Smart Water Metering Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Smart Water Metering Market is segmented By Meter Type (Ultrasonic Meters, Smart Mechanical Meters, Electromagnetic Meters), By Technology (AMR, AMI),....
Smart Water Metering Market Size
Market Size in USD
CAGR11.7%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 11.7% |
| Market Concentration | Medium |
| Major Players | Apator S.A., Aclara Technologies LLC, Arad Group, BMETERS Srl, Badger Meter, Inc. |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Smart Water Metering Market Analysis
The smart water metering market is estimated to be valued at USD 4.68 Bn in 2024 and is expected to reach USD 10.15 Bn by 2031, growing at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031. Growth of the smart water metering market can be attributed to the implementation of smart metering systems across developed regions to detect leakages and monitor water usage.