Water meters are essential for measuring water consumption in residential, commercial, and industrial settings. These devices are equipped with advanced technology to track water usage, promoting efficient resource management accurately. They play a crucial role in identifying leaks, encouraging conservation, and ensuring fair billing. Smart meters enable real-time monitoring and data analysis. Additionally, their applications extend to irrigation systems, aiding in precision agriculture. Thus, water meters are pivotal in promoting sustainability and responsible water usage.
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Data Bridge Market Research analyses that the India Water Meters Market will grow at a CAGR of 11.4% during the forecast period of 2022 to 2029. Stringent regulations and water conservation policies compel widespread adoption of water meters, ensuring accurate monitoring and control of water usage and aligning with environmental and resource management mandates.
Key Findings of the Study
Rising infrastructure development is expected to drive the market's growth rate
As developing economies emphasize infrastructure development, increased construction of residential complexes, schools, offices, sewage systems, and government facilities follows. This surge in construction fuels the demand for water meters to ensure efficient water distribution and consumption monitoring. With a focus on sustainable and modern infrastructure, the water meters market experiences growth, as these devices become integral components in promoting responsible water management within the expanding urban landscape.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Segments Covered
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Component (Hardware, Software And Services), Type (Positive Displacement Meters (PD Meters), Velocity Flow Meters, Electromagnetic Meter, Ultrasonic, Mechanical, Turbine, Compound Water Meters And Woltman), Specification (Smart And Standard), Smart Technology (Advanced Metering Infrastructure (AMI), Automatic Meter Reading (AMR) and Others), Product Type (Cold Water Meter And Hot Water Meter), Application (Water Utility, Residential, Commercial And Industrial), Communication Network (Wireless And Wired), Distribution Channel (Offline And Online), Size (Less Than 100 mm, 100 mm - 250 mm, 250 mm-500 mm and More Than 500 mm), Body Material (Ductile Cast Iron, Bronze, Copper Alloy, Stainless Steel and Others)
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Market Players Covered
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Xylem (U.S.), WEGoT Utility Solutions Pvt Ltd. (India), Everest Sanitation (India), Itron, Inc. (U.S.), Azbil Corporation (Japan), Flowtech Water Meters and Instruments Pvt. Ltd. (India), Honeywell International Inc. (U.S.), Dasmesh Engineering Works (India), Siemens (Germany), ZENNER Aquamet India Pvt Ltd. (India), Peltek India (India), Aclara Technologies LLC (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The India water meters market is segmented based on component, type, specification, smart technology, product type, application, communication network, size and body material.
- On the basis of component, the India water meters market has been segmented into hardware, software, and services
- On the basis of type, the India water meters market has been segmented into positive displacement meters (PD meters), velocity flow meters, electromagnetic meter, ultrasonic, mechanical, turbine, compound water meters, and woltman.
- On the basis of specification, the India water meters market has been segmented into smart and standard
- On the basis of smart technology, the India water meters market has been segmented into advanced metering infrastructure (AMI), automatic meter reading (AMR), and others
- On the basis of product type, the India water meters market has been segmented into cold water meter and hot water meter
- On the basis of application, the India water meters market has been segmented into water utility, residential, commercial, and industrial
- On the basis of communication network, the India water meters market has been segmented into wireless and wired
- On the basis of distribution channel, the India water meters market has been segmented into offline and online
- On the basis of size, the India water meters market has been segmented into less than 100 mm, 100 mm - 250 mm, 250 mm-500 mm, and more than 500 mm
- On the basis of body material, the India water meters market has been segmented into ductile cast iron, bronze, copper alloy, stainless steel, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major India water meters market players in India water meters market are Xylem (U.S.), WEGoT Utility Solutions Pvt Ltd. (India), Everest Sanitation (India), Itron, Inc. (U.S.), Azbil Corporation (Japan), Flowtech Water Meters and Instruments Pvt. Ltd. (India), Honeywell International Inc. (U.S.), Dasmesh Engineering Works (India)
Market Developments
- In September 2023, Honeywell announced an integration of quantum computing hardware encryption keys into smart utility meters. Leveraging Quantinuum's Quantum Origin technology, this innovation strengthens data security, countering rising cyber threats in the energy sector. Ensuring trust in digitalized energy systems, the enhanced security utility meter sets a new standard, safeguarding end-user data and fortifying natural gas, water, and electricity infrastructure for residential and commercial use
- In May 2023, Honeywell International Inc. launched its advanced cellular module, revolutionizing metering infrastructure by upgrading legacy water meters to smart meters seamlessly, eliminating the need for extra infrastructure. This innovative solution positions the company for substantial market opportunities, fostering the development of a robust brand presence in the industry
- In April 2022, Itron, Inc. launched its Partner Solution Marketplace, providing customers direct access to field-proven and pilot-ready solutions from third-party providers. The platform features cutting-edge offerings such as smart city technologies and Distributed Intelligence (DI) applications. This initiative positions Itron as a facilitator for its customers, enabling them to modernize infrastructure by integrating innovative solutions showcased in the marketplace
- In November 2020, Siemens enhanced its EnergyIP meter data management app using Amazon Web Services. This upgrade benefits over 200 utility firms handling 90+ million meters for electricity, gas, and water. The cooperation aims to increase computing efficiency, enhancing Siemens' ability to provide improved customer service to the utility companies relying on its meter data management application
- In June 2020, Aclara Technologies LLC secured a significant contract with Austin Water to deliver an advanced metering infrastructure (AMI) program. The initiative aims to revolutionize water-metering technology in the city, replacing outdated manual reading systems. Aclara will provide a comprehensive end-to-end solution, aligning with Austin Water's objectives for enhanced efficiency and modernization in water management
For more detailed information about the India water meters market report, click here – https://www.databridgemarketresearch.com/reports/india-water-meters-market
