Water Meter Market is Expected to Reach a Value of CAGR of 6.4% by 2017-2022

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. 

the meter by using the meter reading. Water meters are classified in four types namely, water meters, ice meters, moisture meters, and hygrometers (for air humidity). They are also used in all sectors such as farming, residential purposes, and commercial areas. In farming, gauging the irrigation water with the help of water meters is an accurate way for watering crops. Water meters monitor the system’s performance, records the total use of water and verifies pH levels in water collected against the water pumped.

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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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