Press release
Smart Water Meter Market 2019 Expectations and Growth Factors Highlighted to 2026 – by Siemens AG, Aclara Technologies, LC, B Meters, Badger Meters, Datamatic, Diehl Metering Group, Elster Group, Itron
the Global Smart Water Meter market is accounted for $2,315.69 million in 2017 and is expected to reach $7,354.0 million by 2026 growing at a CAGR of 13.7%. Optimizing Water Service with minimum water theft and rising pressure on water utilities are some of the factors impacting market growth. However, lack of capital and limited government support is hindering the market growth. In addition, water harvesting and wastewater management offer lucrative and Water Conservation Potential of Smart Irrigation Systems are some of the factors providing ample of opportunities.Get a Sample Copy of this Report @ https://marketprognosis.com/sample-request/19547
Smart water meters are primarily aimed to track accurately and monitor water usage in industries, homes, and other avenues. Smart water meters used for measuring water consumption is considered a serious matter in order to control and manage the resources of water and revenue as well. Increasing water scarcity, climate volatility, quality issues, and energy risks are few dynamics expected to impact the market growth favorably.
Amongst meter type, Two-way meters segment is expanding at a rapid pace due to it offers two-way communication and several other benefits over one-way smart water meters. Along with the capability of remotely collecting the meter reading, they also allow users to get notifications pertaining to the smart water meter battery as well as any kind of water meter malfunction. Moreover, users can send instructions to smart water meters.
By geography North America is dominated due to the utility base is in harmony with the smart meter technology and is starting to take on advanced data solutions and also it helped underpin the requirement to tackle efficient remote meter reading that can help benefit revenue generation and improve consumer service.
Some of the key players in Smart Water Meter market include are Siemens AG, Aclara Technologies, LC, B Meters, Badger Meters, Datamatic, Diehl Metering Group, Elster Group, Itron, Kamstrup A/S, Landis+GYR, Master Meters, Neptune Technology, Sensus and Zenner.
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Market Segments:
Products Covered:
• Smart Hot-Water Meter
• Smart Cold-Water Meter
Components Covered:
• Meters & Accessories
• Communication
• IT Solution
• Services
• Hardware
• Software & Platforms
Types Covered:
• Advanced Metering Infrastructure
• Automatic Meter Reading
Technologies Covered:
• Mechanical Meter
• Automatic Meter Readers (AMR)
• Ultrasonic Meter
• Advanced Metering Infrastructure (AMI)
• Electromagnetic Meter
Meter Types Covered:
• Two-way Meter
• One-way Meter
Applications Covered:
• Residential
• Industrial/ Commercial
• Water Utilities
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