulatory mandates, cost considerations, and the need for scalable smart metering solutions in emerging markets.

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 Water Smart Metering Industry. Request a Free Sample PDF!

Water Smart Metering Market Technology Segment Analysis

According to Cognitive Market Research, the dominating category is Automatic Meter Reading (AMR). Automatic Meter Reading (AMR) technology has captured the largest market share in the water smart metering market due to its established track record and cost-effective implementation. AMR systems enable remote monitoring and data collection from meters, reducing operational costs and manual errors associated with traditional meter reading. They offer utilities real-time insights into water consumption patterns, enhancing efficiency and customer service. Moreover, AMR technology can be easily integrated with existing infrastructure, making it a preferred choice for utilities looking to modernize metering capabilities efficiently.

Advanced Metering Infrastructure (AMI) technology is experiencing the highest CAGR in the water smart metering market due to its comprehensive capabilities in data analytics, real-time monitoring, and two-way communication. AMI systems enable utilities to remotely manage and optimize water distribution networks, improving operational efficiency and resource conservation. They support dynamic pricing models and leak detection, enhancing consumer engagement and water conservation efforts. With increasing emphasis on smart city initiatives and regulatory mandates, AMI technology is pivotal in driving sustainable water management practices globally.

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

Water Smart Metering Component Segment Analysis

Component Segment Analysis

According to Cognitive Market Research, the dominating category is Meter & Accessories. The Meter & Accessories component has captured the largest market share in the water smart metering market due to its essential role in metering accuracy and functionality. This segment includes various components such as meters, sensors, communication modules, and accessories critical for smart metering infrastructure. With utilities upgrading from traditional to smart meters, there is a significant demand for reliable and technologically advanced metering solutions. Additionally, ongoing maintenance and replacement cycles contribute to sustained growth in this segment, driving its dominant market position.

The IT Solutions component is experiencing the highest CAGR in the water smart metering market due to its pivotal role in enabling data management, analytics, and integration within advanced metering infrastructure (AMI) systems. IT solutions facilitate real-time data collection, processing, and visualization, empowering utilities to optimize water distribution, detect leaks promptly, and enhance operational efficiency. As utilities increasingly prioritize digital transformation and data-driven decision-making, the demand for robust IT solutions tailored to smart metering applications continues to rise, driving the segment's rapid growth.

• Meter & Accessories
• IT Solutions
• Communications

Water Smart Metering Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, the dominating category is Water Utilities. The Water Utilities application has captured the largest market share in the water smart metering market due to its direct impact on operational efficiency and resource management. Utilities worldwide are adopting smart metering solutions to enhance billing accuracy, reduce non-revenue water losses, and improve customer service through real-time consumption data. Regulatory mandates promoting water conservation and sustainability further drive adoption. Additionally, advancements in metering technology and integration with AMI systems enable utilities to optimize infrastructure investment and operational workflows, solidifying their market leadership in the sector.

The Industries application is experiencing the highest CAGR in the water smart metering market due to increasing demand for efficient water management solutions across industrial sectors. Industries are adopting smart metering technologies to monitor water usage, optimize processes, and comply with environmental regulations. Smart meters offer real-time data on water consumption, enabling industries to identify opportunities for conservation and operational efficiency improvements. Moreover, integration with IoT and cloud-based platforms enhances data analytics capabilities, supporting predictive maintenance and sustainability initiatives, driving the rapid growth of smart metering solutions in industrial applications.

• Water Utilities
• Industries

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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