North America Smart Water Meters Market Size, Share & Industry Analysis Report By Technology (AMR, and AMI), By Meter Type (Electromagnetic Meter, Ultrasonic Meter, and Mechanical Meter), By Application (Residential, Commercial, and Industrial), By Countr

The North America Smart Water Meters Market would witness market growth of 9.4% CAGR during the forecast period (2025-2032).

The US market dominated the North America Smart Water Meters Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $4,874.5 million by 2032. The Canada market is experiencing a CAGR of 11.7% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 10.4% during (2025 - 2032).

The smart water meters market is also witnessing rapid innovation in hardware design, communication technologies, and user interfaces. Meter manufacturers are developing ultra-low-power devices that can operate for years on a single battery, reducing maintenance costs and environmental impact. The proliferation of communication options—including radio frequency (RF), cellular, LoRaWAN, NB-IoT, and Zigbee—enables utilities to choose the most appropriate technology for their geographic, topological, and operational needs.

Moreover, hybrid communication architectures that combine several protocols ensure network resilience, coverage, and scalability, particularly in rural or challenging environments. User interfaces are becoming more intuitive, with visually rich dashboards, voice-activated controls, and multilingual support that cater to diverse user populations. Augmented reality (AR) and virtual reality (VR) technologies are even being explored for remote meter maintenance and operator training, heralding a new era of digital workforce enablement.

Canada’s smart water meters market is expanding rapidly, driven by its commitment to modernizing water infrastructure and addressing water conservation needs. With a growing urban population and increasing pressure on water resources, Canadian municipalities are adopting smart water meters to improve efficiency and reduce non-revenue water. Cities like Toronto have mandated smart meter installations, creating a robust domestic market. These devices, integrated with IoT and data analytics, enable real-time monitoring, leak detection, and accurate billing, aligning with Canada’s sustainability goals and smart city initiatives.

Mexico’s smart water meters market is growing steadily, driven by the need to address water scarcity and modernize aging infrastructure. With over 80% of the population in urban areas and significant water stress in regions like Mexico City, smart water meters are critical for reducing non-revenue water and improving resource management. These devices, equipped with IoT and remote monitoring, enable utilities to detect leaks, optimize distribution, and enhance billing accuracy, supporting Mexico’s efforts to achieve sustainable water use in the face of rapid urbanization.

Based on Technology, the market is segmented into AMR, and AMI. Based on Meter Type, the market is segmented into Electromagnetic Meter, Ultrasonic Meter, and Mechanical Meter. Based on Application, the market is segmented into Residential, Commercial, and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Itron, Inc.
• Neptune Technology Group Inc. (Roper Technologies, Inc.)
• Honeywell International Inc.
• Badger Meter, Inc.
• Landis+Gyr Group AG
• Hubbell Incorporated
• Arad Group
• Diehl Stiftung & Co. KG
• B METERS S.R.L.
• Xylem, Inc. (Sensus)

North America Smart Water Meters Market Report Segmentation

By Technology

• AMR
• AMI

By Meter Type

• Electromagnetic Meter
• Ultrasonic Meter
• Mechanical Meter

By Application

• Residential
• Commercial
• Industrial

By Country

• US
• Canada
• Mexico
• Rest of North America