Smart Water Meter Market to Surpass USD 13.94 Billion by 2034 | CAGR: 11.8%

BySheetal Gajbhiye

Smart Water Meter Market Analysis: Opportunities, Innovations, and Growth Potential Through 2034

 

Global Smart Water Meter Market size and share is currently valued at USD 4.57 billion in 2024 and is anticipated to generate an estimated revenue of USD 13.94 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 11.8% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034

Market Definition:

The smart water meter market comprises advanced metering devices that digitally measure and transmit water consumption data for residential, commercial, and industrial users. These meters enable real-time monitoring, leak detection, automated billing, and water conservation efforts. Connected via IoT and wireless communication technologies, smart meters improve operational efficiency for utilities and enhance transparency for consumers. With rising urbanization, water scarcity concerns, and the push for smart city initiatives, smart water meters are becoming essential for sustainable resource management worldwide.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

https://www.polarismarketresearch.com/industry-analysis/smart-water-meter-market/request-for-sample 

Key Report Highlights :

  • The report highlights the key region that accounts for the highest revenue share in the global Smart Water Meter Market.
  • It identifies the leading country within this region that makes a significant contribution to the market’s overall performance.
  • The report outlines the dominant segment that holds a major share of the market.
  • It also emphasizes the fastest-growing segment projected to gain strong traction during the forecast period.
  • Qualitative and quantitative market analysis have been used to provide an in-depth understanding of the market.

Market Overview: Key Figures at a Glance:

Report Attributes

Details

Market Size Value in 2024

USD 4.57 billion

Market Size Value in 2025

USD 5.10 billion

Revenue Forecast in 2034

USD 13.94 billion

CAGR

11.8% from 2025 to 2034

Market Growth Drivers:

  • Growing Focus on Water Conservation – Smart meters help detect leaks and optimize consumption, addressing global water scarcity.

  • Smart City and Infrastructure Development – Government initiatives promote the adoption of intelligent metering solutions.

  • Operational Efficiency for Utilities – Automated data collection reduces manual readings and improves billing accuracy.

  • Advancements in IoT and Wireless Technologies – Enhanced connectivity and data analytics enable scalable smart water management systems.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭:

https://www.polarismarketresearch.com/industry-analysis/smart-water-meter-market 

Market Key Players:

The competitive landscape features a mix of long-standing companies and emerging contenders. Leading players are actively pursuing R&D initiatives and strategic moves to strengthen their market position. Notable participants include:

  • Apator SA
  • Arad Group
  • Axioma Metering
  • Badger Meter, Inc.
  • Diehl Stiftung & Co. KG
  • Itron Inc.
  • Kamstrup A/S
  • Maddalena S.P.A
  • Mom Zrt
  • Sensus USA Inc. (Xylem Inc.)
  • Suez Water Technologies & Solutions
  • Watertech S.P.A (Arad Group)
  • Zenner International GmbH & Co. KG

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