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AMI Smart Water Meter Market Size
- Report ID: GMI10888
- Published Date: Aug 2024
- Report Format: PDF
AMI Smart Water Meter Market Size
AMI Smart Water Meter Market was valued at USD 1.3 billion in 2023 and is anticipated to grow at a CAGR of 32.9% from 2024 to 2032, due to the increasing demand for efficient water management, conservation, and reduced operational costs for utility companies. The integration of IoT and AI technologies in water meters allows for real-time monitoring, leak detection, and accurate billing, which is attracting widespread adoption globally.
Urbanization and growing concerns about water scarcity further propel the demand for smart water meters, particularly in regions facing acute water challenges. Governments and municipalities are implementing smart water solutions as part of their smart city initiatives, while rising environmental awareness and sustainability goals also contribute to the market's expansion. Additionally, advancements in communication technologies, such as LPWAN and 5G, enhance connectivity, making AMI smart water meters more reliable and efficient, further driving market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| AMI Smart Water Meter Market Size in 2023: | USD 1.3 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 32.9% |
| 2032 Value Projection: | USD 17.8 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 110 |
| Tables, Charts & Figures: | 15 |
| Segments covered: | Product, Applications |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
AMI Smart Water Meter Market Scope
