Europe Smart Water Meter Market Report 2021: Market Growth and Market Trends Forecast Through 2026

According to MarkNtel Advisors' research report, the Europe Smart Water Meter Market is likely to grow at around 9% CAGR in the forecast period of 2021-26. It is primarily due to the rapidly increasing water consumption and surging focus on the digitalization of water metering systems to avoid water losses.

The research report "Europe Smart Water Meter Market Analysis, 2021" also states that the soaring energy prices and aging water systems are further propelling the need for Smart water solutions like Smart Water Meters. These meters are emerging swiftly due to their multiple benefits, such as exceptional metering technology, dynamic communication, and integrated billing, allowing users to monitor the consumption & maintenance of water channels. Moreover, the requirement of Smart Water Meters propelling significantly in areas with heavy water scarcity is another crucial aspect likely to drive the Europe Smart Water Meter Market in the coming years.

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Key Questions Answered in the Study
1. What are the current and future trends in the Europe Smart Water Meter Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across Europe, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Europe Smart Water Meter Market?
5. What are the customer orientation, purchase behavior, and expectations from the Europe Smart Water Meter Market service providers across Europe?

Europe Smart Water Meter Market to Witness Fastest Growth of the Advanced Metering Infrastructure in the Forecast years
Based on the Technology, the Europe Smart Water Meter Market bifurcates into Automated Meter Reading, Advanced Metering Infrastructure, and Standard (non-AMR/AMI) Meters. Of them all, Advanced Meter Infrastructure is more likely to attain the fastest growth in the forecast years. It owes prominently to its ability to facilitate a 2-way communication channel between the meter & the user, making it hassle-free for users to monitor the water consumption and detect faults like leaks & cracks.

Further, this technology substantially helps reduce non-revenue water and efficiently provides water conservation, easy management, & better customer service. Hence, these aspects are likely to lead the Advanced Metering Infrastructure technology to witness the fastest growth in the forecast years.

For detailed overview: https://www.marknteladvisors.com/research-library/european-smart-water-meter-market.html

"Europe Smart Water Meter Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Smart Water Meter providers across Europe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

Germany to Attain the Largest Share of the Europe Smart Water Meter Market through 2026
The Smart Water Meter Market is expanding significantly across Europe. However, of all countries in the region, Germany is more likely to attain the largest market share in the forecast period. It owes to the rapidly developing economy entwined with industrial waste getting discharged into the water bodies, resulting in pollutant increase & various environmental concerns coupled with the worsening water quality in the country.

Due to this, the government is actively taking various initiatives and implementing water treatment & management technologies to reduce meter tampering activities & non-revenue water. It, therefore, propels the demand for Smart Water Meters, with which the government is keeping a check on the water quality & use every two months. Hence, based on these aspects, the market is likely to grow significantly and lead Germany to attain the largest share in the forecast period, reveals MarkNtel Advisors in their research report, "Europe Smart Water Meter Market Analysis, 2021."

According to MarkNtel Advisors, the leading players in the Europe Smart Water Meter Market are Arad Group, Diehl Metering Group, Honeywell Elster, Kamstrup, Axioma, etc.

Market Segmentation:
1. By Type (One Way, Two Way)
2. By Technology (Automated Meter Reading, Advanced Metering Infrastructure, Standard (non-AMR/AMI) Meters)
3. By End Users (Municipal, Commercial, Residential, Industrial, Others)
4. By Geographic Region (UK, Germany, France, Spain, Scandinavia, CIS + Russia, Central & Eastern, Benelux, Others)
5. By Competitors (Arad Group, Diehl Metering Group, Honeywell Elster, Kamstrup, Axioma, Others)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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