India Smart Water Meters Market 2026–2034: Smart City Projects, Utility Digitization & Infrastructure Investments

According to IMARC Group’s report titled "India Smart Water Meters Market Size, Share, Trends and Forecast by Product, Meter Type, Configuration Type, Component, Application, and Region, 2026-2034" the report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.

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India Smart Water Meters Market Overview

The India smart water meters market size reached USD 198.0 Million in 2025. Looking ahead, the market is expected to grow at a CAGR of 5.38% during the forecast period of 2026-2034, reaching a value of USD 321.8 Million by 2034. The market growth is driven by increasing urbanization, government initiatives for sustainable water management, demand for efficient water consumption monitoring, IoT-enabled solutions, and real-time data analytics integration. The report presents a thorough review featuring the India smart water meters market report, growth, share, trends, and research of the industry.

India Smart Water Meters Market Growth Factors

• Increasing urbanization in India demands advanced water management solutions.
• Supportive government initiatives such as AMRUT and Smart Cities Mission promote smart water infrastructure.
• Mandates to install smart water meters across all urban areas increase market penetration.
• Rising concern over rising water scarcity drives demand for efficient water consumption monitoring.
• Financial backing and policy frameworks facilitate growth through public-private partnerships.
• Adoption of IoT-enabled smart meters offers real-time data and remote monitoring capabilities.
• Integration of advanced metering infrastructure (AMI) improves operational efficiency and transparency.
• Use of NB-IoT and LoRaWAN communication technologies reduces cost and expands coverage.
• Emphasis on sustainable water management practices enhances the demand for smart water meters.

India Smart Water Meters Market Trends

• Government programs such as Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Smart Cities Mission lead smart water infrastructure projects.
• Municipal corporations actively implement smart water meters for accurate billing and reducing water loss.
• Thane Municipal Corporation, with partners, installed 105,000 AMR-equipped smart meters to minimize leakage and enhance efficiency.
• Mandates for meter installation in urban areas increase market growth.
• Chennai Metrowater announced plans to install smart water meters in nearly 100,000 commercial and residential buildings.
• Integration of NB-IoT and LoRaWAN low-power communication networks reduces meter costs and enables wider implementation.
• IoT-enabled meters provide real-time data exchange between utilities and customers, improving operation and transparency.
• Transformations through IoT and AMI technologies replace traditional mechanical meters with smart meters.
• Market demand rises due to need for data-driven water management and discovering irregularities.

India Smart Water Meters Market Recent Developments & News

• In May 2024, Polaris secured contracts worth ₹2,452 crore to install 2.2 million smart meters in West Bengal and over 160,000 meters in Manipur. The project aims to reduce distribution losses and empower consumers through smart prepaid meters to enhance energy monitoring and grid management.
• In September 2023, GMR Smart Electricity Distribution Private Ltd won a ₹2,470 crore contract to deploy and maintain 2.552 million smart meters in Uttar Pradesh's Agra and Aligarh zones, aiming to improve billing accuracy and reduce losses for distribution companies.

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India Smart Water Meters Market Segmentation

Product Insights:

• Electromagnetic Meter: Includes meters based on electromagnetic principles for measuring water flow.
• Ultrasonic Meter: Utilizes ultrasonic technology for precise water flow measurement.
• Electromechanical Meter: Traditional mechanical meters with electromechanical components.
• Others: Covers other types of smart water meters not classified above.

Meter Type Insights:

• Smart Hot-Water Meter: Smart meters designed to measure hot water consumption.
• Smart Cold-Water Meter: Smart meters for monitoring cold water usage.

Configuration Type Insights:

• Automated Meter Reading (AMR): Systems that automatically collect meter data without manual intervention.
• Advanced Metering Infrastructure (AMI): Integrated systems providing two-way communication and real-time data.

Component Insights:

• Meters and Accessories: Hardware components including the meter devices and their complementary accessories.
• IT Solutions: Software and systems managing, analyzing, and processing meter data.
• Communication System: Network infrastructure enabling data transmission between meters and utilities.

Application Insights:

• Water Utilities: Use in public or private water supply systems for distribution and billing.
• Commercial: Usage in commercial buildings and businesses.
• Industrial: Application in industrial facilities for water monitoring.
• Residential: Deployment in residential properties for household water consumption measurement.

Regional Insights

• North India
• South India
• East India
• West India

India Smart Water Meters Market Key Players

The report offers an in-depth examination of the competitive landscape, including market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

India Smart Water Meters Market Key Highlights of the Report

• Comprehensive quantitative analysis covering historical and current market trends from 2020 to 2034.
• Detailed segmentation and forecasts by product, meter type, configuration, component, application, and region.
• Insights into market drivers, challenges, and emerging opportunities.
• Porter’s five forces analysis assisting stakeholder assessment of market competitiveness.
• Extensive competitive landscape with company evaluations and profiles.
• Post-sale analyst support and free customization options available.

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