openPR Logo
Press release

Global Smart Water Meter Market to Exhibit 7.65% CAGR by 2028

08-15-2022 06:55 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

Global Smart Water Meter Market

Global Smart Water Meter Market

Triton Market Research presents the Global Smart Water Meter Market segmented by Technology (Automatic Meter Reading, Advanced Metering Infrastructure), End-user (Residential, Commercial & Industrial), and Geography (North America, Asia-Pacific, Latin America, Middle East and Africa, and Europe).

It further discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter's Five Forces Model, Market Attractiveness Index, Vendor Scorecard, Industry Components, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2022-2028).

Triton Market Research's report states that the global market for smart water meter is expected to expand with a CAGR of 7.65% over the forecasted period 2022-2028.

Request a Free Sample Report on the Global Smart Water Meter Market:

Due to the shortage of global water resources and increasing wastewater disposable costs, smart water meters are gaining immense popularity. They help end-users accurately determine the water consumption level, especially during peak season. According to a study, more than 700 million people across 43 countries suffer from water scarcity. As a result, the need for a sustainable water supply in various industries is on a constant rise. Moreover, smart water meters technology aid utilities in addressing the root cause of water concerns, thus saving time and resources. Hence, these factors are driving the growth of the smart water meter market.

On the other hand, smart water meters are embedded with digital components and connectivity systems that help them operate and transmit data. This escalates the cost of smart metering equipment. Also, these smart meters are designed based on customer requirements which further increases their cost, hindering the studied market's growth.

Geographically, the Asia-Pacific is expected to witness the fastest growth during the forecast period. The growth is attributed to major contributions by China, India, Japan, etc. China is a hot spot for NB IoT-based smart water metering, and most mass-rollout projects are based on it. Similarly, Pilot AMI such as LoRaWan and NB IoT smart water metering projects gained success in Japan, Australia, and New Zealand. Such developments are likely to encourage water utilities to adopt LPWAN communication solutions, which will further augment the growth of the smart water meter market.

The major companies listed in the smart water meter market are Arad Group, Master Meter Inc (Acquired by Arad Ltd), Datamatic Inc, Elster Group GmbH, Neptune Technology Group Inc, Sensus USA Inc (Acquired by Xylem), Badger Meter Inc, Kamstrup AS, Diehl Stiftung & Co KG, Itron Inc, ICSA (India) Limited, Landia GYR AG, Aclara Technologies LLC (Acquired by Hubbell Incorporated), Zenner International GmbH & Co KG, and Mueller Water Products Inc.

The threat of substitutes for smart water meters is substantially high owing to the availability of conventional meters and smart extensions integrated with the existing systems. Additionally, the awareness of the smart water meter is comparatively lower than the conventional meters, thus prompting buyers to choose the latter.

Get an overview about this report @

Purchase this report @

Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Smart Water Meter Market to Exhibit 7.65% CAGR by 2028 here

News-ID: 2705034 • Views: 464

More Releases from Triton Market Research

The Global Class D Audio Amplifier Market to Reap $5176.17 Million by 2028
According to Triton Market Research's report, the global class D audio amplifier market garnered $2611.46 million in 2021, and is set to showcase a 10.56% of CAGR by 2028. A recent study by Triton Market Research titled 'Global Class D Audio Amplifier Market,' covers the Global Analysis and Forecasts by End-user (Consumer Electronics, Automotive, Other End-users), by Type (Mono-channel, 2 Channel, 4 Channel, 6 Channel, Other Amplifier Types), by Application (Desktops
The Global Biochar Market Estimated to Gain $3171.02 Million in Revenue by 2028
According to Triton's report, the global biochar market, which garnered $1320.94 million in 2021, is expected to grow at 13.40% of CAGR by 2028. A recent study by Triton Market Research titled 'Global Biochar Market' entails the Global Analysis and Forecasts by Feedstock (Forestry Waste, Biomass Plantation, Residential Waste, Animal Manure, Agriculture Waste), Application (Air, Soil, and Water Treatment, Horticulture, Agriculture and Livestock, Industries), Technology (Microwave Pyrolysis, Intermediate Pyrolysis, Slow
Global Base Oil Market Estimated to Gain $37.51 Billion in Value by 2028
Triton's market report shows that the global base oil market, which attained $29.70 billion in 2021, is expected to register progress at 3.42% CAGR by 2028. A recent study by Triton Market Research titled 'Global Base Oil Market' involves the Global Analysis and Forecasts by Application (Industrial Oil, Greases, Metalworking Fluids, Hydraulic Oil, Automotive Oil, Other Applications), by Group (Group I, Group II, Group III, Group IV, Group V), and
Global Automotive Paints and Coatings Market Estimated to Gain $12.55 Billion in …
According to Triton's market report, the global automotive paints and coatings market attained $8.85 billion in 2021 and is expected to register a growth at 4.97% of CAGR by 2028. A recent study by Triton Market Research titled 'Global Automotive Paints & Coatings Market' contains Global Analysis and Forecasts by Product Type (Solvent-Borne, Waterborne, Other Coatings), Coat Type (Base Coat, Electro Coat, Clear Coat, Primer), Vehicle Type (Passenger Vehicles, Light Commercial

All 5 Releases

More Releases for Meter

Ultrasonic Water Meter Market Ultrasonic Water Meter Market
The proposed Ultrasonic Water Meter Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics. The Ultrasonic Water Meter Market sample report
Water Meter Market 2021 Growing Demand, Size and Business Outlook- Ningbo Water …
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Water Meter market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends. The Water Meter Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and
Smart Water Meter Market 2017- SenTec, Badger Meter, Sensus, Aquiba, Itron
Apex Research, recently published a detailed market research study focused on the "Smart Water Meter Market" across the global, regional and country level. The report provides 360° analysis of "Smart Water Meter Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Smart Water Meter industry, and estimates the future trend of Smart
Smart Gas Meter Market Outlook 2017- Trilliant, Sensus, Billion, Wasion, Meter I …
A market study ” Global Smart Gas Meter Market ” examines the performance of the Smart Gas Meter market 2017. It encloses an in-depth Research of the Smart Gas Meter market state and the competitive landscape globally. This report analyzes the potential of Smart Gas Meter market in the present and the future prospects from various angles in detail. The Global Smart Gas Meter Market 2017 report includes Smart Gas Meter
Global Smart Meter Market (Electricity, Gas, Water): By Type - Smart Electricity …
MarketResearchReports.Biz adds “Global Smart Meter Market 2011 Share, Size, Trends and Forecast to 2022 Market Research Report” reports to its database. This report provides a strategic analysis of the Smart Meter market and the growth estimates for the forecasted period. Global rise in energy demand along with the emerging trends in smart grid technologies, integration, and advanced infrastructure along with IoT (Internet of Things) has led to the growth of Smart
Global Smart Water Meter Market 2017 - Arad Technologies, Badger Meter, Elster
The motive of this strategic research report entitled “Global Smart Water Meter Market 2017” is to provide company officials, industry investors and industry members with consequential insights to enable them make reliable strategic decisions regarding the opportunities in the global Smart Water Meter market. Key Notes On Smart Water Meter Market: “Global Smart Water Meter Market 2017” offers crucial insights into the global Smart Water Meter market along with the market size