Global Water Meter Market (2021 to 2027) – by Product, Distribution Channel, End User and Region – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Global Water Meter Market by Product (Standard Water Meter and Smart Water Meter), by Distribution Channel (Offline and Online), by End User (Residential, Commercial and Industrial), by Regional Outlook , Industry Analysis Report and Forecast, 2021 – 2027″ report has been added to from ResearchAndMarkets.com offer.

The global water meter market size is expected to reach USD 25,368.6 million by 2027, growing the market at 4.2% CAGR during the forecast period.

A device that helps monitor the volume and amount of water used in many commercial, residential, and industrial settings is called a water meter. Additionally, smart metering solutions refer to the new extended version of conventional meters, which use meters or modules with communication capabilities built into or connected to the meter.

The water meter works when water flows through a building, it enters through the side water pipe and then passes through the meter. This flow of water entering the building is then calculated by the water meter. Flowing water passes through the meter rotates an integrated device. Each complete rotation of this device calculates a certain amount of water; in which the quantity is immediately indicated on the display panel of the water meter in cubic meters. So when water flows through the water meter, manual rotation of the device is the only way to calculate the amount of water.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has impacted different aspects of the business world. Due to the lockdown imposed in different countries, the COVID-19 pandemic has hampered the production of several items of the Water Meter market. Companies operating in the water meter market can only experience full lockdown to a limited extent, and thereafter they would have to change their investment plans.

Along with this, companies are now mainly investing in creating a better and safer working environment to avoid the low labor and hence low production situation. Many governments are also exerting more efforts to stabilize the economic situation and help companies to expand their businesses, which is expected to support market players and further fuel market growth.

Market Growth Factors:

Increase initiative to promote sustainable water use

There are several initiatives taken by organizations and government authorities to encourage people to save water and promote sustainable water use. As many countries face water supply and demand issues, governments are encouraging efficient water use to reduce excess water demand. The growing population across the world has caused the demand for energy to explode and as a result new industries and workplaces have emerged.

Accurate invoicing process with more economic benefits

Since water meters help in recording the accurate record of water consumed in a facility, it allows billing authorities to more accurately review water records and generate a correct bill for customers. The availability of smart water meters offers an efficient solution for water usage in a residential or commercial building, which is also feasible for water utilities and customers. As a result, these smart meters are seeing increased demand from the residential and commercial sectors.

Marketing Restriction Factor:

Lack of proper knowledge regarding the benefits of water meter

Water meters offer many advantages; however, lack of end-user awareness is expected to limit its demand in the market. Moreover, a large part of the world’s population is still unaware of the presence of such devices that can help reduce water waste and offer accurate billing of their consumed water. At present, the growth of water meters is limited in various developed and developing regions due to lack of awareness.

Scope of the study

Market Segments Covered in the Report:

By product type

  • standard water meter

  • Smart water meter

By distribution channel

Per end user

  • Residential

  • Commercial

  • Industrial

By geography

  • North America

  • we

  • Canada

  • Mexico

  • Rest of North America

  • Europe

  • Germany

  • UK

  • France

  • Russia

  • Spain

  • Italy

  • The rest of Europe

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Singapore

  • Malaysia

  • Rest of Asia-Pacific

  • LAMEA

  • Brazil

  • Argentina

  • United Arab Emirates

  • Saudi Arabia

  • South Africa

  • Nigeria

  • Rest of LAMEA

Main market players

  • Diehl Stiftung & Co. KG

  • Azbil Company

  • Badger Meter, Inc.

  • Honeywell International, Inc. (Elster Group GmbH)

  • Neptune Technology Group Inc. (Roper Technologies, Inc.)

  • G. GIOANOLA Srl

  • Aichi Tokei Denki Co., Ltd.

  • Apator SA

  • Arad Group

  • Itron Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/qidewb

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