Press release
Smart Water Metering Market Size to Reach USD 10.57 Billion by 2033 | IoT Connectivity, Leak Detection Support Growth
Smart Water Metering Market Size
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Smart Water Metering Market Recent Developments
U.S. Recent Developments
June 2026 - Itron: Itron announced a collaboration with Watercare Services for New Zealand's largest smart water meter upgrade. The project includes 100,000 Itron Intelis wSource digital water meters and forms part of Watercare's plan to connect almost half a million smart meters across the Auckland region.
June 2026 - Itron: Itron announced a collaboration with Corsica's Office d'Equipement Hydraulique de Corse to replace 10,000 mechanical meters with ultrasonic solid-state water meters, supporting water conservation and improved consumption-data accuracy.
May 2026 - Itron: Itron completed its smart water management project with Thane Municipal Corporation in India. The project combines smart water meters with the Temetra meter-data-management platform to support leak detection, billing accuracy and distribution efficiency.
May 2026 - Itron: Hunter Water expanded its digital metering program with Itron through a pilot involving 2,000 NB-IoT ultrasonic water meters, with deployment scheduled for Q3 2026.
Japan Recent Developments
March 2026 - Japan Water Research Center: The Japan Water Research Center launched recruitment for its second New-Smart Project, a three-year initiative running from 2026 through March 2029 to advance smart water-meter implementation and address identified challenges.
March 2026 - Tokyo Metropolitan Government: Tokyo Waterworks continued implementing its smart-meter program. The utility reported that its earlier pilot installed approximately 130,000 smart meters, achieved a 98% communication success rate, and demonstrated functions including water-use visualization and early leak detection.
2026 - Tokyo Waterworks: Tokyo's smart-meter implementation plan targets approximately 1 million additional smart meters during FY2025-FY2028, with the longer-term objective of deployment to all households in the 2030s.
Smart Water Metering Market Mergers and Acquisitions
May 2026 - Xylem and AURELIUS: Xylem completed the previously announced sale of its Sensus International metering business to AURELIUS. Xylem retained its North American Sensus business, while the transaction transferred Sensus's water and heat metering operations outside North America.
2026 - Xylem/Sensus portfolio: Sensus continues to provide remotely managed smart water technologies, including connected meters, communication systems and analytics for utilities and municipalities.
2026 - Digital water technology expansion: Itron continued expanding smart water deployments through utility projects involving digital meters, NB-IoT connectivity, meter-data management and leak-detection capabilities.
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Smart Water Metering Market Segment
By Meter Type
• Mechanical meters - 55.4%
• Electromagnetic meters
• Ultrasonic meters
By Technology
• Advanced Metering Infrastructure (AMI) - 59.7%
• Automatic Meter Reading (AMR)
• IoT-enabled metering
• Smart sensors and analytics
By Application
• Residential - 52.6%
• Commercial
• Industrial
• Municipal
By Component
• Meters - 57.5%
• Communication infrastructure
• Software and data-management platforms
• Services
Smart Water Metering Companies
• Neptune Technology Group
• Kamstrup
• Zenner
• Xylem Inc.
• Honeywell International Inc.
Xylem Inc.: Through Sensus, Xylem provides smart water meters, AMI communication infrastructure and analytics for water utilities. Its FlexNet network and Sensus Analytics platform support remote management, water-loss monitoring and utility operations.
Kamstrup: Kamstrup develops smart water meters and digital water-management solutions, including ultrasonic meters and its flowIQ Smart Water Platform. Its solutions are designed to provide consumption data, support leak detection and help utilities reduce non-revenue water.
Regional Analysis
United States holds the largest share of the smart water metering market according to the supplied market scope. The country has an established utility technology ecosystem and significant deployment of connected metering and AMI solutions. Xylem's Sensus portfolio currently serves more than 12 million water endpoints through its FlexNet AMI network, demonstrating the scale of connected water-meter infrastructure supported by the company.
Japan is also expanding smart-meter infrastructure. Tokyo Waterworks plans to install approximately 1 million smart meters during FY2025-FY2028 and is targeting whole-household deployment during the 2030s. Its earlier pilot program installed approximately 130,000 smart meters, achieving a 98% communication success rate, before moving toward the larger rollout.
Conclusion
The smart water metering market forecast indicates continued demand for connected meters, AMI, ultrasonic measurement, IoT communication, data analytics and automated leak detection. Growing water scarcity, non-revenue water, infrastructure modernization and the need for more frequent consumption data are expected to support market growth. For the industry, meter accuracy, connectivity, cybersecurity, interoperability, installation costs and data-management capabilities will remain important considerations.
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FAQs
1. What is driving smart water metering market growth?
2. Which meter type is important in the smart water metering market?
3. What is the smart water metering market forecast?
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