Smart Water Metering Market Report 2026

The smart water metering market size has grown rapidly in recent years. It will grow from $4.97 billion in 2025 to $5.64 billion in 2026 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to replacement of mechanical water meters, early adoption of amr-based water metering, increasing urban water consumption, rising investments in municipal water infrastructure, regulatory focus on accurate water billing.

The smart water metering market size is expected to see rapid growth in the next few years. It will grow to $8.9 billion in 2030 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to increasing investments in smart water infrastructure, rising adoption of ami-based water metering, expansion of real-time water monitoring systems, growing focus on non-revenue water reduction, increasing integration of analytics-driven water management. Major trends in the forecast period include increasing deployment of ultrasonic smart water meters, rising adoption of remote water usage monitoring, growing integration of leak detection technologies, expansion of advanced meter infrastructure for water utilities, enhanced focus on water loss reduction.

The rising urbanization is expected to drive the growth of the smart water metering market in the coming years. Urbanization refers to the increasing concentration of populations in cities and towns, accompanied by social, economic, and infrastructural changes. Smart water metering supports urbanization by providing real-time data on water usage, enabling efficient resource management, reducing water wastage, facilitating proactive infrastructure maintenance, and promoting sustainable urban planning, thereby contributing to resilient and environmentally friendly urban environments. For example, in December 2024, Our World in Data, a UK-based non-profit organization, reported that by 2050, the world’s population is projected to reach approximately 9.8 billion, with nearly 7 billion people living in urban areas. Therefore, the increasing urbanization is driving the expansion of the smart water metering market.

Significant enterprises in the smart water metering sector are concentrating on product releases, exemplified by the introduction of advanced cellular modules that transform existing gas and water meters into smart units. These next-generation cellular modules represent upgraded hardware components for cellular communication, enhancing performance and connectivity to meet evolving telecommunication standards. For instance, in May 2023, Honeywell International Inc. launched the Next Generation Cellular Module (NXCM), a solution designed to convert legacy gas and water meters into smart meters seamlessly. This innovation integrates with various meter types, enabling wireless advanced metering infrastructure through existing cellular networks. This strategic advancement aims to optimize utility providers' operations by improving monitoring, safety, and data capture, ultimately reducing costs and offering accurate usage information.

In September 2025, Netmore Group, a Sweden-based technology company, acquired Arson Metering for an undisclosed amount. Through this acquisition, Netmore aimed to enhance its capabilities and expand its offerings to water and gas utilities by integrating Arson’s expertise in metering and IoT enablement, strengthening its end-to-end smart utility solutions portfolio. ArsonData Metering SL is a Spain-based provider of metering hardware and IoT-integrated solutions for water and gas utility applications, specializing in advanced measurement, connectivity, and data services.

Major companies operating in the smart water metering market are Honeywell International Inc., Diehl Stiftung & Co KG, Itron Inc., Landis+Gyr Group AG, Aclara Technologies LLC, Badger Meter Inc., Kamstrup A/S, Arad Group, Apator SA, Zenner International GmbH & Co KG, Sensus USA Inc., Axioma Metering, Maddalena SpA, INTEGRA Metering AG, WAVIoT, Ketos Digital Services Private Limited, WaterSMART Solutions Ltd., MOM Zrt., BETAR Company, WaterTech SpA, Elster Group GmbH, DH Metering Europe SA, G. GIOANOLA Srl, Hebei Shanghong Water Meters Technology Co Ltd., Smartflow Engineering Services Private Limited, WEGoT Utility Solutions Pty. Ltd.

North America was the largest region in the smart water metering market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart water metering market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart water metering market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart water metering market consists of revenues earned by entities by providing smart water metering services using meters, modules, pressure sensor and valves. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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