Water Meter Market Summary
According to the new market research report "Global Water Meter Market Report 2024-2030", published by QYResearch, the global Water Meter market size is projected to grow from USD 7.14 billion in 2024 to USD 9.10 billion by 2030, at a CAGR of 4.12% during the forecast period (2024-2030).
Figure. Global Water Meter Market Size (US$ Million), 2019-2030
Above data is based on report from QYResearch: Global Water Meter Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
Figure. Global Water Meter Top 25 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Above data is based on report from QYResearch: Global Water Meter Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
This report profiles key players of Water Meter such as Sensus, Badger Meter, Itron, Honeywell, Ningbo Water Meter, Neptune Technology Group, Diehl Stiftung, Kamstrup, Sanchuan Wisdom Technology, Ningbo Donghai Group, Zenner, Mueller Water Products, Hangzhou Seck Intelligent Technology, Suntront Tech, Shenzhen Huaxu Science & Technology Development, Chongqing Intelligence Water Affairs, Meter Instruments, Integrated Electronic Systems Lab, Huizhong Instrumentation, Hunan Changde Water Meter Manufacture, Hangzhou Jingda Electronic., Qundis, Lianyungang Water Meter, B METERS, LianYunGang LianLi Water Meter, etc.
In 2023, the global top five Water Meter players account for 39.30% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Water Meter.
Market Drivers:
Saving resources and protecting the environment are my country's basic national policies. Energy conservation and environmental protection will be an important issue that must be paid attention to in future economic development. The country has successively introduced a series of energy-saving measures such as heating metering, tiered water prices, tiered gas prices, and the construction of sewage treatment and water conservancy facilities. Environmental protection policies and industrial policy support will promote the rapid development of smart metering instruments. The sustainable development strategy of water resources has been established in aspects such as the application of measuring instruments, water price and charging reform, and the transformation of water supply pipe network facilities, which has strongly supported the rapid development of the smart water meter industry.
In recent years, the government has attached great importance to the protection and comprehensive utilization of water resources, urban energy conservation and emission reduction, and has continuously strengthened the dispatch management of water supply and use, water price reform, and the promotion of heating system upgrades and billing based on heat, thus promoting the Advanced measurement technology and measuring instrument products have created widespread demand, and the ultrasonic water meter-related market shows good development prospects.
Compared with traditional mechanical meters, smart metering instruments have obvious advantages in metering performance such as metering accuracy, wear resistance, and anti-interference. The maturity of their production technology and large-scale mass production are inseparable from flow measurement technology, sensing and signal acquisition. With the development and progress of many technologies such as technology, material application and structural design technology, the market popularity and penetration of smart instrument products have also continued to increase with the advancement of material technology and industrial technology. At the same time, in recent years, microelectronics technology, signal acquisition and processing technology, remote communication technology, wireless radio frequency technology, low power consumption and weak signal processing technology have developed rapidly.
Intelligent metering instruments have great advantages in environmental tolerance, sealing performance, waterproof ability, battery Substantial breakthroughs have been achieved in aspects such as battery life, and it has the possibility to cope with various complex application environments such as exposure, dust, immersion, high and low temperatures, and high humidity. The environmental adaptability and regional applicability of smart instrument products have gradually increased. In addition, through in-depth cooperation with communication Internet access technology, data mining technology, terminal control technology, etc., smart meters have developed from a single measurement and trade settlement operation mode to a systematic and intelligent direction, realizing zonal metering of water supply in pipe networks, and pipe network management. Specific practices and intelligent applications in the fields of smart water and smart cities, such as online pressure monitoring, pipe network water supply, and heat supply balance dispatch, have better adapted to the needs of modern urban development. It can be seen that the continuous progress of industry technology is a key force to promote the overall healthy development of the industry and ensure that the value of the industry chain changes to a higher direction.
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