Global Smart Water Meter Market to Reach US$ 13.1 Billion by 2028, Bolstered by Rising Global Population

January 31, 2022

The latest report by IMARC Group, titled “Smart Water Meter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global smart water meter market reached a value of US$ 7.0 Billion in 2022. Smart water meters are devices that measure the quantity of water used in various residential, commercial, and industrial applications. They can be integrated with wired and wireless communication technologies, such as the internet, Wi-Fi, and LAN or wide area networks, to measure consumption data, primarily for the purposes of billing. Smart water meters help to reduce non-revenue water (NRW) wastage, enhance accuracy in billing, and lower the carbon footprint of the users. Smart water meters enable the utility providers to automatically collect consumption data, improve efficiency, eliminate the need for manual meter readings, and provide a cost-effective option.

Global Smart Water Meter Market Trends: 

The market is primarily driven by the increasing population and rapid urbanization across the globe. The rising need for accuracy in water billing solutions in the residential sector is also fueling the growth of the market. Smart water meters have gained prominence in recent years owing to the rising focus on optimizing water consumption. There is also a high demand for smart meters in the automobile, manufacturing, and construction industries. In addition to this, government and non-governmental organizations are implementing various initiatives and undertaking campaigns to save water. In line with this, market players are also investing in research and development (R&D) activities to introduce efficient remote sensing metering solutions. Furthermore, technological advancements have resulted in the development of metering systems designed with materials like thermoplastics, which allow enterprises to promote sustainability by recycling the devices. Looking forward, the market is expected to reach US$ 13.1 Billion by 2028, exhibiting a CAGR of 11.1% during 2023-2028. 

Market Summary: 

  • Based on the product, the market has been segmented into electromagnetic, ultrasonic, electromechanical, and other meters.
  • On the basis of the meter type, the market has been classified into smart hot- and smart cold-water meters.
  • The market has been bifurcated based on the configuration type into automated metering reading (AMR) and advanced metering infrastructure (AMI).
  • On the basis of the component, the market has been segregated into meters and accessories, IT solutions, and communication systems.
  • Based on the application, the market has been categorized into water utilities, commercial, industrial, and residential.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Badger Meter, Inc., Kamstrup A/S, Diehl Stiftung & Co. KG, Landis+Gyr AG, Aclara Technologies LLC (Hubbell Incorporated), Sensus Worldwide Holdings Limited (Xylem Inc.), Itron Inc., Zenner International GmbH & Co. KG, and Neptune Technology Group (Roper Technologies).

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Smart Water Meter Market to Reach US$ 13.1 Billion by 2028, Bolstered by Rising Global Population
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More