Smart Water Meter Market Report by Trends, Drivers, and Challenges - 2025

The Global Smart Water Meter market is projected to increase from US$ 1,506.2 million in 2017 to US$ 3,832.0 million by 2025, achieving a compound annual growth rate (CAGR) of 12.4% from 2018 to 2025.

Numerous government initiatives are currently fostering the growth of the smart water meter sector. In various regions of the United States, the implementation of smart water meters has been successfully supported by government funding. For example, the Queensland state government in Australia allocated US$ 10 million to roll out smart water meters across different areas, aiming to enhance water efficiency programs during the fiscal year 2017-2018. In a similar vein, in November 2017, Ghana's Ministry of Water and Sanitation awarded a contract to Kamstrup A/S for the provision of 500,000 smart water meters, targeting the issues of water scarcity and high levels of non-revenue water. The smart water meter market is expected to experience significant growth in the upcoming years, driven by various political initiatives from governments in both developed and developing nations worldwide. Countries such as the United States, Canada, the United Kingdom, Germany, China, India, and Singapore are actively focusing on the development of smart cities, with particular attention to energy, transportation, and traffic management sectors.

The outlook for the smart water meter market is optimistic, as original equipment manufacturers (OEMs) and research institutions are consistently working towards the integration of smart and connected technologies for efficient monitoring and operations that require minimal human intervention. Consequently, advanced sensor systems are being developed, which are anticipated to attract a considerable number of industries in the near future. The Automated Meter Reading (AMR) segment is continuously evolving, with the introduction of innovative products. There is a notable increase in demand for AMR-based smart water meters, which enhance the monitoring of water usage and aim to reduce losses for water utility companies.

In our analysis, we have categorized the smart water meter market based on types, components, and end-users. Smart water meters are primarily divided into two categories: Advanced Metering Infrastructure (AMI) and Automated Meter Reading (AMR). Additionally, the market is segmented according to the components of a smart water meter system, which include the controlling unit, display, storage & integrated software, among others. The end-users of these smart water meters encompass both residential and industrial sectors. Geographically, the Smart Water Meter market is examined across North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

The market is witnessing a surge in the adoption of AMR-based devices, while several developed regions are preparing for infrastructure networks that support two-way communication. Although the AMI sub-segment is expected to exhibit the fastest growth rate, the AMR sub-segment is projected to generate the highest revenue opportunities over the forecast period due to its significant growth rate and substantial market share. Leading companies in the smart water meter industry include Sensus, Neptune Technologies, Elster Group GmbH, Aclara Technologies LLC, Badger Meters, Kamstrup, DIEHL Metering Group, ARAD Group, Mueller, and Itron. Additionally, various other companies are actively participating in the market, introducing new technologies and solutions that contribute to the expansion of the smart water meter market in terms of both volume and revenue over the years.