세계의 수도 미터 시장 규모는 2023년에 220억 달러에 달하며, 예측 기간(2025-2032년)에 CAGR 4.3%로 성장하며, 2024년 229억 5,000만 달러에서 2032년까지는 321억 4,000만 달러로 성장할 전망입니다.
세계 인구의 급속한 증가로 인해 식수, 위생, 건설에 필요한 물 소비량이 증가하면서 지하수 수위 저하와 자원에 대한 접근성 부족으로 인해 현재 진행 중인 물 위기가 심화되고 있습니다. 또한 누수로 인한 파이프라인 고장이 상황을 더욱 악화시키고 있으며, 효과적인 모니터링 솔루션의 시급한 필요성이 부각되고 있습니다. 스마트 시티의 발전과 사물인터넷(IoT) 기기의 부상과 함께 스마트 수도 계량기 채택이 확대되고 있는 것은 시장 확대에 매우 중요한 요인으로 작용하고 있습니다. 향후 예상되는 저전력 광역(LPWA) 네트워크 기술의 발전은 수자원 관리 시스템의 커버리지와 연결성을 강화하여 수자원 관리의 효율성과 지속가능성을 모두 충족시켜 향후 수년간 시장 성장을 더욱 촉진할 것으로 예상됩니다.
Global Water Meter Market size was valued at USD 22.0 billion in 2023 and is poised to grow from USD 22.95 billion in 2024 to USD 32.14 billion by 2032, growing at a CAGR of 4.3% during the forecast period (2025-2032).
The rapid global population growth has led to increased water consumption for drinking, sanitation, and construction, intensifying the ongoing water crisis due to declining groundwater levels and inadequate access to resources. Additionally, pipeline failures resulting in leaks exacerbate the situation, highlighting the urgent need for effective monitoring solutions. The ongoing development of smart cities and the growing adoption of smart water meters, along with the rise of Internet of Things (IoT) devices, are pivotal factors driving market expansion. The anticipated advancement of Low Power Wide Area (LPWA) network technologies, enhancing coverage and connectivity for water management systems, is set to further propel market growth in the coming years, addressing both efficiency and sustainability in water resource management.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Water Meter market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Water Meter Market Segmental Analysis
Global Water Meter Market is segmented by Product Type, Distribution Channel, End User and region. Based on Product Type, the market is segmented into Standard Water Meter and Smart Water Meter. Based on Distribution Channel, the market is segmented into Online and Offline. Based on End User, the market is segmented into Residential, Commercial, Industrial and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Water Meter Market
The Global Water Meter market is significantly driven by the escalating demand for water metering systems across residential and commercial sectors. As industrialization accelerates, a surge in the construction of various facilities, such as manufacturing plants, warehouses, office buildings, and hotels, has been witnessed. The consistent operation of these enterprises and their extensive spatial requirements necessitate effective water management and monitoring solutions. This growing urban landscape and the need for efficient resource utilization highlight the critical role of water meters in tracking consumption, optimizing usage, and ensuring sustainability, ultimately propelling growth in the water meter market on a global scale.
Restraints in the Global Water Meter Market
The global water meter market faces several constraints, primarily stemming from high initial investment costs associated with the installation of new metering systems. Although water meters provide numerous advantages, including accurate wastewater tracking, equitable payment structures based on usage, and potential savings on water tankers, many consumers exhibit hesitation towards their adoption. This reluctance often arises from the substantial expenses involved in upgrading infrastructure, which encompasses both the installation of the meter itself and the associated plumbing costs. Additionally, concerns about future inconveniences further deter potential users from embracing the benefits of modern water metering solutions, limiting market growth.
Market Trends of the Global Water Meter Market
The Global Water Meter market is witnessing a significant shift towards high-quality polymers in the production of plastic water meters, driven by their advantages over traditional metal counterparts, including cost-effectiveness, flexibility, and easier installation due to their poor electrical conductivity. With approximately 97% of properties still utilizing conventional meters that require bi-monthly readings, the demand for smart water meter solutions is gaining momentum, particularly in Japan, as the government seeks to enhance water supply efficiency. This trend is further fueled by a growing focus on water conservation technologies amidst a declining population, posing potential challenges to water utility revenue streams and resource management.