Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market Report 2026

Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market Overview

• Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter market size has reached to $1.08 billion in 2025 • Expected to grow to $2.18 billion in 2030 at a compound annual growth rate (CAGR) of 15.2% • Growth Driver: Rising Water Scarcity Driving Growth Of The Market Due To Increasing Demand For Efficient Water Management • Market Trend: Technological Advancements In Smart Water Management And Real-Time Monitoring • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market?

A non-magnetic narrowband-internet of things (NB-IoT) water meter is a smart water meter that measures flow without magnetic or mechanical components, often using ultrasonic or electromagnetic technology. It transmits usage data over a low-power NB-IoT network for remote monitoring, automated billing, and leak detection. The main types of non-magnetic narrowband internet of things (NB-IoT) water meters are normal diameter 15 millimeter (mm), normal diameter 20 millimeter (mm), normal diameter 25 millimeter (mm), normal diameter 32 millimeter (mm), and others. Normal diameter 15 mm indicates that the standard width across the object or pipe measures 15 millimeters. These meters utilize technologies such as category narrowband1 (Cat Nb1) and category narrowband2 (Cat Nb2). They can be installed through greenfield deployments and retrofit projects. They support communication via periodic reporting and real-time monitoring and serve end users, including commercial, industrial, and residential.

What Is The Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market Growth Forecast?

The non-magnetic narrowband-internet of things (nb-iot) water meter market size is expected to see rapid growth in the next few years. It will grow to $2.18 billion in 2030 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to increasing investments in smart utility infrastructure, rising regulatory mandates for water efficiency, expansion of real-time water monitoring, growing adoption of retrofit smart meters, increasing focus on non-revenue water reduction. Major trends in the forecast period include increasing deployment of smart water metering systems, rising adoption of non-magnetic flow measurement, growing use of real-time consumption monitoring, expansion of nb-iot communication networks, enhanced focus on leak detection and accuracy.

What Is The Driver Of The Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market?

The rising concerns over water scarcity are expected to propel the growth of the non-magnetic narrowband-internet of things (NB-IoT) water meter market going forward. Water scarcity refers to the lack of sufficient available water to meet the demands of humans, agriculture, industry, or the environment. Water scarcity is increasing due to population growth, as a rising population intensifies water demand for drinking, agriculture, and industrial use, often surpassing the available freshwater resources. Non-magnetic narrowband-internet of things (NBIoT) water meters help address water scarcity by enabling precise monitoring and management of water consumption, detecting leaks in real time, and promoting efficient usage, which reduces wastage and ensures optimal distribution of limited water resources. For instance, in March 2024, according to the United Nations Environment Programme (UNEP), a Kenya-based environmental authority, an estimated 1.8 billion people are projected to experience conditions of absolute water scarcity by 2025, according to the Food and Agriculture Organization (FAO). Therefore, the rising concerns over water scarcity are driving the growth of the non-magnetic narrowband-internet of things (NB-IoT) water meter industry.

Key Players In The Global Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market

Major companies operating in the non-magnetic narrowband-internet of things (nb-iot) water meter market are Honeywell International Inc., Diehl Metering, Kamstrup, Itron Inc., Landis+Gyr AG, Wasion Holdings Ltd., Badger Meter Inc., SUNTRONT Tech Co. Ltd., Apator S.A., ZENNER International GmbH & Co. KG, Baylan Water Meters, Arad Group PLC, Master Meter Inc., B Meters Srl, Linyi City Bei Quan Water Meter, Hidroconta SA, Kaifeng Shengda Water Meter Co. Ltd., QingDao iESLab, Xinkong Electronics (Xinkelec), Sanchuan Water Meter Co. Ltd., Neptune Technology Group Inc., Aclara Technologies LLC, Mueller Water Products Inc., Datamatic Inc.

Global Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market Trends and Insights

Major companies operating in the non-magnetic narrowband-internet of things (NB-IoT) water meter market are focusing on developing advanced approaches such as meter data management to enable accurate collection, analysis, and reporting of water consumption data for improved operational efficiency and billing accuracy. Meter data management (MDM) refers to a technology solution that manages the collection, processing, and storage of meter readings, ensuring data accuracy, facilitating analytics, and supporting efficient utility operations. For instance, in May 2023, Itron Inc., a US-based technology company, is accelerating the digital transformation of water utilities in Australia and New Zealand through its expanded Temetra platform and its newly launched AMI Essentials solution. This nonmagnetic narrowband Internet of Things (NB IoT) water meter allows precise and remote monitoring of water usage through digital connectivity. It functions on a flexible cloud platform that integrates with different meter types and suppliers for smooth system compatibility. This technology assists utilities in lowering manual effort, identifying leaks quickly, and improving water-saving measures. It also ensures more accurate billing, reduces unaccounted water losses, and promotes efficient, sustainable water management.

What Are Latest Mergers And Acquisitions In The Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market?

In April 2024, Suez SA, a France-based utility company, partnered with Vodafone Group Public Limited to implement IoT-based smart water management solutions. With this partnership aims to accelerate the global roll-out of over two million NB-IoT-connected smart water meters by 2030 to reduce water wastage by up to 15% through real-time remote monitoring, leak detection, and data-driven water management. Vodafone Group Public Limited is a UK-based telecommunications company that offers non-magnetic narrowband-internet of things (NB-IoT) water meters.

What Defines the Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market?

The non-magnetic narrowband-internet of things (NB-IoT) water meter market consists of sales of data concentrators, smart valves or actuators, and IoT sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market Report 2026?

The non-magnetic narrowband-internet of things (nb-iot) water meter market research report is one of a series of new reports from The Business Research Company that provides market statistics, including Market Report 2026?global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the non-magnetic narrowband-internet of things (nb-iot) water meter Market Report 2026? The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the Market Report 2026?