Press release
Global Smart Water Meter Market Projected to Surge at $6974.22 Million by 2028
A recent study by Triton Market Research titled 'Global Smart Water Meter Market' consists of the Global Analysis and Forecasts by Technology (Automatic Meter Reading, Advanced Metering Infrastructure), End-user (Residential, Commercial & Industrial), Geography (Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa).Smart water meters help utilities in managing their water networks efficiently. They offer effective customer service and aid end-users in accurately determining their water consumption.
Request a Free Sample of the Global Smart Water Meter Market Report @ https://www.tritonmarketresearch.com/reports/smart-water-meter-market#request-free-sample
Triton's report signifies that the global smart water meter market is anticipated to exhibit growth at a CAGR of 7.65% during the forecasted years 2022 to 2028. It is further predicted to gain revenue worth $6974.22 million by 2028.
Smart water technologies are becoming integral to various strategies to preserve water supplies, ensure equitable access, increase connected populations, and charge for customers. The benefits offered by smart water meters are widespread. They boost a utility's ability to bill the customers timely and accurately. In this regard, the remote read capability of such meters allows shorter intervals between billing reads, thus creating a consistent flow of capital. Additionally, they help cut down labor costs owing to their advanced reading process. Many smart water meters have a radio transmitter that helps readers receive meter information. Thus, it enables streamlined monitoring, which further helps determine the optimum levels for sustainable water management. Hence, these benefits support the smart water meter market's growth.
However, a smart water meter installation cost is much higher than conventional meters, which hampers the overall market's growth. It is the integration with networking technology that adds to the overall cost. Also, the return on investment on expensive meters is realized in around five to eight years. As a result, they are not ideal for small utilities that do not have the required capital for investments.
The smart water meter is segmented into end-user and technology. Based on end-user, it is divided into commercial & industrial and residential. The technology segment includes automatic meter reading and advanced metering infrastructure.
The Asia-Pacific is likely to have the fastest growth in the smart water meter market over the forecast period. The increasing implementation of NB IoT-based smart water metering projects in various countries is augmenting the growth of the studied market in the region. For instance, over the last few years, many water utilities in Australia and New Zealand have piloted NB-IoT, among others, network LPWAN communication solutions for smart water metering.
The key companies profiled in the smart water meter market include Kamstrup AS, Elster Group GmbH, Neptune Technology Group Inc, Badger Meter Inc, Diehl Stiftung & Co KG, Mueller Water Products Inc, Arad Group, Landia GYR AG, Sensus USA Inc (Acquired by Xylem), Itron Inc, Aclara Technologies LLC (Acquired by Hubbell Incorporated), Master Meter Inc (Acquired by Arad Ltd), Datamatic Inc, ICSA (India) Limited, and Zenner International GmbH & Co KG.
Purchase this Report @ https://www.tritonmarketresearch.com/reports/smart-water-meter-market#purchase-option
Question & Answer: Smart Water Meter Market
Question 1: What factors support the smart water meter market's growth?
Answer: Smart water technologies are becoming integral to various strategies to preserve water supplies, ensure equitable access, increase connected populations, and charge for customers.
The benefits offered by smart water meters are widespread. They boost a utility's ability to bill the customers timely and accurately. In this regard, the remote read capability of such meters allows shorter intervals between billing reads, thus creating a consistent flow of capital. Additionally, they help cut down labor costs owing to their advanced reading process. Many smart water meters have a radio transmitter that helps readers receive meter information. Thus, it enables streamlined monitoring, which further help determine the optimum levels for sustainable water management. Hence, these benefits support the smart water meter market's growth.
Question 2: Which factor hampers the overall growth of the smart water meter market?
Answer: A smart water meter installation cost is much higher than conventional meters, which hampers the overall market's growth. It is the integration with networking technology that adds to the overall cost. Also, the return on investment on expensive meters is realized in around five to eight years. As a result, they are not ideal for small utilities that do not have the required capital for investments.
Question 3: Which region is likely to observe the fastest growth in the smart water meter market?
Answer: The Asia-Pacific is likely to observe the fastest growth in the smart water meter market over the forecast period. The increasing implementation of NB IoT-based smart water metering projects in various countries is augmenting the growth of the studied market in the region. For instance, over the last few years, many water utilities in Australia and New Zealand have piloted NB-IoT, among others, network LPWAN communication solutions for smart water metering.
Question 4: What are the key companies profiled in the smart water meter market?
Answer: The key companies profiled in the smart water meter market include Kamstrup AS, Elster Group GmbH, Neptune Technology Group Inc, Badger Meter Inc, Diehl Stiftung & Co KG, Mueller Water Products Inc, Arad Group, Landia GYR AG, Sensus USA Inc (Acquired by Xylem), Itron Inc, Aclara Technologies LLC (Acquired by Hubbell Incorporated), Master Meter Inc (Acquired by Arad Ltd), Datamatic Inc, ICSA (India) Limited, and Zenner International GmbH & Co KG.
Related Report:
PH Sensors & Analyzers Market - https://www.tritonmarketresearch.com/reports/ph-sensors-and-analyzers-market
The global pH sensors & analyzers market is likely to propel at a CAGR of 8.15% during the forecasted period from 2019 to 2028 while garnering $1939.50 million by 2028.
The pH sensors or meters are profoundly used in power plants or water treatment plants, pharmaceuticals, mining, oil & gas, chemical processing, and food & beverage industries. For instance, a desired amount of pH in food & beverage production will impart accuracy.
The pH sensors & analyzers market is driven by several factors such as the growth of water and wastewater treatment, automation to support the adoption of pH sensors & analyzers, and government support for water incentive industries.
However, the lack of established standards and cost constraints hinders the studied market's growth.
Nevertheless, the oil & gas industry is expected to offer lucrative growth opportunities for the pH sensors market owing to its application in crude oil extraction.
Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839
Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/
Triton is a leading market research company providing clients with the best online market research data reports. Our offerings include syndicated market insights, customized research reports, and cost-effective consulting services for constructive decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Projected to Surge at $6974.22 Million by 2028 here
News-ID: 3095265 • Views: …
More Releases from Triton Market Research

Asia-Pacific Dermatology Devices Market Forecast 2023-2030: Trends and Growth An …
The Asia-Pacific Dermatology Devices Market is experiencing significant growth, driven by increasing awareness and prevalence of skin disorders. Countries within this market include China, Japan, South Korea, India, Australia & New Zealand, ASEAN countries, and the Rest of Asia-Pacific. According to a research report by Triton, the market is expected to grow at a compound annual growth rate (CAGR) of 13.36% from 2023 to 2030.
Read the Market Summary Here: https://www.tritonmarketresearch.com/reports/asia-pacific-dermatology-devices-market#report-overview?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=TritonPR…

Future Insights: Middle East and Africa Dermatology Devices Market Forecast 2023 …
The MIDDLE EAST AND AFRICA DERMATOLOGY DEVICES MARKET is poised for substantial growth, driven by the rising prevalence of skin disorders and increasing demand for advanced dermatological treatments. The market includes countries such as the United Arab Emirates, Saudi Arabia, Turkey, South Africa, and the Rest of the Middle East & Africa. According to Triton's research report, the dermatology devices market in this region is expected to advance at a…

Expanding Scope of the Global Membranes Market in 2024-2032
According to Triton's research report, the global membranes market generated $XX million in 2023 and is expected to generate a CAGR of 6.74% in revenue over the forecasting years 2024-2032.
A recent study by Triton Market Research titled Global Membranes Market includes the Global Analysis and Forecasts by Material (Polymeric, Ceramic, Other Materials), Technology(Reverse Osmosis (RO), Nanofiltration (NF), Ultrafiltration (UF), Microfiltration (MF), Other Technologies), End-User (Utilities, Commercial, Industrial, Residential, Other End-Users),…

Europe Synthetic Leather Market Size & Forecast to 2030
Triton Market Research states that the Europe Synthetic Leather Market is poised for significant expansion, with an anticipated compound annual growth rate (CAGR) of 7.23% in revenue from 2023 to 2030.
Read the Market Summary Here: https://www.tritonmarketresearch.com/reports/europe-synthetic-leather-market#report-overview?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=TritonPR
This growth is driven by increasing consumer preference for cruelty-free and sustainable alternatives to genuine leather, as well as advancements in synthetic leather technology.
Countries leading this market include Spain, Italy, France, Germany, the…
More Releases for Meter
Smart Meter Market Set for Explosive Growth| Secure Meter, Kamsturp, Itron
Market Research Forecast published a new research publication on "Smart Meter Market" with 230+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Smart Meter market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled in the study…
Flow Meter Market Looks Ready For Takeoff: ABB, Badger Meter, Flexim
The Latest Released Global Flow Meter market study has evaluated the future growth potential of Global Flow Meter market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential…
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 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…