Residential Smart Water Meter Market Size - By Technology, By Product, Analysis, Share, & Forecast, 2025 - 2034

Residential Smart Water Meter Market Size

The global residential smart water meters market was valued at USD 1.7 billion in 2024 and is estimated to grow at a CAGR 25.3% from 2025 to 2034 due to the increasing awareness of water conservation, technological advancements, and supportive government policies. Smart water meters enable real-time monitoring of water usage, helping households detect leaks, reduce waste, and manage consumption efficiently. Rising concerns over water scarcity and the need for sustainable resource management are prompting utilities and municipalities to adopt smart metering solutions. Additionally, advancements in IoT and data analytics enhance the functionality of these meters, providing users with actionable insights via mobile apps and web platforms.
 

Government mandates and incentives for smart metering deployment further accelerate market adoption, particularly in regions facing water stress. The market is also benefiting from the integration of advanced communication technologies like AMI (Advanced Metering Infrastructure), ensuring precise data transmission. Overall, the convergence of environmental, technological, and regulatory factors is propelling the market growth.
 

Residential Smart Water Meter Market Trends

AMI technology is becoming a cornerstone of smart water metering systems. It enables two-way communication between the meter and utility providers, allowing real-time data collection, remote monitoring, and automated billing. AMI systems help users track water usage patterns, detect anomalies like leaks, and receive alerts, enhancing water conservation efforts. The integration of IoT (Internet of Things) with smart water meters is enabling more precise monitoring and control. IoT sensors collect granular data on water flow, pressure, and temperature, which is then analyzed using advanced analytics platforms.
 

This trend allows users and utilities to gain actionable insights, optimize water distribution, and improve maintenance schedules. Growing concerns about water scarcity and climate change are driving the adoption of smart water meters. These devices empower homeowners to better manage their water consumption, contributing to sustainability goals. Many governments and utilities are promoting the use of smart meters through incentives and awareness campaigns to reduce water wastage.
 

Residential Smart Water Meter Market Analysis

Based on technology, the AMI (Advanced Metering Infrastructure) segment is anticipated to surpass USD 13.3 billion by 2034, owing to its ability to provide real-time data collection, enhanced accuracy, and two-way communication capabilities. AMI systems enable utilities to remotely monitor water consumption, detect leaks, and automate billing processes, significantly improving operational efficiency and reducing non-revenue water losses.
 

Based on product, the residential smart water meters market is projected to achieve a CAGR of over 24.9% through 2034, since the growing demand for efficient water management in residential areas is driving the adoption of these meters. Cold-water meters are essential for monitoring potable water usage, helping households and utilities optimize consumption and reduce waste. Increasing awareness of water conservation, particularly in regions facing water scarcity, is accelerating the deployment of smart cold-water meters. Additionally, regulatory mandates promoting the use of smart meters, coupled with advancements in IoT and AMI technologies, are enhancing the functionality and accuracy of cold-water meters.
 

The U.S. residential smart water meters market is projected to surpass USD 3.6 billion by 2034, since the growing emphasis on water conservation, sustainability, and infrastructure modernization is driving widespread adoption. Increasing concerns over water scarcity, especially in drought-prone regions, are prompting utilities to deploy smart water meters that enable real-time monitoring and efficient water management. Government regulations and initiatives, such as federal and state-level mandates to reduce water waste, are further accelerating the adoption of smart metering solutions.
 

Asia Pacific is experiencing rapid urban growth, leading to increased water demand in residential areas. Smart water meters are being deployed as part of urban infrastructure projects to improve water distribution efficiency and reduce losses due to leaks or theft. The region is witnessing rapid advancements in IoT, AMI, and wireless communication technologies, making smart water meters more cost-effective and accessible. Local manufacturers are playing a crucial role in producing affordable, high-quality smart metering solutions.
 

Residential Smart Water Meter Market Share

Companies such as Itron and ABB command a significant share of the residential smart water meter industry, leveraging their extensive expertise, global footprint, and diverse product offerings. These market leaders provide advanced, integrated solutions that incorporate IoT, AI, and cloud technologies to enhance energy efficiency and water management. Their substantial investments in R&D drive continuous innovation, while strategic partnerships with key sectors—including commercial, industrial, and utilities—strengthen their market presence and broaden their reach.
 

Residential Smart Water Meter Market Companies

Major players operating in the residential smart water meters industry are:

• Aclara Technologies
• Apator
• Arad Group
• Badger Meter
• BMETERS
• Diehl Stiftung
• Honeywell International
• Itron
• Kamstrup
• Landis+Gyr
• Nepune Technology Group
• Ningbo Water Meter
• Schneider Electric
• Sensus
• Siemens
• Sontex
• Zenner International
   

Residential Smart Water Meter Industry News

• In February 2024, Connexin secured the largest smart water metering contract in the UK, partnering with Essex & Suffolk Water to install up to one million smart meters across Essex and Suffolk by 2035. As part of the agreement, Connexin will deploy wireless network infrastructure and provide Itron smart water meters, enabling real-time, remote monitoring of water usage for households and businesses. The rollout will see 164,000 meters installed by the end of 2025, increasing to 612,000 by 2030.
   

This residential smart water meter market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘USD Million and ‘000 Units’ from 2021 to 2034, for the following segments:

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Market, By Technology

• AMI
• AMR

Market, By Product

• Hot Water Meter
• Cold Water Meter

The above information has been provided for the following countries across the region:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Argentina