Global Smart Water Metering Market TOC
Component (IT Solutions, Communications, Meters & Accessories)
Smart water metering market from the meter & accessories segment is estimated to generate a revenue of USD 12.76 billion by the end of 2033. This is impelled by the rising initiatives to install a higher number of smart water meters. For instance, in 2020, Anglian Water started the installation of 1.1 million smart water meters for businesses and homes as part of a five-year project by investing more than USD 200.6 million. Since, water consumption has increased by 10% with the significant pressure of a changing climate and fast-growing population in the driest region of the UK. In addition, the San Francisco Public Utilities Commission (SFPUC) installed identical automatic water meters in almost 96% of the city's 178,000 water customers. This meter transfer information related to water consumption and helps utilities use this data to bill users over a wireless network.
Product (AMR, AMI)
By the end of 2035, the AMI segment in the smart water metering market is anticipated to garner the largest revenue of USD 16.88 billion. The segment is further expected to grow at a CAGR of 11.44% during the forecast period. AMI meter data is sent through a fixed network to utilities. The utility can use the data to enhance operational efficiencies and sustainability by monitoring water usage effectively, detecting malfunctions, and recognizing irregularities. AMI can help utilities reduce nonrevenue water by allowing them to pinpoint leaks accurately and instances of potential theft. For instance, in the United States, the Environmental Protection Agency estimated that the average family wastes 180 gallons every week, or 9,400 gallons of water every year, from household leaks.
Our in-depth analysis of the global Smart Water Metering Market includes the following segments:
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Author Credits: Abhishek Verma, Hetal Singh
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