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Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market Size Outlook: How Quickly Will Revenue Expand Through 2030?
The non-magnetic narrowband-internet of things (nb-iot) water meter market size has experienced swift expansion in recent years. It is forecast to rise from $1.08 billion in 2025 to $1.24 billion in 2026, achieving a compound annual growth rate (CAGR) of 15.5%. This historical development can be ascribed to factors such as the expansion of urban water infrastructure digitization, the increasing need for precise billing systems, the initial embrace of ultrasonic metering technology, the proliferation of smart city initiatives, and the presence of low-power IoT networks.
The market for non-magnetic narrowband-internet of things (nb-iot) water meters is projected to experience substantial expansion in the coming years. It is anticipated to reach $2.18 billion in 2030, exhibiting a compound annual growth rate (CAGR) of 15.2%. This projected growth stems from factors such as heightened investment in intelligent utility frameworks, more stringent regulations for water conservation, broader implementation of real-time water usage surveillance, increased uptake of retrofitted smart meters, and a sharpened emphasis on minimizing non-revenue water. Key developments expected during this period involve the wider rollout of smart water metering setups, greater integration of non-magnetic flow measurement technologies, increased utilization of real-time consumption tracking, the broadening of nb-iot communication infrastructure, and a stronger emphasis on precise leak detection.
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Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market Industry Drivers: What’s Behind The Revenue Growth?
Future expansion of the non-magnetic narrowband-internet of things (NB-IoT) water meter market is anticipated due to increasing worries about water scarcity. Water scarcity is defined as an insufficient supply of available water to satisfy the needs of people, farming, industry, or ecosystems. This problem is escalating because of demographic expansion, which heightens the need for water for consumption, farming, and industrial purposes, frequently exceeding the freshwater resources that are accessible. Non-magnetic narrowband-internet of things (NB-IoT) water meters offer a solution to water scarcity by allowing accurate tracking and regulation of water usage, identifying leaks instantly, and encouraging efficient consumption. This approach minimizes waste and guarantees the best possible allocation of finite water supplies. As an illustration, information from the Food and Agriculture Organization (FAO), shared by the United Nations Environment Programme (UNEP), a Kenya-based environmental authority, revealed in March 2024 that around 1.8 billion individuals are anticipated to endure absolute water scarcity by the year 2025. Consequently, the increasing worries regarding water scarcity are propelling the expansion of the non-magnetic narrowband-internet of things (NB-IoT) water meter market.
Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market Segment Landscape And Growth Outlook
The non-magnetic narrowband-internet of things (nb-iot) water meter market covered in this report is segmented –
1) By Types: Normal Diameter 15 Millimeter (Mm), Normal Diameter 20 Millimeter (Mm), Normal Diameter 25 Millimeter (Mm), Normal Diameter 32 Millimeter (Mm), Other Types
2) By Technology: Category Narrowband1 (Cat Nb1), Category Narrowband2 (Cat Nb2)
3) By Installation: Greenfield Deployments, Retrofit Projects
4) By Communication Frequency: Periodic Reporting, Real Time Monitoring
5) By End User: Commercial, Industrial, Residential
Subsegments:
1) By Normal Diameter 15 Millimeter: Residential Water Connections, Small Domestic Pipelines, Individual Apartment Units
2) By Normal Diameter 20 Millimeter (Mm): Small Commercial Establishments, Light Industrial Usage, Multi Unit Residential Buildings
3) By Normal Diameter 25 Millimeter: Medium Commercial Facilities, Small Irrigation Systems, Public Utility Installations
4) By Normal Diameter 32 Millimeter: Industrial Complexes, Large Commercial Premises, Institutional Facilities
5) By Other Types: Municipal Water Networks, High Capacity Industrial Operations, Agricultural Irrigation Systems
#Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market Growth Trends: What’s Shaping The Future Outlook?
Companies operating within the non-magnetic narrowband-internet of things (NB-IoT) water meter market are prioritizing the development of advanced methods like meter data management. This approach aims to facilitate the precise collection, analysis, and reporting of water consumption data, ultimately enhancing operational efficiency and billing accuracy. Meter data management (MDM) itself is a technology solution that manages the collection, processing, and storage of meter readings, ensuring data precision, enabling analytics, and supporting efficient utility operations. For example, 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 newly introduced AMI Essentials solution. This particular nonmagnetic narrowband Internet of Things (NB IoT) water meter enables accurate and remote surveillance of water usage via digital connectivity. It runs on an adaptive cloud platform that integrates with various meter types and suppliers for smooth system interoperability. This technology assists utilities in reducing manual labor, rapidly identifying leaks, and improving water conservation strategies. Additionally, it guarantees more accurate billing, decreases unbilled water losses, and promotes effective, sustainable water management.
Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market Leading Companies And Competitive Benchmarking
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.
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Non-Magnetic Narrowband-Internet Of Things (NB-IoT) Water Meter Market Largest Region By Revenue And Market Share
North America was the largest region in the non-magnetic narrowband-internet of things (NB-IoT) water meter market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the non-magnetic narrowband-internet of things (nb-iot) water meter market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.