Press release
Smart Water Meter Market Set for Strong Growth: Detailed SWOT Analysis and Forecast (2025-2034)
Smart Water Meter Market
The global smart water meter market size was valued at USD 4.57 billion in 2024. It is anticipated to generate an estimated revenue of USD 13.94 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust CAGR of 11.8% over the forecasted timeframe, 2025-2034.
Market Description
Smart water meters are an advanced metering framework that calculates and registers water usage precisely and in real-time. Unlike conventional water meters, which need manual reading and are subjected to human fallacies, smart water meters provide automatic meter readings (AMR) that are imparted to utility firms for billing and analysis motives.
Smart meters utilize wireless communication technology to convey data on water usage to a central server. This data is then inspected and utilized for billing reasons, leak discernment, and water preservation enterprises. Consumers can acquire their water usage data through a web portal or mobile app permitting them to observe their usage and make educated choices about their water usage analytics.
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Market Drivers
Integration of IoT Technology: The integration of IoT technology enhances the interaction between water meters and utility donors, permitting automated meter reading, predictive maintenance, and enhanced functional productivity. For instance, in November 2022, Landis+Gyr instigated ultrasonic smart water meters W270 and W370, promoting IoT technology for mat water frameworks and supporting the smart water meter market growth.
Growing Water Usage Regulation: Utilities and governments are concentrating on advanced metering solutions to observe and control water usage. Smart water meters offer accurate data on intake, enabling prompt leak inspection and upkeep endeavors. These meters reinforce green water management effectively by easing demand-dependent dissemination and decreasing unproductive water losses.
Key Competitors
The global market is fragmented, with entrenched contenders accounting for a notable share of the market demand. Some of the companies which are currently dominating the market are:
• Apator SA
• Arad Group
• Axioma Metering
• Badger Meter, Inc.
• Diehl Stiftung & Co. KG
• Itron Inc.
• Kamstrup A/S
• Maddalena S.P.A
• Mom Zrt
• Sensus USA Inc. (Xylem Inc.)
• Suez Water Technologies & Solutions
• Watertech S.P.A (Arad Group)
• Zenner International GmbH & Co. KG
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Smart Water Meter Market Report Highlights
📚 In terms of application, the water utilities segment led the smart water meter market expansion in 2024, driven by the growing adoption of advanced metering infrastructure (AMI) by municipal water authorities.
📚 Based on meter type, the ultrasonic segment is anticipated to experience the fastest growth during the forecast period, owing to its high accuracy, durability, and maintenance-free operation.
📚 North America accounted for the largest share of smart water meter market revenue in 2024, supported by robust regulatory frameworks, advanced infrastructure, and widespread implementation of smart water management solutions.
📚 Asia Pacific is expected to see significant growth during the forecast period, fueled by rapid urbanization, population expansion, and rising concerns over water scarcity.
Regional Analysis
North America dominated the global smart water meter market in 2024, driven by a robust regulatory structure, progressive framework, and extensive adoption of smart water management solutions.
Asia Pacific is projected to witness substantial growth during the forecast period due to speedy urbanization, population growth, and growing consumer worries over water shortage. Governments across the region are funding smart water frameworks to confront the growing demand and enhance resource handling.
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Segmental Division
Smart Water Meter Market, Technology Outlook (Revenue - USD Billion, 2020-2034)
• Automated Meter Reading
• Advanced Meter Reading
Smart Water Meter Market, Application Outlook (Revenue - USD Billion, 2020-2034)
• Water Utilities
• Industries
Smart Water Meter Market, Meter Type Outlook (Revenue - USD Billion, 2020-2034)
• Electromagnetic
• Ultrasonic
• Smart Mechanical
Smart Water Meter Market, Component Outlook (Revenue - USD Billion, 2020-2034)
• Meters & Accessories
• IT Solutions
• Communications
✅ Toc:
1. Global Smart Water Meter Market, by Technology
1.1. Key Findings
1.2. Introduction
1.2.1. Global Smart Water Meter Market, by Technology, 2020-2034 (USD billion)
1.3. Automated Meter Reading
1.3.1. Global Smart Water Meter Market, by Automated Meter Reading, by Region, 2020-2034 (USD billion)
1.4. Advanced Meter Reading
1.4.1. Global Smart Water Meter Market, by Advanced Meter Reading, by Region, 2020-2034 (USD billion)
2. Global Smart Water Meter Market, by Application
2.1. Key Findings
2.2. Introduction
2.2.1. Global Smart Water Meter Market, by Application, 2020-2034 (USD billion)
2.3. Water Utilities
2.3.1. Global Smart Water Meter Market, by Water Utilities, by Region, 2020-2034 (USD billion)
2.4. Industries
2.4.1. Global Smart Water Meter Market, by Industries, by Region, 2020-2034 (USD billion)
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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