Global Water Meter Market: Snapshot
Water utilities have shown keen interest in adopting water meters as these devices have evolved over the years to help consumers and service providers to understand the amount of water consumption. The accuracy of this equipment has simplified billing methods and allowed utilities to analyze water consumption and its wastage. Over the years, several types of water meters have gained a market share in the global market owing to their importance in conserving water, energy, and reducing the expenditure on water bills. Citing these reasons, the research report states that the global water meter market will be worth US$5.2 bn by the end of 2024 as compared to US$3.5 bn in 2015. The market promises to expand at a CAGR of 4.5% between 2016 and 2024.
The obvious fact about depleting water resources have raised concerns about measures to reduce water consumption and wastage across the globe. Governments are thus taking initiatives for the same through raising awareness and installing water meters to analyze the required amount of water for various purposes, its wastage if any, and methods of preserve it. Several consumers across the globe are also opting for water meters as they help in optimizing the bill, thereby saving energy and resources. The seamless integration of advanced technologies has led to the introduction of smart water meters, which has increased the uptake of these products over the past few years.
Households Boost Residential Segment as they Continue to be Key Users of Water Meters
On the basis of application, the global water meter market is segmented into residential, commercial, and industrial segments. Of these, the residential segment held the dominant share in the global market in 2015. The report suggests that the residential segment will continue to lead as households will continue to be key users of water meters during the forecast period. The commercial and industrial segments are also estimated to bring in significant revenues as both the segments are expected to install water meters for measuring high volume water flows.
Asia Pacific Remains on Top with Ongoing Infrastructural Changes
In terms of geography, the global water meter market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Of these, Asia Pacific is expected to lead the global market throughout 2016 and 2024. The improving infrastructure in the region and a strong presence of several water meter manufacturers are expected to keep Asia Pacific regional market at the forefront.
The research report points out that the important players operating in the global water meter market are Diehl Stiftung & Co. KG, Azbil Kimmon Co., Ltd., Badger Meter, Inc., Elster Group GmbH, Neptune Technology Group Inc., G. Gioanola S.R.L., Aichi Tokei Denki Co., Ltd, Apator SA, Arad Group, Fedrel Meter, B Meter, Itron Inc., Master Meter, Inc., Maddalena Spa, Kamstrup A/S, Sensus (Xylem Inc.), ZENNER International GmbH & Co. KG, Mueller Systems, LLC., Plata Meter Co., Ltd, NINGBO WATER METER CO.,LTD. and Jiaxing Eastron Electronic Instruments Co., Ltd. The competitive landscape in the global water meter market is quite fragmented due to presence of several players. The lack of product differentiation has further intensified the competition. To gain an edge, players are expected to focus on the integration of advanced technologies in their upcoming products, states the exhaustive report.
Global Water Meter Market: Overview
The water meter market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in water meter market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence market’s growth during the said period. The study provides a holistic perspective on the water meter market’s growth throughout the above mentioned forecast period in terms of revenue (in US$ Mn and Million units), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).
The market overview section of the report demonstrates the market dynamics and trends, such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. An attractiveness analysis has also been provided for every geographic region in the report, in order to give a thorough analysis of the overall competitive scenario of the water meter market, globally. Moreover, the report provides an overview of the various strategies of key players present in the market. Production definition and introduction chapter helps in understanding different types of water meters along with their components which are included in the report.
Global Water Meter Market: Segmentation
The report segments the global water meter market on the basis of type into rotary piston, single jet, multi jet, woltman, combination, electromagnetic and ultrasonic. By application, the market has been classified into residential, commercial and industrial segments. Thus, the report provides in-depth cross-segment analysis of the water meter market and classifies it into various levels, thereby providing valuable insights at the macro as well as micro levels.
The report also highlights the competitive landscape of the water meter market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive water meter market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the water meter market’s growth.
Global Water Meter Market: Regional Outlook
On the basis of country, North America market is divided into the U.S., Canada and Rest of North America. Similarly, Europe market is divided into U.K., Germany, France, Spain, Italy and Rest of Europe. Asia Pacific has been segmented into China, Japan, India, Indonesia and Rest of Asia Pacific. Middle East and Africa covers the U.A.E., Saudi Arabia, South Africa and Rest of Middle East and Africa, similarly, South America region includes Brazil, Argentina and Rest of South America. This report provides all the essential information required to understand the water meter and its components. Also, the report provides insights related to the policies and regulations according to the various geographical regions mentioned above. These policies and regulations are directly or indirectly influencing the water meter market. Furthermore, Porter’s Five Forces analysis explains the factors which are currently affecting the Water Meter market. This report also provides the value chain analysis for the water meter which explains the participants of the value chain.
Key Players Mentioned in the Report are:
Diehl Stiftung & Co. KG, Azbil Kimmon Co., Ltd., Badger Meter, Inc., Elster Group GmbH, Neptune Technology Group Inc., G. Gioanola S.R.L., Aichi Tokei Denki Co., Ltd, Apator SA, Arad Group, Fedrel Meter, B Meter, Itron Inc., Master Meter, Inc., Maddalena Spa, Kamstrup A/S, Sensus (Xylem Inc.), ZENNER International GmbH & Co. KG, Mueller Systems, LLC., Plata Meter Co., Ltd, NINGBO WATER METER CO.,LTD. and Jiaxing Eastron Electronic Instruments Co., Ltd are some of the major players operating within the global Water Meter market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
Water Meter Market Segmentation
- Rotary Piston
- Single Jet
- Multi Jet
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of South America