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Smart Water Meter Market Overview

A smart water metering system is a technology-enhanced platform that enables utilities to automatically collect water consumption data, increasing efficiency, eliminating manual meter reading, and reducing costs.In addition, smart water meter systems use wired and wireless communication technologies, such as Wi-Fi water meters, to connect to a local or wide area network, enabling convenient remote monitoring and infrastructure maintenance through leak detection.Furthermore, smart water meters can contribute to water bills, energy consumption and gas billing in the industrial, residential and commercial sectors.Smart electronic water meters are also equipped with water mapping solutions throughout the water company’s supply chain and provide reliable monitoring.
Smart water meters use the Internet of Things to measure water usage but cannot affect water usage patterns alone.Additionally, smart water meters are composed of materials such as thermoplastics that businesses can recycle to promote sustainability.Furthermore, the increasing demand for digitization of water industry operations presents an opportunity for market growth.
The market share of smart water meters is expected to grow significantly over the forecast period owing to increasing demand for accurate water billing solutions.In addition, the growth of utilities is focused on reducing non-revenue water, propelling the growth of the market.
The digitization of operations in the water industry is likely to provide lucrative opportunities for the growth of the smart water meter market during the forecast period.

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Post time: Jan-18-2022