P&S Intelligence published a new research report, titled, “Smart Water Meter Market: Global Industry Analysis and Forecast till 2030, the market is developing with double digit owing to increasing demand for ideal utilization of water. The non-revenue water is one of the real difficulties for the water utilities as well as governments. The surging water emergency additionally lifts the interest for a reasonable arrangement towards water management. Water utilities are the real customers of smart water meter and it is expected to lead the market amid the gauge time frame.
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This is because of their requirement of channelizing the delivery modes of substantial measure of water. The government in different nations are taking activities to enhance water framework with the installation of smart water meters. Smart water meter market is expected to grow at 11.1% CAGR during 2016-2025. The demand for advanced metering infrastructure (AMI) has been developing at a steady pace and is expected to give further growth opportunity to the smart water meter industry.
The vast majority of this demand is expected to originate from water utilities as they have bigger spending plans when contrasted with industrial and residential sector consumers. The application of smart water meters incorporates water utilities, industrial and residential buyers. Water utilities give water to habitations and ventures and bear most of the loses acquired because of spillages, burglary or mistaken metering. This reason makes them the largest consumer of this market and they are expected to hold their strength during the forecast period owning to metering up gradation plans of several water utilities around the world.
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This market research report provides a comprehensive overview of the smart water meter market
- Historical and the present size of the smart water meter market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
