Water meters are used to measure volume of water used by residential and commercials which is supplied by public water system. It helps in determining water leaks in distribution network thus providing accurate revenue for the amount of water used. It is also used to determine the flow of water at different water sources. Several types of water meters are available in the market depending upon the flow measurement method, the type of end user, required flow rates, and accuracy requirements. Different meters are used for measuring cold portable and hot water.
Increase in the depletion of water resources as well as changing climatic condition demands water conservation. Awareness for decreasing water consumption and wastage of water across the globe is increasing. Government is taking keen interest in water conservation and initiate installing water meters in order to keep an eye to analyze the required amount of water for various purposes. People across the globe have also started opting water meters as it helps in optimizing the bill, thereby saving energy and resources. These are some of the major drivers for water mater market.
In terms of volume, global water meter market in 2017 stood at 132.54 million units and is expected to reach XX million units by 2025 growing at a CAGR of XX% from 2017 to 2025. In terms of revenue, global water meter market in 2017 stood at USD 2,663.06 Million and is expected to reach USD XX Million by 2025 growing at a CAGR of XX% from 2018 to 2025.
On the basis of type, the water meter market is broadly fragmented into mechanical water meters and smart water meter. Mechanical water meters occupied larger market share as compared to smart water meter.
Region wise, water meter market is segmented into North America, Europe, China, Japan, Southeast Asia, India, South America, Middle East and Africa, and Row. North America held the highest market share.
Some of the major global players operating in this market are Sensus Metering, Itron, Honewell, Roper industries, Mueller Water Products, Diehl Stiftung & Co. KG, Badger Meter Inc, Arad Group, Kamstrup Water Metering, Zenner, ABB Group, Ningbo Water Meter, Shanchuan Group, Donghai Group, LianLi Water Meter and others.
The Global Water Meters Market is segmented as follows:
Global Water Meters Market: Type Analysis
• Mechanical Water Meters
• Smart Water Meters
Global Water Meters Market: Application analysis
• Residential use
• Commercial use
• Industrial use
Global Water Meters Market: Regional Analysis
• North America
• Southeast Asia
• South America
• Middle East and Africa