Smart Water Meter Market By Reports And Data
                     Smart Water Meters Market To 
Reach USD 10.7 Billion By 2026
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       Market  Summary
Utilities Focus Toward Reducing Non-revenue Water (NRW) and 
Need for Smart Water Metering to Optimize the Consumption 
are key factors contributing to high CAGR during the forecast 
period.  
Market Size – USD 4.7 billion in 2018, Market Growth - CAGR of 
10.6%, Market Trends – Digitalization of the Industry Operations
According to the current analysis of Reports and Data, the 
Smart water meters market was valued at USD 4.7 billion in 
2018, and it is projected to reach USD 10.7 billion by the year 
2026, at a CAGR of 10.6%. The growth factors that are driving the 
global smart water meters market are the increasing demand for 
reconstruction of old infrastructures, the need for accurate 
billing process, and wastage reduction. The rising demand for the 
reduction in the overall costing, demand for an efficient & 
accurate operation in the residential, industrial, and commercial 
sectors, and reduction in greenhouse gas footprint, are also 
significant reasons for fuelling the growth of the global market. 
The checking of operations at the end user level and at the 
distributor end saves money, which in turn boosts the smart 
water meters market. The government utility bodies are 
adapting smart water meters technology in various regions to 
overcome problems in the near future, which is driving the 
global market.
            M  a Orkuetr  S Aumpmparroyach
The Smart Water Meters market has strengthened the global initiatives and growing measures that reduce 
the NRW for efficient resource utilization, that eventually drives this market. Besides, stringent 
government regulations that effectively monitor the distribution network along with a precise assessment 
of resource allocation boosts the market growth. The development of infrastructure that provides 
proactive services and sleeks the supply management also stimulates the industry outlook. Furthermore, 
ongoing technological advancement for the development of effective and precise metering technologies 
will drive the market, while fewer concerns pertaining to the scarcity and increasing of wastage of water 
will further restrain the industry landscape.
The increasing awareness about the smart management techniques along with rising investments for level 
production installation of meters is anticipated to fuel growth in the Asia Pacific region. Additionally, 
increasing government regulations to control the wastage, along with environmental protection initiatives, 
is also driving the demand in countries such as Japan and China. India, Japan, China and Singapore account 
for a dominant market share in the region owing to applications in end-use industries, rising foreign 
investments, and technological advancements. 
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       M   a r kOeut  Sru Ampmparyoach
Key participants include Badger Meter, Kamstrup, Diehl, Landis+Gyr, Aclara Technologies, Sensus, Itron, 
Datamatic, B Meters, and Elster Group, among others. 
For the purpose of this report, Reports and Data has segmented the Smart water meters market on the basis of 
type, meter type, technology, component, product, application, and region:
Type (Revenue, USD Billion; 2016–2026)
•Ultrasonic Meter
•Electromagnetic Meter
•Mechanical Meter
Meter Type (Revenue, USD Billion; 2016–2026)
•One-way Meter
•Two-way Meter
Technology (Revenue, USD Billion; 2016–2026)
•AMR
•AMI
       M   a r kOeut  Sru Ampmparyoach
Component (Revenue, USD Billion; 2016–2026)
•Meters & Accessories
•IT Solutions
•Communications
Product (Revenue, USD Billion; 2016–2026)
•Smart hot-water meter
•Smart cold-water meter
Regional Outlook (Revenue in USD Million; 2016–2026)
•North America
•Europe
•Asia Pacific
•Middle East & Africa
•Latin America
View press release for more information @ https://
www.globenewswire.com/news-release/2020/03/09/1997441/0/en/Smart-Water-Meters-Market-To-Reach
-USD-10-7-Billion-By-2026-Reports-and-Data.html
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   A  b  oOuutr U Aspproach
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