Water Meter Market, By Type (Rotary Piston, Single Jet, Multi Jet, Woltman, Combination, Electromagnetic, Ultrasonic), B

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2. WATER METER MARKET ANALYSIS Water Meter Market, By Type (Rotary Piston, Single Jet, Multi Jet, Woltman, Combination, Electromagnetic, Ultrasonic), By Application(Residential, Commercial and Industrial),and by Region (North America, Latin America, Europe, APAC and MEA) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Market Overview The global water meter market was valued for US$ 4,093.3 Mn in 2019 is expected to exhibit a CAGR of 5.0 % during the forecast period. Market Dynamics- Drivers High efficiency offered by smart water meters is expected to drive growth of the global water meter market during the forecast period Proactive government programs and supplementary initiatives by key players are expected to propel the global smart water meter market growth over the forecast period

4. Market Dynamics- Drivers • Proactive initiatives by governments for literacy development is expected to drive growth of the ASEAN Smart Education and Learning market during the forecast period • Launch of ASEAN Economic Community (AEC) is expected to propel the ASEAN Smart Education and Learning market growth over the forecast period • Rising adoption of smartphones is expected to drive the ASEAN Smart Education and Learning market growth over the forecast period

5. Figure .1 Market Share

6. Market Dynamics- Restraints • High costs required for connected metering infrastructure are expected restrain growth of the global water meter market during the forecast period • Data security-related concerns are expected to hinder the global water meters market growth over the forecast period

7. Market Opportunities • Rapid urbanization is expected to provide major growth opportunities • Growing demand for replacement due to aging infrastructure is expected to offer lucrative growth opportunities in the near future

8. Figure .2 Market Opportunities

9. Market Trends • Growing adoption of plastic-based water meters and components • Growing awareness among residential consumers regarding reduced water wastage • Segment information: • In global water meter market, by application segment, residential sub-segment dominated the global market in 2019, accounting for 73.6% share in terms of value.

10. Market Share

11. Competitive Section Key players operating in the global water mater market are Diehl Stiftung & Co. KG, JiaxingEastron Electronic Instruments Co., Ltd, AzbilKimmon Co., Ltd., NINGBO WATER METER CO., LTD., Badger Meter, Inc., Elster Group GmbH, Plata Meter Co., Ltd, Master Meter, Inc., Mueller Systems, LLC, Neptune Technology Group Inc., ZENNER International GmbH & Co. KG, Gioanola S.R.L., Sensus (Xylem Inc.), Aichi Tokei Denki Co., Ltd, Kamstrup A/S, Apator SA, Maddalena Spa, Arad Group, Fedrel Meter, and Itron Inc.

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