Worldwide Smart Water Meter Industry Report 2022 : Analysis, Size, Share, Growth, Trends, And Forecasts 2031
The global water meter market report by the business research company identifies the increasing water consumption is expected to propel the growth of the water meter market in the forecast period to be a major growth driver for the Water Meter market. With the rise in population water consumption is increasing day-by-day. Water consumption is defined as the amount of water that is not returned to the source after usage. Water meter affects the consumption of water as it charges the user as per the volume of water used and also provides easier detection of leakage in the water pipe which helps in less wastage of water.
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The the water meter is expected to reach $5.53 billion in 2025 at a CAGR of 4.4%.
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Asia Pacific was the largest region in the water meter market in 2020. The regions covered in the water meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major players in the water meter market are 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.
The countries covered in the water meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The global water meter market is segmented -
1) By Product Type: Mechanical Water Meter, Smart Water Meter
2) By Application: Residential, Commercial, Industrial
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The Water Meter Market Report Contents Include
1. Executive Summary
2. Water Meter Market Characteristics
3. Water Meter Market Trends And Strategies
4. Impact Of COVID-19 On Water Meter
5. Water Meter Market Size And Growth
26. Africa Water Meter Market
27. Water Meter Market Competitive Landscape And Company Profiles
28. Water Meter Pipeline Analysis
29. Key Mergers And Acquisitions In The Water Meter Market
30. Water Meter Market Future Outlook and Potential Analysis
This report covers the trends and market dynamics of the Water Meter market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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