February
26, 2019: Global Water Meter Market is estimated to grow
significantly in the forecast period owing to the global advancement of water
infrastructure segment and efforts to decrease the quantity of non-revenue
water. Water meter is a device that measures the use of water. Just like the
electricity and gas meters, water meters record the quantity of water used.
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The different types of
water utilities across globe has forced the installation of water meters since
these gadgets have improved throughout the years to assist customers and
professional co-operations to understand the measure of water usage. The
accuracy of water meters enhances charging policies and allows utilities to
control water use and reduce its wastage.
In the past, few types of
water meters have positively influenced water meter market to rise
substantially. This is due to the growing importance in checking water,
vitality and reducing the use on water bills. The obvious fact about draining
water assets have raised issues concerning measures to reduce water utilization
and wastage across globe, thereby impacting water meter market.
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Governments of different
economies in the world are taking initiatives for reducing wastage by
highlighting and introducing different water meters to inspect the required
water measure for various purposes, its wastage and techniques for
preservation. The prospective buyers worldwide are accepting the water meters
since they control the bill charges, subsequently sparing performance and
assets. The constant technological innovations have triggered the acceptance of
powerful water meters, which has extended the use of water meters in the past
years.
Water meter market is
categorized on the basis of type, application and geography. On the basis of
type, water meter market is divided into rotary piston, single jet, multi jet,
woltman, combination, electromagnetic, and ultrasonic. Each of the
classifications is further divided in two types, conventional and smart.
Based on application,
water meter market is divided into commercial, residential and industrial. The
residential segment, being the key user of water meters is expected to hold
larger share of water meter market. Geographically, water meter market is
segmented as North America, South America, Europe, Asia Pacific, and Middle
East & Africa. Owing to the growing infrastructure in developing areas and
strong presence of numerous manufactures, Asia Pacific is predicted to lead water
meter market.
The key players in water
meter market include ., Apator SA, Arad Group, Diehl Stiftung & Co. KG,
Azbil Kimmon Co., Ltd., Badger Meter, Inc., Fedrel Meter, Elster Group GmbH,
Neptune Technology Group Inc., G. Gioanola S.R.L., Aichi Tokei Denki Co., Ltd,
Ningbo Water Meter Co. LtdB Meter, Maddalena Spa, Kamstrup A/S, Itron Inc.,
Master Meter, Inc., ZENNER International GmbH & Co. KG, Mueller Systems,
LLC., Plata Meter Co., Ltd, Jiaxing Eastron Electronic Instruments Co., Ltd.,
and Sensus (Xylem Inc.).
The global market for
water meter will grow at a CAGR of 6.4% by 2022, according to a new report
published by Gen Consulting Company. The report segments the market and
forecasts its size, by volume and value, on the basis of application (residential,
commercial, industrial, etc.), and by geography (North America, Europe,
Asia-Pacific, MEA and South America).
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