Summary

The Global Smart Water Meter Market is valued at US$ 5.5 Billion in 2025 and is forecast to reach US$ 10.1 Billion by 2031, growing at a 10.6% CAGR (2026–2031) as utilities replace ageing meters,
cut non-revenue water and move to AMI.

North America is the largest region with a 34% share in 2025, led by the United States at US$ 1,702 Million. Asia Pacific is the fastest-growing region at a 13.6% CAGR, led by China and India.

AMI leads technology at 54.0%; smart mechanical meters hold 40.0% and ultrasonic meters 36.0%. Meters and accessories are 58.0% of revenue, cellular is the largest connectivity route at 31.0%,
and residential use accounts for 52.0%.

The 15 profiled companies hold about 66% of 2025 revenue and the top three about 31%, led by Xylem (Sensus), Badger Meter and Neptune Technology Group.

Asia Pacific, cellular AMI and software are expected to lead growth to 2031; Badger Meter's 2025 net sales rose 11% to US$ 916.7 Million and Kamstrup's revenue rose 15%, showing healthy demand
despite lumpy AMI deployment timing.

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Table of Contents

1. Introduction & Report Scope
1.1 Scope & Methodology

2. Global Smart Water Meter Market Segmentation
2.1 By Technology
2.2 By Meter Type
2.3 By Component
2.4 By Connectivity
2.5 By Application
2.6 By Supplier Type
2.7 Segmentation Summary
2.8 Market Structure — Latest Estimated Mix

3. Global Smart Water Meter Market Analysis
3.1 Market Snapshot
3.2 Current Market Trend
3.3 Predicted Market Trend
3.4 Market Value Reconciliation
3.5 Pricing Analysis
3.6 Regulatory Landscape
3.7 Market Attractiveness Analysis

4. Regional Market Analysis
4.1 Global and Regional Comparison
4.2 North America Smart Water Meter Market
United States
Canada
4.3 Europe Smart Water Meter Market
Germany
France
United Kingdom
Italy
4.4 Asia Pacific Smart Water Meter Market
China (Mainland)
Japan
South Korea
India
Australia
4.5 Latin America & MEA Smart Water Meter Market
Brazil
Mexico
United Arab Emirates
South Africa

5. Competitive Landscape
5.1 Competitive Landscape Introduction
5.2 Market Share Analysis
5.3 Market Share Trend, 2023–2025
5.4 Recent Developments
5.5 Market Concentration & Entry Barriers

6. Company Profiles
6.1 Xylem (Sensus)
6.2 Badger Meter
6.3 Neptune Technology Group
6.4 Itron
6.5 Kamstrup
6.6 Diehl Metering
6.7 Zenner
6.8 Mueller Water Products
6.9 Arad Group
6.10 Ningbo Water Meter
6.11 Apator
6.12 Bmeters
6.13 Maddalena
6.14 Axioma Metering
6.15 Aichi Tokei Denki

7. Global Smart Water Meter Market Dynamics
7.1 Growth Drivers
7.2 Market Challenges
7.3 Market Trends
7.4 Technology Landscape
7.5 Commercial Models by Region

8. Strategic Outlook
8.1 Strategic Recommendations
8.2 Investment Themes for Investors
8.3 Case Study — Moving a Utility from Walk-By to Cellular AMI
8.4 Forward Outlook & Conclusion
Table of Figures
Fig. 1 — By Technology (% of 2025 Revenue, US$)
Fig. 2 — By Meter Type (% of 2025 Revenue, US$)
Fig. 3 — By Component (% of 2025 Revenue, US$)
Fig. 4 — By Connectivity (% of 2025 Revenue, US$)
Fig. 5 — By Application (% of 2025 Revenue, US$)
Fig. 6 — By Supplier Type (% of 2025 Revenue, US$)
Fig. 7 — Leading Segment by Axis, 2025 Global Revenue Share
Fig. 8a — By Technology (%)
Fig. 8b — By Application (%)
Fig. 8c — By Region (%)
Fig. 9 — Global Smart Water Meter Market Size, 2020–2025 (US$ Billion)
Fig. 10 — Global Smart Water Meter Market Forecast, 2026–2031 (US$ Billion)
Fig. 11 — Region-Wise Market Value Reconciliation, 2025 vs. 2031 (US$ Million)
Fig. 12 — Indicative Smart Water Meter Price Points by Region, 2025
Fig. 13 — Regional Regulatory & Standards Landscape, 2025–2026
Fig. 14 — Region-Wise Market Size, 2025 vs. 2031 (US$ Million)
Fig. 15 — North America Smart Water Meter Market by Country (US$ Million)
Fig. 16a — United States Smart Water Meter Market Forecast (US$ Million)
Fig. 16b — Canada Market Forecast (US$ Million)
Fig. 17 — Europe Smart Water Meter Market by Country (US$ Million)
Fig. 18a — Germany Smart Water Meter Market Forecast (US$ Million)
Fig. 18b — France Smart Water Meter Market Forecast (US$ Million)
Fig. 18c — United Kingdom Smart Water Meter Market Forecast (US$ Million)
Fig. 18d — Italy Market Forecast (US$ Million)
Fig. 19 — Asia Pacific Smart Water Meter Market by Country (US$ Million)
Fig. 20a — China (Mainland) Smart Water Meter Market Forecast (US$ Million)
Fig. 20b — Japan Smart Water Meter Market Forecast (US$ Million)
Fig. 20c — South Korea Market Forecast (US$ Million)
Fig. 20d — India Smart Water Meter Market Forecast (US$ Million)
Fig. 20e — Australia Smart Water Meter Market Forecast (US$ Million)
Fig. 21 — Latin America & MEA Smart Water Meter Market by Country (US$ Million)
Fig. 22a — Brazil Market Forecast (US$ Million)
Fig. 22b — Mexico Market Forecast (US$ Million)
Fig. 22c — United Arab Emirates Market Forecast (US$ Million)
Fig. 22d — South Africa Market Forecast (US$ Million)
Fig. 23 — Global Smart Water Meter Market Share by Company, 2025 (US$ Million)
Fig. 24 — Top Five Companies' Revenue Trend, 2023–2025 (US$ Million)
Fig. 25 — Selected Recent Developments Among Leading Companies
Fig. 26 — Regional Commercial Models and Pricing Drivers, 2025–2026