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Water Meter Market Analysis 2023-2032: Market Size, Share, Key Trends And Industry Forecast | Badger Meter, Inc, Ningbo Water Meter Co Ltd, Roper Technologies, Inc, Aichi Tokei Denki Co, Xylem Inc
Water Meter Market
The increasing water usage is expected to propel the growth of the water meter market in the forecast period. Water consumption is defined as the amount of water that is not returned to the source after usage. Water metering affects the consumption of water as it charges the user as per the volume of water used and also provides the easier detection of leakage in the water pipes which helps in facilitating less wastage of water. For example, according to the Nature journal, a UK-based weekly scientific journal, global water demand for all uses is about 4,600 km3 per year, which will increase by 20% to 30% by 2050, up to 5,500 to 6,000 km3 per year. The global water demand for agriculture will increase by 60% by 2025. Therefore, increasing water usage will drive the growth of the water meters market.
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Companies in the water meter market are focusing on launching ultrasonic smart water meters to expand their product portfolio. For example, in November 2022, Landis+Gyr, a Switzerland-based provider of integrated energy management products, launched ultrasonic smart water meters, W270 and W370, based on Internet-of -things (IoT) technology that is fully integrated into latest generation communication networks, enabling remote control. It is 100% recyclable after its extensive lifetime of more than 15 years. The meter provides not only data in terms of volume, but also additional information like water temperatures, statistical values, alarms and events.
The top opportunities in the water meter market segmented by product type will arise in the mechanical water meter segment, which will gain $1.048.8 million of global annual sales by 2027. The top opportunities in the water meter market segmented by application will arise in the residential segment, which will gain $1,208.8 million of global annual sales by 2027. The water meter market size will gain the most in the USA at $432.7 million.
Water Meter Market Segmentation:
The Water Meter market is segmented by product type and by application.
By Product Type-
The water meter market is segmented by product type into
a) Mechanical Water Meter
b) Smart Water Meter
By Demography -
The water meter market is segmented by application into
a) Residential
b) Commercial
c) Industrial
Major players in the Water Meter market include Badger Meter, Inc, Ningbo Water Meter Co Ltd, Roper Technologies, Inc, Aichi Tokei Denki Co, Xylem Inc.
The regions covered in the global Water Meter market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The latest report from The Business Research Company, 'Global Water Meter Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
Water Meter Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Water Meter Market, Conclusions And Recommendations
23. Appendix
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