Press release
Water Meter Market Adoption of Advanced Technologies Hits a CAGR of 4.1% by 2030
Water Meter Market
Water meters serve the essential function of quantifying water flow within pipelines, whether it's the primary supply line for a building or a specific sub-zone within an industrial facility, such as a refrigeration unit. Traditionally, these meters gauge volume in units of gallons or cubic feet, but advancements have ushered in a new era of technology, transitioning from basic mechanical models to more sophisticated options like electromagnetic and ultrasonic meters.
According to a new report published by Allied Market Research, titled, The global water meter market size was valued at $19,700.0 million in 2020, and is projected to reach $29,159.4 million by 2030, registering a CAGR of 4.1% from 2021 to 2030.
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Dynamic Drivers:
The demand for real-time, web-based monitoring, adaptable billing systems, and timely data alerts for non-revenue water and leak detection has fueled growth in the global water meter market. These meters not only facilitate efficient water usage but also play a crucial role in safeguarding communities against water scarcity while fostering sustainable water consumption practices. As urbanization escalates, so does the necessity for precise water measurement, prompting water distributors to integrate water meters into their infrastructure.
Key players in the industry are focusing on developing products that harness ultrasonic and electromagnetic technologies. Moreover, they are implementing advanced metering infrastructure (AMI) systems empowered by cutting-edge data analytics to broaden their consumer base and enhance service delivery.
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Top Players:
Key companies profiled in the Water meter market report include Apator SA, Arad Group, Badger Meter, Inc., Elster Group GmbH, Gioanola S.R.L., Kamstrup A/S, Maddalena Spa, Master Meter, Inc., Mueller Systems, LLC., and Sensus (Xylem Inc.).
Water metering is indispensable for accurately billing consumers based on their water usage over specific periods. Additionally, it furnishes detailed insights into consumption patterns, aiding in the formulation of effective water conservation and management strategies. By providing high-resolution data on water consumption, these meters contribute significantly to sustainable resource management practices.
Key Segments -
By Product Type:
• Standard Water Meter
• Smart Water Meter
By Distribution Channel:
• Online
• Offline
By End User:
• Residential
• Commercial
• Industrial
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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