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Water Meter Market 2023 - By Industry Size, Regional Trends, Future Opportunities, Revenue Analysis And Outlook By 2032
Water Meter Market
Water Meter Market Size, Growth Rate, And Forecast
The global water meter market size grew from $4.91 billion in 2022 to $5.19 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The water meter market size is expected to grow to $6.78 billion in 2027 at a CAGR of 6.9%.
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Water Meter Market Drivers
The increasing water consumption is expected to propel the growth of the water meter market in the forecast period. With the rise in population water consumption is increasing day-by-day. Water consumption is defined as the amount of water that is not returned to the source after usage.
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Water Meter Market Segments
• By Product Type: Mechanical Water Meter, Smart Water Meter
• By Application: Residential, Commercial, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Water Meter market.
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Water Meter Market Key Players
Major competitors in the Water Meter market include Aclara Technologies LLC, Badger Meter Inc., Diehl Stiftung GmbH & Co. KG, Honeywell International Inc., Itron Inc.
The Business Research Company's "Global Water Meter Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Water Meter Market Include:
1. Executive Summary
2. Water Meter Market Characteristics
3. Water Meter Market Trends And Strategies
4. Water Meter Market - Macro Economic Scenario
5. Water Meter Market Size And Growth
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26. Africa Water Meter Market
27. Water Meter Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Water Meter Market
29. Water Meter Market Future Outlook and Potential Analysis
30. Appendix
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