India Water Meters Market, By 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), Industry Trends and Forecast to 2029.
Market Analysis and Insights
The world has noticed a rapid increase in population over the years. With increasing growth in urbanization, water consumption for various purposes such as drinking, construction purposes, bathing, and other activities has increased. However, with high consumption, the groundwater level has been continuously depleting, and major parts of the world are not equipped with water resources leading to a water crisis. On top of that, if water is leaked due to any fault in pipelines, it will lead to even more water crisis; thus, there is a vast need to stop water leakage through the water meter.
Some of the factors driving the market growth are rising demand for water meters in residential and commercial buildings and rising infrastructure development in the country. However, a lack of awareness regarding water meters and water loss is expected to hamper the market's growth.
Data Bridge Market Research analyses that the water meters market will grow at a CAGR of 11.4% during the forecast period of 2022 to 2029.
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Year
|
2020 (Customizable to 2019 - 2014)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By 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)
|
|
Countries Covered
|
India
|
|
Market Players Covered
|
Xylem, WEGoT Utility Solutions Pvt Ltd., Everest Sanitation, Itron, Inc., Azbil Corporation, Flowtech Water Meters and Instruments Pvt. Ltd., Honeywell International Inc., Dasmesh Engineering Works, Siemens, ZENNER Aquamet India Pvt Ltd., Peltek India, Aclara Technologies LLC
|
Market Definition
Water meters are mainly used to measure the volume of water flowing through the pipes. It can be used by a residential or commercial building supplied with public water. It is also used in the industrial sector and for irrigation purposes to measure the volume of water used for the respective purpose. Water utilities use a water meter to measure the amount of water their customers use during the month. The results are then added together to help them monitor their water supply. With this, they make sure they have enough water to supply everyone and help them generate bills for each month. Water meters will also help monitoring water wastage through leakages, dripping taps or any other reason and will help in taking action against such problems.
Water Meters Market Dynamics
Drivers
-
Rising demand of water metering solutions in residential and commercial buildings
The increasing growth in industrialization has led to the extensive development of manufacturing facilities, warehouses, and several commercial buildings that include offices, hotels and others. These properties are spread over large areas and are operated daily.
-
Rising infrastructure development
Infrastructure has been the primary focus for most developing economies, and high investments are being made to increase the development. Many residential complexes, schools, offices, sewage systems, government offices, and others are being developed. The recent technological advancement has led to the increasing incorporation of advanced technologies such as smart water meters to detect leaking water in buildings.
-
Increasing growth in water transmission industry
The increasing investments made to develop water transmission and rising growth in water distribution systems are thus increasing the market's growth.
-
Increasing problem of water scarcity
The world has noticed a rapid increase in population over the years. With increasing growth in urbanization, water consumption for various purposes such as drinking, construction purposes, bathing, and other activities has increased. The presence of water scarcity is increasing the need to conserve water and protect the pipelines from any leakages so that no amount of water can be lost, thus increasing the demand for water meters.
Opportunities
-
Growing government initiatives
Government initiatives such as the Smart Cities Mission (SCM) are also playing a crucial role in driving the adoption of smart meters across cities. The Government has also introduced a series of initiatives to create awareness about water conservation, including the Jal Jeevan Mission, under the Ministry of Jal Shakti, which aims to promote water conservation in 256 most water-stressed districts of India.
Restraints/Challenges
- High initial investment cost
Water meters provide many benefits, such as tracking wastewater, pay per use fairness, saving money on water tankers, etc. But due to the initial cost on the whole infrastructure, plumbing charges, and inconvenience caused after, people mostly hesitate to install a water meter.
COVID-19 Impact on Water Meters Market
COVID-19 has negatively affected the market. The COVID 19 outbreak has affected the growth of the water meter industry due to the lockdown measure in the countries and delays in the production and manufacturing of water meters utilized in residential, commercial, and industrial spaces. Moreover, the limited supply of semiconductors and gadgets has significantly affected the supply of water meters in the market.
Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the water meters. With this, the companies will bring advanced water meters to the market.
For instance,
- In December 2021, The Nation Authority started the installation of smart water meters in Noida. Under this, 5,000 meters were installed in the first phase of the pilot project.
The pandemic threatened to put immense pressure on overstretched water utilities; therefore, the Government of India is looking for the adoption and deployment of smart meters, which aims to combat the looming water crisis that might take severe shape due to the COVID-19 global pandemic to water consumption limits, identify leaks on their side and suggest behaviour options to reduce residential water consumption
Recent Development
- In April 2022, Itron, Inc. announced the launch of its online Partner Solution Marketplace, where the customers can directly access field-proven and pilot-ready solutions from third parties. The catalog showcases innovative and emerging solutions like smart city technologies and Distributed Intelligence (DI) applications. Thus, the company will help its customers modernize their infrastructure with this
- In June 2020, Aclara Technologies LLC announced that Austin Water had selected them to supply and implement a landmark advanced metering infrastructure (AMI) program for the utility. The company will provide and implement a fully integrated end-to-end solution and replace current and manual meter reading systems. With this, the company will help Austin Water achieve its goal of bringing advanced water metering technology to the City
India Water Meters Market Scope
The water meters market is segmented based on component, type, specification, smart technology, product type, application, communication network, size and body material. The growth amongst these segments will help you analyze major industry growth segments and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Software
- Services
On the basis of component, the India water meter market has been segmented into hardware, software and services.
Type
- Positive Displacement Meters (Pd Meters)
- Velocity Flow Meters
- Electromagnetic Meter
- Ultrasonic
- Mechanical
- Turbine
- Compound Water Meters
- Woltman
Based on type, the India water meter market has been segmented into positive displacement meters (PD meters), velocity flow meters, electromagnetic meter, ultrasonic, mechanical, turbine, compound water meters and woltman.
Specification
- Smart
- Standard
Based on the specification, the India water meter market has been segmented into smart and standard.
Smart Technology
- Advanced Metering Infrastructure (Ami)
- Automatic Meter Reading (Amr)
- Others
Based on smart technology, the India water meter market has been segmented into advanced metering infrastructure (AMI), automatic meter reading (AMR) and others.
Product Type
- Cold Water Meter
- Hot Water Meter
Based on product type, the India water meter market has been segmented into cold water meter and hot water meter.
Application
- Water Utility
- Residential
- Commercial
- Industrial
Based on application, the India water meter market has been segmented into water utility, residential, commercial and industrial.
Communication Network
- Wireless
- Wired
Based on the communication network, the India water meter market has been segmented into wireless and wired.
Distribution Channel
- Offline
- Online
Based on the distribution channel, the India water meter market has been segmented into offline and online.
Size
- Less Than 100 MM
- 100 MM - 250 MM
- 250 MM-500 MM
- More Than 500 MM
Based on the size, the India water meter market has been segmented into 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
- Others
Based on body material, the India water meter market has been segmented into ductile cast iron, bronze, copper alloy, stainless steel and others.
India Water Meters Market
The water meters market is analyzed, and market size insights and trends are provided by the component, type, specification, smart technology, product type, application, communication network, size and body material as referenced above.
The country section of the water meters market report also provides individual market impacting factors and changes in regulations in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the significant pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Water Meters Market Share Analysis
The water meters market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, solution launch, product width and breadth, application dominance. The above data points are only related to the companies' focus on the water meters market.
Some of the major players operating in the water meter market are Xylem, WEGoT Utility Solutions Pvt Ltd., Everest Sanitation, Itron, Inc., Azbil Corporation, Flowtech Water Meters and Instruments Pvt. Ltd., Honeywell International Inc., Dasmesh Engineering Works, Siemens, ZENNER Aquamet India Pvt Ltd., Peltek India, Aclara Technologies LLC among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, India versus Regional and Vendor Share Analysis. To know more about the research methodology, drop an inquiry to speak to our industry experts.
SKU-