The gradual growth in the establishment of smart cities in the developing countries of Asia-Pacific such as China, India, Japan, etc., is anticipated to positively impact the growth of Global Smart Water Meter market as smart cities integrate various new technologies so as to boost the utility of various resources such as water, energy, and infrastructure. Under the ‘smart cities’ initiative, several cities are witnessing a boost in the deployment of smart meters. In 2019, the Chandigarh Smart City Limited (CSCL) issued a request for proposal (RFP) for the installation of 13,700 smart water meters in Chandigarh.
According to MarkNtel Advisors’ research report titled “Global Smart Water Meter Market Analysis, 2020”, the Smart Water Meter market is projected to register a CAGR of around 12% during 2020-25. The North America region captured the highest market share in the Global Smart Water Meter market in 2019. The growing water scarcity problems along with the increasing support by the government to encourage the installation of smart water meters has strongly contributed to the growth of the North America Smart Water Meter market.
Moreover, the industrial segment acquired a considerable market share in the Global Smart Water Meter market in 2019. The increasing water usage in industries such as automobiles, food & beverage, manufacturing, construction, etc., is projected to boost the requirement for smart water meters.
According to MarkNtel Advisors, the key players capturing a considerable market share in the Global Smart Water Meter market include Sensus, Neptune, Itron, Badger, Diehl, Honeywell Elster, Arad Group, etc. These companies are collaborating with other firms to gain a competitive edge in the industry.
Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Smart Water Meter Market?
2. What are the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Global Smart Water Meter Market?
4. Who are the key competitors or market players and how they perform in Global Smart Water Meter Market on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Smart Water Meter Market study?