Smart Water Metering Market Size will Escalate Rapidly in the Near Future
Globally, water utilities are considering technological innovations in water metering infrastructure to improve their operational efficiency. According to a UN report, 66% of the world’s population will be living in urban areas by 2050. This creates a scenario of a large population with no or poor access to water infrastructure. Countries are facing the constant issue of water loss and wastage....
Rising at 11.6% CAGR, Smart Water Metering Market will Continue Registering Positive Growth Between 2022 and 2027
New Revenue Pockets:
The global smart water metering market is expected to grow at a CAGR of 11.6% during the forecast period, from an estimated USD 3.7 Billion in 2022 to USD 6.4 Billion in 2027. The rising urban population is creating opportunities for the development of smart cities, which ultimately is driving the demand for smart water metering infrastructure development on a larger scale....
Smart Water Metering Market is Expected to Reach$6.4 billion in 2027
According to a research report “Smart Water Metering Market by Meter type (Ultrasonic, Electromagnetic, Smart Mechanical), Application (Water Utilities, Industries), Technology (AMI, AMR), Component (Meter & Accessories, Communications) and Region – Global Forecast to 2027″ published by MarketsandMarkets, the Smart Water Metering market is expected to grow at a CAGR of 11.6%...
Smart Water Metering Market Players & Forecast Analysis till 2024
Latest report “Smart Water Metering Market by Meter Type (Electromagnetic, Ultrasonic, Mechanical), Technology (AMI, AMR), Component (Meters & Accessories, IT Solutions, Communications), Application (Water Utilities, Industries), and Region – Global Forecast to 2024″, is projected to reach USD 9.6 billion by 2024 from an estimated USD 5.9 billion in 2019, at a CAGR of 10.3%...
Rising Concerns on Managing Water Consumption to Reduce Operational Costs are Driving the Smart Water Metering Market
Global Smart Water Metering Market Scenario:
The global smart water metering market is projected to reach USD 9.6 billion by 2024 from an estimated USD 5.9 billion in 2019, at a CAGR of 10.3% during the forecast period. The growing concern toward managing the supply of water is a driving factor for the market. Moreover, the adoption of the Internet of Things in the water industry is bringing...
$9.6 billion Smart Water Metering Market by Meter Type, Component & Application – Global Forecast to 2024
The global smart water metering market is projected to reach $9.6 billion by 2024 from an estimated $5.9 billion in 2019, at a CAGR of 10.3% during the forecast period. The growing concern toward managing the supply of water is a driving factor for the market. Moreover, the adoption of the Internet of Things in the water industry is bringing opportunities for the market.
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