Press release
Smart Water Meter Market to Witness Robust Expansion by 2023
Smart water meter is a new type of water metering which uses modern micro electro technology, modern sensor technology, and smart IC card technology. It can not only measure water use, but can transfer water use data and settle trading.
The technical barriers of Smart water meter are low, and the Smart water meter market concentration degree is relatively lower. The manufacturing bases scatter around the world in terms of geography; some of the key players dominating this market are Arad Technologies, Kamstrup, Takahata Precison, Neptune Technology Group, SenTec, Badger Meter, Sensus, and others.
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Global Smart Water Meter Market: Forecast by Type / Application / Region
The market for Smart water meter will be majorly driven by civil construction. With the policy support in most countries, more and more real estate business use Smart water meter. With the improvement of people's awareness of energy saving and the industry level, Civil Building will gradually apply Smart water meter system. Smart water meter industry will usher in a huge growth space.
In the past few years, as the main raw material price was relatively stable, with the addition of a sharp increase in production capacity, expected that the Smart water meter cost will be stable in the short term. However, the improvement of energy, transportation costs, and employee wages, will play a significant role in promoting the cost of Smart water meter.
Over the next five years, LPI(LP Information) projects that Smart Water Meter will register a 2.8% CAGR in terms of revenue, reach US$ 2550 million by 2023, from US$ 2160 million in 2017.
Global Smart Water Meter Market: Key Players
Arad Technologies
Kamstrup
Takahata Precison
Neptune Technology Group
SenTec
Badger Meter
Sensus
Aquiba
Itron
Elster
Johnson Valves
Datamatic
Sanchuan
Suntront
Integrated Electronic Systems Lab
Chongqing Smart Water Meter
Ningbo Water Meter
Wasion Group
Shenzhen Huaxu
Hunan Changde Water Meter Manufacturing
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Related Information:
United States Smart Water Meter Market Research Report 2018
Europe Smart Water Meter Market Research Report 2018
North America Smart Water Meter Market Research Report 2018
Asia-Pacific Smart Water Meter Market Research Report 2018
China Smart Water Meter Market Research Report 2018
EMEA Smart Water Meter Market Research Report 2018
Global Smart Water Meter Market Research Report 2018
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