Electromagnetic Water Meter Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC555

Introduction

Electromagnetic water meters have become increasingly well known for mass estimation of private and commercial drinking water, particularly as evaluating and metering pick up as tools for more productive utilization of water and water preservation. The more important water turns into, the more intrigued the market is in the exactness and unwavering quality of water meters. Previously, a few issues hindered electromagnetic water meter exactness and dependability, including the circumstances in which there are insignificant streams, and close quarter establishment with not as much as ideal up and downstream straight runs. Cabling expenses can be high, particularly in remote zones and additionally very populated territories, and cables are liable to altering.

Market Dynamics

Water utilities have shown unmistakable interest in holding onto water meters as these devices have created during the time to help the customers to understand the measure of water use. The precision of this equipment has enhanced charging strategies and empowered utilities to analyze the water use and its wastage. Consistently, a couple of sorts of water meters have grabbed a piece of pie in the overall market inferable from their criticalness in checking water, significance, and reducing the utilization on water bills. The irrefutable fact about depleting water resources have raised stresses over measures to reduce water use and wastage over the globe. The increasing government spending in growing economies is also anticipated to fuel the growth of electromagnetic water meter market across the globe. The market players have started adopting product innovations as a key strategy. The new innovations in this market eradicates the challenges, thus offering outstanding low-flow accuracy with no requirement of upstream or downstream straight runs.

Market Classification and Overview

The global electromagnetic water meter market is bifurcated on the basis of type, application and geography. On the basis of type, the market is classified as flange type, plug-in type and others. Flange type is expected to hold the major share in the global market, owing to the increasing demand from precision and accuracy in various industries such as food and building and construction. On the basis of application, the market is segmented into food processing, water treatment, industrial and others. The advancement of infrastructural and residential buildings in rising economies is expected to drive the growth of global market throughout the years. Progressing developments including rail transports and airports, is also anticipated to boost the demand for electromagnetic water meter. Also, expanding government spending from developing economies such as China, India, and Brazil is filling the interest for electromagnetic water meters.

Regional Overview

The market for electromagnetic water meter is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). Asia-Pacific was the major contributors to the growth of electromagnetic water meter market in 2015, owing to the upsurge in demand from various end-use industries. North America was the second biggest market followed by Europe. The market for electromagnetic water meter in Asia-Pacific is further projected to witness highest growth in coming years owing to the rapid industrialization and growth in infrastructural activities in the region.

Report Coverage

Market

Electromagnetic Water Meter Market

Analysis Period

2018 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Type, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

Siemens, ABB, Elster, Krohne, Azbil, Omega, Aichi Tokei, and Bermad Meters are some of the key players operating in the electromagnetic water meter market. 

Market Segmentation

Market By Type

·         Flange Type

·         Plug-in Type

·         Others

Market By Application

·         Food Processing

·         Water Treatment

·         Industrial

·         Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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