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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

Publisher Knowledge Based Value (KBV) Research
Published Jun 20, 2025
Length 145 Pages
SKU # KBV20173018

Description

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

Table of Contents

145 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Water Meters Market, by Technology
1.4.2 North America Smart Water Meters Market, by Meter Type
1.4.3 North America Smart Water Meters Market, by Application
1.4.4 North America Smart Water Meters Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2024
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
4.5 Porter Five Forces Analysis
Chapter 5. Value Chain Analysis of Smart Water Meters Market
5.1 Research & Development (R&D):
5.2 Component Sourcing & Procurement:
5.3 Manufacturing & Assembly:
5.4 Software Development & Integration:
5.5 Marketing & Sales:
5.6 Distribution & Logistics:
5.7 Installation & Deployment:
5.8 Post-Sales Services & Support:
5.9 Data Management & Monetization:
Chapter 6. Key Customer Criteria of Smart Water Meters Market
Chapter 7. North America Smart Water Meters Market by Technology
7.1 North America AMR Market by Country
7.2 North America AMI Market by Country
Chapter 8. North America Smart Water Meters Market by Meter Type
8.1 North America Electromagnetic Meter Market by Country
8.2 North America Ultrasonic Meter Market by Country
8.3 North America Mechanical Meter Market by Country
Chapter 9. North America Smart Water Meters Market by Application
9.1 North America Residential Market by Country
9.2 North America Commercial Market by Country
9.3 North America Industrial Market by Country
Chapter 10. North America Smart Water Meters Market by Country
10.1 US Smart Water Meters Market
10.1.1 US Smart Water Meters Market by Technology
10.1.2 US Smart Water Meters Market by Meter Type
10.1.3 US Smart Water Meters Market by Application
10.2 Canada Smart Water Meters Market
10.2.1 Canada Smart Water Meters Market by Technology
10.2.2 Canada Smart Water Meters Market by Meter Type
10.2.3 Canada Smart Water Meters Market by Application
10.3 Mexico Smart Water Meters Market
10.3.1 Mexico Smart Water Meters Market by Technology
10.3.2 Mexico Smart Water Meters Market by Meter Type
10.3.3 Mexico Smart Water Meters Market by Application
10.4 Rest of North America Smart Water Meters Market
10.4.1 Rest of North America Smart Water Meters Market by Technology
10.4.2 Rest of North America Smart Water Meters Market by Meter Type
10.4.3 Rest of North America Smart Water Meters Market by Application
Chapter 11. Company Profiles
11.1 Itron, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.2 Neptune Technology Group, Inc. (Roper Technologies, Inc.)
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expenses
11.3 Honeywell International, Inc.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expenses
11.3.5 Recent strategies and developments:
11.3.5.1 Product Launches and Product Expansions:
11.3.6 SWOT Analysis
11.4 Badger Meter, Inc.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Acquisition and Mergers:
11.5 Landis+Gyr Group AG
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional Analysis
11.5.4 Research and Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Product Launches and Product Expansions:
11.6 Hubbell Incorporated
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expenses
11.6.5 SWOT Analysis
11.7 Arad Group
11.7.1 Company Overview
11.8 Diehl Stiftung & Co. KG
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Research & Development Expense
11.8.4 Recent strategies and developments:
11.8.4.1 Product Launches and Product Expansions:
11.8.4.2 Acquisition and Mergers:
11.9 B METERS S.R.L.
11.9.1 Company Overview
11.10. Xylem, Inc. (Sensus)
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expense
11.10.5 Recent strategies and developments:
11.10.5.1 Product Launches and Product Expansions:
11.10.5.2 Acquisition and Mergers:
11.10.6 SWOT Analysis

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