DUBLIN (March 6, 2017)—Analysis firm Research and Markets has announced the addition of the report “Global Smart Water Meter Market Size, Share, Development, Growth and Demand Forecast to 2025” to its offering. The global smart water market is expected to grow with double-digit compound annual growth rate (CAGR) during 2016-2025, according to the report. Several factors are driving the smart water meter market, including increasing accessibility of consumers and water utilities, minimization of non-revenue water, growing interest of water utilities toward installation of smart water meters, and government support. Non-revenue water (NRW) is usable water that is lost before reaching to the consumer. The losses can be in the form of leaks, thefts or metering inaccuracies. In developed countries, the NRW accounts for around 20 percent in the total water produced, but in developing countries around 50 percent of the total water produced is lost, according to the report. Smart water meters help in detecting the leakages in the water network, thus minimizing the loss of non-revenue water. The increasing amount of non-revenue water has been a major concern for government and water utilities, according to the report, which states that several governments have been encouraging the installation and use of smart meters in order to reduce the NRW. The benefits of smart water meter are propelling its demand across several regions. Middle East and Africa (MEA) is one of the regions that is expected to grow significantly during the forecast period, according to the report. The growing concern for water conservation, especially in the Middle East, is bolstering the demand of smart water meters during the forecast period. For more information about this report, visit www.researchandmarkets.com/research/dsrhqv/global_smart.
Mon, 03/06/2017 - 08:16