A water meter is a device used to measure the volume of water consumed by a residential, commercial, or industrial building. It records water flow, typically in cubic meters or gallons, by tracking the amount of water passing through a pipe. The primary purpose of a water meter is to monitor and manage water usage for billing, conservation, and resource management.
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 $12,034.30 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 4.00%.
Investments In Water Infrastructure
Investments in water infrastructure drove the growth of the water meter market during the historic period. Governments worldwide are placing a growing emphasis on water conservation and efficient usage. The installation of advanced water meters facilitates enhanced monitoring of water consumption patterns. This capability enables utilities to promptly detect and rectify issues such as leaks and unauthorized usage, while also promoting water-saving behaviors among consumers. For instance, in 2021, the Bipartisan Infrastructure Law allocated over $50 billion to the Environmental Protection Agency, a United States federal agency, marking the largest federal investment ever in the U.S. water infrastructure. This substantial funding targets enhancements in drinking water, wastewater and stormwater systems. The focus is on upgrading aging infrastructure, ensuring compliance with regulations and bolstering resilience against severe weather conditions. This unprecedented investment aims to modernize infrastructure, mitigate risks and strengthen infrastructure readiness for future challenges. Therefore, investments in water infrastructure supported the growth of the water meter market.
Cutting-Edge Wireless Module Slashes Smart Meter Deployment Costs For Utilities
Major companies operating in the water meter market are focusing on developing cutting-edge wireless modules that slash smart meter deployment costs for utilities. Wireless modules for smart water meters are embedded or add-on communication components that enable the remote transmission of water usage data from a meter to a central system, typically via radio frequency (RF), cellular, or LPWAN (Low-Power Wide-Area Network) technologies. For example, in June 2023, Sensus USA Inc., a US-based provider of advanced technology solutions for utilities and public service, launched the Sensus iPERL ultrasonic water meter, which uses non-moving parts and advanced ultrasonic technology to measure water flow accurately. This meter offers low-pressure loss, leakage detection and tamper-proof features, ensuring sustained measurement accuracy and reducing maintenance costs. It also provides 15-year durability, 100% lead-free manufacturing and various communication options for Automatic Meter Reading (AMR) and Advanced Metering Infrastructure (AMI) usage.
The global water meter market is fairly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 22.27% of the total market in 2024.
Water Meter Global Market Opportunities And Strategies To 2034 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.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) 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 (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by animal type and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) 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.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- 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.
- Recent Developments- Information on recent developments in the market covered in the report.
- 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.; Xylem Inc.; Mueller Water Products Inc.; Roper Technologies Inc.; Aichi Tokei Denki Co.
- Countries: China; Australia; India; Indonesia; Japan; South Korea;USA; Canada; Brazil; France; Germany; UK; Italy; Spain; 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.