According to the report “Water Meter Market: By Type (Mechanical, Smart); By Application (Residential, Commercial, Industrial) & By Region (Europe, Asia-Pacific, North America, RoW)-Forecast (2016-2022)”, published by IndustryARC, estimates to grow continuously due to government strict rules for saving water.
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Water meter is a device which measures the positive displacement flow meter water supplied to certain places in accordance to the need. The meter will be placed in a meter box, which will be fitted underground on public land, these meters will feature an automated meter reading (AMR) technology.
These water meter services can be read by different measure rather than by an individual visit by a meter reader. This means we won’t need to enter your property to take a water meter reading and we can read them more efficiently. AMR is also known as the smart meter technology and some are also known as a mechanical turbine meter. The smart water counter technology has the capability to provide information about the water usage, so we are able to see how much water we have used. By knowing a bit more about how much we use it will hopefully make it easier to manage your waste usage.
Scope & Regional Forecast of the Water Meter Market
Strict regulations toward water conservation and accurate billing coupled with rising consumer awareness will fuel the Europe smart water meters market growth. This technology was brought to the market due to the heavy wastage of water by the American Recovery and Reinvestment Act (ARRA), 2009 in association with the Department of Energy (DOE) funded the Smart Grid Investment Grant (SGIG) to encourage adoption of intelligent systems. Population growth, accelerated urbanization and climate change are all significant stress factors for long term water sustainability.
Advances in ultrasonic and other volumetric water meter operation technologies are making smart water meters more precise and more reliable than ever before. But, as important as they are, digital water meters operate within holistic smart water management solutions. The solutions that are being empowered by an entire range of technology, is objective is to advance into next-generation networks like LPWA (Low Power Wide Area) networks. Utilities are not only big players using smart meter to optimize water usage. Industry accounts for 20% of water consumption, worldwide. Industrial plants are also strengthening their corporate citizenship profiles. The commercial smart water metering market share is expected to grow by more by 2022.
Increasing administrative emphasis with favorable government initiatives will positively drive the smart water meter market growth. Growing foreign collaborations and investments toward the development of high performance advanced systems will further stimulate the product demand. Being an active member of the Open Metering System Group the country regulates the standardization activities of these products for water, gas and electricity. Europe is dominated in the water meter installation market, driven by higher adoption of technological device in its well organized water supply systems. Regions like North America and Asia-Pacific as second and third largest market for the water meter treatment.
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Segmentations & Key Players Involved in the Water Meter Market
The Water Meter Market can be broken down into various segmentations on the basis of –
Type: Mechanical and Smart
Application: Residential, Commercial, Industrial and Others
Geography: Europe, Asia-Pacific, North America, and Rest of the World
Some of the key players involved in the Water Meter Market are as follows:
Mueller Water Products
Diehl Stiftung & Co. KG
Badger Meter Inc
Arad Group(Master Meter)
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* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a six year period of 2016 – 2022, to assess how the market will develop.
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Company Name: IndustryARC
Contact Person: Mr. Venkateshwar Reddy
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Country: United States