According to the report published by Market Research Report Store, the Global market of Smart Water Meters is anticipated to reach 3.9 billion US$ in 2023 from the 2.2 billion US$ of 2017. The CAGR during this forecast period is expected to be 10%. The report provides insight into the Global market of Smart Water Meters.
Smart Water Metering is considered the new form of metering which can measure water use and can send the data to the desired trader. The report also covers major manufacturers of the market. The market is also segmented based on the type and use of Smart Water Meters.
The market is also segmented based on the region and the Asia Pacific has the highest market share which is followed by North America. The manufacturers of Smart Water Meters are concentrated on North America, Europe, and Asia due to high demand in these regions. The competition among different manufacturers is reducing the price gap between different brands. Smart Water Meters are the fastest growing trend in water trade.