How big is the Water Meter Market | Industry Trends & Growth Insights 2025

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Code: MTA9688

Publication Date: Oct 2025

What is the size of Water Meter Market?

According to 6Wresearch internal database and industry insights, the Water Meter Market was valued at USD 6.1 Billion in 2024 and is expected to reach USD 10.2 Billion by 2031, growing at a CAGR of 7.4% during the 2025-2031.

These main contributors to growth are an increasing emphasis on effective water management, the growing adoption of smart metering technologies, and supportive government regulations. Concurrent urbanization and a focus on accurate billing and water conservation are also fuelling elevated and sustainable demand for water meters in the residential, commercial, and industrial segments.

Growth Factors for Water Meter Industry

Rising urban population increasing demand for accurate consumption monitoring.
Government mandates promoting adoption of smart metering solutions.
Growing awareness of water conservation and resource optimization.
Expanding smart city projects supporting large-scale meter deployments.
Technological advancements in AMR and AMI-enabled water meters.

Water Meter Market Trends

Trends in the Water Meter Market emphasise the quick adoption of smart meters, featuring automated meter readings (AMR) or advanced metering infrastructure (AMI). Integration with IoT and cloud platforms is allowing for real-time monitoring, leak detection, and predictive analytics. Utilities are increasingly moving toward prepaid and ultrasonic water meters for efficiency. Along with this, there is a focus on modular and scalable options to allow for different consumers' needs. Meanwhile, an increase in investment in digital water infrastructure is transforming the industry's landscape.

Emerging Developments in the Water Meter Market

Developments in the Water Meter Market emphasise partnerships between utilities and technology providers to accelerate the transition to digital solutions. Companies are developing AI-enabled platforms to analyse consumption data and optimise their distribution networks. New product launches often feature compact, durable, and tamper-proof designs. Companies are extending additional value through subscription-based data analytics services. In addition, the deployment of smart water meters in both rural and semi-urban areas is increasing and expanding the market reach for long-term growth.