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Stock impact report

2024 Research Report: Water Meter Market Set for Significant Growth, Reaching $26.46 Billion by 2033, Driven by Smart City Initiatives, Rapid Urbanization, Robust Investments in Water Infr...

Badger Meter, Inc. (BMI) 
Last badger meter, inc. earnings: 4/16 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Dublin, Jan. 03, 2025 (GLOBE NEWSWIRE) -- The "Water Meter Market Opportunities and Strategies to 2033" report has been added to ResearchAndMarkets.com's offering. The water meter industry has witnessed substantial growth, achieving a market value of nearly $14.04 billion as of 2023. With a consistent compound annual growth rate (CAGR) since 2018, the market is predicted to further expand to $18.97 billion by 2028, and subsequently to $26.46 billion by 2033. This growth trajectory is fueled by progressive factors such as smart city initiatives, rapid urbanization, robust investments in water infrastructure, and the rise in industrial activities. Nevertheless, the costs associated with the installation and maintenance of smart meters have posed challenges to market growth. Segmentation Trends The market segmentation highlights two prominent product types: mechanical and smart water meters. Mechanical water meters currently dominate the industry with a 73.3% market share in 2023. Show less Read more
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