Residential Used Water Meters Market (Updated Version Available)

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 2020,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.
The Residential Used Water Meters market was valued at 4690 Million US$ in 2020 and is projected to reach 7240 Million US$ by 2026, at a CAGR of 5.6% during the forecast period. In this study, 2021 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for Residential Used Water Meters.

This report covers the present status and the future prospects of the global Residential Used Water Meters market for 2015-2026.
The report offers detailed coverage of Residential Used Water Meters industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Residential Used Water Meters by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
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.

Market Segment as follows:
Market by Order Type

Mechanical Water Meter
Smart Water Meter
Residential Used Water Meters Breakdown Data by Application
City
Rural

Residential Used Water Meters market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Residential Used Water Meters market for the forecast period 2021 - 2026?
• What are the driving forces in the Residential Used Water Meters market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Residential Used Water Meters industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.