The Global Water Meter Market Report by The Business Research Company covers water meter market drivers and restraints, water meter market size, major players, and the impact of covid-19 on the water meter market.
The water meter market consists of sales of water meters by entities (organizations, sole traders, and partnerships) that manufacture water meters. A water meter is a device that provides a measurement of water flowing through a pipe system or other outlet. Water meters are placed in a box, which is fitted underground or over the ground on public land. They generally feature automated meter reading technology.
The global water meter market is expected to grow from $4.22 billion in 2020 to $4.65 billion in 2021 at a compound annual growth rate (CAGR) of 10.2%. The growth in the water meter market is mainly due to the increase in water consumption, growing need for water management, global industrial development, supportive government regulations, need for improvement in water utility usage and efficiency, and increasing demand to reduce non-revenue water losses. The market is expected to reach $5.53 billion in 2025 at a CAGR of 4.4%.
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Some water meter market trends include the launch of IoT-enable water meters by the companies. IoT-enabled water meter allows the user to know the exact of water used and creates two-way communication between the provider and the user to share information. It also helps in saving and reducing energy, forecasting the water demand, and identifying leaks.
Global water meter market segments include:
1) By Product Type: Mechanical Water Meter, Smart Water Meter
2) By Application: Residential, Commercial, Industrial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest global water meter market share.
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The Water Meter Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides water meter market overviews, analyzes and forecasts market size, share, water meter market players, water meter market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The water meter identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Water Meter Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Aclara Technologies LLC, Badger Meter Inc, Diehl Stiftung GmbH & Co. KG, Honeywell International Inc., Itron Inc., Kamstrup AS, Landis+Gyr Corporation, Zenner International GmbH & Co. KG, Arad Group, BMETER, Datamatics Global Services Limited, Elster Group GmbH, Maddalena Spa, Mueller Water Products, Roper Industries, Sanchuan Wisdom Technology Co. Ltd., Neptune Technology Group, and Aquiba Pty Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Water Meter Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Water Meter Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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