Tue, 28 Sep 2021


The new report by Expert Market Research titled, 'Global Smart Water Meter Market Report and Forecast 2021-2026', gives an in-depth analysis of the global smart water meter market, assessing the market based on its segments like type, water type, technology, components, application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Fo rces models.

Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Request a free sample copy in PDF or view the report summary: https://www.expertmarketresearch.com/reports/smart-water-meter-market/requestsample

The key highlights of the report include:

Market Overview (2021-2026)

  • Historical Market Size (2020): 28 Million Units
  • Forecast CAGR (2021-2026): 19%
  • Forecast Market Size (2026): 82 Million Units

The growth of global smart water meter market is driven by the efficient consumption of water. Additionally, the favourable government policies and increasing financial incentives will aid the growth of smart water meter market. Moreover, increased convenience provided by these meters in terms of billing, leakage detection and security in terms of these meters being temper proof are expected to increase the demand. However, the initial higher cost of installation may constrain the growth of global smart water meter market in the forecast period.

Explore the full report: https://www.expertmarketresearch.com/reports/smart-water-meter-market

Industry Definition and Major Segments

Smart water meter are special water meters, equipped with wireless communication setup allowing it remote location monitoring and leaks detection. It also enables services such as automatic billing and customer management. Additionally, it prevents tampering attempts.

The smart water meter industry can be segmented by type into:

  • Electromagnetic Meter
  • Ultrasonic Meter
  • Mechanical Meter
  • Others

It may be differentiated on the basis of water type into:

  • Hot Water Meter
  • Cold Water Meter

The market can be divided on the basis of technology into:

  • AMR
  • Advanced Meter Infrastructure (AMI)

It may be segmented by component as:

  • Meters and Accessories
  • IT Solutions
  • Communications

The market may be divided by application into:

  • Water Utilities
  • Industries
  • Others

The regional markets for smart water meter include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Regionally, North America is expected to see a significant growth in the usage of smart water meters. This can be attributed to significant advantages offered by smart water meters. Additionally, government initiatives to support conservation of water, and emerging smart cities with integrated internet services will aid the growth of the market. Further the North American market will be propelled by factors such as greater asset management, ease in maintenance and easier customer service. Meanwhile, in the Asia Pacific factors such as rapid growing population, increasing industrialisation and urbanisation will push the growth of the smart water meter market in the forecast period.

Key Market Players

The major players in the market are Xylem Inc., Aichi Tokei Denki Co. Ltd., Kamstrup A/S, Diehl Stiftung & Co. KG, Hubbell Incorporated, Landis+Gyr AG, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research

Contact Person:-Ian Bell, Business Consultant

Email: sales@expertmarketresearch.com

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Website: https://www.expertmarketresearch.com

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Content Source@ https://expertmarketresearch-emr.blogspot.com/2021/05/smart-water-meter-market.html

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