Press release
Water Meter Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Water Meter
The predicted surge in water usage is anticipated to boost the water meter market's expansion in the coming years. The escalating population is causing a daily increase in water utilization. Unreturned usage water is what defines water consumption. The water meter plays a significant role in water consumption, billing users based on the volume of water they use. It also enables the easy detection of water pipe leaks, contributing to the reduction of water wastage. For example, the World Resources Institute, a non-profit organization based in the US, reported in August 2023 that water demand in Sub-Saharan Africa is expected to skyrocket by 163% by 2050 - a rate four times higher than Latin America, the region with the second-highest increase, where water demand is anticipated to rise by 43%. As a result, the increase in water usage will serve as a catalyst for the expansion of the water meter market.
Get Your Water Meter Market Report Here:
https://www.thebusinessresearchcompany.com/report/water-meter-global-market-report
What is the future CAGR of the water meter market, and how will it impact industry expansion?
In recent years, the water meter industry has seen robust expansion. This sector, which was worth $5.48 billion in 2024, is projected to increase to $5.75 billion in 2025, yielding a compound annual growth rate (CAGR) of 5.0%. This growth during the historical period can be traced back to the thriving economy in developing markets, an increase in the installation of smart water meters, and encouraging policies from the government.
The water meter industry is predicted to experience significant expansion in the forthcoming years, reaching a staggering $7.49 billion by 2029, with a compound annual growth rate (CAGR) of 6.8%. Factors prompting this anticipated hike during this period include rapid urbanization, heightened water consumption, an increasing need to replace obsolete water meters, and worldwide population growth. The period will likely see a trend towards the release of ultrasonic smart water meters, forming strategic partnerships and collaborations, the establishment of wireless water meters, investing in 5G water meter technology, and executing mergers and acquisitions to enhance financial resilience and diversify product offerings.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5165&type=smp
What new trends are reshaping the water meter market and its opportunities?
The water meter market is currently being dominated by leading corporations primarily focused on the introduction of technologically advanced solutions such as smart water meters. These solutions aim to introduce efficiency in water management, decrease water wastage, and contribute towards the use of sustainable resources. Smart water meters are high-end digital devices that keep track of water usage in real time with great precision. An example of such advancements in technology is the smart water meter introduced by Landis+Gyr, a Switzerland-based company offering energy management solutions, at the Enlit Europe event in November 2022. This smart meter signifies the company's ambition to broaden their business horizons beyond energy to water management solutions as well. The product boasts of advanced IoT features and grid-edge intelligence making it possible for water utilities to maintain a record of consumption, detect any leaks and enhance water conservation. Apart from this, Landis+Gyr also displayed their latest progress in grid-edge and electric vehicle (EV) charging solutions, further emphasizing their dedication towards offering integrated systems for energy and water management for contemporary utility infrastructure.
Which key market segments comprise the water meter market and drive its revenue growth?
The water meter market covered in this report is segmented -
1) By Product Type: Mechanical Water Meter, Smart Water Meter
2) By Application: Residential, Commercial, Industrial
Subsegments:
1) By Mechanical Water Meter: Woltman Water Meter, Single-Jet Water Meter, Multi-Jet Water Meter, Nutating Disc Water Meter
2) By Smart Water Meter: AMR (Automatic Meter Reading) Water Meter, AMI (Advanced Metering Infrastructure) Water Meter, Smart Ultrasonic Water Meter
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5165
What regions are at the forefront of water meter market expansion?
Asia-Pacific was the largest region in the water meter market in 2024. The regions covered in the water meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the water meter market?
Major companies operating in the water meter market include Badger Meter Inc, Ningbo Water Meter Co Ltd, Roper Technologies Inc, Aichi Tokei Denki Co, Xylem Inc, Itron Inc, Diehl Stiftung & Co. KG, Mueller water products inc, Arad Group, Azbil Kimmon Co Ltd, Diehl Metering, Peltek, Apator, Schneider Electric, Siemens, Honeywell Elster, Aclara Technologies, Landis+Gyr, Sensus, Kamstrup, Jiangxi Sanchuan, Chongqing Smart Water Meter Group Co. Ltd, Hebei Yuanjiang Meters Co. Ltd, Ressam Hardware International Limited, Ningbo LongKang Intelligent Instrument Co. Ltd, Kaifeng flowmeter Instrument Co. Ltd, Tangshan Huizhong Instrumentation Co. Ltd, Hangzhou Powerkey Industries And Trade Co. Ltd, Landustrie Sneek BV, Royal Eijkelkamp, Delta-T Devices Ltd, iSAtech Wate, ZENNER International GmbH & Co, Sontex SA, B Meters Metering Solutions, Neptune Technology Group Inc, Agua y Saneamientos Argentinos, Star Measure, Accell Solutions - Unidade Americana, Bin Moosa & Daly Limited, Kamstrup Middle East FZC, DMC International, Alderley FZE, Halawa Tax Meter, Newterra Ltd, Spire Metering Technology, Idrica, Water Utility Solutions, Deelin Projects, Precision Meters (Pty) Ltd, Indecx Instrumentation, Flotron, Free Rain, Dayliff water meter, Danco
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=5165&type=smp
What Is Covered In The Water Meter Global Market Report?
• Market Size Forecast: Examine the water meter market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the water meter market for a structured understanding.
• Key Players Overview: Analyze major players in the water meter market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the water meter market.
• Segment Contributions: Evaluate how different segments drive overall growth in the water meter market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the water meter market.
• Industry Challenges: Identify potential risks and obstacles affecting the water meter market.
• Competitive Landscape: Review strategic developments in the water meter market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Water Meter Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends here
News-ID: 3903629 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Meter
Smart Meter Market Set for Explosive Growth| Secure Meter, Kamsturp, Itron
Market Research Forecast published a new research publication on "Smart Meter Market" with 230+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Smart Meter market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled in the study…
Flow Meter Market Looks Ready For Takeoff: ABB, Badger Meter, Flexim
The Latest Released Global Flow Meter market study has evaluated the future growth potential of Global Flow Meter market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential…
Ultrasonic Water Meter Market Ultrasonic Water Meter Market
The proposed Ultrasonic Water Meter Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.
The Ultrasonic Water Meter Market sample report…
Water Meter Market 2021 Growing Demand, Size and Business Outlook- Ningbo Water …
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Water Meter market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends.
The Water Meter Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and…
Smart Gas Meter Market Outlook 2017- Trilliant, Sensus, Billion, Wasion, Meter I …
A market study ” Global Smart Gas Meter Market ” examines the performance of the Smart Gas Meter market 2017. It encloses an in-depth Research of the Smart Gas Meter market state and the competitive landscape globally. This report analyzes the potential of Smart Gas Meter market in the present and the future prospects from various angles in detail.
The Global Smart Gas Meter Market 2017 report includes Smart Gas Meter…
Global Smart Meter Market (Electricity, Gas, Water): By Type - Smart Electricity …
MarketResearchReports.Biz adds “Global Smart Meter Market 2011 Share, Size, Trends and Forecast to 2022 Market Research Report” reports to its database. This report provides a strategic analysis of the Smart Meter market and the growth estimates for the forecasted period.
Global rise in energy demand along with the emerging trends in smart grid technologies, integration, and advanced infrastructure along with IoT (Internet of Things) has led to the growth of Smart…
