According to SPER Market Research, the Europe Smart Water Meter Market is a device that measures how much water is used in a building or house and provides the user and the utility company with real-time data. Unlike conventional water meters that require manual readings, smart water meters automatically transmit data using wireless technology.
Furthermore, the pandemic’s economic downturn has resulted in budget cuts in many municipalities, reducing the funds available for the introduction of smart water metering programmers. As a consequence, some projects have been postponed or cancelled.
Europe Smart Water Meter Market Overview:
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
A smart water meter is a gadget that records how much water is used in a home or a business and gives the user and the utility company real-time data. Smart water meters use wireless technology to transmit data automatically, unlike conventional water meters that require manual readings.
Impact of COVID-19 on the Europe Smart Water Meter Market
The COVID-19 pandemic had a significant effect on the European smart water meter market. As a consequence of the pandemic, the market has seen both positive and negative effects. One of the good effects of the pandemic has been an increase in demand for contactless solutions, which has led to an increase in demand for smart water meters. This is due to the fact that smart water metres can be read online, eliminating the need for a technician to physically visit the metre. As a consequence, sales of smart water meters in Europe have increased.
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Europe Smart Water Meter Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
Europe Smart Water Meter Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Badger Meter Inc, Landis+Gyr AG, Sensus ( a Xylem Brand), WATERTECH S.p.A, Zenner International GmbH & Co. KG, Others.
Europe Smart Water Meter Market Segmentation:
By Meter Type: Based on the Meter Type, Europe Smart Water Meter Market is segmented as; Electromagnetic Meter, Ultrasonic Meter, Mechanical Meter.
By Technology: Based on the Technology, Europe Smart Water Meter Market is segmented as; AMR, AMI.
By End Use: Based on the End Use, Europe Smart Water Meter Market is segmented as; Residential, Commercial, Industrial.
By Region: This report also provides the data for key regional segments of United Kingdom, Germany, France, Italy, Others.
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