According to a report from by Pike Research, the global market for smart water meters will see substantial growth in the next five yearss
While the report predicts strong growth for smart water meters, it does temper their forecast from 2010, which saw the market to reach nearly 32 million meters by 2016. The new report anticipates the worldwide installed base to reach 25.2 million in the same period.
Smart water meters are a wise choice for improving how water systems are managed and billed. However, there are significant financial and technical hurdles that will be impediments to progress and growth during the next several years. – Senior Analyst Neil Strother, Pike Research
Increased unit costs vs traditional meters, greater IT expertise, utility customer resistance are cited as impediments to faster adoption.
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