Smart Water Metering Market by Type (Auto Meter Reading, Advanced Metering Infrastructure), by Application (Residential, Commercial, Industrial), by By Geography (North America, Europe, Asia-Pacific, Latin America, Middle East& Africa) Forecast 2024-2032
The Smart Water Metering Market size was valued at USD 1.38 USD Billion in 2023 and is projected to reach USD 4.53 USD Billion by 2032, exhibiting a CAGR of 18.5 % during the forecast period. Smart water meters cover the application of advanced technologies for real-time monitoring of water usage that, consequently, allow water resources to be used more efficiently. The smart water meters can be grouped into several classes, such as the ultrasonic, electromagnetic, and sensors on mechanical meters which have been installed for data collection. These meters have characteristics like remote monitoring, leakage detection, and data transmission to utility organizations through wireless technology. Smart water meters are applicable both in the case of the residential as well as industrial sectors, as they assist the consumers in tracking usage, detecting a leak and in adding to the ease of automated bill generation. Advantages are reduced water waste, guaranteed accurate billing and increased conservation efforts. Through giving water consumption surveys per time, intelligent water metering is seen as a very important element that is intended for handling the sustainable water management practices and guaranteeing the long-term scope of the water resource.
Type:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 18.5% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 18.5% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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