Smart Water Metering Market Size, Share Analysis and Forecast 2032

Smart Water Metering Market Size

The global smart water metering market size was worth around USD 4.78 billion in 2023 and is predicted to grow to around USD 42.27 billion by 2032 with a compound annual growth rate (CAGR) of roughly 27.4% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Smart Water Metering market on a global and regional level.

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Global Smart Water Metering Market: Overview

The smart water meter is a technology device that uses the internet in order to measure consumption data for billing purposes. This device can be used for billing water, energy, and natural gas consumption in the residential, commercial, and industrial areas. The smart water meter system is comprised of a water meter, electric meter, and control unit. The smart water metering technology is used to reduce non-revenue water wastage, obtain accuracy in billing, and reduce carbon footprint. The smart water metering systems have various applications in the various areas such as residential, commercial, and industrial due to the demand for accurate bills, data processing, measurement, and control.

Global Smart Water Metering Market: Growth Factors

The growth factors driving the global smart water metering market are the increasing demand for reconstruction of old water infrastructures, need for accurate billing, and water wastage reduction. The rising demand for the reduction in the overall costing, reduction in greenhouse gas footprint, and demand for an efficient and accurate water operation in the residential, industrial, and commercial sector is also a reason fuelling the growth of the global market. The checking of operations at the user and distributor end saves money which in turn boosts the global smart water metering market. The government water utility body is adapting smarter water metering technology in various regions to overcome the water-related problems in the future which drives the global market.

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Global Smart Water Metering Market: Segmentation

The global smart water metering market is segmented based on type, component, and application.

By Component segment is further bifurcated into IT solution, communication, and meters and accessories.

By Type segment is divided into advanced metering infrastructure and automatic meter reading which are further classified into the multi-jet flow, velocity flow, single-jet flow, electromagnetic, positive displacement, and fluidic oscillator. 

By Application segment is categorized into water utilities, commercial, residential, and industrial. The meter and accessories and automatic meter reading segments dominate the global smart water metering market.

Recent Developments:

• 2025 (March): Badger Meter introduced the B 7000 Ultra, an advanced AMI ultrasonic water meter with cellular connectivity and edge analytics.
• 2025 (April): Elster completed the acquisition of Aclara Technologies, reinforcing its position in smart water metering and utility data platforms across North America.
• 2025 (June): Diehl Metering acquired Nanjing K&J’s smart water meter business to expand its presence in the Asia Pacific.
•  2025 (November): Metrowater (Chennai) advanced smart water meter installations, with orders expected for ~100,000 meters to enhance real-time billing and leakage tracking.
• 2025 (Plan): Haryana Shahari Vikas Pradhikaran (Panchkula) announced LoRaWAN-enabled ultrasonic smart water meter deployments with SCADA integration.
• 2025: Itron and WaterSmart Software formed a strategic alliance to deliver improved consumer engagement and analytical insights through smart water metering.
• 2024: Itron released a next generation cloud based water intelligence platform and cellular connected water meters for urban deployments.
• 2024 (Q2 reports, confirming 2023 deal): Badger Meter acquired Syrinix, strengthening its water monitoring portfolio and infrastructure reach.
• 2023–2024 (Context): Schneider Electric unveiled a hybrid smart meter capable of managing both water and energy usage for integrated building systems.

Smart Water Metering Market: Report Scope

Global Smart Water Metering Market: Regional Analysis

North America leads the global smart water metering market, followed by Europe. The reason for the growth in these reasons is water monitoring and water leakage prevention and the repairing of old water infrastructure. The smart water meter technology is being implemented in regions such as France, the U.K., and Germany is expected to drive global smart water metering market.

Global Smart Water Metering Market: Competitive Players

The major players that dominate the global smart water metering market include:

• Itron Inc.
• Sensus
• Badger Meter Inc.
• Aclara Technologies LLC
• Landis+Gyr
• Kamstrup A/S
• Datamatic Inc.
• Arqiva Ltd.
• Neptune Technology Group Inc.
• Elster Group GmbH
• Arad Ltd.
• Diehl Metering GmbH
• B METERS s.r.l.
• Aquiba
• Jianggxi Sanchuan Water Meter
• Cyan Holdings
• Badger Meter
• Elster Water Metering.

The Global Smart Water Metering Market is segmented as follows:

By Component 

• IT Solution
• Communication
• Meters & Accessories

By Type 

• Advanced Metering Infrastructure 
• Automatic Meter Reading 
  • Multi-Jet Flow
  • Velocity Flow
  • Single-Jet Flow
  • Electromagnetic
  • Positive Displacement
  • Fluidic Oscillator

By Application 

• Water Utilities
• Commercial
• Residential
• Industrial

Global Smart Water Metering Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.