Market Overview:
The global water meter market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for smart water meters and rising awareness about water conservation. In terms of type, the mechanical water meter segment is expected to dominate the market during the forecast period. However, the smart water meter segment is projected to grow at a higher CAGR owing to its advantages such as remote monitoring and leak detection. By application, residential use is expected to be the largest segment during the forecast period followed by commercial use and industrial use segments respectively.
Product Definition:
A water meter is a device that measures the amount of water used by a household or business. The importance of water meters is that they allow utility companies to bill customers for the amount of water used, helping to ensure that everyone pays their fair share for this valuable resource.
Mechanical Water Meter:
A mechanical water meter is a device used to measure the volume or capacity of water in storage, rivers, canals and streams. It’s an electronic device that works on the principle of flow measurement through one or more channels by means of floats. The most common type of mechanical water meter is called reciprocating meters which are widely used for measuring residential and commercial consumption across various industries such as municipal corporations, power plants etc.
Smart Water Meter:
A smart water meter is a device that measures the volume or capacity of water in real time and also helps to track the amount of water used by an individual or a company. The smart meters are connected with an electronic device through wireless technology like Bluetooth, Zigbee, Wi-Fi etc. which makes it possible to monitor and track the usage of water at residential places as well as large scale industries.
Application Insights:
The commercial use segment dominated the global water meter market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to a rise in demand for large water meters at various commercial establishments including hotels, restaurants and shopping malls among others.
Water meters are used to measure and indicate the usage of water by a particular building or group of buildings on an ongoing basis so as to enable efficient management of freshwater resources both within and across sectors such as agriculture, residential, commercial & industrial use. Large scale construction activities taking place across several countries including China India Japan Saudi Arabia UAE have contributed significantly towards increasing product demand globally over recent years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and regulations for sustainable development, rising population, and rapid urbanization in developing countries such as India and China. For instance, in April 2016, China’s State Council announced a plan to install more than 300 million water meters by 2020 throughout the country. This initiative is expected to reduce leakageages caused due to theft of water by up to 30%. In addition, growing awareness regarding conservation of natural resources will also drive demand over the next eight years.
Growth Factors:
- Increasing demand for water conservation and efficient utilization of resources
- Rapid urbanization and industrialization in developing countries
- Stringent government regulations for water usage and wastage
- Rising awareness about the benefits of using smart water meters
- Technological advancements in metering technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Water Meter Market Research Report
By Type
Mechanical Water Meter, Smart Water Meter
By Application
Residential Use, Commericial Use, Industrial Use
By Companies
Ningbo Water Meter, Shanchuan Group, Donghai Group, LianLi Water Meter, SUNTRONT Technology, Shenzhen Huaxu, Hunan Changde Water Meter Manufacture Co., Ltd., Beijing Huiyi, Chongqing Smart Water Meter Group, Lianyungang Water Meter Co.,Ltd., China Minsen Metet Co., Ltd, Integrated Electronic Systems Lab Co.,Ltd., Sensus Metering, Hangzhou Jingda Electronic Co., Ltd., Itron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Water Meter Market Report Segments:
The global Water Meter market is segmented on the basis of:
Types
Mechanical Water Meter, Smart Water Meter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commericial Use, Industrial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ningbo Water Meter
- Shanchuan Group
- Donghai Group
- LianLi Water Meter
- SUNTRONTÂ Technology
- Shenzhen Huaxu
- Hunan Changde Water Meter Manufacture Co., Ltd.
- Beijing Huiyi
- Chongqing Smart Water Meter Group
- Lianyungang Water Meter Co.,Ltd.
- China Minsen Metet Co., Ltd
- Integrated Electronic Systems Lab Co.,Ltd.
- Sensus Metering
- Hangzhou Jingda Electronic Co., Ltd.
- Itron
Highlights of The Water Meter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Water Meter
- Smart Water Meter
- By Application:
- Residential Use
- Commericial Use
- Industrial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Water Meter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A water meter is a device that measures the amount of water used by a household.
Some of the key players operating in the water meter market are Ningbo Water Meter, Shanchuan‚Â Group, Donghai Group, LianLi‚Â Water‚Â Meter, SUNTRONT‚Â Technology, Shenzhen‚Â Huaxu, Hunan Changde Water Meter Manufacture Co., Ltd., Beijing Huiyi, Chongqing Smart Water Meter Group, Lianyungang‚Â Water‚Â Meter‚Â Co.,Ltd., China Minsen Metet Co., Ltd, Integrated‚Â Electronic‚Â Systems‚Â Lab‚Â Co.,Ltd., Sensus‚Â Metering, Hangzhou Jingda Electronic Co., Ltd., Itron.
The water meter market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Water Meter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Water Meter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Water Meter Market - Supply Chain
4.5. Global Water Meter Market Forecast
4.5.1. Water Meter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Water Meter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Water Meter Market Absolute $ Opportunity
5. Global Water Meter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Water Meter Market Size and Volume Forecast by Type
5.3.1. Mechanical Water Meter
5.3.2. Smart Water Meter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Water Meter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Water Meter Market Size and Volume Forecast by Application
6.3.1. Residential Use
6.3.2. Commericial Use
6.3.3. Industrial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Water Meter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Water Meter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Water Meter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Water Meter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Water Meter Demand Share Forecast, 2019-2026
9. North America Water Meter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Water Meter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Water Meter Market Size and Volume Forecast by Application
9.4.1. Residential Use
9.4.2. Commericial Use
9.4.3. Industrial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Water Meter Market Size and Volume Forecast by Type
9.7.1. Mechanical Water Meter
9.7.2. Smart Water Meter
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Water Meter Demand Share Forecast, 2019-2026
10. Latin America Water Meter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Water Meter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Water Meter Market Size and Volume Forecast by Application
10.4.1. Residential Use
10.4.2. Commericial Use
10.4.3. Industrial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Water Meter Market Size and Volume Forecast by Type
10.7.1. Mechanical Water Meter
10.7.2. Smart Water Meter
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Water Meter Demand Share Forecast, 2019-2026
11. Europe Water Meter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Water Meter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Water Meter Market Size and Volume Forecast by Application
11.4.1. Residential Use
11.4.2. Commericial Use
11.4.3. Industrial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Water Meter Market Size and Volume Forecast by Type
11.7.1. Mechanical Water Meter
11.7.2. Smart Water Meter
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
1.10.4. By Sales Channel
11.11. Europe Water Meter Demand Share, 2019-2026
12. Asia Pacific Water Meter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Water Meter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Water Meter Market Size and Volume Forecast by Application
12.4.1. Residential Use
12.4.2. Commericial Use
12.4.3. Industrial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Water Meter Market Size and Volume Forecast by Type
12.7.1. Mechanical Water Meter
12.7.2. Smart Water Meter
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Water Meter Demand Share, 2019-2026
13. Middle East & Africa Water Meter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Water Meter Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Water Meter Market Size and Volume Forecast by Application
13.4.1. Residential Use
13.4.2. Commericial Use
13.4.3. Industrial Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Water Meter Market Size and Volume Forecast by Type
13.7.1. Mechanical Water Meter
13.7.2. Smart Water Meter
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Water Meter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Water Meter Market: Market Share Analysis
14.2. Water Meter Distributors and Customers
14.3. Water Meter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ningbo Water Meter
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shanchuan Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Donghai Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LianLi Water Meter
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SUNTRONT Technology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shenzhen Huaxu
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hunan Changde Water Meter Manufacture Co., Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Beijing Huiyi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chongqing Smart Water Meter Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lianyungang Water Meter Co.,Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. China Minsen Metet Co., Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Integrated Electronic Systems Lab Co.,Ltd.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sensus Metering
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hangzhou Jingda Electronic Co., Ltd.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Itron
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
