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Smart Water Meter Market Analysis Survey 2021 with Top Countries Data: Industry Insights by Players, Regional Segmentation, Growth, Applications, Major Drivers, Value and Foreseen | With Covid 19 Analysis

Smart Water Meter360 Market Updates adds Global Smart Water Meter Market 2021 report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more. Smart Water Meter Market provides AN in-depth statement on the key influencing factors, market statistics in terms of revenues, segment-wise knowledge, region-wise knowledge, and country-wise knowledge are offered within the full study. COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

Global “Smart Water Meter Market” Report 2021 studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis. Also, Smart Water Meter Market is predicted to grow at a CAGR of Growing rate during the forecast period. And report provides a complete market overview, a list of top manufactures, the scope of the report, key market trends of the Smart Water Meter market, and the main aspect of the report- why do you have to buy this research report? So don’t miss it.

The report gives – Who are the global key players in this keyword market? What are their company profile, product information, and contact information?  What Was the Global Market Status of Smart Water Meter Market? What Was Capacity, Production Value, Cost and PROFIT of Smart Water Meter Market?

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Smart Water Meter Market Overview 2021:

The smart water meter market witnessed 11.8 million unit shipments in 2017 and is expected to reach 22.1 million unit shipments by 2023, at a CAGR of 11.2% over the forecast period (2018 – 2023). The report discusses the end users that use these products. The regions considered under the scope of the report include North America, Europe, and various others. The study also emphasizes on how the need for billing accuracy and customer convenience is affecting the market.

With increasing pressure on water utilities, owing to the growing demand, increasing water stress, rising energy prices, and aging water systems, the smart water network solutions have emerged with significant benefits, by combining advanced metering technology, software, and effective communications systems. The integration of the said components, enables end users to account for every drop and turn water into revenue through enhanced leak detection and unparalleled data acquisition. Moreover, the critical need for optimized consumption of water in water-scarce areas is expected to drive the smart water meter market. For instance, according to the World Water Development Report, 480 million people in Asia alone will face water scarcity in the future.

Increase in Billing Revenue and Accuracy to Drive the Demand

Smart meters boost a utility’s ability to precisely and timely bill customers for the extent of water used. The remote-read capability allows for smaller intervals between billing reads, better business preparation in understanding future revenue streams, or producing a continuous flow of capital. The upgrade to smart water meter yields a more accurate billing process, which, in turn, increases utility revenue. Smart meters also cut the labor costs, with their advanced reading process. Most of the smart water meters consist of a radio transmitter that allows crews to receive meter information by traveling by a house or building. Further, intelligent alerts in the ultrasonic water meter enable efficient leak detection and lower the amount of non-revenue water, because faster detection of leaks can help in mitigating water losses.

Growing Demand from the Industrial segment to Augment Growth

In industries, utilities are undergoing a global transformation into the information age, based on the assumption that consumers and utilities will gain from collecting and distributing granular, real-time information, especially the water and wastewater treatment plants. Smart water meters in industries are utmost useful in handling the heating and cooling systems that have substantial energy requirements, when compared to other equipment. Moreover, as various end users deploy AMI across their distribution grids, the customer-related data can be remotely monitored, allowing major industries to adjust their water usage accordingly. Moreover, smart water meters also enable two-way communication between the meter and the central system employed by the utilities, streamlining their business process, saving time and cost in the process.

North America is the Largest Market

Water scarcity in the western region, along with the ageing infrastructure in the Mid-West and East, has helped underpin the requirement to tackle efficient remote meter reading that can help benefit revenue generation and improve consumer service. Moreover, as North America is a more developed market, the utility base is in harmony with the smart meter technology and is starting to take on advanced data solutions. In addition, Halifax Water, the Canadian utility, secured approval from the Nova Scotia Utility and Review Board (NSUARB) to upgrade the region’s water meters. The water distribution and treatment firm announced plans to replace existing analogue water meters with automated smart water metering systems from early 2017. With such initiatives expected to become common in future, the demand for smart water meters is expected to increase.

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Top Key-players/Leading Manufacturers of Smart Water Meter Market:

  • Sensus USA Inc.
  • Aichi Tokei Denki
  • Zenner International GmbH & Co KG
  • Mueller Systems LLC
  • Diehl Stiftung & Co. KG
  • Apator SA
  • Neptune Technology Group Inc.
  • Badger Meter Inc.
  • Azbil Kimmon Co. Ltd.
  • Kamstrup A/S
  • Chongqing Smart Water Meter Group
  • Arad Group

With tables and figures helping analyze the worldwide Global Smart Water Meter market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

The Global Smart Water Meter market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Key Developments in the Smart Water Meter Market:

This Smart Water Meter Market Research/analysis Report Contains Answers to your following Questions

  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Smart Water Meter Industry?
  • What Was the Global Market Status of Smart Water Meter Market? What Was Capacity, Production Value, Cost, and PROFIT of Smart Water Meter Market?
  • What Are Projections of Global Smart Water Meter Industry Considering Capacity, Production, and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What about Import and Export?
  • What Is Smart Water Meter Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

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  • What Is Economic Impact On Smart Water Meter Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • Which Manufacturing Technology is used for Smart Water Meter? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Smart Water Meter Market? What are Their Company Profile, Their Product Information, and Contact Information?
  • What Is the Current Market Status of the Smart Water Meter Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Smart Water Meter Market by Taking Applications and Types in Consideration?
  • What Are Market Dynamics of Smart Water Meter Market? What Are Challenges and Opportunities?

Reasons to Purchase Smart Water Meter Market Report:

  • The report analyses how stringent emission control norms will drive the global Smart Water Meter market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major Smart Water Meter market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

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