News – PH – Global Water Meter Market Outlook and Upcoming Developments with Positive and Negative Effects of COVID 19 – FLA News

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Some of the key players in the Water Meter market are Arad Group, Badger Meter, Itron, and Kamstrup These players are increasingly focused on adopting different strategies to build hold on the Smart Water Meter market

Contracts, agreements, business expansion, and mergers and collaborations are some of the widely used strategies used by actors

For example, Kamstrup, a leading manufacturer of water metering solutions, announced the opening of its new manufacturing facility in the United States in 2018

In addition, Diehl, a major service provider, announced in 2018 that its products will be available on Microsoft Azure The company deals with several software for water meters The cloud technology will help them to offer a central platform for all energy data in this way they can make software access easier and less expensive for a number of manufacturers

According to a report by Transparency Market Research (TMR), the global water meter market is expected to reach a valuation of $ 6 billion by the end of 2027 The analysts recorded a valuation of USD 4.0 billion in 2018 The water meter market is expected to show a constant CAGR of 4.7% over the forecast period

Due to its geographic location, the Asia-Pacific region is expected to hold a large part of the world market share between 2019 and 2027, mainly due to the improvement in infrastructure and rapidly increasing industrialization and urbanization in the region, depending on the application, the market for Water meters divided into residential, commercial and industrial segments. Among these, the residential sector is likely to continue to lead in the forecast period. This is because the residents of the households are the main buyers of the market for water meters

The Water Meter Market Is Expected To Rise At A Healthy CAGR In The Coming Years Growing concerns about water management, the need to reduce operating costs, and the need to increase the number of consumers are some of the major drivers affecting the global Market for water meters is expected to boost in the coming years

In addition, the increasing integration of advanced technologies such as the Internet of Things and automation into water meters are other factors that are expected to offer several lucrative prospects to the growth of the water meter market, the accuracy of these devices and those that are controlled, monitored and controlled The transparent billing methods that these meters offer are increasing the demands of consumers

Furthermore, the players in the water meter market are increasingly integrating multiple advanced sensors and monitors into the water meter that provide additional data such as water speed, quality and water flow, which helps the industry players to efficiently manage the water throughout the operation of these factors the growth of the global water meter market at

In addition, ultrasonic meters have a longer lifespan and can transmit real-time data via the connectivity of the communication network The data is analyzed by meter data management systems or central monitoring software platforms

Despite several advances and growth in the water meter market, a recent World Water Development Report reported an average of 480 factors such as lack of financial infrastructure and government support in developing countries, with millions of people in Asia suffering from water scarcity

Even so, the water meter market is gaining immense popularity as it offers improved connectivity and expanded functionality over its traditional counterparts

Landis Gyr, Itron, Smart Meter, Industry, Forecast

News – PH – Business Outlook for Global Water Meter Market and Upcoming Developments with Positive and Negative Impacts of COVID 19 – FLA News

Source: https://www.flanewsonline.com/global-water-meter-market-business-prospects-and-forthcoming-developments-with-positive-and-negative-impact-of-covid-19/