Global Smart Water Meters Sales Market -Top player in this report include at are Ningbo Water Meter Co., Ltd., Diehl Stiftung & Co. KG, Huizhong Instrumentation Co., Ltd, Sensus USA Inc., Suntront Tech Co., Ltd, Itron, Inc., Anand Zenner Company Pvt. Ltd.

Water meter is used for measuring water use. In several developed nations, water meters are employed to calculate the volume of water used by commercial and residential buildings that are rendered water by a municipal water supply system. Water meters can also be utilized at the water source, or across the water system to verify flow through a specific section of the system. In the majority of the water meters all over the world, water flow is measured in liters or cubic meters (m3) however in the United States and few other nations water meters are calibrated in US gallons or cubic feet (ft.3) on an electronic or mechanical register.

A few electronic meter records can demonstrate flow rate in addition to overall usage. There are various types of water meters in widespread use. The selection depends on several factors such as the type of end user, the flow measurement method, the required flow rates, and precision requirements etc. The public water supply system has expressed interest in embracing water meters as it has developed over the years to assist service providers and consumers to appreciate the consumed quantity of water. The precision of this device has modified billing methods and permitted utilities to examine water utilization and its loss.

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The global water meter market is predicted to experience rapid growth during the forecast period of 2017 to 2022 with steady compound annual growth rate. Enhanced accuracy of water meter together with rising need for savings in billing is driving the growth of global water meter market. Operational expenditure development will further expand the demand for these meters and aid in preserving limited resources at reasonable prices. Increasing demand for water meter systems can be assigned to the improvement of smart grid infrastructure together with the extension of water pipeline network. Efficient measures for monitoring and controlling of Non-Revenue Water will encourage the market growth.

As per the estimation of World Bank, around 32 Billion Cubic Meters of water is lost each year due to defective water distribution networks, imprecise systems, and stealing. Automated Metering Infrastructure (AMI) water meter market extent is set to surpass 50 million units by the end of 2024. Implementation of AMI systems is less subjecting to higher initial installation costs linked with it. Automatic Meter Reading (AMR) water meter systems demand will boost due to extensive implementation of this technology for the precedent couple of decades. Though, statistics security worries related to utilization tracking together with consumer reluctance might hamper the growth of the global water meter market over forecast years.

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The key market players in the global water meter market are Ningbo Water Meter Co., Ltd., Diehl Stiftung & Co. KG, Huizhong Instrumentation Co., Ltd, Sensus USA Inc., Suntront Tech Co., Ltd, Itron, Inc., Anand Zenner Company Pvt. Ltd., Roper Technologies, Inc. (Neptune), Badger Meter, Inc., Elster Group (Honeywell), Arad Group (Master Meter), Kamstrup A/S, Iskraemeco, d.d., Landis+Gyr, Jiangxi Sanchuan Group Co., Ltd. and Siemens AG. According to product types, the market industry is split into; AMR and AMI. By application, the global market is classified as; Residential Use, Commercial Use, and Industrial Use.

Geographically, the global water meter market is segmented into regions which are; Asia-Pacific, Southeast Asia, North America, Europe and rest of the World.

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