Smart Water Metering Market to hit the coveted 3-billion-dollar frontier by 2024

U.S. smart water metering market to record huge gains over the forecast timespan, high adoption across the residential sector to accelerate the regional growth .

Sellbyville, United States - July 21, 2019 /MarketersMedia/ —

Smart Water Metering Market is stringently controlled by a regulatory framework, owing to the norms enforced with regards to the conservation of water. As per the EC Directive 2000/60/EC, it is mandatory for respective nations to prioritize the prevention of water wastage and water conservation, especially in drought-ridden areas of the region. Technologically, smart water meters can be deployed based on two key technologies – automatic meter reading (AMR) and automatic meter infrastructure (AMI).

Sample copy of this research report @ https://www.gminsights.com/request-sample/detail/697

AMR-based smart water metering market is slated to accomplish quite some valuation by 2024, driven by the easy availability, affordable maintenance, and low installation costs that this technology is endowed with. Indeed, AMR has been massively deployed in smart electric meters as well, gradually stimulating global smart electric meter industry share.

With the digital revolution making headway in the water industry, smart water metering market is turning out to be the next opportunistic spot for potential investors. Changing demographics, water scarcity, and the substantial requirement of operational efficiency are demanding new business models in the water sector. Indeed, sustainable utilization of water has become an absolute need of the hour, quite conspicuous from the extensive initiatives undertaken worldwide with regards to water conservation. As per The United Nations World Water Development Report 2015, the world is forecast to face nearly 40% water deficit by 2030, under the business as usual climate scenario.

Smart water meters, in general, find massive applications across the commercial, residential, and utility sectors. Smart water metering market size from residential applications has been projected to cross the billion-dollar frontier by 2024. This commendable accomplishment can be credited to the increasing demand for precise water bills and the accurate formulation of unregulated spending on water resources. Indeed, smart meters also possess the ability to reduce non-revenue water & secure remote monitoring, further expanding the scope of smart water metering industry from the residential arena.

Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/697

Residential sector is one of the prominent terrains that has benefited the most from the increasing proliferation of AMI based smart meters. In fact, smart water meter market share from residential application is slated to cross billion-dollar frontier by 2024. The projected dominance of this particular business vertical can be majorly attributed to the increasing demand for accurate water bills and effective formulation of unregulated water spending. With the introduction of these meters, financial issues and pipeline leakages are better handled as they track real time water consumption and reduce water loss through NRW.

The United States is one of the most foremost growth grounds for smart water metering market. Incidentally, Glendale was the first city in the United States that set a benchmark for better utility management and responding to unexpected natural calamities such as droughts, by means of implementing smart meters to develop a smart grid network. The rising adoption of smart water meters will thus majorly drive U.S. smart water metering industry. Not to mention, the region has a strict regulatory frame of reference in place, which would serve to drive smart water meter market.

Not to mention, the regional players partaking in smart water meter industry are also approaching various tried and tested strategies to stronghold their business position. Product differentiation, price competitiveness, and effective distribution network are some of the major parameters on which these giants are focusing on. Inherently stimulated by a strong regulatory framework in tandem with appreciable initiatives undertaken by both governmental and private entities, smart water metering market size is slated to surpass USD 3 billion by 2024.

Browse key industry insights spread across 311 pages with 543 market data tables & 22 figures & charts from the report, “Smart Water Metering Market Size By Technology (AMR, AMI), By Application (Residential, Commercial, Utility), By Product (Smart Hot Water Meter, Smart Cold Water Meter), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Russia, Sweden, Italy, Denmark, Austria, Spain, Japan, China, South Korea, India, Australia, UAE, Saudi Arabia, Oman, Kuwait, Iran, Jordan, Egypt, South Africa, Nigeria, Mexico, Brazil, Uruguay, Argentina, Chile), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/smart-water-metering-market

Table of Contents (ToC) of the report:

Chapter 4 Smart Water Metering Market, By Application
4.1 Smart water metering market share by application, 2016 & 2024
4.2 Residential
4.2.1 Global market from residential, 2013 – 2024
4.2.2 Global market from residential, by region, 2013 – 2024
4.3 Commercial
4.3.1 Global market from commercial, 2013 – 2024
4.3.2 Global market from commercial, by region, 2013 – 2024
4.4 Utility
4.4.1 Global market from utility, 2013 – 2024
4.4.2 Global market from utility, by region, 2013 – 2024

Chapter 5 Smart Water Metering Market, By Technology
5.1 Smart water metering market share by technology, 2016 & 2024
5.2 AMI
5.2.1 Global market from AMI, 2013 – 2024
5.2.2 Global market from AMI, by region, 2013 – 2024
5.3 AMR
5.3.1 Global market from AMR, 2013 – 2024
5.3.2 Global market from AMR, by region, 2013 – 2024

Chapter 6 Smart Water Metering Market, By Product
6.1 Smart water metering market share by product, 2016 & 2024
6.2 Smart hot-water meter
6.2.1 Global market from smart hot-water meter, 2013 – 2024
6.2.2 Global market from smart hot-water meter, by region, 2013 – 2024
6.3 Smart cold-water meter
6.3.1 Global market from smart cold-water meter, 2013 – 2024
6.3.2 Global market from smart cold-water meter, by region, 2013 – 2024

Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/smart-water-metering-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/smart-water-metering-market

Source URL: https://marketersmedia.com/smart-water-metering-market-to-hit-the-coveted-3-billion-dollar-frontier-by-2024/88898979

Source: MarketersMedia

Release ID: 88898979

More News From Bajet Harian

Road tripping Thailand: Weekend getaways to beat the crowds

Jan 18, 2020

BANGKOK — Thailand's southern beaches lure travelers with their turquoise water and dramatic limestone cliffs, but there's more to explore in the Southeast Asian country that's one of the world's most popular destinations. For a Thai road less traveled, try one of these getaways outside Bangkok, far from the overly Instagrammed backpacker hotspots or the party scene of Phuket or Pattaya. ___ BAN KRUT FOR THE BEACH BUM In laid-back Ban Krut, travelers will find one of the cleanest and quietest stretches of white sand within driving distance of the capital, Bangkok. This sleepy seaside community, known mostly by locals,...

Stocks mixed, oil down as markets await news on Saudi plant

Jan 18, 2020

BANGKOK — World shares were mixed on Tuesday and oil prices eased back pending updates on restoring output at a Saudi Aramco oil processing plant damaged by an attack over the weekend. Chinese benchmarks led declines in Asia after the credit ratings agency Moody's downgraded Hong Kong, citing its recent political turmoil. Germany's DAX lost 0.2% to 12,362 after the ZEW index showed a drop in investor confidence in current economic conditions, pointing to the possibility of a brief recession, but sees a pick-up later in the year. The CAC 40 in Paris added 0.1% to 5,607 and the FTSE...

Thai high court affirms guilt of 2009 Pattaya rioters

Jan 18, 2020

BANGKOK — Thailand's Supreme Court on Wednesday affirmed the prison sentences of 12 members of the "Red Shirt" political movement convicted in connection with rioting that disrupted an important regional conference in 2009. The 12 had received four-year prison sentences for their actions on April 11, 2009, when supporters of former Prime Minister Thaksin Shinawatra seeking to force out a government of their opponents stormed a hotel in the resort city of Pattaya hosting the summit meeting of the Association of Southeast Asian Nations. The ASEAN leaders were forced to flee, some by helicopter, and the summit was postponed. The...

US priest who gave out gifts in Philippines accused of abuse

Jan 18, 2020

TALUSTUSAN, Philippines — The American priest's voice echoed over the phone line, his sharp Midwestern accent softened over the decades by a gentle Filipino lilt. On the other end, recording the call, was a young man battered by shame but anxious to get the priest to describe exactly what had happened in this little island village. "I should have known better than trying to just have a life," the priest said in the November 2018 call. "Happy days are gone. It's all over." But, the young man later told the Associated Press, those days were happy only for the priest....

US promotes free and open Indo-Pacific at naval exercise

Jan 18, 2020

SATTAHIP, Thailand — A senior U.S. naval officer underlined Washington's commitment to a free and open Indo-Pacific as the United States on Monday launched its first joint naval exercise with the Association of Southeast Asian Nations. Rear Adm. Kenneth Whitesell spoke at the opening ceremony of the ASEAN-U.S. Maritime Exercise at the Sattahip naval base in eastern Thailand. He said the multilateral exercise demonstrates the U.S. commitment to a free and open Indo-Pacific, which Washington has been promoting to counter China's increasing influence in Asia, including Beijing's territorial claims in the South China Sea. Several Southeast Asian countries contest the...