How Big is the Smart Water Meter Market | Industry Trends & Forecast 2025

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Code: MTA8709

Publication Date: Sep 2025

What is the size of Smart Water Meter Market?

According to 6Wresearch internal database and industry insights, the Global Smart Water Meter Market was valued at USD 3.8 Billion in 2024 and is expected to reach USD 7.3 Billion by 2031, growing at a compound annual growth rate of 9.40% during the forecast period (2025-2031).

Smart Water Meter Market adoption is accelerating in the face of water scarcity and pressure for conservation from lawmakers and regulators, the emergence of Internet of Things (IoT)-based real-time metering solutions, the modernization of urban infrastructure, and utilities' focus on becoming more efficient through real-time location and leak detection, and the optimization of billing.

Growth Factors for Smart Water Meter Market

Water scarcity and an urgent desire for efficient water systems; efficient metering means efficient water
Regulatory mandates and public policy are leading utilities to utilize smart water systems
IoT-based smart water meters provide real-time data and enabling leak detection and analytic capabilities
Infrastructure modernization and smart city deployments are driving adoption
Utilities are interested in getting billing right and eliminating non-revenue water to maximize limited financial resources

Smart Water Meter Market Trends

The Smart Water Meter Market is evolving rapidly, evidenced by a variety of trends indicating the shift toward more intelligent water infrastructure. Emerging product innovations in Smart Water Meters are related to AMI-based systems demanding two-way communication, and using LPWAN technologies such as LoRa WAN and NB-IoT for connectivity, scalable, low-power, battery-operated devices for deployment. Additionally, Smart Water Meters are evolving to support predictive analysis for maintenance, with cloud analytics being used to supplement traditional NFVs, and new ultrasonic-based meters are faster than traditional water meters and more accurate, with the possibility for more durability in harsh conditions.

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Emerging Developments in the Smart Water Meter Market

The Smart Water Meter Market is seeing developments driven by manufacturers investing in hybrid AMR/AMI metering infrastructure and the emergence of blockchain-enabled tracing for data security. Moreover, solutions now integrate AI-powered digital twins and NB-IoT platforms to enable advanced leak detection and decentralized data management, while solar-powered smart meters are being piloted for off-grid and developing regions.