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Residential Smart Water Meter Market Share

Report ID: GMI6252
Published Date: Dec 2024
Report Format: PDF

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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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for residential smart water meters was reached USD 1.7 billion in 2024 and is projected to grow at a 25.3% CAGR from 2025 to 2034, driven by increasing awareness of water conservation and supportive government policies.

The AMI technology segment is expected to surpass USD 13.3 billion by 2034, due to its ability to provide real-time data collection, enhanced accuracy, and two-way communication capabilities.

The residential smart water meters market by product is anticipated to achieve a CAGR of over 24.9% through 2034, propelled by the growing demand for efficient water management in residential areas.

The U.S. residential smart water meters market is projected to exceed USD 3.6 billion by 2034, led by increasing concerns over water scarcity and government regulations promoting water conservation and infrastructure modernization.

Key players in the market include Aclara Technologies, Apator, Arad Group, Badger Meter, BMETERS, Diehl Stiftung, Honeywell International, Itron, Kamstrup, Landis+Gyr, Neptune Technology Group, Ningbo Water Meter, Schneider Electric, Sensus, Siemens, Sontex, and Zenner International.