Market Overview

According to fortune business insights, the global smart water meter market size was valued at USD 5.38 billion in 2025. The market is projected to grow from USD 6.02 billion in 2026 to USD 14.74 billion by 2034, exhibiting a CAGR of 11.85% during the forecast period. Europe dominated the market with a share of 34.7% in 2025.

Smart water meters are advanced devices that offer utilities and consumers greater precision and efficiency compared to traditional meters. They provide real-time data on water consumption, enabling precise billing, early leak detection, and better resource management. The market growth is driven by the rising need for sustainable water practices, the benefits of accurate billing, and the increasing adoption of IoT. Regulatory mandates for water conservation and the development of smart city infrastructure are further propelling the installation of these systems globally.

Major Players Profiled in the Market Report:

• Kamsturp (Denmark)
• Itron (US)
• Landis + Gyr (Switzerland)
• Badger Meter (US)
• Diehl (Germany)
• Neptune Technology Group Inc (US)
• Aclara Technologies (US)
• Sensus (US)
• BMETER (UK)
• Datamatic (India)
• Honeywell (US)
• ZENNER (US)

Segments

Advanced Metering Infrastructure (AMI) to Dominate Due to Two-Way Communication

By type, the market is segmented into auto meter reading (AMR) and advanced metering infrastructure (AMI). The AMI segment is expected to dominate the market share, driven by its superior operational advantages, including two-way communication between the utility and the meter, which allows for real-time data exchange and remote management.

Growing Residential Customer Base to Drive Segment Dominance