Smart Water Metering Market by Latest Trends, Growth and Opportunity Analysis to 2024

The smart water metering market to grow rapidly due to increasing administrative emphasis toward the development of high performance advanced systems. Growing measures toward effective mapping of water distribution coupled with regulatory regimes to limit non-revenue water loss will complement the Europe smart water metering industry.

U.S. smart water metering market is projected to expand over 6% by 2024. Ongoing water conservation reforms coupled with government funding toward installation of smart grid technologies will positively drive the product adoption. In 2013, the U.S. Department of Energy and the Smart Grid Investment Grant (SGIG) mutually sponsored the installation of smart grid infrastructure in the nation and provided a federal financial assistance of over USD 8 billion in 99 ventures.

Request for a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/697

Smart Water Metering Market is set to reach over USD 3 Billion by 2024.

Rising demand for effective management, monitoring, and utilization of water will fuel the smart water metering market. Global initiatives toward water conservation and measures to address water scarcity will further propel the business landscape. In 2015, the U.S. average water consumption has witnessed significant drop owing to growing water conservation concerns across various states in the country.

The commercial smart water metering market to grow rapidly due to ongoing technological advancement to develop effective and precise metering technologies. Rising concerns relating to reduction of water wastage and water scarcity will further facilitate the product adoption.

AMI smart water metering market is predicted to grow over 28% by 2024. The use of AMI systems is attributed to quick detection of water leakages, reduction in water wastage and improved water supply. These systems offer advanced capabilities in data analysis and operations.

Implementation of favorable government policies and rollout programs toward the adoption of intelligent systems will boost the smart water metering market. Initiatives focusing on effective water monitoring and conservation will further propel the industry landscape. For instance, the European Union in collaboration with the International Monetary Fund announced a mandatory rollout of smart water meters in Ireland.

Request for customization @ https://www.decresearch.com/roc/697

Notable players operating in the industry comprise of Landis+GYR, Badger Meter, Itron, Siemens, Arad Group, Schneider Electric, Sensus Sentec, Neptune, Kamstrup, Elster Group, Diehl Metering and Honeywell International.

Increasing measures toward water security and monitoring of Non-Revenue Water (NRW) will enhance the smart water metering market. Increasing urbanization, ageing distribution mains and rising energy cost will further provide a stimulus to the industry outlook. According to the World Bank, 32 billion cubic meters of treated water is lost through leakages in distribution network worldwide. An additional 16 billion cubic meters is supplied annually but not charged due to poor metering, inappropriate billing and thefts.

Related Reports: -

Europe District Cooling Pipeline Network Market: https://www.globenewswire.com/news-release/2018/05/14/1501401/0/en/District-Cooling-Pipeline-Network-Market-in-Europe-to-hit-1bn-by-2024-Global-Market-Insights-Inc.html

Hydronic Underfloor Heating Market: https://www.globenewswire.com/news-release/2017/08/17/1086980/0/en/Hydronic-Underfloor-Heating-Market-worth-over-5bn-by-2024-Global-Market-Insights-Inc.html