Water Meter Market Growth Rate, Share Value, and Business Opportunities
Government initiative for rising awareness among consumers regarding advantage of installing water meters and analyzing the required amount of water, saving energy and resources, and growing demand from customers are documented as major factors estimated to enhance the growth in the years to come.
(firmenpresse) - The Water Meter Market is estimated to grow at a CAGR of 6.4% over the forecast period as the scope and its applications are rising enormously across the globe. Water Meters are termed as devices that measure the amount of water supplied. They measure the volume of water in cubic meters used by commercial and residential buildings, which are supplied with water by a public water supply system. It may be used at water source to regulate flow via a distinct portion of the system. Velocity meters and positive displacement meters are the major types of water system.
Government initiative for rising awareness among consumers regarding advantage of installing water meters and analyzing the required amount of water, saving energy and resources, and growing demand from customers are documented as major factors estimated to enhance the growth in the years to come. However, the presence of alternatives may restrain overall market growth in the years to come. Water Meter Market is segmented based on type, application, and region.
Ultrasonic, rotary piston, electromagnetic, single jet, combination, multi jet, and woltman are the types that could be explored in the forecast period. The market may be categorized based on applications like industrial, residential, commercial, and others. The residential sector accounted for the significant market share of Water Meter and is estimated to continue its dominance in the years to come. However, commercial and industrial sector are estimated to grow at the fastest pace in the years to come.
Globally, Asia Pacific accounted for the substantial market share of Water Meter and is estimated to lead the overall market in future. The reason behind the overall market growth could be presence of key manufacturers in the region and developing infrastructure in this region. The developing countries like India and China are the major consumers of Water Meter in this region.
North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. The United States is the major consumer of Water Meter in this region. However, Europe is estimated to grow at fastest pace with the highest CAGR in the foremost period.
The key players of Water Meter Market are Jiaxing Eastron Electronic Instruments Co., Ltd., Diehl Stiftung & Co. KG, NINGBO WATER METER CO., LTD., Azbil Kimmon Co., Ltd., Plata Meter Co., Ltd, Badger Meter, Inc., B Meter, Itron Inc., Elster Group GmbH, Gioanola S.R.L., Mueller Systems, and Aichi Tokei Denki Co., Ltd. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition.
Themen in dieser Pressemitteilung:
water-meter-market
machinery-and-machine-parts
machine-parts
machine-parts-market
machine-parts-industry
machinery-market
machinery-industry
water-meter
water-meter-industry
Unternehmensinformation / Kurzprofil:
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
"Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Phone: +1-408-610-2300
Toll Free: +1-866-831-4085
Email: sales(at)millioninsights.com"
Datum: 19.09.2019 - 02:49 Uhr
Sprache: Deutsch
News-ID 1552346
Anzahl Zeichen: 11049
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Machinery & Tools
Typ of Press Release: Financial
type of sending: send
Date of sending: 19.09.2019
Anmerkungen:
Diese Pressemitteilung wurde bisher 492 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Water Meter Market Growth Rate, Share Value, and Business Opportunities
"
steht unter der journalistisch-redaktionellen Verantwortung von
Million Insights (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
