This Smart Water Meter Market report gives research about market size, CAGR values, profiles of key companies, and different game plans used by Smart Water Meter stakeholders to make vital business decisions.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The Report 2020 covers every detail about industry trends, drivers, and obstacles with respect to the “Smart Water Meter Market”. Smart Water Meter Market research identifies that the competition continues to intensify year-on-year with emerging applications and wide product portfolio. This report covers the 2019 scenario and growth prospects of the Smart Water Meter market for 2019-2023. To calculate the market size, revenue from the market sales of Smart Water Meter products to retailers, wholesalers, and institutional buyers is considered.
Smart Water Meter market offers the largest share of 9.67% in 2018 and projected to grow at compound annual growth rate (CAGR) of over 12% during forecast period 2019-2023.
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Smart Water Meter Market Summary: Our smart water meter market analysis considers sales from both advanced metering infrastructure (AMI) and advanced meter reading (AMR) technologies. Our analysis also considers the sales of smart water meter in the Americas EMEA and APAC. In 2018, the AMI segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as technological advancements over AMR systems, changing needs of water utilities, and product and cost benefits of using AMI water management systems along with electricity and gas services will play a significant role in the AMI segment to maintain its market position. Also, our global smart water meter market report also looks at factors such as rise in global water demand, benefits of using smart water meters, favorable government support. However, high capital and operational costs, infrastructural and standardization challenges, lack of awareness may hamper the growth of the smart water meter industry over the forecast period.
Market Driver: benefits of using smart water metersMarket Trend: development of smart citiesMarket Challenge: lack of awareness.Benefits of using smart water metersIn a water-constrained environment, non-revenue water management through smart water meters is cost-effective compared with supply augmentation. Smart water meter programs provide automatic leak detection, thereby reducing water wastage by consumers. The benefits of using smart water meters can effectively help water utilities to manage water consumption and conserve water resources, which has become the need of the hour with rising water consumption. Thus, the benefits of using smart water meter are expected to boost the growth of the market registering a CAGR of over 12% during the forecast period.Development of smart citiesA smart city makes use of digital technology for improving the performance of various resources. such as water, energy. and infrastructure. to enhance the overall productivity and well-being of the city. Chandigarh Smart City issued a request for a proposal to install 13,700 smart water meters in the households in Chandigarh, India. Similarly, proposals for installing smart water meters in various smart cities undergoing an infrastructure renovation have been put forth. This development is expected to have a positive impact on the overall market growth.
The report disclosed theKey PlayersProfiles with data includes company details and competitors, Smart Water Meter models and performance, business SWOT analysis and forecast, sales volume revenue price cost and gross margin:
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All regional government is encouraging investments in Smart Water Meter market to promote effective strategies and vital source of economic development. Emphasis is given for practices, prescriptive recommendations, data-based strategies, and other precision applications. The report also includes the regional analysis of the Smart Water Meter market, comprising of the market by value and spending per capita of the following regions:
APAC, EMEA, and the Americas
Smart Water Meter Market Report studies the Industry Chain and Supply Chain which includes R and D, raw material, manufacturing plants, offline and online sales channel, end user analysis and marketing strategies for market growth. Gives guidelines on development trends and Forecast.
Following key points gives overall report analysis:
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In the end, the Smart Water Meter Market feasibility of new investment plan is evaluated, and wide Smart Water Meter research conclusions are offered in the report. Smart Water Meter Market report delivers major statistics, list of Figures, Tables, Charts which is the detail source of data for guidance and understanding of Smart Water Meter Industry.
TOC of Smart Water Meter Market ReportPART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT2.1 Preface2.2 Preface2.3 Currency conversion rates for US$PART 03: MARKET LANDSCAPEMarket ecosystemMarket characteristicsMarket segmentation analysisPART 04: MARKET SIZINGMarket definitionMarket sizing 2018Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSISBargaining power of buyersBargaining power of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket conditionPART 06: MARKET SEGMENTATION BY TECHNOLOGYMarket segmentation by technologyComparison by technologyAMI – Market size and forecast 2018-2023AMR – Market size and forecast 2018-2023Market opportunity by technologyPART 07: CUSTOMER LANDSCAPEPART 08: GEOGRAPHIC LANDSCAPEGeographic segmentationGeographic comparisonAmericas – Market size and forecast 2018-2023EMEA – Market size and forecast 2018-2023APAC – Market size and forecast 2018-2023Key leading countriesMarket opportunityPART 09: MARKET SEGMENTATION BY END-USERMarket segmentation by end-userComparison by end-userResidential – Market size and forecast 2018-2023Commercial and industrial – Market size and forecast 2018-2023Market opportunity by end-userPART 10: DECISION FRAMEWORKPART 11: DRIVERS AND CHALLENGESMarket driversMarket challengesPART 12: MARKET TRENDSDevelopment of pay-as-you-go servicesRise in adoption of digital technologies for smart water managementDevelopment of smart citiesPART 13: VENDOR LANDSCAPEOverviewLandscape disruption
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