According to a new report published by Allied Market Research, titled, The global water meter market size was valued at $19,700.0 million in 2020, and is projected to reach $29,159.4 million by 2030, registering a CAGR of 4.1% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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Amar Chinchane, a Lead Analyst, Construction & Manufacturing at Allied Market Research, stated, “The water meter market has observed significant growth in past few years, owing to rise in water demand and need for efficient water management. In addition, increase in global population has significantly increased demand of water for domestic as well as industrial use. Similarly, commercial organizations are monitoring water usage and water quality. Hence such factors are expected to provide lucrative growth in the water meter market.”
- The outbreak of the Covid-19 pandemic led to global lockdown and temporary closure of manufacturing facilities, which hampered the growth of the global water meter market.
- Nevertheless, the market is going to recover at a slow and steady pace.
The report offers detailed segmentation of the global water meter market based on product, distribution channel, end user, and region.
Based on distribution channel, the offline segment held the highest market share in 2020, accounting for more than two-thirds of the global water meter market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the online segment is projected to manifest the highest CAGR of 4.3% from 2021 to 2030.
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Based on end user, the residential segment accounted for the largest share in 2020, contributing to more than two-fifths of the global water meter market, and is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the highest CAGR of 4.5% from 2021 to 2030.
Based on region, Europe, followed by North America held the highest market share in terms of revenue in 2020, accounting for more than one-third of the global water meter market. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 5.0% from 2021 to 2030.
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Major market players
- Apator SA
- Arad Group
- Badger Meter, Inc.
- Elster Group GmbH
- Gioanola S.R.L.
- Kamstrup A/S
- Maddalena Spa
- Master Meter, Inc.
- Mueller Systems, LLC
- Sensus (Xylem Inc.)
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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