Smart Water Meters Market

The smart water meter market is projected to grow from USD 6.06 billion in 2026 to USD 10.05 billion by 2031, at a CAGR of 10.6% during the forecast period. The growth of the industry can be attributed to the increasing demand for water saving, replacement of traditional water meters, investments in smart water infrastructure and constant improvement of advanced metering infrastructure (AMI). Furthermore, the need for IoT-enabled meters, offline meter reading, real-time monitoring of consumption, leak detection and cloud analytics is expected to stimulate the growth of the industry, allowing businesses to enhance their billing processes, reduce water waste and boost efficiency of distribution networks.

The competitive landscape is characterized mainly by two strategies. The first is the technological/product portfolio enhancement and the second one is the provision of integrated solutions. The first one means that organizations improve smart water meters through technology, including advanced metering infrastructure, IoT, remote monitoring, as well as leak detection and data analysis. Badger Meter’s BEACON platform is an example of a smart water metering approach, while Sensus, Xylem’s brand, offers iPERL+ and ally smart water meters, which include AMI connectivity, consumption recording, leak detection, and remote monitoring. The second approach focuses on the provision of broader integrated digital water management solutions that respond to the wider needs of utilities and municipalities. For instance, Itron offers digital utility solutions through smart meters, while Sensus provides integrated smart water solutions comprising AMI/AMR, FlexNet communication systems, and data analytics.

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Badger Meter, Inc.

Badger Meter, Inc. is a prominent player in the market for smart water meters, receiving its current position through a range of advanced solutions for smart water metering, communication, analytics, and water management. The company’s expertise is centered on the metering of water consumption, automatic meter reading, advanced metering infrastructure, leak detection, and data analytics for water utility companies. In particular, Badger Meter integrates its Recordall water meters and ORION communication endpoints with its BEACON software platform that enables water utilities to collect data about water consumption by intervals, manage water supply, detect leaks and boost water utility efficiency. The ORION product line supports both AMI and AMR communication methods of which cellular and mobile ones are included, while the BEACON platform performs cloud-based monitoring, analytics, reporting, as well as providing utility management services. Badger Meter enhances its water metering competencies by means of portfolio expansion and acquisitions. In May 2026, the company took over UDlive Limited based in the UK and providing solutions for sewer line monitoring that allowed Badger Meter to cover more systems related to the supply of water than merely meter water consumption.

Sensus (Xylem Inc.)

Sensus is a Xylem brand and is one of the leaders in the smart water meter market segment, providing smart water meters, advanced metering infrastructure, communication networks, diagnostics, and digital water management solutions. Sensus' smart water metering solutions aid in obtaining water data through accurate measurement, monitoring, two-way communication, and alarms, as well as help monitor leaks, provide remote monitoring, and better water distribution management. The highlighted new smart water meters of Sensus include the use of the solid-state electromagnetic technology to create iPERL+ and ally smart water meters equipped with AMI connection, the capability to log consumption data, and provide alarms for issues such as a continuous flow, high flow, reverse flow, leakage, and tampering. Sensus is improving its digitalization strategy through adding smart meter hardware and software to its communication networks, analytics, and remote-control technologies for efficient water utility operations. Sensus meters can connect to the FlexNet communication network to collect and transmit data remotely while Xylem smart solution smart metering is integrated with analytics, IoT, etc.

Market Ranking

The smart water meter market has moderate competition, with large meter and water technology companies holding significant shares in the market. Notable players in this market are Badger Meter, Sensus (Xylem), Diehl Stiftung & Co. KG, Landis+Gyr, and Itron, which possess a plethora of smart water metering solutions, communication systems, and data management. Badger Meter’s smart water meters are coupled with ORION communication technology and the BEACON platform for remote monitoring, data analytics, and loss detection. Sensus uses its smart water metering solutions and FlexNet for remote meter reading and keeping tabs on water consumption, while Diehl Metering combines its smart metering applications with communication systems and data management. Landis+Gyr has been concentrating on advanced metering technologies and connected metering systems. Itron is known for smart water meters, communication systems, and software solutions for remote monitoring, data analytics, and loss management. The competition is focused on the features of AMI and AMR connectivity, IoT-enabled monitoring, leak detection, advanced analytics, remote meter management, and integration with the larger water utility management system.

Related Reports:

Smart Water Meter Market by Technology (Automated Meter Reading [AMR], Automated Metering Infrastructure [AMI]), Meter Type (Ultrasonic Meter, Electromagnetic Meter, Smart Mechanical Meter), Component (Meter & Accessories, IT Solutions, Communications), Application (Water Utilities, Industries), and Region – Global Forecast to 2031

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