The Europe Water Meter Market would witness market growth of 4.2% CAGR during the forecast period (2021-2027).
The procedure of calculating water utilization is called water metering. These water meters monitor the amount of water utilized in commercial as well as residential buildings, which are connected to a public water delivery system. Additionally, they are also used to evaluate the amount of fluid flowing via a specific section of the system. Further, water meters are available in a wide range of shapes and sizes, and are distinct due to flow measuring method, end-user type, required flow rates, and requirements of accuracy.
The increasing pace of urbanization and industrialization would create more opportunities for the market players operating in the regional market in the coming years. In addition, many supportive government initiatives across this region are increasing the awareness among consumers regarding the sustainable use of water along with the benefits of the water meter, which would bolster the growth of the regional water meter market in the forecast years.
In addition, the integration of various technologies like IoT in water meters is contributing to the high adoption of water meters across the region. This would further accelerate the growth of the regional water meter market in the coming years.
The Germany market dominated the Europe Water Meter Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,186.9 million by 2027.The UK market is estimated to grow at a CAGR of 3.4% during (2021 - 2027). Additionally, The France market would exhibit a CAGR of 4.9% during (2021 - 2027).
Based on Product, the market is segmented into Standard Water Meter and Smart Water Meter. Based on Distribution Channel, the market is segmented into Offline and Online. Based on End User, the market is segmented into Residential, Commercial, and Industrial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Water Meter Market Size will Hit $25,368.6 million by 2027, at a CAGR of 4.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Diehl Stiftung & Co. KG, Azbil Corporation, Badger Meter, Inc., Honeywell International, Inc. (Elster Group GmbH), Neptune Technology Group Inc. (Roper Technologies, Inc.), G. GIOANOLA Srl, Aichi Tokei Denki Co., Ltd., Apator SA, Arad Group, and Itron Inc.
By Product Type
By Distribution Channel
By End-User
By Country
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