Global Water Meter Market Detailed Analysis of Current Industry Trends, Growth Forecast To 2029
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 global market report provides Key trends that are clearly and compactly summarised. The foremost current analysis on the market perceives and assesses competitive threats and arranges company strategies with our analysis, insight and assured growth projections. The report further states market size, market share and it also focuses on global, regional and company levels.
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Market Scope:
The report helps in understanding clients’ interests what quantity do your potential clients’ pay annually on the categories of product or services you intend to supply and the way massive is that the potential marketplace for your business. The MMR analysis additionally aids within the comprehension of the Water Meter Market dynamics and structure by finding out market segments and predicting market size. The analysis is an associate investor's guide as a result of it clearly depicts a competitive analysis of key corporations within the Market by sort, price, condition, product portfolio, growth plans, and regional presence.
COVID-19 Impact Analysis on Water Meter Market:
COVID-19 presented the world with associated new economic, humanitarian, and tending challenges. The rapid unfolding of the sickness has crystal rectifier to a major impact on the worldwide market, with a worsening in demand for brand new and recent vehicles. Moreover, throughout the tip of 2021, matters came up to speed in some countries, the demand & supply gap was fulfilled, leading to progressive growth.
Water Meter Market Segment:
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. Water metres are employed in numerous
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 sector led the water metre market. It is anticipated that over the forecast period, the Residential segment would expand at a faster 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.
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.
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Reasons to Purchase Water Meter Market Report:
1. Necessary changes in Water Meter market dynamics
2. What is the market situation in different countries according to regional analysis?
3. Current and way forward for market outlook within the rising and emerging markets.
4. Analysis of different aspects of the market with the help of Porter's five forces analysis.
5. The segment that is expected to dominate the market.
6. Identify the latest developments, global market shares, and strategies employed by the major market players.
7. Former, ongoing, and projected market analysis in terms of volume and value
Besides, the market study affirms the leading players worldwide within the market. Their key promoting strategies and advertising techniques have been to supply a transparent understanding of the market.
Regional Analysis:
Geographically, this report is segmented into several key Countries, with market size, growth rate, import and export of Water Meter market in these countries, which covers North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Spain, Italy, Rest of Europe) Asia Pacific (China, India, Japan, Australia, South Korea) ASEAN Countries, Rest of APAC, South America (Brazil), Africa, and the Middle East.
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