A water meter is a device that is used to measure the volume of water used by residential and commercial building that are supplied with water by a public water supply system. They can also be used at a well, water source or water system to determine the flow of water via a specific portion of the system. Some water meters measure water in gallons while others measure in cubic feet. According to the Water Meter Industry research report, the Global Water Meter Market is Projected to grow at 7.8% CAGR during the period 2018-2023. Global water meter industry is dispersed. China occupied a dominant position for water meter, accounting for about 45.85% in 2015, followed by EU, with the production market share of 25.32%.