The Smart Water Metering Market is projected to grow at a CAGR 8% during the forecast period 2021-2027
Non-revenue water conservation efforts are leading the smart meter market. On an estimated basis, the smart water metering market is expected to benefit the most from AMI segment growth. AMI is the latest meter technology that utilities are adopting in the water industry. AMI enables two-way communication between the meter and the user or provider. Therefor it becomes easier for users to keep track of their water consumption. With the use of this technology, it is simple to search for leaks. This has enabled the utilities to significantly reduce non-revenue water consumption. There are other benefits with AMI, like asset management, water management, and improved customer service. The utilities sector is expected to grow the fastest over the next several years. This part of the project is further subdivided into residential and commercial. It is expected to expand more than the commercial sector. smart city is primarily a result of the population growth, urbanization, and development There will be a rising demand for greater accuracy among residential customers, which will spur the growth of this market. It is expected that North America will account for the greatest market share due to government initiatives for reducing non-income water, meter reading, and development of smart infrastructure in the US and Canada. Urbanization and industrial development are also projected to drive the market expansion.
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Smart Water Metering Market report has been categorized as below
By Meter Type


Electromagnetic Meter
Ultrasonic Meter
Mechanical Meter
By Technology
AMR
AMI
By Component
Meters & Accessories
IT Solutions
Communications
By Application
Water Utilities
Industries
By Region
North America
Europe
Asia Pacific
Rest of World
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