Smart Water Meter Market to be Worth US$ 76.9 Mn by 2026
Albany, NY -- (SBWIRE) -- 03/16/2019 -- The global smart water meter market is predicted to succeed in 81.52 million units, in terms of volume, by 2026. The market is projected to expand at a cagr of 13.42% from 2018 to 2026. according to the report, the worldwide market is predicted to still be influenced by a variety of factors within the near future, like rising penetration of good water meters, growing quality of IoT networks, rising development of the good town infrastructure, and increasing water deficiency problems across the world.
Asia pacific is calculable to still lead the worldwide market, with the market within the region increasing at a cagr of higher than 15 august 1945 throughout the forecast amount. outstanding economies in asia pacific like china, japan, india, australia, and republic of korea square measure adopting good water meters progressively.
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Smart water meters emit short radio waves that facilitate in taking meter readings from a far off location. Users square measure disturbed regarding the negative impact that these radiations will cause on the human health. moreover, there's a thought that smart water meters deployed on streets have an effect on kids still as adults, as these meters emit harmful radiations. However, in 2018, a study conducted by public health european nation, a government organization within the u.k. that takes care of public health, claimed that radio waves emitted by smart water meters are safe. Moreover, american cancer society, inc., a nationwide voluntary health organization, also declared that tho' smart water meters emit rf radiations, these radiations are of lower energy state than those emitted by smartphones and, hence, they're unlikely to cause cancer.
In terms of application, the smart water meter market has been divided into residential and commercial/industrial. smart water meters give accurate meter reading at regular intervals, without any need for manual collection of reading by standing close to the meter. this protects time and permits utilities to urge correct info regarding asking. moreover, once deployed in a very family or residential area, smart water meters facilitate sight any reasonably water discharge, as smart water meters have ability to notify water leakage by exploitation cellular networks. this enables utility firms to require a speedy action to avoid to any extent further water loss, particularly within the areas wherever water deficiency could be a important issue. to boot, thanks to increasing non-water revenue, utilities face important loss, as they're disbursal for the most part on police investigation water leaks. Hence, adoption of smart water meters is increasing across the world and governments across all countries together with the u.s., Germany, the u.k., India, and gcc square measure finance heavily in exchange older water meters with smart water meters.
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North america is predicted to carry a serious share of the worldwide market for smart water meter throughout the forecast period. Leading share of the region is primarily owing to sturdy presence of well-established players across the region, particularly within the prominent economy i.e. the u.s. Moreover, the u.s. Government is investing heavily in deploying innovative good water meters in situ of older water meters across the country. North america is home to many well-established players that manufacture smart water meters, including badger meter, inc., Sensus usa inc., and itron inc. furthermore, the region is witnessing high adoption of good water meters thanks to incessantly increasing government investments within the region. many makers within the region square measure specializing in enhancing the standard of their product and developing innovative product to capture a wide customer base. as an example, in gregorian calendar month 2018, itron inc. introduced associate in nursing innovative product known as itron intelis good meter at the awwa conference. Itron intelis good water meters provide further water management capabilities and advanced metering infrastructure (ami) through gen5 networks and itron's ability.