Compared to traditional water metres, smart water metres offer a number of advantages. Smart water metres can assist consumers gain greater understanding of their water usage. Additionally, the use of smart water metres can enhance analysis of water usage, assisting in the implementation of necessary changes to lower water usage and save money. In the near future, it is anticipated that supportive government measures and additional initiatives by key market players to upgrade water metering infrastructure will support market growth.
The global market for Water Metres, which was valued at US$4,093.3 Mn in 2019, is anticipated to grow at a 5.0% CAGR over the projected period.
Key Companies in the Water Meter Industry:
1. Azbil Kimmon Co., Ltd.: Established in 1906. Headquarters in Japan. Azbil Corp., a Japanese business, principally does business through three segments. The building automation segment creates and produces building automation products, such as controllers, sensors, valves, and application software. Additionally, this division offers building management, engineering, maintenance, and energy-saving services.
2. Badger Meter, Inc.: Built in 1905. The headquarters are in the United States. An innovator, producer, and marketer of goods including flow measurement, quality control, and other system solutions for markets is called Badger Metre Inc. Products from the business measure fluids such as water, oil, chemicals, and others, and they also deliver and transmit accurate measurement data. Sales of water metres, radios, software, and related technologies to water utilities (utility water) and sales of metres and other sensing instruments, valves, software, and other solutions for industrial applications in the water, wastewater, and other industries (flow instrumentation) are two of the product lines offered by Badger. With the acquisition of Syrinix, Badger Metre expands its capabilities for smart water.
3. Elster Group GmbH: Built in 1847. German headquarters are in Wiesbaden. Creator of data communication and metering systems. For residential, commercial, and industrial locations, the company offers data communication devices, gas, electricity, and water metres.
4. Plata Meter Co., Ltd: Created in 2004. Located in England, in the United Kingdom. Creator of a fintech lending platform with the goal of facilitating rapid and simple access to capital for various uses. The company's platform enables customers to borrow money when they need it most by providing a simple and straightforward application process, competitive interest rates, and flexible repayment options.
5. Master Meter, Inc.: Created in 2004. Located in England, in the United Kingdom. Creator of a fintech lending platform with the goal of facilitating rapid and simple access to capital for various uses. The company's platform enables customers to borrow money when they need it most by providing a simple and straightforward application process, competitive interest rates, and flexible repayment options.
6. Mueller Systems: Built in 1856. Headquarters in the United States.A U.S.-based business called Mueller Water Products, Inc. develops and markets goods and services for the transportation, distribution, and measurement of water. The business segment of Infrastructure and Technologies is where the corporation is active. Iron gate, butterfly, tapping, and other types of valves are manufactured by Infrastructure for use in water and gas networks. Technologies provide goods and systems for water metering, water leak detection, and pipe condition evaluation. Water Flow Solutions and Water Management Solutions are its two operating segments. The majority of the company's income comes from the United States. Krausz Industries, Ltd. was acquired by Mueller Water Products.
7. Neptune Technology Group Inc.: Established in 1892. United States headquarters. North American supplier of utility automation systems. The company offers gas, electric and water utilities automatic metre reading solutions. It provides gas utility management systems, electric utility management systems, and water utility management systems as well as water metres. Additionally, it provides software solutions including FieldNet, a specialised programme for route control, metre reading, and automated service requests, and Equinox, a ready-to-use programme for managing metre readings. It offers a wide range of water metres and sophisticated metre reading devices to water utilities. - Neptune Technology Group Inc. has selected BillingPlatform for its subscription-based billing capabilities, according to the enterprise monetization platform for today's cutting-edge business models.
Definition: A water meter is measures the quantity (volume) of water that passes through a pipe or other outlet.
