WASHINGTON, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Water is essential source of resource for daily purposes such as commercial, industrial and for personal use. Water is considered as ample resource and hence is sometime misused and not taken care of. Smart water meters enable to identify and eliminate mis-billing, help in proper distribution and last but not least saving. These are some of the factors that might flourish the smart water meter market, states Vantage Market Research, in a report, titled “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)”.
The market size stood at USD 7.24 Billion in 2021. The global smart water metering market size is expected to reach USD 14.85 Billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period.
Click Here To Access The Free Sample Report @ https://www.vantagemarketresearch.com/smart-water-metering-market-1185/request-sample
(The Free Sample Of This Report Is Readily Available On Request).
Our Free Sample Reports Includes:
- In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
- Impact Analysis 160+ Pages Research Report (Including latest research)
- Provide chapter-wise guidance on request 2021 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
- Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using Vantage Market Research methodology.
(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)
The report on smart water metering market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Value Chain Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Porter’s Five Forces Analysis
- Global and Regional Dynamics
Market Overview:
Stringent Regulation by Government Bodies on Saving Water and Regulate Equal Distribution is Expected to Drive the Smart Water Metering Market.
With rising pressure to conserve limited water resources, smart metering provides the utilities with the opportunity to streamline their water distribution processes through data-driven decisions. The smart water metering enables the utilities to automatically collect consumption data, eliminate manual meter reading, improve efficiency and save costs. It also provides an opportunity to detect leaks and abnormal consumption more efficiently than the manual methods. Government bodies across globe are emphasizing to use smart water metering devices in commercial as well as industrial spaces. This will enhance the water saving phenomena and also regulate equal water distribution. These are some of the factors that are driving the smart water metering market.
Lack of Awareness among the Population is Hindering the Smart Water Metering Market
Globally water is not considered to be as an important resource and people are not aware of benefits of water saving and use. Countries such as India, China, Sri Lanka, Pakistan, Indonesia, and various others face huge problems due to scarcity of water. General population is not much keen to use smart water metering due to lack of awareness and high cost of device. Government bodies are also not taking many initiatives for setting up these devices. These are some of the factors that are hindering the growth of smart water metering market.
Purchase This Premium Report Now @ https://www.vantagemarketresearch.com/buy-now/smart-water-metering-market-1185/1
Benefits of Purchasing Smart Water Metering Market Reports:
- Customer Satisfaction: Our team of experts assists you with all your research needs and optimizes your reports.
- Analyst Support: Before or after purchasing the report, ask a professional analyst to address your questions.
- Assured Quality: Focuses on accuracy and quality of reports.
- Incomparable Skills: Analysts provide in-depth insights into reports.
Regional Analysis:
Increasing Growth of Smart Water Metering Market in North America
Asia Pacific is anticipated to grow at a highest CAGR in the projected period. This is attributed due to presence of key players of smart water metering manufacturers. Stringent government regulation and water protection association are emphasizing to use smart water meters which are the key factors in the smart water metering market. This will be helpful to attain sustainability. Followed by North America, Middle East is expected to grow in smart water metering market due to scarcity of water available.
COVID-19 Analysis:
The COVID-19 outbreak has affected various industries worldwide. The smart water metering market also had a huge impact. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop the swift spread of COVID-19. These actions led to a severe impact on the global economy impairing various industries. Moreover, reduced construction activities further affected the demand smart water metering device manufacturing across the globe. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data- points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Region 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/smart-water-metering-market-1185
List of Prominent Players in the 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)
Recent Developments in the Industry:
In June 2019, Itron received a contract from Liberty Utilities Company for OpenWay Riva, an Internet of Things (IoT) solution that includes an open, standard-based network for gas, electricity, and water. The solution helped Liberty Utilities improve operations and enhance the customer experience.
In May 2019, Diehl and its local partner Faso General Technology (FGT) received a contract from the National Water and Sanitation Office (ONEA) in Burkina Faso to improve water management with advanced manual data consumption reading.
In April 2019, Badger Meter acquired Innovative Metering Solutions. This acquisition is expected to increase the footprint of Badger Meter and its utility customers in the south eastern US.
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Smart Water Metering Market?
- How will the Smart Water Metering Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Smart Water Metering Market?
- What are the Smart Water Metering market drivers and restrictions?
- What will be the CAGR and size of the Smart Water Metering Market throughout the forecast period?
Speak To Analyst: https://www.vantagemarketresearch.com/smart-water-metering-market-1185/contact-analyst
This market titled “Smart Water Metering Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Market Size in 2021 | USD 7.24 Billion |
| Projected Market Size in 2028 | USD 14.85 Billion |
| CAGR Growth Rate | CAGR of 10.3% from 2022–2028 |
| Base Year | 2021 |
| Historic Years | 2016 - 2020 |
| Forecast Years | 2022 - 2028 |
| Segments Covered | Technology: - AMI, AMR Component: - IT Solutions, Communications, Meters & Accessories Meter Type: - Ultrasonic Meter, Electromagnetic Meter, Mechanical Meter Application: - Water Utilities, Industries |
| Quantitative Data - Units | Revenue in USD Million/Billion and CAGR from 2022 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
Browse More Related Report:
- Waste Water Treatment Market:- https://www.vantagemarketresearch.com/industry-report/waste-water-treatment-market-0895
- Drilling Waste Management Market:- https://www.vantagemarketresearch.com/industry-report/drilling-waste-management-market-0497
- Remote Tank Monitoring System Market:- https://www.vantagemarketresearch.com/industry-report/remote-tank-monitoring-system-market-0264
- Automatic Faucets Market:- https://www.vantagemarketresearch.com/industry-report/automatic-faucets-market-0822
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/
Follow Us on Twitter: https://twitter.com/vantagemarketr
Contact us
Eric Kunz
6218 Georgia Avenue NW Ste 1 - 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Email: sales@vantagemarketresearch.com
Website: https://www.vantagemarketresearch.com/
Latest Vantage Market Research Press Releases @ https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs
