Smart Water Meter Market Growth, Trends, and Forecast 2018 - 2026

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Smart Water Meter Market to Partake Significant Development during 2026 By ajinkya

January 18, 2022

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The demand within the global smart water meter market is rising on account of growing focus on water conservation across regional territories. The scanty levels of freshwater reserves across the world has generated a sense of alarm amongst the masses. Several international conferences and conventions have taken water conservation as an important agenda. Furthermore, global leaders have

engaged in pragmatic discussion and debate to resolve the water crisis that surrounds the world. Several countries in Africa are feared of running out of ample water resources over the course of the next few decades. Therefore, the global smart water meter market is growing as the need for optimization of water resources gains swing.

Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample. php?flag=S&rep_id=32777 Climate experts and environmentalists have predicted unfavourable patterns of rainfall over the next few years. Moreover, the growing dangers of acid rain have led conservationists to preserve the existing fresh water reserves. In this scenario, judicious usage of water across commercial, industrial, and residential domains has become a necessity. Smart water meters have emerged as an important technology that can change the way people consume water for their needs. These meters can help in measuring the requirements and usage of water across a particular locality during a given period of time. Smart water meters have been hailed as a central force that can foster sustainability across the planet.

Ultrasonic meter and electromagnetic meter technology segments estimated to be highly lucrative Based on technology, the global smart water meter market has been divided into ultrasonic meter, electromagnetic meter, and mechanical meter. The mechanical meter segment has been sub-classified into rotary piston, single-jet, multi-jet, combination, nutating disk, and woltman. Ultrasonic meter and electromagnetic meter segments are expected to expand at CAGRs of 15.02% and 14.54%, respectively, during the forecast period. The water meter technology is changing rapidly and utility companies as well as individuals are giving

preference to ultrasonic and electromagnetic smart water meters. This is because these meters do not have any moving part, which makes the device maintenance easy. Furthermore, smart water meters allow significant precision in meter reading, due to their superior mechanism.

Additionally, these meters are low at production cost and they use the existing Request for TOC @ https://www.transparencymarketresearch.com/report-toc/32777 Two-way meter segment projected to expand at a rapid pace In terms of meter type, the smart water meter market has been segmented into one-way meter and two-way meter. One-way smart water meters allow one-sided communication that allows the user to get the meter reading remotely with the help of drive-by and walk-by methods. One-way smart water meters are based on the AMR (automatic meter reading) system. However, AMR-system-based oneway smart water meters are older-technology products and they are rapidly getting replaced by two-way smart water meters based on the AMI (advanced metering infrastructure) system. Two-way smart water meters offer two-way communication and several other benefits over one-way smart water meters. Along with the capability of remotely collecting the meter reading, they also allow users to get notifications pertaining to the smart water meter battery as well as any kind of water meter malfunction. Moreover, users can send instructions to smart water meters.

The development of smart cities across leading countries and territories has given an impetus to the sale of smart water meters. These meters are a part of the robust, succinct, and globally accepted ecosystem that surrounds a smart city. Smart water meters can function in sync with several other technologies such as smart electric meters. The ability of municipal bodies to gather insights about water usage across a locality

shall play a vital role in driving demand within the market.

Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php? rep_id=32777&ltype=S About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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