Due to several factors, the gap between the demand and supply of water has increased significantly. Such factors include climate change, increased demand due to population growth, droughts, and diminishing water reserves.
Recently launched in the market, the Smart Water Meters are able to identify and report the water consumption data at various levels. In fact, the popularity of Smart Energy Meters, climate change awareness and interest from the leading IT players (such as IBM) in promoting water management are driving this market.
TechNavio announces this week the launch of the report ˜Global Smart Water Meters Market 2008-2012. ™
According to TechNavio, the market for Smart Water Meters is forecast to reach $508.1 million in 2012 from $244.0 million in 2008; thus, growing at a CAGR of 20.1 percent over the forecast period.
What are the benefits of implementing Smart Water Meters? ˜It facilitates faster and more efficient meter reading, theft detection, leaks and remote monitoring for the provider,™ says a TechNavio expert.
For further information about this report concerning the future forecasts, trends, drivers and challenges, please visit: https://www.technavio.com/content/global-smart-water-meters-market-2008-2012
Global Smart Water Meters Market 2008-2012
