Smart Water Meter Market Expected to Reach US$ 76.9 Mn by 2026: Transparency Market
The global smart water meter market was valued at US$ 21.8 Mn in 2017 and is projected to register a compounded annual growth rate (CAGR) of over 13.42% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Smart Water Meter Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ The report suggests that rising adoption of smart water meters to reduce the non-water revenue, enhancing focus on development of the smart water meter infrastructure across the globe, and increasing development of LPWA (low power wide area) technologies that offer better coverage and network connectivity for smart water meters are likely to augment the demand for smart water meters from 2018 to 2026. Since key market players are introducing new smart water meters in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for a leading share of the global smart water meter mark...