Market Research Analysis Water Meter Market Size, Growth, Analysis,2022 | Page 2

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.
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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.
Market Segment:
Key Applications
• Residential
• Commercial
• Industrial
Key Regions
• North America