Ultrasonic water meters are the type of water meters that are used to measure the water use with the help of ultrasonic transducers. Such water meters send ultrasonic waves through the fluid to determine the velocity of water. Rising awareness of the advantages of ultrasonic water meters over traditional water meters is driving the market for ultrasonic water meters.
The "Global Ultrasonic Water Meter Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the ultrasonic water meter market with detailed market segmentation by type, end-user, and geography. The report provides key statistics on the market status of the leading ultrasonic water meter market players and offers key trends and opportunities in the market.
- Based on type, the global ultrasonic water meter market is segmented into transmission, in-line, and clamp-on.
- On the basis of end-user, the market is segmented into oil and gas, power generation, water and wastewater, and others.
- Reduction in production cost of ultrasonic water meters is also one of the major driver for the growth of this market in coming years,
- Growing use of ultrasonic water meters in other applications such as gas measurement and others, will create new opportunities in the market.
- Broad range of available flow meters in the market can act as a restraining factor in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ultrasonic water meter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ultrasonic water meter market in these regions.
IMPACT OF COVID-19 ON ULTRASONIC WATER METER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the ultrasonic water meter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ultrasonic water meter market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ultrasonic water meter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Emerson Electric Co.
- FLEXIM GmbH
- Honeywell International (VersaFlow)
- Itron Inc.
- Master Meter, Inc.
- Spire Metering Technology
- Yokogawa Electric Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.