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Residential Smart Water Meter Market Size

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

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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.

Residential Smart Water Meter Market

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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 Report Attributes
Report Attribute	Details
Base Year:	2024
Residential Smart Water Meter Market Size in 2024:	USD 1.7 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	25.3%
2025 – 2034 Value Projection:	USD 16.2 Billion
Historical Data for:	2021 – 2024
No. of Pages:	100
Tables, Charts & Figures:	20
Segments covered:	Technology, Product
Growth Drivers:	Growing demand of energy worldwide Ongoing advancement in technology
Pitfalls & Challenges:	High initial investments

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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.