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|Current State of the Industry|
|Market Size (industry trends)|
|Market Forecast (5-year projection)|
|Revenue per State|
|Salary & Compensation Statistics|
|Public Company Information|
|Key Private Companies|
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2020 U.S. Industry Statistics & Market Research - Totalizing Fluid Meter & Counting Device Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Totalizing Fluid Meter & Counting Device Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
|Statistics||2014 2015 2016 2017 2018 2019|
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|Average Revenue Per Firm|
|Average Employees Per Firm|
|Average Revenue Per Employee|
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook||2020||2021||2022||2023||2024||2025|
|Market Forecast ($ millions)|
|Projected Industry Growth Rate (%)|
Product & Services BreakdownResearch products and services in the Totalizing Fluid Meter & Counting Device Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.
|Product Description||Sales ($ millions)||Percent of Total Sales|
Totalizing Fluid Meter And Counting Device Manufacturing
Integrating And Totalizing Meters For Gas And Liquids
Counting Devices (Excluding Motor Vehicle Instruments)
Total Miscellaneous Receipts
U.S. Geographic Distribution: Revenue Statistics by StateMarket Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Totalizing Fluid Meter & Counting Device Manufacturing Industry Price TrendsRise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Totalizing Fluid Meter & Counting Device Manufacturing companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.
Income Statement (Average Financial Metrics)Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.
|Industry Average||Percent of Sales|
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|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio AnalysisFinancial ratio information can be used to benchmark how a Totalizing Fluid Meter & Counting Device Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios||Industry Average|
|Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Totalizing Fluid Meter & Counting Device Manufacturing industry is performing.|
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
|Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
|Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Totalizing Fluid Meter & Counting Device Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.
|Liquidity Ratios||Industry Average|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
Measures a firm's ability to pay its debts over the next 12 months.
|Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.
|Efficiency Ratios - Key Performance Indicators||Industry Average|
|Measure how quickly products and services sell, and effectively collections policies are implemented.|
|Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
|Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.
Compensation & Salary Surveys for EmployeesCompensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
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|General and Operations Managers||2%|
|Business and Financial Operations Occupations||9%|
|Business Operations Specialists||6%|
|Computer and Mathematical Occupations||11%|
|Software Developers and Programmers||7%|
|Architecture and Engineering Occupations||22%|
|Electrical and Electronics Engineers||5%|
|Drafters, Engineering Technicians, and Mapping Technicians||5%|
|Office and Administrative Support Occupations||10%|
|Assemblers and Fabricators||17%|
|Electrical, Electronics, and Electromechanical Assemblers||11%|
|Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers||11%|
|Miscellaneous Assemblers and Fabricators||5%|
|Assemblers and Fabricators, All Other, Including Team Assemblers||5%|
|Metal Workers and Plastic Workers||5%|
Totalizing Fluid Meter & Counting Device Manufacturing Competitor Landscape & Key Companies [PREMIUM]The most influential companies in the Totalizing Fluid Meter & Counting Device Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Totalizing Fluid Meter & Counting Device Manufacturing industry and adjacent sectors:
Companies with the largest market share, focused in this industry
|Market leaders: |
Largest companies that have diversified operations in this and other industries
Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators and Disruptors in adjacent industries that may also affect the Totalizing Fluid Meter & Counting Device Manufacturing industry.
The Company faces competition for both its municipal water and flow instrumentation product lines. The competition varies from moderate to strong depending upon the products involved and the markets served. Major competitors for municipal water meters include Xylem, Inc. (“Sensus”), Roper Technologies, Inc. and Mueller Water Products, Inc. Together with Badger Meter, it is estimated that these companies sell in excess of 90% of the water meters in the North American market, which has historically been somewhat insulated from penetration by other competitors due to the nature of the mechanical technology used. As static metering technology continues to gain traction in the North American market, additional competitors include firms such as Kamstrup A/S, Diehl Metering GmbH and Itron, Inc., although these competitors lack brand recognition and product breadth and do not have extensive water utility channel distribution to effectively reach the more than 50,000 water utilities in the United States, which impedes their ability to compete. In addition, as previously noted, the technology acceptance overall also provides competitive opportunities for Badger Meter outside North America. 4 The Company's primary competitors for municipal water radio products in North America are Itron, Inc., Hubbel, Inc. (Aclara Technologies), Neptune and Sensus. The vast majority of the Company’s radio sales are of its own proprietary radio systems (ORION and GALAXY®); however, the Company may also resell other radio products as part of an overall smart meter solution (e.g. Aclara, Itron®). A number of the Company's competitors in certain markets have greater financial resources than the Company. The Company, however, believes it currently provides the leading technologies in water meters and water-dedicated radio solutions and analytics. As a result of significant research and development activities, the Company enjoys favorable patent positions and trade secret protections for several of its technologies, products and processes. There are many competitors in the flow instrumentation markets due to the various end markets and applications served. They include, among others, Emerson Electric Company, Krohne Messtechnik GmbH, Endress+Hauser AG, Yokogawa Electric Corporation and Cameron International. With a broad portfolio consisting of products utilizing eight of the ten major flow meter technologies, the Company is well positioned to compete in niche, specialized applications within these markets, primarily focused on the water/wastewater, HVAC, oil Badger Meter
Government ContractsIn 2020, the federal government spent a total of $4,271,643 on Totalizing Fluid Meter & Counting Device Manufacturing. It has awarded 124 contracts to 83 companies, with an average value of $51,466 per company.
|Most Recent Contracts||Date||Total Award Amount|
|LECO CORP |
3000 Lakeview Ave
Saint Joseph, MI
|Jun 10, 2020||$374,314|
|SHIMADZU SCIENTIFIC INSTRUMENT |
7102 Riverwood Dr
|Jun 09, 2020||$27,394|
|FONDRIEST ENVIRONMENTAL, INC |
2091 Exchange Ct
|Jun 08, 2020||$44,584|
|JAMAR TECHNOLOGIES, INC |
1500 Industry Rd Ste C
|May 12, 2020||$3,955|
|SAVAGE ASSOCIATES, INC |
784 Chimney Rock Rd Ste G
|Apr 23, 2020||$12,000|
|STILLWATER TECHNOLOGIES LLC |
31015 Ne 104th St
|Apr 06, 2020||$7,880|