USD 22.0 billion
Water Meter Market Size, Share, and Growth Analysis
Water Meter Market By Product Type (Standard Water Meter, Smart Water Meter), By Distribution Channel (Online, Offline), By End User (Residential, Commercial), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG55D2004 |
Region:
Global |
Published Date: January, 2025
Pages:
227
|Tables:
87
|Figures:
76
Format -
Water Meter Market Insights
Global Water Meter Market size was valued at USD 22.0 billion in 2023 and is poised to grow from USD 22.95 billion in 2024 to USD 32.14 billion by 2032, growing at a CAGR of 4.3% during the forecast period (2025-2032).
Over the years, the population of the world has been growing very quickly. Water is now used more frequently for various activities such as drinking, bathing, and construction as urbanization continues to grow. But due to heavy usage, the groundwater table has been dropping steadily, and many areas of the world lack access to adequate water resources, causing a water crisis. Furthermore, if water leaks through the water meter due to a pipeline failure any kind, it will cause an even larger water crisis, necessitating the need to stop such leak.
The wide development of smart cities all over the world, the ease of access of smart water meters, and the rising popularity of Internet of Things (IoT)-based devices are some of the additional factors driving market growth. Furthermore, it is anticipated that the market will grow more firmly in the coming years due to the development of LPWA (low power wide area) network technologies that offer improved coverage and connectivity for the meter.
US Water Meter Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
online
Fastest Growth
online
Growth Rate
4.3% CAGR
Global Water Meter Market ($ Bn)
Country Share for North America Region (%)
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Water Meter Market Segments Analysis
Global Water Meter Market is segmented by Product Type, Distribution Channel, End User and region. Based on Product Type, the market is segmented into Standard Water Meter and Smart Water Meter. Based on Distribution Channel, the market is segmented into Online and Offline. Based on End User, the market is segmented into Residential, Commercial, Industrial and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Water Meter Market Analysis by Product Type
Mechanical and smart water meters are multiple subsectors of the global market. In 2021, the mechanical meter readings segment had the largest market share. A piston or turbine is turned by the water flowing through a pipe as measured by a mechanical water meter. This device records how much water is used for domestic hook-ups in order to generate bills. However, during the projected period, the segment is expected to grow at the highest CAGR. Water waste is decreased as a result of remote location monitoring and leak detection facilitated by a smart water meter's wireless communication with a large area network. In a variety of contexts, including residential, commercial, and industrial ones, water meters are used.
Water Meter Market Analysis by Distribution Channel
The water meter market is segmented into online and offline channels based on the distribution route. With the biggest revenue share in 2021, the offline segment led the market growth. Traditional brick and mortar businesses like retail stores, specialized stores, and others make up offline distribution channels. Many end consumers favor offline channels since they can get a hands-on demo and firsthand experience with products they require.
Global Water Meter Market By Distribution Channel
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Water Meter Market Regional Insights
Due to the presence of several companies dedicated to providing solutions to water management approaches, it is predicted that the market would expand greatly in the North American region. In the manufacturing, construction, and automotive industries, there is a considerable need for water metering equipment. The development of industries in countries like the U.S. and Canada has been driven by the rise in initiatives and efforts by non-governmental groups to save water.
The Asia Pacific market is anticipated to experience consistent revenue growth over the course of the forecast period. Market revenue growth is being driven by increased demand for smart water metering systems and an increase in the number of smart water meter installations in this region. Demand for smart meters is increasing in nations like China and Japan as a result of the implementation of strict government regulations and environmental protection initiatives. By 2020, there were 54.7 million smart meters installed in roughly 50 nations. The number of installed units is anticipated to reach 323.6 million over the next five years, with China and India accounting for the majority of new installations. Additionally, governments are taking steps to reduce wastewater.
Global Water Meter Market By Region
- Largest
- Fastest
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Water Meter Market Dynamics
Water Meter Market Drivers
Increasing need for water metering system in both residential and commercial structures
- Industrialization's explosive growth has resulted in the establishment of numerous production facilities, warehouses, and other commercial structures including offices and hotels. These businesses are operated on a regular basis and are spread over a sizable area.
Increased development of an infrastructure
- For most of the developing economies, infrastructure has been a top priority, and significant expenditures are being made to speed up development. There are several residential developments, schools, workplaces, sewage systems, offices, and other construction projects. Recent technological development has increased the use of cutting-edge tools, such as smart water meters to find water leaks in structures.
Water Meter Market Restraints
High initial investment
- Water meters have a series of benefits, such as the ability to track wastewater, pay for every usage fairly, and cost saving on water tankers, among many others. However, most people are reluctant to install a new meter due to the initial cost of the entire infrastructure, plumbing cost, and the future inconvenience.
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Water Meter Market Competitive Landscape
The water meter market has a compressed competitive landscape with a small number of major players operating on a global and regional level. To raise their individual product portfolios and establish a solid footing in the global market, key players are working on product development and strategic alliances.
Top Players in Water Meter Market
- Badger Meter, Inc. (US)
- Diehl Stiftung & Co. KG (Germany)
- Itron Inc. (US)
- Kamstrup A/S (Denmark)
- Master Meter, Inc. (US)
- Neptune Technology Group Inc. (US)
- Arad Group (Israel)
- Apator S.A. (Poland)
- Zenner International GmbH & Co. KG (Germany)
- Honeywell International Inc. (US)
- ABB Ltd. (Switzerland)
- Chongqing Smart Water Meter Group Co., Ltd. (China)
- Siemens AG (Germany)
- KROHNE Messtechnik GmbH (Germany)
Water Meter Market Recent Developments
- In February 2022, Water meters with wireless technology can be retrofitted by E.ON and Vodafone to become "smart water meters," according to the announcement. Additionally, this cooperation wants to use the same technology in gas and electricity meters.
- In September 2022, Trilliant, a top provider of AMI solutions globally, announced the successful rollout of wireless water metering in Canada. This also intends to enable metering initiatives that need dependable and powerful connectivity.
Water Meter Key Market Trends
- High quality polymers are being used more frequently in the production of plastic materials for water meters. In comparison to metal-based meters, plastic meters have a variety of benefits, such as flexibility and affordability. Additionally, because plastic is a poor conductor of electricity, deployment is simpler. Offering plastic water meter and components is the main focus of many top market players. About 97% of properties already have traditional meter installed, which are read every two months. The Japanese government is searching for a smart water meter solution that will allow it to accomplish this goal as a result of the growing emphasis on intelligent and efficient water supply. Additionally, there is less need for water due to the region's dwindling population. The tendency is expected to intensify with the widespread use of water-saving equipment, which could lead to a decrease in the revenue received from water fees. Eventually, this can put a strain on the resources associated with water utility companies.
Water Meter Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global water meter market analysis, through combining trying to cut metering technology, software, and effective communications systems, smart water network solutions have emerged with significant benefits in response to the increasing pressure on water utilities brought on by rising demand, increasing water stress, rising energy prices, and ageing water systems. Through improved leak detection and unmatched data collecting, end users are able to account for every drop and turn water into money by integrating the aforementioned components. The introduction of water metres is being driven by the urgent demand for optimum water consumption in water-scarce places. For instance, 480 million people in Asia alone are anticipated to experience water scarcity in the future, according to a World Water Development Research report.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 22.0 billion |
| Market size value in 2032 | USD 32.14 billion |
| Growth Rate | 4.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Water Meter Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Water Meter Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Water Meter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Water Meter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Water Meter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Water Meter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Water Meter Market Report Snapshots
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