Water Meter Market Overview

• Water Meter market size has reached to $5.48 billion in 2024

• Expected to grow to $7.21 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%

• Growth Driver: Rising Water Consumption Fuels Growth In The Water Meter Market

• Market Trend: Innovative Smart Water Meters Drive Efficiency And Sustainability In Utility Management

• Asia-Pacific was the largest region in 2024.

What Is Covered Under Water Meter Market?

A water meter is a device that provides a measurement of water flowing through a pipe system or other outlet. Water meters are placed in a box, which is fitted underground or over the ground on public land. They generally feature automated meter reading technology.

The main types of water meters are mechanical water meters and smart water meters. A mechanical water meter performs flow measurement by measuring the speed of water flowing through the pipe that causes a piston or turbine to rotate. This device records the amount of water being used in the domestic connection for billing purposes. Smart water meter wirelessly communicates with a wide area network, enabling remote location monitoring and leak detection, which results in minimal water wastage. It has different meter type such as ultrasonic meter, electromagnetic meter, mechanical meter water meters that are applied to residential, commercial, and industrial.

What Is The Water Meter Market Size 2025 And Growth Rate?

The water meter market size has grown strongly in recent years. It will grow from $5.48 billion in 2024 to $5.66 billion in 2025 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rising deployment of smart water meters, and supportive government initiatives.

What’s The Trade War Impact On Electrical and Electronics Industry?

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

How Is The Water Meter Market Segmented?

The water meter market covered in this report is segmented –

1) By Product Type: Mechanical Water Meter, Smart Water Meter

2) By Application: Residential, Commercial, Industrial

Subsegments:

1) By Mechanical Water Meter: Woltman Water Meter, Single-Jet Water Meter, Multi-Jet Water Meter, Nutating Disc Water Meter

2) By Smart Water Meter: AMR (Automatic Meter Reading) Water Meter, AMI (Advanced Metering Infrastructure) Water Meter, Smart Ultrasonic Water Meter

What Is Driving The Water Meter Market? Rising Water Consumption Fuels Growth In The Water Meter Market

The increasing water consumption is expected to propel the growth of the water meter market in the forecast period. With the rise in population, water consumption is increasing day by day. Water consumption is defined as the amount of water that is not returned to the source after usage. Water meter affects the consumption of water as IT charges the user as per the volume of water used and also provides easier detection of leakage in the water pipe which helps in less wastage of water. For instance, in August 2023, according to the World Resources Institute, a US-based Non-profit organization, by 2050, water demand in Sub-Saharan Africa is projected to surge by 163%—four times the rate of increase in Latin America, the second-highest region, where water demand is expected to rise by 43%. Therefore, increasing water consumption will drive the growth of the water meters market.

What Is Driving The Water Meter Market? Surge In Demand For Replacing Old Water Meters Drives Market Growth

The growing demand for the replacement of old water meters is expected to drive the water meter market during the forecast period. The old metering infrastructure is not sufficient to fulfill current requirements. There is an increasing need to replace old meters with new and advanced meters, to enhance efficiency and integrate state-of-the-art technologies. For example, The City of Richland Hills, Texas, US has begun a water meter replacement project to install residential and commercial water meters with an automatic (smart) meter reading system that is expected to begin in March 2023 and end in August 2023. Also, in January 2023, Kingsport, a city in Tennessee, US announced the next phase of water meter replacement projects to replace another 10,000 water meters over the next six months. The city hopes to have all the old meters replaced within the next couple of years. Therefore, the growing demand for the replacement of old water meters will support the growth of the water meter market.

Who Are The Major Players In The Global Water Meter Market?

Major companies operating in the water meter market include Badger Meter Inc, Ningbo Water Meter Co Ltd, Roper Technologies Inc, Aichi Tokei Denki Co, Xylem Inc, Itron Inc, Diehl Stiftung & Co. KG, Mueller water products inc, Arad Group, Azbil Kimmon Co Ltd, Diehl Metering, Peltek, Apator, Schneider Electric, Siemens, Honeywell Elster, Aclara Technologies, Landis+Gyr, Sensus, Kamstrup, Jiangxi Sanchuan, Chongqing Smart Water Meter Group Co. Ltd, Hebei Yuanjiang Meters Co. Ltd, Ressam Hardware International Limited, Ningbo LongKang Intelligent Instrument Co. Ltd, Kaifeng flowmeter Instrument Co. Ltd, Tangshan Huizhong Instrumentation Co. Ltd, Hangzhou Powerkey Industries And Trade Co. Ltd, Landustrie Sneek BV, Royal Eijkelkamp, Delta-T Devices Ltd, iSAtech Wate, ZENNER International GmbH & Co, Sontex SA, B Meters Metering Solutions, Neptune Technology Group Inc, Agua y Saneamientos Argentinos, Star Measure, Accell Solutions- Unidade Americana, Bin Moosa & Daly Limited, Kamstrup Middle East FZC, DMC International, Alderley FZE, Halawa Tax Meter, Newterra Ltd, Spire Metering Technology, Idrica, Water Utility Solutions, Deelin Projects, Precision Meters (Pty) Ltd, Indecx Instrumentation, Flotron, Free Rain, Dayliff water meter, Danco

What Are The Key Trends Of The Global Water Meter Market? Innovative Smart Water Meters Drive Efficiency And Sustainability In Utility Management

Major companies operating in the water meter market are focusing on developing technologically innovative solutions, such as smart water meters, to enhance water management efficiency, reduce water wastage, and support sustainable resource use. A smart water meter refers to an advanced digital device that accurately measures and records water usage in real time. For instance, in November 2022, Landis+Gyr, a Switzerland-based provider of energy management solutions, announced the launch of its smart water meter at the Enlit Europe event. This new smart meter is part of their effort to expand beyond energy into water management solutions. It features advanced IoT capabilities and grid-edge intelligence, allowing water utilities to monitor consumption, detect leaks, and improve water conservation. Additionally, Landis+Gyr showcased their latest innovations in grid-edge and electric vehicle (EV) charging solutions, reinforcing their commitment to providing integrated energy and water management systems for the modern utility infrastructure.

What Are The Key Trends Of The Global Water Meter Market? Innovative Smart Water Meter Pilot Programs Enhance Water Management Efficiency

Major companies operating in the water meter market are focusing on developing technologically innovative solutions, such as the largest smart water meter pilot, to enhance water management efficiency. A smart water meter pilot refers to a trial or experimental project designed to test and demonstrate the capabilities of smart water metering technologies in a specific geographic area or community. For instance, in August 2023, Water Corporation, an Australia-based principal supplier of water, wastewater, and drainage services, launched a smart water meter pilot program across 50,000 homes in Western Australia. This initiative aims to utilize advanced measuring technology to provide real-time data on water consumption and quickly detect leaks. The smart water meters are designed to help residents manage their water usage more efficiently and contribute to water conservation efforts in the region. The pilot program is expected to enhance operational efficiency for Water Corporation while promoting sustainable water management practices in the community.

Water Meter Market Merger And Acquisition: Xylem Inc. Acquires Evoqua Water Technologies For Enhanced Water Management Solutions

In January 2024, Xylem Inc., a US-based water technology company, acquired Evoqua Water Technologies for approximately $7.5 billion. This strategic acquisition aims to enhance Xylem's portfolio by integrating Evoqua's advanced water treatment solutions and technologies. The merger will allow Xylem to provide a more comprehensive range of sustainable water management services to its customers across various sectors, including municipal, industrial, and commercial. Evoqua Water Technologies is a US-based company that offers variety of flow meters from non-electrical float-style water meters to flow sensors for inline water meters.

Regional Outlook For The Global Water Meter Market

Asia-Pacific was the largest region in the water meter market in 2024. The regions covered in the water meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the water meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Defines the Water Meter Market?

The water meter market consists of sales of water flow meter, residential water meter, automated water meter control system, water current meter, water activity meter Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Water Meter Industry?

The water meter market research report is one of a series of new reports from The Business Research Company that provides water meter market statistics, including water meter industry global market size, regional shares, competitors with a water meter market share, detailed water meter market segments, market trends and opportunities, and any further data you may need to thrive in the water meter industry. This water meter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.