Rising Demand for Efficient Water Management is Expected to Drive Market Growth

The rising demand for efficient water management in India is a significant driver behind the growing adoption of smart water meters. Water scarcity, population growth, and urbanization have placed immense pressure on India's water resources, prompting the need for better management and conservation practices. Traditional water meters are often inaccurate, inefficient, and prone to data loss, leading to issues like high Non-Revenue Water (NRW), faulty billing, and wastage. Smart water meters offer a solution by providing real-time data on water usage, helping municipalities and industries optimize water distribution and consumption.

With smart meters, utility companies can detect leaks and inefficiencies quickly, reducing water loss and ensuring that resources are used more sustainably. These meters can also track usage patterns, enabling water providers to make informed decisions on water allocation and pricing, thereby encouraging consumers to conserve water. Additionally, the data collected through smart water meters facilitates accurate billing, eliminating discrepancies and disputes that are common with traditional metering systems.

The increasing focus on water conservation in India, driven by both government policies and public awareness, is fueling the demand for efficient water management technologies. Several Indian cities have already begun implementing smart water meter systems as part of their water infrastructure modernization efforts. Moreover, government initiatives like the Smart Cities Mission aim to integrate innovative solutions, including smart water meters, into urban planning to address challenges related to water supply, distribution, and quality.

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Data Bridge Market Research analyzes that the India Smart Water Meters Market is expected to reach USD 279.91 million by 2032 from USD 191.04 million in 2024, growing with a substantial CAGR of 5.2% in the forecast period of 2025 to 2032.  

Key Findings of the Study

Increasing urbanization and population growth

Increasing urbanization and population growth in India are key factors contributing to the rising demand for smart water meters. As more people migrate to urban areas for better opportunities, the urban population in India is expected to reach over 600 million by 2031. This rapid urbanization strains existing infrastructure, including water supply systems, leading to inefficiencies in water distribution and increased demand for water resources. With more people relying on limited water sources, the need for efficient water management solutions has become crucial.

Population growth exacerbates the problem by increasing water consumption and placing additional pressure on water utilities to manage and distribute resources effectively. Traditional water metering systems often fail to keep pace with the rising demand and urban expansion, resulting in water wastage, inaccurate billing, and system inefficiencies. Smart water meters, with their ability to provide real-time data and track usage patterns, help address these challenges by allowing utilities to monitor water consumption, detect leaks, and optimize distribution networks.

Smart meters also help in reducing Non-Revenue Water (NRW), which includes water that is produced but not billed, often due to leakages or unauthorized consumption. As urban areas grow, managing NRW becomes a critical issue, and smart water meters can significantly reduce this loss by providing detailed insights into water usage, enabling proactive interventions.

Furthermore, the adoption of smart water meters supports the need for sustainable urban planning. Governments and municipalities can use the data collected to better plan for future water needs, prioritize infrastructure investments, and implement effective conservation policies.

Report Scope and Market Segmentation

Segment Analysis

The India smart water meter market is segmented into seven notable segments based on meter type, component, technology, power source, deployment type, application and end user.

• On the basis of meter type, the market is segmented into ultrasonic meters, electromagnetic meters and smart mechanical meters

In 2025, the ultrasonic meters segment is expected to dominate the India smart water meter market

In 2025, the ultrasonic meters segment is expected to dominate the market with a market share of 43.76% due to their high accuracy, low maintenance, ability to measure both forward and reverse flow, and suitability for diverse water conditions.

• On the basis of component, the market is segmented into hardware, software and services

In 2025, the hardware segment is expected to dominate the India smart water meter market

In 2025, the hardware segment is expected to dominate the market with a market share of 62.85% due to increased demand for advanced metering infrastructure, accurate data collection, and enhanced durability, with components like sensors, transmitters, and communication modules driving growth

• On the basis of technology, the market is segmented into AMR and AMI. In 2025, the AMR segment is expected is expected to dominate the market with a market share of 56.27%
• On the basis of power source, the market is segmented into batteries and electric grid. In 2025, the batteries segment is expected to dominate the market with a market share of 65.54%
• On the basis of deployment type, the market is segmented into retrofit and new installation. In 2025, the retrofit segment is expected to dominate the market with a market share of 61.31%
• On the basis of application, the market is segmented into metering, leakage detection, water conservation and others. In 2025, the metering segment is expected to dominate the market with a market share of 65.41%
• On the basis of end user, the market is segmented into residential, commercial and industrial. In 2025, the residential segment is expected to dominate the market with a market share of 45.75%.

Major Players

Data Bridge Market Research Analyses Kamstrup A/S (Denamrk), Honeywell International Inc. (U.S.), Xylem (U.S.), Itron Inc. (U.S), Genus (India) as the major players operating in the market.

Recent Developments

• In March 2024, Kamstrup partners with Göteborg Energi on the FLEXUS project to enhance energy efficiency in Gothenburg. The intelligent demand-side management solution optimizes district heating, improves system flexibility, and supports the city’s goal of achieving CO2 neutrality by 2030
• In April 2022, Kamstrup acquires Thvilum A/S, a Danish GIS company, to enhance digitalization in the utility sector. The acquisition strengthens Kamstrup's capabilities in digital pipe registration and GIS systems, supporting improved data analysis and optimization for water and energy management
• In September 2024, Honeywell has completed the USD 1.81 billion acquisition of Air Products' LNG process technology and equipment business, enhancing its energy transition capabilities. This acquisition strengthens Honeywell’s Energy and Sustainability Solutions business, adding skilled employees and expanding its offerings with LNG technologies, including pre-treatment, liquefaction, and digital automation, supporting more efficient energy transformation for customers globally
• In September 2024, Honeywell has completed the USD 1.9 billion acquisition of CAES Systems Holdings, enhancing its defense and space portfolio with high-reliability radio frequency technologies. This acquisition expands Honeywell's capabilities across critical military platforms such as F-35, EA-18G, and AMRAAM, and adds 2,200 skilled employees. It strengthens Honeywell’s position in defense technologies and supports long-term growth in aerospace

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