Diehl Stiftung & Co. KG entered into a strategic cooperation agreement with Abunayyan Holding for water meter market

 

Water Meter Market

The advent of smart water meters is driving the growth of the global water meter market. Increasing government programs and supplementary initiatives by key players is also fostering the growth of the market. For instance, under the Metering Programme started by Southern Water, Worthing, the U.K., around 450,000 water meters were installed within the Kent, Sussex, Hampshire, and Isle of Wight regions of the U.K. Installation of these water meters was concluded in the late. Rapid urbanization is another key factor driving the growth of the water meter market. According to the United Nations, in 2018, 55% of the world's population lives in urban areas, a proportion that is expected to increase to 68% by 2050. Furthermore, growing demand for replacement of new water meter is further anticipated to propel growth of the market.

The growing trend of adopting plastic-based water meters and components is expected to uplift growth of the global water meter market. Also, rising awareness regarding water conservation and prevention is expected to positively impact growth of the market.

North America is expected to hold a dominant position in the global water meter market due to the high demand for water meters in the region. Moreover, there is an increase in the need for new and advanced meters in order to improve efficiency and integrate state-of-the-art technologies.

In October 2017, Diehl Stiftung & Co. KG entered into a strategic cooperation agreement with Abunayyan Holding for ultrasonic water meter technology

In April 2019, Badger Meter Inc. entered into a contract with the Municipal Corporation of Colorado City to provide smart water technology

Water meters are devices that are used to monitor water usage. Water meters simply measure the amount of water utilized by commercial and residential building units that are supplied by a public water source. They are also utilized to analyze the water level in underground water resources for any damage, contamination, or issues that may arise as a result of water usage. Many different types of water meters exist and there are some more technologically advanced water meters that utilize sensors to gauge the pressure and flow of water. A mechanical meter is generally one of the most economical and reliable meters on the market. Water meters constructed of stainless steel are among the most popular varieties. Mechanical meters are easy to maintain and keep in top working condition. Some of these meters include flow rates and temperature alarms as well.


Location: India

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