Intelligent Water Meters Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. The factors that propel the growth of the Intelligent Water Meters Market include growing demand, ever increasing population, rapid urbanization & industrialization, rise in disposable income and product development & technological innovations.
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On the other hand, there are also factors that may hamper the growth of the market such as high cost associated with Intelligent Water Meters. Intelligent Water Meters Market is classified on the basis of product type, applications, end users, distribution channel and geography. Intelligent Water Meters Industry is segmented by product type as pre-payment electricity meters, remote transmitting water-meters and others.
Intelligent Water Meters Market is classified on applications as fire-fighting area, real estate agency, water supply companies, industrial and mining enterprises, school, and others. This market is categorized by end users as commercial, industrial, and residential. Intelligent Water Meters Industry is segmented by distribution channel as online stores, specialty stores and others.
Some of the key players that fuel the growth of the Intelligent Water Meters Market include Arad Technologies, Aquiba, Badger Meter, Chongqing Smart Water Meter, Datamatic, Elster, Itron, Johnson Valves, Kamstrup, Neptune Technology Group, Ningbo Water Meter, SenTec, Sensus, Sanchuan, Suntront, Takahata Precison, Wasion Group, Shenzhen Huaxu, and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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