The Smart Water Meter market is expected to grow from US$ US$ 1,506.2 Mn in 2017 to US$ 3,832.0 Mn by 2025 at a CAGR of 12.4% between 2018 and 2025.

The majority of the world is facing an acute water scarcity pertaining to various factors such as illegal water tapping, pipeline tampering, and leakage. Other factors including rapid urbanization and aging infrastructure is also a key factor behind water scarcity. Water providers and water utilities are constantly adopting various technologies in order to supply adequate quantity of water to every area, along with reducing the operational costs, managing assets as well as supporting conservation. The population is growing at an exponential rate across the globe and owing to the growth rate, the demand for water is anticipated to grow certainly. With an objective to supply the required or demanded quantity of water, the water providers or utilities are upgrading their traditional water metering systems with new advanced technologies including automatic meter readers or advanced metering infrastructure.  The South America smart water meter market region is expected to witness a CAGR growth rate of 9.7% in the coming years.

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The world is facing a huge scarcity of water owing to practices such as illegal tapping, tampering of pipelines, and leakage among others. Owing to this, water scarcity is rapidly increasing in the current scenario and the issue is anticipated to increase in the near future. According to WWF (World Wildlife Fund), approximately 1.1 Bn people globally lack access to water, totaling to 2.7 Bn find water scarce. In addition to this, another major problem faced by various regions is the misuse of water which has significantly raised the demand for advanced solutions to maintain the consumption pattern from the source to destination. The substantial demand for an advanced solution has led to development and implementation of smart water meters, which are capable of monitoring the consumption pattern along with supervising and recording the leakage, theft and illegal tampering. The smart water meters are wired or wireless mechanisms, integrated with data management programs through which the user or operator are able to review/ check the consumption pattern. The technological advancements in the field of water conservation is a major progress to fight water scarcity. Subsequently, driving the growth for smart water meter market in the coming years.

Key Elements that the report acknowledges:
 
- Market size and growth rate during forecast period.
- Key factors driving the Smart Water Market.
- Key market trends cracking up the growth of the Smart Water Market.
- Challenges to market growth.
- Key vendors of Smart Water Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Smart Water Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.

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