The industry report “Smart Water Metering Market Size By Application (Residential, Commercial, Utility), By Technology (AMR, AMI), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, Italy, France, UK, Sweden, Portugal, China, Japan, South Korea, India, Australia, UAE, Saudi Arabia, South Africa, Lebanon, Egypt, Mexico, Brazil, Uruguay, Argentina), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024” by Global Market Insights, Inc. says Smart Water Metering Market size will surpass USD 14 billion by 2024.
Enhanced metering accuracy coupled with increasing demand for savings in billing is set to drive the global smart water metering market size. Operational cost optimisation will further augment the demand for these products and assist in conserving scarce resources at affordable prices. Rising demand for systems can be attributed to development of smart grid infrastructure coupled with expansion of water pipeline network.
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14 June 2017