Global Smart Water Metering Market is valued approximately at USD 5.35 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 10.30% over the forecast period 2021-2027. Smart meters signify a transformative technology for the utility industry and its consumers. These technologically innovative meters allow superior insight into the usage of energy and, in the case of smart electric meters, give improved control of the electrical grid. On the other hand, smart water meters are primarily aimed to track accurately and monitor water usage in industries, homes, and other avenues. Increasing water scarcity issues worldwide and rising development of the smart city infrastructure are the few factors responsible for high CAGR of the market over the forecast period. For instance, according to the United Nations Department of Economic and Social Affairs (UNDESA), around 700 million people in 43 countries suffer from water scarcity. By 2025, 1.8 billion people will be living in countries or regions with absolute water scarcity, and two-thirds of the world’s population could be living under water stressed conditions. Thus, the water scarcity issues isare on surging trend across the globe thereby, the consumers are adopting smart water metering to avoid water losses and leakages through which the market is growing at significant rate. Moreover, replacement of aging infrastructure aided with digitalization of the water industry operations is the major factor likely to offer lucrative growth opportunity to the market in the upcoming years. However, high installation cost, limited initiatives of government and lack of awareness & acceptance are few factors anticipated to hampering the growth of global Smart Water Metering market during the forecast period.
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Industry projections, simple insights, comparable facts, market size and amount, and subjective market studies are included within the Smart Water Metering research-tested. The report moreover gives records on the globe and international industries’ registers and audits. The market moreover inspects retail earning, the market in line with cent, production competencies, and all through this way the ex-production plant rate of all first-rate companies in the international market from a commercial enterprise organization element of view. The market period for the exam time body is about and given as a prolonged way as profits, while market factors, as an instance, drivers and restraints. The components inside the worldwide market, include advent restriction, request, object enhancements, sales, and offers with the forecast for the year 2021-2027.
Key Players Covered in Smart Water Metering market report are:
Badger Meter
Kamstrup
Diehl
Landis+Gyr
Aclara Technologies
Sensus
Itron
Datamatic
Elster Group
Arad Group
Market Segmentation
The duration and amount of the market at the kingdom and urban stages are covered within the examination record. The research examinations verifiable information however potential talents to result in a market projection within the forecast length 2022 to 2028.
The Smart Water Metering inspects division, market size, market traits, and a logical assessment of states, considerately concerning the market’s essential vendors. Additionally, the record makes use of an incredible exam method to show present-day and destiny corporation headways thru the employment of a group of key market factors.
Smart Water Metering Market Segmentation:
By Meter Type:
Electromagnetic
Ultrasonic
Mechanical
By Technology:
Advanced Metering Infrastructure (AMI)
Automatic meter reading (AMR)
By Component:
Meter & Accessories
IT Solutions
Communications
By Application:
Water Utilities
Industries
Regional Developments:
The Smart Water Metering market techniques are trailed through a centred evaluation of the economic situation and current sports. Upstream conditions request development, corporation branch, industrial employer surroundings, and charge and price structure are analyzed. This pay attention moreover takes an examination of the variables that brief up the improvement and corporation groups over the forecast duration from 2021-2027. Market expectations for a collection of companies moreover are taken into consideration inside the assessment. Essentially, the Smart Water Metering research takes observe includes created areas like Europe, Asia Pacific, South America, North America, the centre East, and Africa.
Regional Analysis Covered in this report:
- North America [United States, Canada]
- Europe [Germany, France, U.K., Italy, Russia]
- Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
- Latin America [Mexico, Brazil, Argentina]
- Middle East & Africa [Turkey, Saudi Arabia, UAE]
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Competitive Scenario
The Smart Water Metering intention file dives into the enterprise’s large drivers and patterns, furthermore as its requirements and relevant individuals, enterprise profiles, and typically talking methodologies in the local and worldwide market. Information on the worldwide and local economies, but as an evaluation of all components of the planet and local economies, is included inside the market document.
The Smart Water Metering research record likewise exams out the huge installed conveyance agency, development, and specialised improvements. This evaluation analyzes the market characteristic and possibilities of territorial and normal expert co-ops as an extended way to give up-use markets, traits, and product commands. The examination inspects each of the home and global markets over the forecast period 2021-2027
Table of Content – Major Key Points
Executive Summary, Market Snapshot, Key Trends, Estimation Methodology, Research Assumption
Global Market Definition and Scope, Currency Conversion Rates
Global Competitor Landscape by Players
Global Market Dynamics, Drivers, Challenges, Opportunities
Global Market Industry Analysis, Porter’s 5 Force Model, PEST Analysis, Investment Adoption Model
Global Market Analysis, by Type, by Application, by region
Competitive Intelligence, Top Market Strategies, Company Profiles
Research Process, Attributes & Assumption
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