What is the global market size of Water Meter Market?

Water Meter Market size was valued at USD 20310.57 million in 2021 and is poised to grow from USD 21143.3 million in 2022 to USD 29159.4 million by 2030, growing at a CAGR of 4.1% in the forecast period (2023-2030).

Who are the key vendors in the Water Meter Market?

The water meter market has a compressed competitive landscape with a small number of major players operating on a global and regional level. To raise their individual product portfolios and establish a solid footing in the global market, key players are working on product development and strategic alliances. 'Badger Meter, Inc.', 'Diehl Stiftung & Co. KG', 'Itron Inc.', 'Kamstrup A/S', 'Elster Group GmbH (a subsidiary of Honeywell International Inc.)', 'Sensus (a subsidiary of Xylem Inc.)', 'Master Meter, Inc.', 'Neptune Technology Group Inc.', 'Arad Group', 'Aclara Technologies LLC', 'Apator S.A.', 'Zenner International GmbH & Co. KG', 'Iskraemeco d.d.', 'Honeywell International Inc.', 'Jiangxi Sanchuan Water Meter Co., Ltd.', 'ABB Ltd.', 'Chongqing Smart Water Meter Group Co., Ltd.', 'Landis+Gyr Group AG', 'Siemens AG', 'KROHNE Messtechnik GmbH'.

Water Meter Market Size

SkyQuest Technology's Water meter market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Water Meter Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Water Meter Market Insights

Global Water Meter Market size was valued at USD 22.0 billion in 2023 and is poised to grow from USD 22.95 billion in 2024 to USD 32.14 billion by 2032, growing at a CAGR of 4.3% during the forecast period (2025-2032).

Over the years, the population of the world has been growing very quickly. Water is now used more frequently for various activities such as drinking, bathing, and construction as urbanization continues to grow. But due to heavy usage, the groundwater table has been dropping steadily, and many areas of the world lack access to adequate water resources, causing a water crisis. Furthermore, if water leaks through the water meter due to a pipeline failure any kind, it will cause an even larger water crisis, necessitating the need to stop such leak.

The wide development of smart cities all over the world, the ease of access of smart water meters, and the rising popularity of Internet of Things (IoT)-based devices are some of the additional factors driving market growth. Furthermore, it is anticipated that the market will grow more firmly in the coming years due to the development of LPWA (low power wide area) network technologies that offer improved coverage and connectivity for the meter.

US Water Meter Market is poised to grow at a sustainable CAGR for the next forecast year.

Water Meter Market Report Snapshots

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FAQs

The water meter market has a compressed competitive landscape with a small number of major players operating on a global and regional level. To raise their individual product portfolios and establish a solid footing in the global market, key players are working on product development and strategic alliances. 'Badger Meter, Inc. (US) ', 'Diehl Stiftung & Co. KG (Germany) ', 'Itron Inc. (US) ', 'Kamstrup A/S (Denmark) ', 'Master Meter, Inc. (US) ', 'Neptune Technology Group Inc. (US) ', 'Arad Group (Israel) ', 'Apator S.A. (Poland) ', 'Zenner International GmbH & Co. KG (Germany) ', 'Honeywell International Inc. (US) ', 'ABB Ltd. (Switzerland) ', 'Chongqing Smart Water Meter Group Co., Ltd. (China) ', 'Siemens AG (Germany) ', 'KROHNE Messtechnik GmbH (Germany)'

Industrialization's explosive growth has resulted in the establishment of numerous production facilities, warehouses, and other commercial structures including offices and hotels. These businesses are operated on a regular basis and are spread over a sizable area.

High quality polymers are being used more frequently in the production of plastic materials for water meters. In comparison to metal-based meters, plastic meters have a variety of benefits, such as flexibility and affordability. Additionally, because plastic is a poor conductor of electricity, deployment is simpler. Offering plastic water meter and components is the main focus of many top market players. About 97% of properties already have traditional meter installed, which are read every two months. The Japanese government is searching for a smart water meter solution that will allow it to accomplish this goal as a result of the growing emphasis on intelligent and efficient water supply. Additionally, there is less need for water due to the region's dwindling population. The tendency is expected to intensify with the widespread use of water-saving equipment, which could lead to a decrease in the revenue received from water fees. Eventually, this can put a strain on the resources associated with water utility companies.

Due to the presence of several companies dedicated to providing solutions to water management approaches, it is predicted that the market would expand greatly in the North American region. In the manufacturing, construction, and automotive industries, there is a considerable need for water metering equipment. The development of industries in countries like the U.S. and Canada has been driven by the rise in initiatives and efforts by non-governmental groups to save water.

Water Meter Market Size

Water Meter Market Insights

Water Meter Market Report Snapshots

FAQs

What is the global market size of Water Meter Market?

Who are the key vendors in the Water Meter Market?

What is the key driver of Water Meter Market?

What is the key market trend for Water Meter Market?

Which region accounted for the largest share in Water Meter Market?

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