According to the report, the global smart water meter market is projected to expand from USD 6.6 billion in 2025 to USD 28.4 billion by 2035, registering a CAGR of 15.7%, the highest during the forecast period.
The growth of the smart water infrastructure deployments facilitated by AMI is expanding the market through improved accuracy of leak detection and real-time consumption analytics that utilities offer.
For instance, in February 2025, Itron installed Intelis wSource ultrasonic smart water meters with Publiacqua in Italy, which allowed to detect leakages, collect data real-time, and monitor the network more efficiently to curb non-revenue water and enhance the efficiency of municipal water. This is enhancing utility efficiency and sustainability as it allows more precise control of leaks and the real-time optimization of water networks.
Moreover, increasing focus on digital water transformation and IoT-enabled utility networks is accelerating adoption of intelligent metering solutions for improved operational visibility and resource optimization. For example, in April 2024, Itron installed its Intelis wSource NB-IoT smart water meters with the Cairns Regional Council in Australia, which are connected to its Temetra platform to support leak detection, customer insights, and to enhance water data management across the distribution networks. This is accelerating the shift toward connected, data-driven water utilities, improving operational efficiency and resource optimization across distribution networks.
Key Driver, Restraint, and Growth Opportunity Shaping the Global Smart Water Meter Market
Data privacy concerns and cybersecurity vulnerabilities associated with connected water metering systems are acting as a restraint on market growth. Utilities face increasing risks of data breaches and unauthorized access due to large-scale deployment of IoT-enabled devices. This necessitates additional investment in secure communication protocols and compliance frameworks, which can delay adoption timelines, particularly in sensitive municipal infrastructure environments.
Rising demand for non-revenue water (NRW) reduction programs in water-stressed regions presents a significant opportunity for smart water meter adoption. Utilities are increasingly focusing on digital monitoring solutions to minimize leakage, improve billing accuracy, and enhance resource allocation efficiency. Companies such as Badger Meter are actively expanding advanced metering and leak detection solutions to support global NRW reduction initiatives in urban water networks.
Expansion of Global Smart Water Meter Market
Rising Focus on Real-Time Leak Detection and Non-Revenue Water Reduction
Regional Analysis of Global Smart Water Meter Market
Prominent players operating in the global smart water meter market are ABB Ltd., Aclara Technologies LLC, Aichi Tokei Denki Co., Ltd., Apator S.A., Aquametro AG, Arad Group, Badger Meter, Inc., BMETERS Srl, Diehl Metering GmbH, Honeywell International Inc., Itron Inc., Kamstrup A/S, Krohne Metering GmbH, Landis+Gyr Group AG, Metron SA, Neptune Technology Group Inc., Ningbo Water Meter Co., Ltd., Shenzhen Kaifa Technology Co., Ltd., Siemens AG, Suntront Technology Co., Ltd., Xylem Inc. (Sensus), ZENNER International GmbH & Co. KG, and Other Key Players.
The global smart water meter market has been segmented as follows:
Global Smart Water Meter Market Analysis, By Meter Type
Global Smart Water Meter Market Analysis, By Technology
Global Smart Water Meter Market Analysis, By Connectivity
Global Smart Water Meter Market Analysis, By Deployment Type
Global Smart Water Meter Market Analysis, By Meter Size
Global Smart Water Meter Market Analysis, By Industry Verticals
Global Smart Water Meter Market Analysis, By Region
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