The North America Water Meter Market would witness market growth of 4.0% CAGR during the forecast period (2021-2027).
Growth factors of the industry are high water usage, supportive government laws, the increasing requirement for water management, the huge requirement for reducing the non-revenue water losses, expansion of industries across the world, and the need to improve water utility use & efficiency. Moreover, with the increasing population, the usage and demand for water has also increased. Water meters have a huge impact on water utilization since they charge customers based on the quantity of consumed water. These devices also simplify the process of detecting leaks in the waterline, which can lead to decreased wastage of water.
The increasing consumer focus on billing process transparency and the growing economic benefits of deploying advanced technological products are some of the key determinants augmenting the growth of the water meter market over the forecast period. In addition, the rising scarcity of water and the growing government spending on the deployment of water meters would accelerate the growth of the regional water meter market in the coming years.
Moreover, the high awareness among customers regarding the sustainable usage of water is estimated to fuel the growth of the regional market. By using water meters, end-users can track their water consumption and detect water leakages, which can prevent the wastage of water. Due to these benefits, the demand and growth of the water meter market would witness a spur over the forecast period.
The US market dominated the North America Water Meter Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,489 million by 2027. The Canada market is anticipated to grow at a CAGR of 6.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 5.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Water Meter Market is Estimated to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Standard Water Meter
- Smart Water Meter
By Distribution Channel
By End-User
- Residential
- Commercial
- Industrial
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- Itron Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Water Meter Market, by Product Type
1.4.2 North America Water Meter Market, by Distribution Channel
1.4.3 North America Water Meter Market, by End-User
1.4.4 North America Water Meter Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2017, Jun – 2021, Jun) Leading Players
Chapter 4. North America Water Meter Market by Product Type
4.1 North America Standard Water Meter Water Meter Market by Country
4.2 North America Smart Water Meter Water Meter Market by Country
Chapter 5. North America Water Meter Market by Distribution Channel
5.1 North America Offline Water Meter Market by Country
5.2 North America Online Water Meter Market by Country
Chapter 6. North America Water Meter Market by End User
6.1 North America Residential Water Meter Market by Country
6.2 North America Commercial Water Meter Market by Country
6.3 North America Industrial Water Meter Market by Country
Chapter 7. North America Water Meter Market by Country
7.1 US Water Meter Market
7.1.1 US Water Meter Market by Product Type
7.1.2 US Water Meter Market by Distribution Channel
7.1.3 US Water Meter Market by End User
7.2 Canada Water Meter Market
7.2.1 Canada Water Meter Market by Product Type
7.2.2 Canada Water Meter Market by Distribution Channel
7.2.3 Canada Water Meter Market by End User
7.3 Mexico Water Meter Market
7.3.1 Mexico Water Meter Market by Product Type
7.3.2 Mexico Water Meter Market by Distribution Channel
7.3.3 Mexico Water Meter Market by End User
7.4 Rest of North America Water Meter Market
7.4.1 Rest of North America Water Meter Market by Product Type
7.4.2 Rest of North America Water Meter Market by Distribution Channel
7.4.3 Rest of North America Water Meter Market by End User
Chapter 8. Company Profiles
8.1 Neptune Technology Group, Inc. (Roper Technologies)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.2 Itron, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Agreements and Collaborations:
8.2.5.2 Product Launches and Product Expansions:
8.3 Apator S.A.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.4 Diehl Stiftung & Co. KG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Research & Development Expense
8.4.4 Recent strategies and developments:
8.5 Badger Meter, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.5.5.2 Product Launches and Product Expansions:
8.6 Arad Group
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.7 Azbil Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.8 Honeywell International, Inc. (Elster Group GmbH)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional & Segmental Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.6 SWOT Analysis
8.9 G. GIOANOLA Srl
8.9.1 Company Overview
8.1 Aichi Tokei Denki Co., Ltd.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Water Meter Market, 2017 - 2020, USD Million
TABLE 2 North America Water Meter Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Water Meter Market
TABLE 4 Product Launches And Product Expansions– Water Meter Market
TABLE 5 Acquisition and Mergers– Water Meter Market
TABLE 6 North America Water Meter Market by Product Type, 2017 - 2020, USD Million
TABLE 7 North America Water Meter Market by Product Type, 2021 - 2027, USD Million
TABLE 8 North America Standard Water Meter Water Meter Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Standard Water Meter Water Meter Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Smart Water Meter Water Meter Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Smart Water Meter Water Meter Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Water Meter Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 13 North America Water Meter Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 14 North America Offline Water Meter Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Offline Water Meter Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Online Water Meter Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Online Water Meter Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Water Meter Market by End User, 2017 - 2020, USD Million
TABLE 19 North America Water Meter Market by End User, 2021 - 2027, USD Million
TABLE 20 North America Residential Water Meter Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Residential Water Meter Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Commercial Water Meter Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Commercial Water Meter Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Industrial Water Meter Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Industrial Water Meter Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Water Meter Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Water Meter Market by Country, 2021 - 2027, USD Million
TABLE 28 US Water Meter Market, 2017 - 2020, USD Million
TABLE 29 US Water Meter Market, 2021 - 2027, USD Million
TABLE 30 US Water Meter Market by Product Type, 2017 - 2020, USD Million
TABLE 31 US Water Meter Market by Product Type, 2021 - 2027, USD Million
TABLE 32 US Water Meter Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 33 US Water Meter Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 34 US Water Meter Market by End User, 2017 - 2020, USD Million
TABLE 35 US Water Meter Market by End User, 2021 - 2027, USD Million
TABLE 36 Canada Water Meter Market, 2017 - 2020, USD Million
TABLE 37 Canada Water Meter Market, 2021 - 2027, USD Million
TABLE 38 Canada Water Meter Market by Product Type, 2017 - 2020, USD Million
TABLE 39 Canada Water Meter Market by Product Type, 2021 - 2027, USD Million
TABLE 40 Canada Water Meter Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 41 Canada Water Meter Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 42 Canada Water Meter Market by End User, 2017 - 2020, USD Million
TABLE 43 Canada Water Meter Market by End User, 2021 - 2027, USD Million
TABLE 44 Mexico Water Meter Market, 2017 - 2020, USD Million
TABLE 45 Mexico Water Meter Market, 2021 - 2027, USD Million
TABLE 46 Mexico Water Meter Market by Product Type, 2017 - 2020, USD Million
TABLE 47 Mexico Water Meter Market by Product Type, 2021 - 2027, USD Million
TABLE 48 Mexico Water Meter Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 49 Mexico Water Meter Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 50 Mexico Water Meter Market by End User, 2017 - 2020, USD Million
TABLE 51 Mexico Water Meter Market by End User, 2021 - 2027, USD Million
TABLE 52 Rest of North America Water Meter Market, 2017 - 2020, USD Million
TABLE 53 Rest of North America Water Meter Market, 2021 - 2027, USD Million
TABLE 54 Rest of North America Water Meter Market by Product Type, 2017 - 2020, USD Million
TABLE 55 Rest of North America Water Meter Market by Product Type, 2021 - 2027, USD Million
TABLE 56 Rest of North America Water Meter Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 57 Rest of North America Water Meter Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 58 Rest of North America Water Meter Market by End User, 2017 - 2020, USD Million
TABLE 59 Rest of North America Water Meter Market by End User, 2021 - 2027, USD Million
TABLE 60 Key Information – Neptune Technology Group, Inc.
TABLE 61 Key Information – Itron, Inc.
TABLE 62 key information – Apator S.A.
TABLE 63 Key Information – Diehl Stiftung & Co. KG
TABLE 64 Key Information – Badger Meter, Inc.
TABLE 65 key Information – Arad Group
TABLE 66 key information – Azbil Corporation
TABLE 67 Key information – Honeywell International, Inc.
TABLE 68 Key Information – G. GIOANOLA Srl
TABLE 69 Key Information – Aichi Tokei Denki Co., Ltd
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
FIG 5 Recent strategies and developments: Neptune Technology Group Inc.
FIG 8 Recent strategies and developments: Badger Meter, Inc.
FIG 9 Swot analysis: Honeywell international, inc.