Water Meter Market to Reach $29.1 Billion, Globally, by 2030 at 4.1% CAGR: Allied Market Research
PORTLAND, Ore., Dec. 7, 2021 /PRNewswire/ -- Allied Market Research published a report, titled,"Water Meter Market by Product Type (Standard Water Meter, and Smart Water Meter), Distribution Channel (Online, and Offline), and End user (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 20212030".
- PORTLAND, Ore., Dec. 7, 2021 /PRNewswire/ -- Allied Market Research published a report, titled,"Water Meter Market by Product Type (Standard Water Meter, and Smart Water Meter), Distribution Channel (Online, and Offline), and End user (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 20212030".
- Increasing demand for water across the globe, need for efficient water management system, and rise in industrial sectors drive the growth of the global water meter market.
- On the other hand, technical advancements in water meter technology present new opportunities in the coming years.
- The outbreak of the Covid-19 pandemic led to global lockdown and temporary closure of manufacturing facilities, which hampered the growth of the global water meter market.