The global smart water meter market size stood at $6.96 billion in 2021, which is expected to reach $15.63 billion by 2030, advancing at a CAGR of 9.4% during 2021โ2030. This is primarily because utility companies are focusing on the reduction of non-revenue water, along with the surging consumption of water due to the growing population, and the aging infrastructure leading to its losses.
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