Learn about the global water meter market through The Business Research Company, which provides information on water meter market size, water meter market drivers and restraints, water meter market players, the COVID-19 impact on the water meter market, and more.

The global water meter market size is expected to grow from $4.65 billion in 2021 to $4.83 billion in 2022 at a compound annual growth rate (CAGR) of 3.9%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The water meters market is expected to reach $5.82 billion in 2026 at a CAGR of 4.8%.

The increasing water consumption is expected to propel the growth of the water meter market in the forecast period.

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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.

Global Water Meter Market Segments Include:

By Product Type: Mechanical Water Meter, Smart Water Meter

By Technology: Automatic Meter Reading, Advanced Metering Infrastructure

By Component: Meter and Accessories, IT Solutions, Communications, Wired, Wireless

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 was the largest region in the water meter market in 2021.

The launch of IoT-enable water meters by the companies is a key trend gaining popularity in the water meter market. The Internet of Things (IoT) is a system of interrelated objects which are connected via the internet and collect and transfer the data over a wireless network without the need of another human. 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.

TBRC’s water meter market report covers:

Major Market Players: 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, and BMETER.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Water Meter Global Market Report 2022–Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

TBRC’s water meter market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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