Smart Water Metering Market By Technology (AMI, AMR, IoT-Based Smart Meters), By Component (Hardware, Software, Services), By End-User Industry (Residential, Commercial, Industrial, Municipal), and By Region; Global Insights & Forecast (2023– 2030)

As per Intent Market Research, the Smart Water Metering Market was valued at USD 5.4 Billion in 2024-e and will surpass USD 10.3 Billion by 2030; growing at a CAGR of 11.5% during 2025-2030.

The smart water metering market is evolving rapidly, driven by the need for advanced technology to manage water consumption more efficiently and reduce wastage. These solutions leverage automation, real-time data, and connectivity to provide accurate readings, enhance water conservation, and streamline billing processes. With growing concerns over water scarcity and increasing demand for sustainable practices, smart water meters have become a critical component for water utilities, municipalities, and industries alike. As the adoption of smart water meters increases, several key trends are shaping the market’s development, including the rise of IoT-based solutions and advanced metering infrastructure (AMI).

AMI (Advanced Metering Infrastructure) Segment Is Largest Owing to Comprehensive Monitoring Capabilities

The AMI (Advanced Metering Infrastructure) segment holds the largest share of the smart water metering market, owing to its ability to provide utilities with detailed, real-time data on water usage across vast networks. AMI integrates smart meters with communication technologies, enabling two-way data transmission between the meter and the utility provider. This infrastructure allows for continuous monitoring, real-time leak detection, and better water management, ultimately leading to optimized resource use and improved customer service.

The growth of AMI is driven by increasing demand for accurate billing, automated data collection, and better management of water resources. Additionally, AMI supports a broad range of applications such as remote meter reading, system optimization, and demand forecasting. This robust technology ensures more efficient operation, which is particularly valuable for large municipalities and water utilities looking to improve operational efficiency and reduce manual labor costs. With the shift towards smart cities and increasing regulatory pressure on utilities to optimize water distribution, AMI is expected to maintain its dominance in the market.

Hardware Segment Is Largest Owing to Core Role in Smart Metering Solutions

The hardware segment, encompassing the physical components of smart meters, is the largest in the overall smart water metering market. Hardware includes the meters themselves, communication devices, data loggers, and other necessary equipment that form the backbone of the metering solution. These devices are crucial for capturing and transmitting accurate water consumption data to utility providers, allowing for efficient monitoring and management of water resources.

The growth of the hardware segment can be attributed to the widespread adoption of smart meters in both residential and commercial applications. As utilities seek to modernize their infrastructure and provide better customer service, there is a growing demand for reliable, long-lasting hardware solutions that can withstand environmental factors. These meters offer enhanced accuracy, ease of installation, and are designed for long-term use, making them indispensable in the development of smart water management systems.

Residential Sector Is Fastest Growing Owing to Increasing Consumer Awareness and Adoption

The residential sector is the fastest-growing end-user industry in the smart water metering market, driven by rising consumer awareness of water conservation and efficiency. Smart water meters allow homeowners to track their water usage in real-time, providing insights into their consumption patterns and helping them identify areas for improvement. These systems also enable utilities to offer more accurate billing based on actual consumption, eliminating the need for estimated readings.

Additionally, as the demand for smart homes and IoT-based devices increases, integrating smart water meters into residential buildings has become an attractive proposition. Homeowners can use mobile apps to monitor their water usage, receive alerts for unusual consumption, and even detect potential leaks. With growing environmental concerns and the need for efficient water usage in urban areas, the residential segment is poised to experience rapid growth in the coming years.

North America Region Is Largest Owing to Technological Advancements and Regulatory Support

North America is the largest region in the smart water metering market, primarily due to technological advancements and strong regulatory support for water conservation initiatives. The region is home to several leading companies in the field, and its well-developed water infrastructure has facilitated the adoption of advanced metering solutions. Additionally, government regulations and environmental policies encouraging sustainable water management practices are pushing utilities to adopt smart water meters more widely.

Utilities in North America are focusing on improving operational efficiency, reducing water loss, and enhancing customer service, which has significantly contributed to the market's growth in this region. Moreover, the ongoing efforts to digitize water management systems and transition to smart cities are accelerating the adoption of AMI and IoT-based solutions across residential, commercial, and industrial sectors.

Leading Companies and Competitive Landscape

The smart water metering market is highly competitive, with a number of key players vying for market share through product innovation, partnerships, and acquisitions. Leading companies in the market include Itron Inc., Landis+Gyr, Honeywell International Inc., Sensus (Xylem), and Badger Meter, among others. These companies are focusing on expanding their product portfolios with advanced metering solutions, integrating IoT and cloud-based technologies to offer more comprehensive water management systems.

The competitive landscape is also shaped by a growing trend towards strategic collaborations between technology providers, water utilities, and municipalities. Companies are leveraging their technological expertise and market presence to develop customized smart water metering solutions that meet the unique needs of different regions and sectors. As the market continues to evolve, the focus will likely shift towards providing end-to-end solutions that offer not just data collection but also data analytics, predictive maintenance, and actionable insights for more efficient water resource management.

Recent Developments:

• In 2024, Itron entered a collaboration with a California-based utility to roll out its next-generation smart water metering systems, aimed at improving operational efficiency.
• Honeywell acquired Sensus in 2023 to enhance its smart water metering and energy management solutions, focusing on IoT-based infrastructure.
• In late 2023, Xylem introduced an advanced water metering system that leverages IoT and real-time analytics for improved water conservation.
• Kamstrup signed a contract in 2023 to provide smart water meters and AMI technology to municipalities in the Middle East, aiming to enhance water management across the region.
• In 2024, Sierra Wireless unveiled an upgraded IoT platform with 5G connectivity to support smart water meters, providing faster and more reliable data transmission.

List of Leading Companies:

• Itron Inc.
• Landis+Gyr
• Sensus (Xylem)
• Honeywell International Inc.
• Schneider Electric
• Diehl Stiftung & Co. KG
• Kamstrup A/S
• Badger Meter
• Sierra Wireless
• Zenner International GmbH & Co. KG
• Metron-Farnier
• Arad Group
• Navius LLC
• Elster Group
• Uptake Technologies

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