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Global Smart Water Metering Market 2023 - Industry Size, Future Insights, Growth Drivers And Top Players
Smart Water Metering Market
Smart Water Metering Market Size, Growth Rate, And Forecast
The global smart water metering market size is expected to grow from $3.44 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 13.85%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart water metering market size is expected to grow to $6.24 billion in 2027 at a CAGR of 12.04%.
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Smart Water Metering Market Drivers
Utilities' focus on reducing non-revenue water is expected to propel the smart water metering market going forward. Non-revenue water (NRW) is essentially produced, cleansed water that is misplaced throughout the water delivery system and never makes it to its intended location.
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Smart Water Metering Market Segments
• By Meter Type: Ultrasonic Meter, Electromagnetic Meter, Mechanical Meter
• By Component: Information Technology (IT) Solutions, Communications, Meters And Accessories
• By Technology: Automatic Meter Reading, Advanced Meter Infrastructure
• By Application: Residential, Water Utilities, Industrial, Agricultural
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Smart Water Metering market.
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Smart Water Metering Market Key Players
Major competitors in the Smart Water Metering market include Kamsturp, Badger Meter Inc., Diehl Stiftung & Co. KG, Landis+Gyr, Itron Inc., Neptune Technology Group Inc., Aclara Technologies LLC, Sensus.
The Business Research Company's "Global Smart Water Metering Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Smart Water Metering Market Include:
1. Executive Summary
2. Smart Water Metering Market Characteristics
3. Smart Water Metering Market Trends And Strategies
4. Smart Water Metering Market - Macro Economic Scenario
5. Smart Water Metering Market Size And Growth
.................
26. Africa Smart Water Metering Market
27. Smart Water Metering Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Water Metering Market
29. Smart Water Metering Market Future Outlook and Potential Analysis
30. Appendix
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