Global Water Meter Market size was valued at US$ 20.12 Bn. in 2021 and the total revenue is expected to grow at 4.20 % through 2022 to 2029, reaching nearly US$ 27.96 Bn.
Water Meter Market Overview
The report by Maximize Market Research focuses on the Water Meter market and provides an in-depth analysis by segments and sub-segments in global and regional markets. The report also includes drivers, restraints, and macro factors affecting the global and regional Water Meter markets in the medium and long run. The research includes an in-depth analysis of the global Water Meter market’s trends, predictions, and monetary values. According to the report, between the years 2021 and 2029, the global Water Meter market is predicted to grow at a significant CAGR.
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Water Meter Market Scope
The report explores demand through forecasts period, market trends, and micro and macro determinants. Moreover, the research illustrates the variables that are driving and limiting the Water Meter market’s growth. The MMR provides existing and new market participants insight into prospective investment opportunities in Water Meter market. To give market insights, the report employs analytical approaches such as Porter’s five forces analysis and PESTLE of the Water Meter market. In addition, the study looks at current market trends as well as estimates for the years 2021-2029. The report identified important future developments that will have an impact on demand over the forecast period in the market.
Water Meter Market Segmentation
Mechanical water metres and smart water metres are the two subsectors of the worldwide water metre market. In 2021, the Mechanical Water Meter market category accounted for the biggest market share of%. A piston or turbine is rotated by a mechanical water metre that monitors the rate of water flow via a pipe. This device records how much water is used in the home hook-up for billing purposes. The smart water metre, on the other hand, is anticipated to see the highest CAGR of 10.3% in the worldwide water metre market during the course of the forecast period. A smart water meter’s wireless connection to a wide area network enables remote location monitoring and leak detection, which reduces water wastage.
The global market for water metres is divided into three submarkets based on applications: residential, commercial, and industrial. With a market share of about % in 2021, the Residential segment led the water metre market. Throughout the forecast period, it is anticipated that this segment would expand at a higher CAGR of%. According to several studies, about 20% of renters use about 80% of the water, and gallons of water are also lost owing to leakage and wastage. In a number of developing countries, residential water metering has been demonstrated to reduce water consumption by 20–40%. This is because apartment renters are charged according on their typical usage, making them more cognizant of their usage.
1. Water Meter Market: Research Methodology
2. Water Meter Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Water Meter Market
2.2. Summary
2.1.1. Key Findings
2.1.2. Recommendations for Investors
2.1.3. Recommendations for Market Leaders
2.1.4. Recommendations for New Market Entry
3. Water Meter Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• Latin America
3.12 COVID-19 Impact
Water Meter Market Key Players
• Diehl Stiftung & Co. KG
• Azbil Kimmon Co., Ltd.
• Badger Meter, Inc.
• Elster Group GmbH
• Neptune Technology Group Inc.
• G. Gioanola S.R.L.
• Aichi Tokei Denki Co., Ltd
• Apator SA
• Arad Group
• Fedrel Meter
• B Meter
• Itron Inc.
• Master Meter, Inc.
• Maddalena Spa
• Kamstrup A/S
• Sensus (Xylem Inc.)
• ZENNER International GmbH & Co. KG
• Mueller Systems, LLC.
• Plata Meter Co., Ltd
• NINGBO WATER METER CO.,LTD.
• Jiaxing Eastron Electronic Instruments Co., Ltd.
Regional Analysis
The research report gives a detailed analysis of the Water Meter market that is divided into regions. The report includes an evaluation of regional market participants operating in the competitive market, as well as findings existing in the target market. Based on the regional and country by-country, the research evaluates the market in North America, Latin America, Europe, Asia Pacific (APAC), Africa, and the Middle East. Each region’s market is thoroughly studied, allowing for the discovery of regional Water Meter market trends, constraints, and growth potential.
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Key Questions answered in the Water Meter Market Report are:
Key offerings:
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