A water meter is a device that provides a measurement of water flowing through a pipe system or other outlet. The meters use a standard unit of measure for volume, such as cubic feet, gallons, cubic meters, or liters.
The water meter market consists of sales of water meters by entities (organizations, sole traders and partnerships) that are used to provide data on the amount of water consumed, which is essential for billing purposes, managing water resources, detecting leaks and ensuring efficient water use.
The global water meter market was valued at $11,534.0 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.0%.
Increasing Smart City Projects
The increasing number of smart city projects around the globe drove the growth of the water meter market in the historic period. Smart city projects are focused on modernizing urban infrastructure to enhance efficiency, sustainability and quality of life. As part of these projects, advanced water management systems were implemented, requiring the deployment of sophisticated water meters for accurate monitoring and management of water usage. For instance, in November 2021, the federal government announced the Investment and Jobs Act in its annual bill in Columbus and Ohio, in which it allocated $500 million for accelerating its smart city initiative and increasing the number of smart cities in the country. Therefore, the increasing number of smart city projects across the globe contributed to the growth of the water meter market.
Integration Of IoT For Enhanced Water Usage Monitoring
Companies operating in the water meter market are focusing on the integration of the internet of things (IoT) in water usage monitoring. This enables instant analysis and predictive insights and identifies opportunities to enhance water usage efficiency. For instance, in May 2024, VivoAquatics, a US-based provider of innovative water management solutions, introduced a new sub-metering water usage platform designed for facilities, offering essential monitoring and leak detection capabilities. This platform utilizes a secure wireless cellular gateway to connect water meter sensors, enabling real-time data collection on water usage throughout the facility. By empowering facility engineers to proactively manage water safety, conservation, compliance and costs, the platform helps address critical water management challenges effectively.
The global water meter market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 22.23% of the total market in 2023.
Water Meter Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global water meter market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for water meter? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The water meter market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider water meter market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product type and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the water meter market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product type and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for water meter providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Product Type: Mechanical Water Meter; Smart Water Meter
- 2) By Application: Residential; Commercial; Industrial
- Companies Mentioned: Badger Meter, Inc.; Mueller Water Products Inc; Xylem Inc.; Kamstrup A/S; Ningbo Water Meter Co Ltd
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; water meter indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.