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Smart Water Metering Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Smart Water Metering Market Size & CAGR
The global smart water metering market is projected to reach a CAGR of 7.2% from 2021 to 2028. By the end of 2021, the market size is estimated to be USD 5.4 billion.
COVID-19 Impact on the Smart Water Metering Market
The COVID-19 pandemic has significantly affected the smart water metering market globally. With lockdowns and restrictions in place, the installation and maintenance of smart water meters have been hampered, leading to a slowdown in the market growth.
Smart Water Metering Dynamics
The smart water metering industry is driven by factors such as increasing water scarcity, the need for efficient water management, and government initiatives to promote smart water solutions. Technological advancements in IoT and data analytics are also fueling market growth.
Segments and Related Analysis
The smart water metering market can be segmented based on technology (AMR, AMI), component (meter, communication, software), application (residential, commercial, industrial), and region. Each segment plays a vital role in the overall market landscape.
By Region Analysis
The smart water metering market is analyzed based on regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each region has its unique market dynamics and growth opportunities in the smart water metering sector.
Key Market Players and Competitive Landscape
Key players in the smart water metering market include Sensus, Itron Inc., Badger Meter, Kamstrup, and Arad Group. The competitive landscape is intense, with companies focusing on innovation and strategic partnerships to gain a competitive edge.
Recent happenings in the Smart Water Metering Market
Recent developments in the smart water metering market include the launch of advanced IoT-based water meters, strategic acquisitions by key players, and collaborations to enhance water management systems. These developments are shaping the future of the smart water metering industry.
