May
08, 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 monthly charges for
water and sewerage services are calculated from 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).
The report covers
forecast and analysis for the water meter market on a global and regional
level. The study provides historic data of 2012-2016 along with a forecast from
2017 to 2022 based on both output/volume and revenue. The study then describes
the drivers and restraints for the water meter market along with the impact
they have on the demand over the forecast period. Additionally, the report
includes the study of opportunities available in the water meter market on a
global level.
The report has been
prepared based on the synthesis, analysis, and interpretation of information
about the global water meter market collected from specialized sources. The
competitive landscape section of the report provides a clear insight into the
market share analysis of key industry players. Company overview, financial
overview, product portfolio, new project launched, recent development analysis
are the parameters included in the profile.
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