The global Residential Used Water Meters market was valued at 469.06 Million USD in 2021 and will grow with a CAGR of 5.42% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A water meter is a device that is used to measure the volume of water used by residential and commercial building that is supplied with water by a public water supply system. They can also be used at a well, water source or water system to determine the flow of water via a specific portion of the system. Some water meters measure water in gallons while others measure in cubic feet.This industry is highly fragmented. Most companies are small except for a few large companies. These small businesses have different levels of technical management and production management. Especially in China, there are as many as 600 production companies in the water meter industry in China, with low industry concentration and fierce competition. And many small companies blindly imitate the products of large enterprises. In the competition, these companies often occupy the market by low prices. Water Meter industry concentration is too low, which can only rely on increasing the supervision of product quality and relying on the continuous purification of the market to gradually solve. With the continuous development of key enterprises in the industry, some small enterprises will gradually withdraw from the Water Meter market. In the Worldwide, the major players of Water Meter, Sensus Metering maintained its first place in the ranking in 2017,followed by Itron and Elster (Honeywell). According to study, there are two types of Water Meter, including Smart Water Meter and Mechanical Water Meter. The Mechanical Water Meter segment is projected to account for the largest volume share during the forecast period, however, with the acceleration of urbanization process and strengthened the comprehensive utilization of water resources by government, the smart water meter has entered a period of rapid replacement of mechanical water meters. In recent years, the production of smart water meters has been growing at a rate of around 15%, which will greatly meet market demand.

By Market Verdors:

Sensus Metering

Itron

Elster (Honeywell)

Diehl Stiftung & Co. KG

Badger Meter Inc

Ningbo Water Meter Co., Ltd

Zenner International GmbH & Co. KG

Kamstrup Water Metering

Neptune Technology Group (Roper Industries)

Shanchuan Group

Donghai Group

Mueller Water Products

LianLi Water Meter

SUNTRONT Technology

Hunan Changde Water Meter Manufacture Co., Ltd.

Shenzhen Huaxu

Beijing Huiyi

Chongqing Smart Water Meter Group

Lianyungang Water Meter Co., Ltd.

China Minsen Metet Co., Ltd

Integrated Electronic Systems Lab Co., Ltd.

B METERS s.r.l.

Hangzhou Jingda Electronic Co., Ltd.

By Types:

Mechanical Water Meter

Smart Water Meter

By Applications:

City

Rural

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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