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AMI Water Meter Market Size
- Report ID: GMI5944
- Published Date: Jun 2023
- Report Format: PDF
AMI Water Meter Market Size
AMI Water Meter Market size reached USD 974.5 million in 2022 and is anticipated to register over 29.7% CAGR from 2023 to 2032. AMI water meter is gaining prominence in the water industry owing to their advanced features and capabilities. Growing focus on water conservation and efficient water management coupled with integration of advanced technology systems including IoT technology and allowing seamless connectivity and remote monitoring will propel the industry landscape.
Ongoing government regulations and mandates promoting water conservation and efficient resource management are the key initiatives which is driving the adoption of AMI water meters. These meters provide real-time data on water consumption, leak detection, and usage patterns, enabling utilities and consumers to make informed decisions about water conservation. Moreover, the abundance of data collected from AMI water meters provides valuable insights into water consumption patterns, peak demand periods, and potential leaks. Growing integration of various technology including data analytics, IoT, and customer engagement will complement the adoption of smart meter management.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| AMI Water Meter Market Size in 2022: | USD 0.97 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 29.7% |
| 2032 Value Projection: | USD 13 Billion |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 450 |
| Tables, Charts & Figures: | 479 |
| Segments covered: | Product, Application, and Region |
| Growth Drivers: |
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AMI Water Meter Market Scope
