Smart Water Meter Market Share

Market Share for Smart Water Meter

The market is fragmented as there a wide variety of technologies available. Moreover, mechanical meters, which possess few smart features, are manufactured by a large number of regional and local companies. On the other hand, a select few major companies possess the technical and financial capability to manufacture ultrasonic and electromagnetic variants with cutting-edge features. Additionally, the connectivity protocols for smart appliances differ across countries, which allows many companies to flourish. Additionally, while utilities are in a position to integrate expensive meters manufactured by the major players, individuals usually prefer affordable models offered by regional companies.