Water Meter Market: Size, Growth, Regional Analysis, And Market Analysis

 Water Meters:

Water Metres are displacement meters used to measure the flow of water in gallons or cubic feet to enhance the water distribution system. They are usually owned and maintained by a city/rural water association or a private water firm. They are mostly used in residential, commercial, and industrial settings.


Market Analysis:

From an estimated USD 5.9 billion in 2019, the global Water Meter Market is expected to grow at a CAGR of 10.3 percent to USD 9.6 billion by 2024. The Water Meter Market is being driven by water companies' increasing efforts to reduce non-revenue water. The ongoing increase in demand for water meters in the residential sector will be driven by the need to provide drinkable water and better sanitation facilities to the world's population. 


With rising demand, increased water stress, rising energy prices, and aging water systems putting strain on water utilities, smart water network solutions have arisen that offer considerable benefits by integrating modern metering technology, software, and effective communications systems. Furthermore, through better leak detection and unprecedented data collecting, end-users may account for every drop and turn water into income by integrating the components mentioned above.


Water Meters are being deployed in response to the pressing requirement for optimal water consumption in water-scarce places. According to the World Water Development Report, 480 million people in Asia will confront water scarcity in the future.


Even though demand for water meters is at an all-time high, suppliers are having trouble persuading utilities to use their product, limiting their Water Meter Market earnings. However, as the need for wastewater management in the industrial sector grows, utilities will require water meters, which will alleviate vendor difficulties.


Kam sturp (Denmark), Badger Meter (US), Diehl (Germany), Landis+Gyr (Germany), Itron (US), Neptune Technology Group (US), Aclara Technologies (US), Sensus (US), BMETER (Italy), Datamatic (US), Honeywell (US), and ZENNER (Germany) are the major key players of Water Meter Market.

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