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Water Meter Market 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Aclara Technologies LLC, Badger Meter Inc., Diehl Stiftung GmbH & Co. KG, Honeywell International Inc
Water Meter Global Market
The Business Research Company's Water Meter Global Market Report 2023 identifies the increasing water consumption is expected to propel the growth of the water meter market in the forecast period. 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.
The global water meter market size grew from $4.91 billion in 2022 to $5.19 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The water meter market size is expected to grow to $6.78 billion in 2027 at a CAGR of 6.9%.
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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.
A key trend in the Water Meter market includes 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.
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The Water Meter market is segmented -
1) By Product Type: Mechanical Water Meter, Smart Water Meter
2) By Application: Residential, Commercial, Industrial
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Water Meter market.
The Business Research Company's "Global Water Meter Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Water Meter Market Include:
1. Executive Summary
2. Water Meter Market Characteristics
3. Water Meter Market Trends And Strategies
4. Water Meter Market - Macro Economic Scenario
5. Water Meter Market Size And Growth
……
27. Water Meter Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Water Meter Market
29. Water Meter Market Future Outlook and Potential Analysis
30. Appendix
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