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Smart water meters have seen a definite rise across all regions in the historical period of 2016-2020 and with increasing need for regulation of natural resources, there is also a rising demand for smart water meters. This has been especially seen in North America, where the awareness for water conservation and resource management has been high. As more and more governments continue to push for greener initiatives and smart cities, the popularity for smart water meters is going to rise. In the Asia Pacific region, where the population is growing, it is expected that the demand for smart water meters will be on the rise, especially in the residential sector.
Xylem Inc (NYSE: XYL) is a major player in the market which acquired Sensus, another corporation in the same field in the historical period 2016-2020 and has also invested in wastewater treatment process technology in Africa. Similarly, other companies in this market are also expected to rise in value and across different markets.
Market Analysis by Type, Water Type, Technology, Component, Application, and Region:
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The major players in the global smart water meter industry are Xylem Inc., Aichi Tokei Denki Co. Ltd., Kamstrup A/S, Diehl Stiftung & Co. KG, Hubbell Incorporated, and Landis+Gyr AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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