Press release
Soaring Demand Set to Propel Water Meter Market to $7.21 Billion by 2029
Water Meter
What Is the Expected CAGR for the Water Meter Market Through 2025?
In recent times, the water meter market size has seen a consistent rise. It is projected to increase from $5.48 billion in 2024 to $5.66 billion in 2025, chalking up a compound annual growth rate (CAGR) of 3.3%. This growth during the historical period can be credited to robust economic growth in budding markets, amplified implementation of smart water meters, and supportive policies by the government.
What's the Projected Size of the Global Water Meter Market by 2029?
Expectations for the water meter market are bullish, with predictions of robust growth in the coming years. The market is projected to surge to $7.21 billion by 2029, boasting a compound annual growth rate (CAGR) of 6.2%. This anticipated growth during the forecast period can be chalked up to factors such as burgeoning urbanization, increased water consumption, a rising demand for the replacement of outdated water meters, and a global population increase. The trend forecast for this period points towards the introduction of ultrasonic smart water meters, driving partnerships and collaborations, investing in wireless and 5g water meter technologies, and a focus on mergers and acquisitions to solidify financial standing and diversify product offerings.
View the full report here:
https://www.thebusinessresearchcompany.com/report/water-meter-global-market-report
Top Growth Drivers in the Water Meter Industry: What's Accelerating the Market?
Predicted upsurge in water usage is anticipated to boost the water meter market's development over the forecast period. As the population grows, the consumption of water is escalating. Water usage represents the quantity of water unreturned to its source following consumption. The water meter impacts how water is consumed, charging individuals based on the volume of water they use and simplifying the detection of leaks, thereby reducing water wastage. As an illustration, the World Resources Institute, a non-profit organization based in the US, suggested in August 2023 that by 2050, water demand in Sub-Saharan Africa is set to spike by 163%-a quadruple of the Latin America's rate of increase, the region with the second highest water demand, which is projected to grow by 43%. Consequently, the rise in water consumption is expected to propel the expansion of the water meters market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5165&type=smp
What Trends Will Shape the Water Meter Market Through 2029 and Beyond?
Leading firms in the water meter market are prioritizing the creation of technologically advanced solutions like smart water meters. These innovations aim to boost water management efficiency, curb water wastage, and contribute to sustainable resource use. A smart water meter serves as a sophisticated digital tool that precisely records water usage in real-time. For instance, Landis+Gyr, an energy management solutions provider in Switzerland, recently announced its smart water meter in November 2022 during the Enlit Europe event. This advanced smart meter features enhanced IoT capabilities and grid-edge intelligence, providing a way for water utilities to track consumption, spot leaks, and promote water conservation. This launch marks the company's expansion beyond energy into water management solutions. Alongside this, Landis+Gyr also showcased its newest innovations in grid-edge and electric vehicle (EV) charging solutions, demonstrating their dedication to delivering integrated energy and water management systems for the evolving utility infrastructure.
What Are the Main Segments in the Water Meter Market?
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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=5165&type=smp
Which Top Companies are Driving 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
Which Regions Will Dominate the Water Meter Market Through 2029?
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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5165
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow 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
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering 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 Soaring Demand Set to Propel Water Meter Market to $7.21 Billion by 2029 here
News-ID: 4265367 • Views: …
More Releases from The Business Research Company
Automotive Sector's Expansion Boosts Connector Market Prospects: Strategic Insig …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Connector Market Size By 2025?
The size of the connector market has seen significant growth in the past few years. It is projected to increase from a valuation of $86.07 billion in 2024 to about $90.87 billion in 2025, marking a compound annual growth rate…
Electric Vehicle Fleet Management Market Growth Accelerates: Strategic 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 Will the Electric Vehicle Fleet Management Industry Market Size Be by 2025?
In recent times, the electric vehicle fleet management market has seen robust growth. Its size is expected to expand from $23.52 billion in 2024 to $24.92 billion in 2025, with a compound annual growth rate (CAGR)…
Big Data Analytics In Semiconductor And Electronics Market Poised to Hit $31.39 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Big Data Analytics In Semiconductor And Electronics Market Size Growth Forecast: What to Expect by 2025?
The market size for big data analytics in the semiconductor and electronics sector has experienced robust growth in the past few years. Expected to advance from $21.8 billion in 2024 to $23.36 billion…
Addressing Road Safety Through The Growth Of Connected And Autonomous Mobility V …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Connected And Autonomous Mobility Vehicles Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the market size of connected and autonomous mobility vehicles has seen an impressive expansion. It is projected that the market will increase from $197.56 billion in 2024 to $288.85 billion…
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…
