Water Meter Market Fueled by Demand for Auto Detection Functionality to CurtailPosted by IndustryARC on May 24th, 2019 The global water meter market size was around .0 billion - .5 billion as of the end of 2018, according to a newly compiled business intelligence study from IndustryARC. The research report has projected the demand in the global water meter market to grow at a profitable CAGR of 10% - 15% during the forecast period 2019-2025. The report is titled: “Water Meter Market: By Type (Mechanical, Smart); By Application (Residential, Commercial, Industrial) & By Region (Europe, Asia-Pacific, North America, RoW) - Forecast (2019-2025).” The analyst of the report notes the demand for accurate billing with the detection of theft, reduction and saving on overall water consumption, ability to remote cut off supply in case of exceeded consumption, smart functionality, and need for tamper-proof meters as some of the factors poised to drive the water meter market. Browse 48 Market Tables, 176 Figures spread through 149 slides and an in-depth TOC “Water Meter Market (2019 - 2025)” Water Meter Market Segment Analysis:
Water Meter Market Product Analysis: Water is an essential element associated with everyone in the world on a daily basis. Now-a-days it has become compulsory to save and preserve energy resources for future generations. So it is everyone’s responsibility to safeguard the water by sustainable management that is through measuring the consumption of water. Water meter is an effective way to regulate the world’s water challenges. Water meter is used to measure the usage of water, in terms of gallons. It is majorly used to measure the water use at residential and commercial buildings when supplied from a public water supply system. Metering plays a vital role in a water distribution system to evaluate the performance of the network. These meters provide real time information to the water company’s regarding the leaks and irregularities involved at an early stage so that consumption data is accessible to consumers and enables to regulate their consumption. Displacement meters are highly recommended to measure higher liquid viscosities with more accuracy and incase of repeatable functionality as well. Water Meter Market – Latest Developments:
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