The Business Research Company's Water Meter Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034
The global water meter market reached a value of nearly $14.89053 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.35% since 2019. The market is expected to grow from $14,890.53 billion in 2024 to $19.96039 billion in 2029 at a rate of 6.04%. The market is then expected to grow at a CAGR of 6.94% from 2029 and reach $27.91415 billion in 2034.
What strategies are being adopted by key players in the water meter market?
The key players in the market are adopting extensive strategies in the water meter market such as:
Strengthening business capabilities through strategic partnerships aimed at operational growth
Expanding operational capacity by collaborating with partners to enhance efficiency and scale
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To take advantage of opportunities, The Business Research Company suggests that water meter companies enhance offerings:
Cloud-powered smart water meter systems address challenges of aging infrastructure and rising operational costs
Integrating IoT technology to improve real-time monitoring of water usage
Developing wireless water meter solutions to boost operational efficiency
Launching innovative smart water meter pilot programs to optimize water management
Introducing advanced wireless modules that significantly reduce deployment costs for utilities
What Is Water Meter Market Overview?
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.
A water meter measures the volume of water passing through a pipe. They work by displacing a mechanical component, such as an oscillating piston or disk, when water passes through the main chamber of the meter. The amount of water that has flowed through the meter is then displayed on the display because of the movement of this mechanical part.
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Who Are The Major Companies Operating In The Global Water Meter Market?
The top 10 competitors in the market made up 22.27% of the total market in 2024. Badger Meter Inc. was the largest competitor with a 4.72% share of the market, followed by:
Xylem Inc.
Mueller Water Products Inc.
Roper Technologies Inc.,
Aichi Tokei Denki Co.,
Itron Inc.
Landis+Gyr Group AG
Ningbo Water Meter Co Ltd.
Azbil Co. Ltd.
Viewshine Ltd.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. We have published over 15,000 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
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