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https://www.abnewswire.com - The smart water meters market is expected to reach USD 9.04 billion by 2030 from an estimated USD 4.61 billion in 2024, at a CAGR of 11.9% between 2024 and 2030.

The increasing urban population is opening up avenues for smart cities. In addition, several factors include NRW losses, including incorrect mechanical meters, manual meter reading, and unmetered consumption. Water loss mainly occurs due to leaks, theft, storage tank overflows, unauthorized usage, and the provision of free water to certain consumers. Governments and utilities across the globe are increasingly mandating advanced metering infrastructure as a strategic approach to sustainable water management, which is driving rapid adoption of smart water meters.