The global flow meter and counting devices manufacturing market is expected to reach $63.0 billion by 2022 from $51.0 billion in 2017 at a compound annual growth rate (CAGR) of 4.3% from 2017 to 2022.

Global Totalizing Fluid Meter And Counting Device market size is expected to reach $37.83 billion by 2029 at 5%, flow meter and counting device manufacturers thrive on demand from automotive industry

In value terms, instruments, apparatus for measuring, checking electrical quantity imports stood at $20B in 2016. The total import value increased at an average annual rate of +1.1% over the period fr...

AMI Smart Water Meter Market Outlook

The global AMI Smart Water Meter market size is projected to grow from USD 3.5 billion in 2023 to USD 7.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.5% during the forecast period. Key growth factors driving the market include increasing water scarcity, the need for efficient water management, and the rising adoption of smart technologies in utility management. The integration of advanced metering infrastructure (AMI) with IoT and smart grids is also fueling market growth, providing accurate, continuous data to consumers and utility providers.

One of the primary growth factors for the AMI Smart Water Meter market is the escalating global water scarcity, which has necessitated the adoption of efficient water management systems. Governments worldwide are implementing stringent regulations to monitor water usage and reduce wastage. AMI smart water meters provide real-time data, making it easier to identify leaks, reduce wastage, and optimize water consumption. This technological advancement is paramount in addressing the challenges associated with water conservation, thereby driving market growth.

Another significant growth factor is the rapid urbanization and industrialization in emerging economies. As cities expand, the demand for efficient water supply systems increases. AMI smart water meters are becoming indispensable in modern infrastructure, enabling precise billing, enhancing customer service, and reducing operational costs for water utilities. The push for smart city initiatives further propels the adoption of these meters, fostering urban development that is both sustainable and efficient.

Technological advancements and the integration of IoT in water management systems are also crucial growth drivers. The seamless connectivity offered by AMI systems allows for continuous monitoring and management of water resources. IoT-enabled smart water meters provide granular data on consumption patterns, helping utilities and consumers make informed decisions. The trend towards digital transformation in utility management is anticipated to significantly boost the AMI Smart Water Meter market over the forecast period.

The implementation of a Water Meter is crucial in addressing the challenges of water scarcity and management. By providing precise measurements of water usage, these meters empower both consumers and utility providers to manage consumption more effectively. This is particularly important in regions facing severe water shortages, where every drop counts. Water meters not only help in detecting leaks and preventing wastage but also play a vital role in promoting water conservation practices among users. The data collected from these meters can be analyzed to optimize water distribution and ensure equitable access, thereby supporting sustainable water management strategies.

Regionally, North America and Europe are expected to lead the market due to the early adoption of smart technologies and stringent regulatory frameworks. However, the Asia Pacific region is anticipated to witness the highest growth rate, driven by increasing investments in smart grid infrastructure and rapid urbanization. The Middle East & Africa and Latin America are also projected to show substantial growth, supported by government initiatives and investments in water management infrastructure.

Product Type Analysis

The AMI Smart Water Meter market by product type can be segmented into Residential, Commercial, and Industrial. The residential segment holds a significant market share due to the increasing need for accurate water billing and efficient water usage in households. Residential AMI smart water meters offer features such as leak detection, automated meter reading, and remote monitoring, which enhance consumer convenience and promote water conservation. As urban areas expand, the demand for residential smart meters is expected to rise, further driving market growth.

The commercial segment is also witnessing robust growth owing to the high water consumption in commercial establishments such as hotels, shopping malls, and office buildings. Commercial AMI smart water meters provide detailed usage data, helping businesses manage their water consumption effectively and reduce operational costs. The ability to detect anomalies and leaks promptly ensures that water expenses are kept in check. The emphasis on sustainability and green building certifications further boosts

Mechanical Water Meter Market Outlook

The global mechanical water meter market size was valued at approximately USD 2.1 billion in 2023 and is projected to reach around USD 3.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period. The increasing demand for efficient water management systems, driven by the growing global population and heightened awareness of water conservation, serves as a significant growth factor for this market.

One of the primary growth factors for the mechanical water meter market is the rising need for accurate water usage monitoring. Governments and utility companies are increasingly implementing stringent water management policies, which necessitate the adoption of advanced water metering technologies. Mechanical water meters, known for their reliability and durability, are pivotal in this scenario. Moreover, the growing emphasis on reducing water wastage and optimizing water distribution systems further fuels the demand for these meters. Technological advancements have also led to the development of more efficient and precise mechanical water meters, thereby driving market growth.

Another crucial factor contributing to the market's expansion is the ongoing urbanization and industrialization across various regions. As urban areas continue to expand, the necessity for robust water infrastructure becomes more significant. Mechanical water meters play an essential role in ensuring efficient water distribution and management in urban settings. Furthermore, the industrial sector's increasing reliance on precise water usage data for process optimization and regulatory compliance bolsters the demand for mechanical water meters. This trend is particularly prominent in industries such as manufacturing, food and beverage, and pharmaceuticals, where accurate water measurement is critical.

The adoption of smart metering solutions is also influencing the growth of the mechanical water meter market. While digital and smart meters are gaining traction, mechanical water meters remain relevant due to their cost-effectiveness and reliability in various applications. The integration of mechanical meters with smart monitoring systems enables real-time data collection and analysis, enhancing their utility in modern water management frameworks. This hybrid approach allows for a gradual transition towards more advanced metering systems while leveraging the existing mechanical meter infrastructure, thereby supporting market growth.

Regionally, the Asia Pacific region is expected to exhibit substantial growth in the mechanical water meter market. Rapid urbanization in countries such as China and India is driving the demand for efficient water management systems. Additionally, government initiatives aimed at improving water infrastructure and increasing investments in smart city projects contribute to the market's positive outlook in this region. North America and Europe also represent significant markets, driven by the need for upgrading aging water infrastructure and the implementation of stringent water management regulations.

Product Type Analysis

The mechanical water meter market can be segmented based on product type into Positive Displacement, Velocity, Multi-Jet, Electromagnetic, and Others. Positive displacement meters are widely used due to their high accuracy and reliability in measuring water flow. These meters operate by trapping a fixed amount of fluid and counting the number of times the volume is filled to measure the flow rate. They are particularly effective in residential and commercial applications where precise water usage measurement is critical. The robust construction and long lifespan of positive displacement meters make them a popular choice among end-users.

Velocity meters, which include turbine, single-jet, and compound meters, are another significant segment in the mechanical water meter market. These meters measure the velocity of water flowing through the meter and calculate the flow rate. Velocity meters are known for their ability to handle high flow rates and are commonly used in industrial applications. The ongoing advancements in velocity meter technology, such as the development of hybrid meters, are enhancing their performance and expanding their application scope. These meters are also increasingly being integrated with digital systems to provide more accurate and real-time data.

United States US: Annual Freshwater Withdrawals: Total: Billion Cubic Meters data was reported at 418.700 Cub m bn in 2010. This records a decrease from the previous number of 478.600 Cub m bn for 2005. United States US: Annual Freshwater Withdrawals: Total: Billion Cubic Meters data is updated yearly, averaging 473.500 Cub m bn from Dec 1980 (Median) to 2010, with 5 observations. The data reached an all-time high of 517.600 Cub m bn in 1980 and a record low of 418.700 Cub m bn in 2010. United States US: Annual Freshwater Withdrawals: Total: Billion Cubic Meters data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Energy Production and Consumption. Annual freshwater withdrawals refer to total water withdrawals, not counting evaporation losses from storage basins. Withdrawals also include water from desalination plants in countries where they are a significant source. Withdrawals can exceed 100 percent of total renewable resources where extraction from nonrenewable aquifers or desalination plants is considerable or where there is significant water reuse. Withdrawals for agriculture and industry are total withdrawals for irrigation and livestock production and for direct industrial use (including withdrawals for cooling thermoelectric plants). Withdrawals for domestic uses include drinking water, municipal use or supply, and use for public services, commercial establishments, and homes. Data are for the most recent year available for 1987-2002.; ; Food and Agriculture Organization, AQUASTAT data.; Sum;

Industrial Three Phase Gas Smart Meter Market Outlook

The global market size for Industrial Three Phase Gas Smart Meters was valued at approximately $1.3 billion in 2023 and is projected to reach around $2.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.1% during the forecast period. The market's growth is driven by increasing industrial automation, rising demand for efficient energy management, and the growing adoption of smart grid technologies.

One of the primary growth factors in the Industrial Three Phase Gas Smart Meter market is the increasing need for energy efficiency and the reduction of energy wastage. As industries strive to become more sustainable, the adoption of smart meters helps in accurately monitoring gas usage, thereby enabling better energy management and reduced operational costs. Additionally, government regulations and policies aimed at promoting energy conservation are further accelerating the adoption of smart meters in industrial settings.

Another significant factor contributing to market growth is the advancements in technology. The integration of Internet of Things (IoT) and Artificial Intelligence (AI) into gas smart meters enables real-time monitoring and predictive maintenance, which enhances operational efficiency and reduces downtime. These technological advancements are making smart meters more reliable and efficient, thus driving their adoption across various industrial sectors.

Moreover, the rising investments in smart grid infrastructure are playing a crucial role in driving the market. Governments and utility companies worldwide are investing heavily in the modernization of grid infrastructure, which includes the deployment of smart meters. This trend is particularly prominent in developed regions such as North America and Europe, where there is a significant focus on upgrading aging infrastructure and improving energy distribution networks.

From a regional perspective, Asia Pacific is expected to witness substantial growth during the forecast period. The rapid industrialization and urbanization in countries like China, India, and Japan are leading to increased energy consumption, thereby boosting the demand for smart meters. Additionally, favorable government initiatives and policies aimed at promoting smart grid technologies are further supporting market growth in this region.

Product Type Analysis

The Industrial Three Phase Gas Smart Meter market is segmented by product type into Diaphragm, Ultrasonic, Turbine, Rotary, and Others. Diaphragm meters are among the most widely used types due to their simplicity and reliability. These meters operate by counting the number of times a diaphragm moves, and they are known for their accuracy and cost-effectiveness. However, they are generally used in lower gas flow applications and may not be suitable for high-demand industrial operations.

Ultrasonic meters, on the other hand, are gaining significant traction in the market due to their high accuracy and ability to handle large volumes of gas flow. These meters use ultrasonic waves to measure the velocity of gas passing through the meter, which is then used to calculate the flow rate. Ultrasonic meters are highly efficient and offer real-time monitoring capabilities, making them ideal for modern industrial applications.

Turbine meters are another important segment within this market. These meters measure gas flow using a rotor that spins as gas passes through it. The speed of the rotor is proportional to the flow rate, making turbine meters suitable for a wide range of industrial applications. They are particularly favored in industries where high accuracy and reliability are crucial, such as in the oil and gas sector.

Rotary meters are also widely used in industrial settings. These meters operate by rotating a series of gears as gas flows through the meter. Rotary meters are known for their robustness and ability to handle high-pressure applications. They are often used in situations where other types of meters may not be suitable due to their ability to maintain accuracy under varying pressure conditions.

The "Others" category includes newer and less common types of gas meters, such as Coriolis and thermal mass meters. These meters offer unique advantages and are used in specialized applications. For example, Coriolis meters measure gas flow based on mass rather than volume, providing highly accurate measurements even in challenging conditions. Although these meters cur

Industrial Flow Meters Market Outlook

The global industrial flow meters market size is projected to grow from USD 7.5 billion in 2023 to USD 12.8 billion by 2032, at a compound annual growth rate (CAGR) of 6.2%. The growth in this market is driven by the increasing demand for precise flow measurement across various industries, advancements in technology, and the need for efficient resource management. Flow meters are essential instruments used in diverse sectors to measure the flow rate of liquids, gases, and steam. Their growing application in water and wastewater management, oil and gas, and chemical processing significantly contributes to the market's expansion.

A major growth factor fueling the industrial flow meters market is the rising emphasis on process optimization and efficiency. Industries such as oil and gas, chemicals, and water treatment are increasingly focusing on reducing costs and improving productivity. Accurate flow measurement is critical in these sectors to ensure resource efficiency and operational reliability. Moreover, stringent regulatory requirements for emissions and environmental compliance are pushing industries to adopt advanced flow measurement technologies, further driving market growth.

Technological advancements are also playing a crucial role in the growth of the industrial flow meters market. Innovations such as smart flow meters equipped with IoT and digital communication capabilities are gaining traction. These advanced meters offer real-time monitoring, remote diagnostics, and predictive maintenance, enhancing operational efficiency and reducing downtime. The integration of artificial intelligence and machine learning in flow measurement systems is expected to provide new opportunities for market players, enabling more precise and reliable measurements.

Another significant factor contributing to the market's growth is the increasing demand for water and wastewater management solutions. With the growing global population and rapid urbanization, the need for efficient water management systems has become paramount. Flow meters are crucial in monitoring water usage, detecting leaks, and managing wastewater. Governments and municipalities worldwide are investing heavily in water infrastructure projects, further boosting the demand for flow meters in this sector.

Regionally, the Asia Pacific region is expected to dominate the industrial flow meters market during the forecast period, driven by rapid industrialization, urbanization, and infrastructural development. Countries such as China, India, and Japan are witnessing significant investments in sectors like oil and gas, chemicals, and water management. North America and Europe are also key markets, with the presence of established industries and stringent regulatory frameworks supporting market growth. The Middle East & Africa and Latin America, though relatively smaller markets, are projected to experience steady growth due to increasing industrial activities and infrastructure development.

Product Type Analysis

Differential pressure flow meters are among the oldest and most widely used types of flow meters. They operate based on the principle of measuring the pressure drop across a restriction in a flow path. These flow meters are highly reliable and offer accurate measurements, making them suitable for various applications in industries such as oil and gas, chemicals, and power generation. The demand for differential pressure flow meters is expected to remain strong due to their robustness and versatility.

Positive displacement flow meters measure flow by dividing the fluid into fixed, metered volumes and counting them. These meters are known for their high accuracy and are typically used in applications where precise measurement of viscous fluids is required. Industries such as food and beverages, pharmaceuticals, and chemicals extensively use positive displacement flow meters for dosing and blending operations. The growing demand for high-precision applications is likely to drive the growth of this segment.

Magnetic flow meters, also known as mag meters, use electromagnetic induction to measure the flow rate of conductive liquids. They are widely used in water and wastewater management, chemical processing, and mining industries. Magnetic flow meters are highly accurate, provide a wide range of measurements, and have no moving parts, resulting in low maintenance. The increasing focus on water conservation and efficient resource management is expected to boost the demand for magnetic flow meters.

Residential Used Water Meters Market Outlook

The global residential used water meters market size was valued at approximately USD 2.5 billion in 2023 and is projected to reach USD 4.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.9% during the forecast period. A significant growth factor driving this market is the increasing focus on water conservation and efficient water management across residential sectors worldwide. As natural resources become scarcer and urban populations continue to rise, utilities and homeowners are investing in precise measurement tools to manage water usage more effectively. The surge in smart city projects and the integration of IoT technologies in water metering are also propelling market growth.

One of the primary growth factors for the residential used water meters market is the global emphasis on sustainable water management. With growing concerns over water scarcity and the environmental impacts of overconsumption, governments and regulatory bodies worldwide are implementing strict policies to monitor and control water usage. This has led to a surge in demand for water meters, particularly those that can provide accurate data and analytics. Furthermore, advancements in technology have led to the development of smart water meters that not only measure consumption but also provide real-time data analytics, helping users manage their water usage more efficiently. This technological evolution is a significant driver for market expansion.

Another factor contributing to the market's growth is the increasing urbanization and the rise in residential construction activities. As cities expand and new housing projects are undertaken, the need for efficient water distribution systems becomes critical. Water meters play a vital role in this infrastructure, ensuring that consumption is accurately monitored and billed. Additionally, the increased awareness among homeowners about the benefits of water conservation has led to a rise in demand for individual water meters in single-family homes and apartment complexes. This awareness is further bolstered by the economic incentives offered by some utilities to households that adopt water-saving technologies, thereby accelerating market growth.

The rapid development of smart cities globally is also a significant growth catalyst for the residential used water meters market. Smart cities are characterized by their use of technology to improve the efficiency of urban services, including water management. This involves the deployment of smart water meters that can communicate with centralized systems to provide real-time data on water usage. Such systems can detect leaks, provide alerts, and enable dynamic pricing models that incentivize conservation. The integration of these advanced metering infrastructures is expected to boost the demand for smart water meters significantly over the forecast period.

From a regional perspective, the Asia Pacific region is expected to witness the highest growth in the residential used water meters market. This can be attributed to the rapid urbanization and industrialization in countries like China and India, where there is a substantial push towards the adoption of smart infrastructure. The North American and European markets are also poised for growth, driven by stringent regulations on water use and the need for infrastructure upgrades. These regions already have a high penetration of water metering systems, but the shift towards smart meters is likely to drive future demand. The Middle East & Africa and Latin America, while currently smaller markets, are anticipated to grow steadily due to increasing investments in urban infrastructure and water conservation initiatives.

Product Type Analysis

The residential used water meters market can be segmented into mechanical water meters and smart water meters. Mechanical water meters have been the traditional choice for many years due to their simplicity and durability. These devices operate using a basic mechanical mechanism that counts the volume of water flowing through a pipe. Despite being an older technology, mechanical water meters remain popular in regions with budget constraints or where technology infrastructure is less developed. However, they are limited by their inability to provide detailed consumption data or integrate with advanced data systems, which constrains their future growth potential.

On the other hand, smart water meters represent a significant advancement in water metering technology. These meters are equipped with the ability to measure consumption electronically and o

Automatic Oil Meters Market Outlook

The global automatic oil meters market size is projected to expand from an estimated $2.5 billion in 2023 to $4.8 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period. This robust growth is driven by increasing demand for efficient oil measurement and management solutions across various industries, including oil & gas, chemical, and food & beverage.

One of the primary growth factors for the automatic oil meters market is the rising demand for precision in oil measurement and monitoring. Industries such as oil & gas and chemical require accurate and reliable meters to ensure efficient operations, minimize losses, and maintain compliance with regulatory standards. The need for automation in these processes to enhance productivity and reduce human error is further propelling the adoption of automatic oil meters. Additionally, advancements in technology, such as the integration of Internet of Things (IoT) and machine learning, are enabling smarter and more efficient oil metering solutions, further driving market growth.

Furthermore, the increasing focus on energy conservation and sustainability is also contributing to the market's expansion. With growing environmental concerns and stringent regulations related to energy efficiency, industries are increasingly adopting advanced oil meters that provide real-time data on oil consumption and help in optimizing energy usage. The ability of these meters to provide actionable insights for enhancing operational efficiency is a significant factor fueling their demand. Moreover, the proliferation of smart grid technologies and the trend towards digitalization in the industrial sector are creating new opportunities for the automatic oil meters market.

The rise in global oil consumption is another crucial factor bolstering the market growth. As the demand for oil continues to surge, the need for precise measurement and effective management of oil resources becomes paramount. This is particularly true in emerging economies where industrialization and urbanization are driving up oil usage. Automatic oil meters play a vital role in ensuring the accurate measurement and monitoring of oil flow, thereby facilitating better resource management and reducing wastage. This, in turn, is propelling the demand for these meters across various industries.

From a regional perspective, Asia Pacific is expected to witness the highest growth rate during the forecast period, driven by rapid industrialization, increasing energy consumption, and significant investments in oil & gas infrastructure. North America and Europe also hold substantial shares in the market due to the presence of well-established industries and the early adoption of advanced technologies. The Middle East & Africa region is also anticipated to exhibit considerable growth, largely due to its extensive oil & gas production activities and the need for efficient oil management solutions.

Product Type Analysis

The product type segment of the automatic oil meters market includes Positive Displacement Meters, Turbine Meters, Ultrasonic Meters, Coriolis Meters, and Others. Positive Displacement (PD) meters are widely used across various industries due to their high accuracy and reliability in measuring the flow of viscous fluids like oil. These meters are particularly popular in the oil & gas sector where precision is critical. PD meters operate by trapping a fixed volume of fluid and counting the number of times the volume is filled to measure flow, making them ideal for applications requiring continuous and accurate flow measurement.

Turbine meters, another significant product type, are valued for their simplicity and ability to handle large flow rates with minimal pressure drop. These meters use the mechanical energy of the fluid to rotate a rotor, and the rotational speed is proportional to the flow rate. Turbine meters are commonly used in applications where fast response and high accuracy are needed, such as in the chemical and water & wastewater industries. Their robustness and reliability make them suitable for both industrial and commercial applications.

Ultrasonic meters, known for their non-invasive nature and high precision, are gaining traction in the market. These meters use ultrasonic waves to measure the velocity of the fluid, providing accurate flow measurements without any moving parts. Ultrasonic meters are ideal for applications where maintenance needs to be minimized, and they are increasingly being adopted

Monaco led the ranking for countries with the highest population density in 2024, with nearly 26,000 residents per square kilometer. The Special Administrative Region of Macao came in second, followed by Singapore. The world’s second smallest country Monaco is the world’s second-smallest country, with an area of about two square kilometers and a population of only around 40,000. It is a constitutional monarchy located by the Mediterranean Sea, and while Monaco is not part of the European Union, it does participate in some EU policies. The country is perhaps most famous for the Monte Carlo casino and for hosting the Monaco Grand Prix, the world's most prestigious Formula One race. The global population Globally, the population density per square kilometer is about 60 inhabitants, and Asia is the most densely populated region in the world. The global population is increasing rapidly, so population density is only expected to increase. In 1950, for example, the global population stood at about 2.54 billion people, and it reached over eight billion during 2023.

Volumetric Flow Meters Market Outlook

The global volumetric flow meters market size was valued at USD 6.8 billion in 2023 and is projected to reach USD 12.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period. The growth of this market is driven by increasing demand for accurate flow measurement in various industries like oil & gas, water & wastewater, and pharmaceuticals, coupled with technological advancements that enhance the performance and accuracy of these devices.

One of the main growth factors for the volumetric flow meters market is the increasing need for precise measurement and control in industrial processes. As industries such as oil & gas and chemicals demand higher accuracy to optimize their operations and reduce wastage, the adoption of advanced flow metering technologies is getting a significant boost. Furthermore, the rise in industrial automation has necessitated the use of sophisticated flow measurement instruments, fueling the market's expansion.

Another crucial driver is the growing emphasis on water and wastewater management across the globe. Governments and private bodies are investing heavily in infrastructure development for effective water management systems. Volumetric flow meters are essential components in these systems, ensuring accurate monitoring and efficient operation, thereby contributing substantially to market growth. Additionally, stringent environmental regulations mandating precise effluent and discharge monitoring are further propelling the demand for advanced flow metering solutions.

The food & beverages and pharmaceutical sectors are also significant contributors to the marketÂ’s growth. In these industries, precise flow measurement is critical for ensuring product quality and safety. The increasing consumer demand for high-quality products has led to stringent production standards, further driving the need for accurate flow measurement. Technological advancements, such as the development of ultrasonic and electromagnetic flow meters, which offer higher precision and reliability, are expected to continue boosting market growth.

Regionally, the Asia-Pacific region is expected to witness the highest growth during the forecast period. This growth is attributed to the rapid industrialization and urbanization in countries like China and India, coupled with significant investments in water infrastructure and energy projects. North America and Europe are also significant markets due to their established industrial base and stringent environmental regulations. Meanwhile, the Middle East & Africa and Latin America regions offer substantial growth opportunities due to ongoing infrastructure development and increasing industrial activities.

Vortex Flow Meters are gaining traction in the market due to their versatility and robustness in handling a wide range of fluid types, including gases, liquids, and steam. These meters operate on the principle of vortex shedding, where an obstruction in the flow path creates vortices that are detected and measured to determine the flow rate. Their ability to provide accurate measurements without moving parts makes them a preferred choice in industries such as oil & gas, chemical processing, and HVAC systems. The increasing focus on energy efficiency and process optimization is further driving the demand for vortex flow meters, as they offer reliable performance in challenging environments.

Product Type Analysis

The volumetric flow meters market can be segmented by product type into Positive Displacement Flow Meters, Turbine Flow Meters, Ultrasonic Flow Meters, Electromagnetic Flow Meters, and Others. Positive displacement flow meters are among the most commonly used types due to their high accuracy and reliability in applications requiring precise volume measurement. These meters measure the flow by trapping a fixed volume of fluid and counting the number of times the volume is filled, making them ideal for various industrial applications.

Turbine flow meters are another significant segment, known for their accuracy and reliability in measuring the flow rate of low-viscosity fluids. These meters operate by using the fluid flow to rotate a turbine, with the rotational speed proportional to the flow rate. Turbine flow meters are widely used in the oil & gas and chemical industries, where accurate flow measurement is crucial for process efficiency and

Water withdrawals per capita in Turkmenistan amount to 2,740 cubic meters per inhabitant, according to the latest available data from 2021. This is a far higher volume than in many other countries, such as China, where per capita water withdrawals were 398.7 cubic meters as of 2021. Global water withdrawals Countries around the world withdraw huge volumes of water each year from sources such as rivers, lakes, reservoirs, and groundwater. China has some of the largest annual total water withdrawals across the globe, at 581.3 billion cubic meters per year. In comparison, Mexico withdrew almost 90 billion cubic meters of water in 2021. Water scarcity Although roughly 70 percent of Earth's surface is covered with water, less than one percent of the planet's total water resources can be classified as accessible freshwater resources. Growing populations, increased demand, and climate change are increasingly putting pressure on these precious resources. This is expected to lead to global water shortages around the world. In the United States, the megadrought in the west has seen water levels of major reservoirs that provide water to millions of people plummet to record lows. In order to prevent severe droughts in water-stressed areas today and in the future, a more efficient use of water is essential.

Iceland has the largest renewable freshwater resources per capita worldwide, at an estimated 444 thousand cubic meters per inhabitant as of 2023 – based on the long-term annual average. While water resources are abundant in Iceland, the population in the Nordic country amounts to less than 400,000 inhabitants.

Most of the building stock worldwide is projected to be added in emerging and developing economies by 2030. In 2022, the floor area in these countries was estimated at *** billion square meters. By 2030, it is projected to rise to nearly *** billion square meters. In advanced economies, the aggregate floor space is projected to grow from ** billion square meters to ** billion square meters during the same period.