Residential Used Water Meters Market will reach 6510 million US$ in 2023

New report published by Global Info Research which offers insights on the global Residential Used Water Meters market.

A water meter is a device that is used to measure the volume of water used by residential and commercial building that is supplied with water by a public water supply system. They can also be used at a well, water source or water system to determine the flow of water via a specific portion of the system. Some water meters measure water in gallons while others measure in cubic feet.

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Global Residential Used Water Meters Market: Forecast by Type / Application / Region

This industry is highly fragmented. Most companies are small except for a few large companies. These small businesses have different levels of technical management and production management.

Especially in China, there are as many as 600 production companies in the water meter industry in China, with low industry concentration and fierce competition. And many small companies blindly imitate the products of large enterprises. In the competition, these companies often occupy the market by low prices. Water Meter industry concentration is too low, which can only rely on increasing the supervision of product quality and relying on the continuous purification of the market to gradually solve. With the continuous development of key enterprises in the industry, some small enterprises will gradually withdraw from the Water Meter market. In the Worldwide, the major players of Water Meter, Sensus Metering maintained its first place in the ranking in 2017,followed by Itron and Elster (Honeywell).

According to study, there are two types of Water Meter, including Smart Water Meter and Mechanical Water Meter. The Mechanical Water Meter segment is projected to account for the largest volume share during the forecast period, however, with the acceleration of urbanization process and strengthened the comprehensive utilization of water resources by government, the smart water meter has entered a period of rapid replacement of mechanical water meters. In recent years, the production of smart water meters has been growing at a rate of around 15%, which will greatly meet market demand.

The worldwide market for Residential Used Water Meters is expected to grow at a CAGR of roughly 5.6% over the next five years, will reach 6510 million US$ in 2023, from 4690 million US$ in 2017, according to a new GIR (Global Info Research) study.

This report focuses on the Residential Used Water Meters in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Global Nonferrous Metal Recycling Market:Key Players
Sensus Metering
Itron
Elster (Honeywell)
Diehl Stiftung & Co. KG
Badger Meter Inc
Ningbo Water Meter Co., Ltd
Zenner International GmbH & Co. KG
Kamstrup Water Metering
Neptune Technology Group (Roper Industries)
Shanchuan Group
Donghai Group
Mueller Water Products
LianLi Water Meter
SUNTRONT Technology
Hunan Changde Water Meter Manufacture Co., Ltd.
Shenzhen Huaxu
Beijing Huiyi
Chongqing Smart Water Meter Group
Lianyungang Water Meter Co., Ltd.
China Minsen Metet Co., Ltd
Integrated Electronic Systems Lab Co., Ltd.
B METERS s.r.l.
Hangzhou Jingda Electronic Co., Ltd.

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Related Information:
United States Residential Used Water Meters Market 2018 Forecast to 2023
Europe Residential Used Water Meters Market 2018 Forecast to 2023
North America Residential Used Water Meters Market 2018 Forecast to 2023
Asia-Pacific Residential Used Water Meters Market 2018 Forecast to 2023
China Residential Used Water Meters Market 2018 Forecast to 2023
EMEA Residential Used Water Meters Market 2018 Forecast to 2023
Global Residential Used Water Meters Market 2018 Forecast to 2023

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