Global Smart Water Meter Market – Industry Analysis and Forecast (20192027) – by Meter Type, Technology, Application, and Region Global Smart Water Meter Market was valued at US$ 3.91Bn in 2019 and is expected to reach US$ 7.39Bn by 2027 at a CAGR of 7.33% during a forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
To know about the Research Methodology:-Request Free Sample Report This report provides a detailed analysis of the market segment based on Meter Type, Technology, Application, and region. This report also focuses on the top players in North America, Asia Pacific, Europe, Middle East & Africa, and South America.
Global Smart Water Meter Market Dynamics The Smart Water Meter market has strengthening global initiatives and growing measures that reduce Non-Revenue Water (NRW) for efficient resource utilization which drives the water metering market. Furthermore, stringent government regulations effectively monitor the water distribution network along with a precise assessment of the resource allocation which boosts the market growth. Development of infrastructure that provides proactive services and sleeks the water supply management which further stimulates the industry outlook. Additionally, ongoing technological advancement for the development of effective and precise metering technologies will drive the market. While fewer concerns pertaining to water scarcity and increasing water wastage will further restrain the industry landscape.
Segment Analysis of the Global Smart Water Meter Market In terms of meter type, One-way smart water meters are expected to drive the market during the forecast period. As it allows one-sided communication that allows the user to get the meter reading remotely with the help of drive-by and walk-by methods. Thus, One-way smart water meters are projected to grow at around 17% by 2024. However, AMR (automatic meter reading) system-based one-way smart water meters are older-technology products, and they are rapidly getting replaced by two-way smart water meters based on the AMI (advanced metering infrastructure) system. Based on technology, electromagnetic meter, and Ultrasonic meter segments are expected to expand at CAGRs of 14.54% and 15.02% respectively, during the forecast period. Water meter technology is changing rapidly and utility companies, as well as individuals, are giving penchant to ultrasonic and electromagnetic smart water meters. Furthermore, factors to boost the market are: its maintenance easy, smart water meters allow significant precision in meter reading due to their superior mechanism, and also meters are low at production cost, and they use the existing cellular networks efficiently for communication with the users.
Regional Insights of the Global Smart Water Meter Market Region-wise, the North American Smart Water Meter market accounted major share during the forecasting period. The leading share of the region is primarily attributed to the strong presence of well-established players across the region, especially in the prominent economy, i.e. the U.S. Moreover, U.S. Government is investing more in deploying innovative smart water meters in place of older
water meters across the country. Thus, North America is home to several wellestablished players that manufacture smart water meters, including Sensus USA Inc., Badger Meter, Inc., and Itron Inc. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global Smart Water Meter market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global Smart Water Meter market.
Scope of the Global Smart Water Meter Market: Inquire before buying Global Smart Water Meter Market, by Meter Type • One-way Meter • Two-way Meter
Global Smart Water Meter Market, by Technology • Ultrasonic Meter • Electromagnetic Meter • Mechanical Meter o Rotary Piston o Single-jet o Multi-jet o Combination o Nutating Disk o Woltman
Global Smart Water Meter Market, by Application • Residential • Commercial/Industrial
Global Smart Water Meter Market, by Region • North America • Europe • Asia Pacific • Middle East and Africa • South America
Key Players Operating in the Global Smart Water Meter Market • Kamstrup A/S • Diehl Stiftung & Co. KG • Badger Meter, Inc. • Itron Inc. • Sensus USA Inc. • Landis+Gyr • Honeywell International • Arad Group • Neptune Technologies • Elster Group GmbH • Aclara Technologies LLC • Apator • Siemens • Datamatic, Inc. • B METERS s.r.l. • Arqiva Ltd. Visit @: This Report Is Submitted By : Maximize Market Research Company About Us: Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Global Smart Water Meter Market
Global Smart Water Meter Market – Industry Analysis and Forecast (20192027) – by Meter Type, Technology, Application, and Region Global Smart Water Me...