Smart Water Meter Market Classified on the Basis of Product type and Technology.

Smart Water Meter Market is classified on the basis of product type, components, technology, end users, distribution channel and geography. A device designed in order to measure, monitor and communicate consumer’s water usage information to service suppliers is known as a smart water meter. Smart Water Meter Market is classified on the basis of product type as Pre-Payment Electricity Meter and Remote Transmitting Water- Meter. Based on components, the global market is segmented into manufacturers, installers, and data & network management firms. Smart Water Meter Market is classified on the basis of technology as AMR (automatic meter reading) and AMI (advanced metering infrastructure).

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The factors that propel the growth of the Smart Water Meter Market include ever increasing population, growing demand, and restructuring the water supply management. In addition, features such as detection of breakdown or leakage, efficient management of water resources, old infrastructure, and a need for precise billing. On the other hand, there are also factors that may hamper the growth of the market such as high investment and installation cost.

Based on end-user, the global market is segmented as residential, industrial, commercial and others. Based on distribution channel, the global market is segmented as specialty stores, online stores and others.

Smart Water Meter Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe,Asia Pacific, Japan and Middle East and Africa. The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and Africa region consists of GCC, South Africa and North Africa. 

In case of geographical region, North America is projected to account a major share of the Global Smart Water Meter Market. The key factors that impel the growth of the region is owed to technological innovations, strict regulations laid by the government and significant development of water infrastructures.

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Some of the key players that fuel the growth of the Smart Water Meter Market include Aquiba, Arad Technologies, Badger Meter, Chongqing Smart Water Meter, Datamatic, Elster, Hunan Changde Water Meter Manufacturing, Itron, Integrated Electronic Systems Lab, Johnson Valves, Kamstrup, Neptune Technology Group,Ningbo Water Meter, SenTec, Sensus, Sanchuan, Suntront, Shenzhen Huaxu, TakahataPrecison,Wasion Group and others.