Smart Water Meter Market
Size, 2025-2034 Trends Report

The Global Smart
Water Meter Market was valued at USD 3.2 billion in 2024
and is estimated to grow at a CAGR of 26.2% to reach USD 33.5 billion by 2034,
driven by the demand for real-time data and the expansion of smart city
initiatives. According to a report by the United Nations, urban areas are
expected to house 68% of the world's population by 2050, highlighting the need
for efficient water management systems.

Real-time data allows for
precise monitoring, quick detection of issues, and optimized water management,
enhancing operational efficiency and resource conservation. As smart city
projects proliferate, integrating smart water meters into urban infrastructure
becomes crucial for improving overall water management and infrastructure
connectivity. This growing emphasis on advanced data solutions and smart
technology integration fuels market expansion and adoption across various
sectors.

Request for a sample copy of
this report @ https://www.gminsights.com/request-sample/detail/697

For instance, in June 2024,
LAISON introduced a Sigfox-enabled smart water meter designed to meet the
increasing demand for advanced water management solutions in the market. The
integration of Sigfox technology enhances connectivity and data transmission
capabilities, catering to the need for reliable real-time monitoring. This
innovation reflects the market trend towards advanced, connected systems and
supports the broader adoption of smart water meters across various sectors.

The smart water meter
industry is fragmented based on application, technology, product, and region.
The commercial segment will see a considerable surge by 2032, attributed to the
high demand for accurate water usage monitoring in businesses and industries.
Commercial establishments require precise water management to optimize
operational efficiency, reduce costs, and comply with regulatory requirements.
Smart water meters offer real-time data, leak detection, and automated billing,
making them ideal for large-scale water consumers. The need for efficient water
resource management in commercial applications drives significant adoption,
solidifying this segment's dominant market position.

The hot water meter segment
will garner remarkable gains by 2032, fueled by the rising need for precise
monitoring of hot water usage in residential, commercial, and industrial
settings. Accurate measurement of hot water consumption helps optimize energy
usage, reduce costs, and ensure efficient resource management. The integration
of advanced technologies in smart hot water meters allows for real-time data
collection and improved billing accuracy. This growing demand for effective hot
water management solutions drives the dominance of this segment in the market.

Browse report summary @ https://www.gminsights.com/industry-analysis/smart-water-metering-market

Asia Pacific smart water
meter market share will secure a moderate CAGR through 2032, owing to rapid
urbanization, increasing population, and rising water scarcity issues.
Governments in the region are investing heavily in smart infrastructure to
improve water management and efficiency. The growing adoption of smart city
initiatives and advancements in IoT technology further drive the market. High
demand for accurate water usage monitoring in both residential and commercial
sectors positions APAC as a central contributor to the global smart water meter
industry.

About Global Market Insights
Inc.

Global Market Insights Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider, offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy, and biotechnology.

Contact Us:

Aashit Tiwari

Corporate Sales, USA

Global Market Insights Inc.

Toll Free: 1-888-689-0688

USA: +1-302-846-7766

Europe: +44-742-750-8484

APAC: +65-3129-7718

Email: sales@gminsights.com