Smart Water Metering Market worth $14bn by 2024: Global Market Insights, Inc

“U.S. smart water metering market is forecast to exceed USD 3 billion by 2024 owing to increasing adoption of these systems in commercial and utility applications.”

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.

 

Source : https://globenewswire.com/news-release/2017/04/19/962043/0/en/Smart-Water-Metering-Market-worth-14bn-by-2024-Global-Market-Insights-Inc.html

SMART GRID Bulletin November 2017


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