Smart Water Metering Market is Expected to Grow at a CAGR of over 10.3% | During 2022-2028 | Vantage Market Research

Smart Water Metering Market by Technology (AMI, AMR), by Component (IT Solutions, Communications, Meters & Accessories), by Meter Type (Ultrasonic Meter, Electromagnetic Meter, Mechanical Meter), by Application (Water Utilities, Industries), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)

According to Vantage market research the Global Smart Water Metering market is valued at USD 7.24 Billion in 2021 and is projected to attain a value of USD 14.85 Billion by 2028 at a CAGR of 10.3% during the forecast period, 2022-2028.

Key Findings and Insights from the report:

• The report presents the estimated CAGR of 10.3% size of the Smart Water Metering Market at the end of the forecast period.
• The Global Smart Water Metering market is predicted to reach a value of USD 14.85 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.

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One of the main reasons why smart water metering is popular is that it helps reduce water wastage. The traditional method of manually reading and recording meter data for billing purposes does not provide accurate results. Nowadays, more and more people are looking to get automatic meters that rely on electronic means to calculate usage and bills. It is a known fact that washing machines and dishwashers are among the biggest users of water at home and in the workplace.

Market Segmentation:

By Technology:
• AMI
• AMR

By Application:
• Water Utilities
• Industries

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COVID-19 Impact Analysis of Smart Water Metering Market:

When the Covid-19 pandemic began in China, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.

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The Smart Water Metering market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)

List of Leading Players in the Global Smart Water Metering Market:

• Kamsturp (Denmark)
• Diehl (Germany)
• Badger Meter (US)
• Itron (US)
• Landis+Gyr (Germany)
• Neptune Technology Group (US)
• Sensus (US)
• Aclara Technologies (US)
• BMETER (Italy)
• Honeywell (US)
• Datamatic (US)
• ZENNER (Germany).

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Reason for buying this Smart Water Metering market Report:

• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Smart Water Metering market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Smart Water Metering market and provides possible solutions to those problems.

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