This report on the global Smart Water Meter Market from Reports and Data provides a comprehensive analysis of the current and emerging market trends along with key industry developments to assist users, readers and investors in understanding market scenarios fully. The global smart water meter market size was USD 7.12 Billion in 2021 and is expected to register a revenue CAGR of 10.2% during the forecast period. The report offers in-depth information about market share, market revenue growth, market size, drivers, restraints, growth opportunities, limitations, top companies and market segmentation. A thorough primary and secondary research was conducted to formulate the report, and the data was verified by experts and experts in the field. Diagrams, graphs, tables, figures, and other pictorial presentations were used to present the data in a professional manner.
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Market Overview:
Growing awareness for controlling misuse of water and rising demand for measuring equipment in manufacturing, automobile, and construction sectors is expected to drive market revenue growth. Smart water meters can be considered a technical device for measuring water consumption for billing purposes. Also, use of water meters for billing natural gas, energy consumption, and water in industrial, commercial, and residential areas is rising in demand for it globally.
Over the past few years, the manufacturing and construction industry has steadily expanded in terms of revenue, and during the forecast period, 2022-2030, it is expected to grow at a robust rate. A number of factors have contributed to this, including rapid growth in the construction and building industries, rapid industrialization and urbanization across the globe, and technological advancements in manufacturing. Due to growing awareness of environmental impact and carbon emissions in recent years, green construction and energy efficient buildings have become increasingly popular. The global market is expected to grow during the forecast period due to factors such as a rapidly growing global population, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovations and reconstructions worldwide, and an increase in eco-friendly construction activities. Other factors expected to boost global market growth include rising disposable income, government schemes, and private investments to support manufacturing and construction industries.
Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, R&D investments, and joint ventures to gain robust footing in the market. Some of the major key companies operating in the global Smart Water Meter Market Report include
· Kamstrup
· Badger Meter Inc.
· Diehl Stiftung & Co. KG
· Landis+Gyr
· Itron Inc.
· Neptune Technology Group Inc.
· Aclara Technologies LLC.
· Sensus
· a Xylem brand
· BMETERS Srl
· ZENNER International GmbH & Co. KG.
· E.ON
· AMI solution provider
· Others
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Smart Water Meter Market Segmentation:
Meter Type Outlook:
· Ultrasonic Meter
· Electromagnetic Meter
· Mechanical Meter
Technology Outlook:
· AMI
· AMR
Component Outlook:
· IT Solutions
· Communications
· Meters & Accessories
Application Outlook:
· Water Utilities
· Industries
Regional Outlook:
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
· Latin America (Brazil, Rest of LATAM)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Smart Water Meter Market, Smart Water Meter
