Global Smart Water Meters Market Size Study & Forecast, by Type (Auto Meter Reading and Advanced Metering Infrastructure), by Application (Residential, Commercial and Industrial), and Regional Forecasts 2025–2035

The Global Smart Water Meters Market is valued at approximately USD 8.24 billion in 2024 and is expected to expand at a striking compound annual growth rate (CAGR) of 34.70% over the forecast period from 2025 to 2035. These advanced metering solutions, equipped with automated data transmission and real-time analytics, have emerged as game-changers in modern water management infrastructure. As global water scarcity intensifies and infrastructure modernization becomes imperative, governments and private utilities are turning toward smart water metering to optimize consumption, identify leakages, and enhance billing accuracy. This surge in demand is further fueled by the convergence of IoT, artificial intelligence, and smart grid technologies, which together are reshaping urban utility networks into agile, data-driven ecosystems.

The growing push for sustainable water management strategies, combined with the global ambition to transition toward smart cities, has catalyzed the adoption of intelligent metering solutions. Smart water meters not only enable two-way communication between utilities and consumers but also empower users with insights into real-time usage, thereby encouraging responsible water use. According to industry estimates, municipalities adopting smart metering solutions have reported up to 30% reductions in non-revenue water and substantial savings in operational costs. Furthermore, the integration of cloud-based platforms and advanced metering infrastructure (AMI) has enabled utilities to execute predictive maintenance, enforce demand-side management, and achieve regulatory compliance more effectively. However, high initial capital expenditure, limited interoperability among legacy systems, and concerns over data security and privacy continue to be potential deterrents to mass-scale deployment.

Regionally, North America is poised to maintain a dominant market share in 2025, underpinned by robust utility modernization programs, early adoption of smart infrastructure, and supportive regulatory frameworks across the United States and Canada. Europe follows closely, driven by ambitious environmental mandates and increasing public-private collaborations aimed at overhauling outdated water infrastructure. Meanwhile, the Asia Pacific region is forecasted to experience the fastest growth during the assessment period, spurred by rapid urbanization, mounting water stress, and significant investments in digital infrastructure across countries like China, India, Japan, and South Korea. In particular, government-driven smart city projects and the pressing need to reduce water loss in dense urban environments are expected to further fuel demand in the region.

Major market players included in this report are:
• Siemens AG
• Itron Inc.
• Schneider Electric SE
• Badger Meter, Inc.
• Diehl Stiftung & Co. KG
• Sensus (a Xylem brand)
• Kamstrup A/S
• Honeywell International Inc.
• Landis+Gyr Group AG
• Elster Group SE
• Neptune Technology Group Inc.
• Aclara Technologies LLC
• Arad Group
• Zenner International GmbH & Co. KG
• Ningbo Water Meter Co., Ltd.

Global Smart Water Meters Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025-2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Type:
• Auto Meter Reading
• Advanced Metering Infrastructure

By Application:
• Residential
• Commercial
• Industrial

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions. Show more