Smart Water Metering market Size to Hit $6.4 billion in 2027 - Emerging Trends and Opportunities Analysis

According to a new market research report, 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.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/smart-water-metering-market-250996975.html

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. Also, governments are facing challenges in terms of developing sustainable infrastructure. Increasing breaches in access to water supply and sanitation, more water-intensive patterns of growth, growing populations, and water pollution are leading to increasing investments in the smart water metering infrastructure.

Key Market Players

The smart water metering market is dominated by a few major players that have a wide regional presence. The major players in the smart water metering market are Badger Meter, Inc. (US), Sensus (US), Diehl Stiftung & Co. KG (Germany), Aclara Technologies (US), and Itron, Inc. (US).

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250996975

This research report categorizes the smart water metering market by meter type, technology, component, application, and region
Based on Meter type:

Ultrasonic Meters
Electromagnetic Meters
Smart Mechanical Meters

Based on technology:

AMI
AMR

Based on Component:

Meter & Accessories
IT Solutions
Communications

Based on application:

Water Utilities
Industries

Based on region:

Asia Pacific
Europe
North America
Middle East & Africa
South America

AMR is anticipated to be the fastest-growing smart water metering segment, by technology, during the forecast period.

AMR is a system and process used to remotely collect water meter data without the physical presence of personnel at the reading point. AMR is a key driver of proficiency for water utilities by lowering operational costs by optimizing maintenance and reducing human intervention in the measurement operation. An effective AMR system can only work if the water meter has a connectivity point such as a pulse out where a radio transmitter will be attached to it. North America and Europe are the regions mostly implementing this technology. Other regions have also started implementing this metering infrastructure to reduce non-revenue water.

Ask Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=250996975

Recent Developments

In June 2021, Itron Inc. partnered with German IoT solutions firm Digimondo to help water utilities improve the management of distribution networks leveraging LoRaWAN
In May 2022, Badger Meter, Inc. launched its ModMAG M2000 Electromagnetic flow meter with the BACnet MS/TP communication protocol.
In December 2021, Diehl Metering helped the Maltese Utility Water Services Corporation (WSC) to reduce non-revenue water and overcome the challenges of low flow rates and high levels of limescale
In July 2019, The City of Safford established a Smart Utility Network by partnering with Sensus. The technologies used in this network are Sensus iPERL residential water meters and the two-way FlexNet communication system.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

This release was published on openPR.