Water metering is the process of measuring water consumption. Water metres monitor the amount of water used in residential and commercial buildings that are connected to a public water delivery system. They are also used to determine how much fluid is flowing through a particular section of the system. Water metres come in a variety of shapes and sizes, and they are classified according to flow measuring technique, end-user type, required flow rates, and accuracy requirements.
The global water meter market was valued for US$ 4,093.3 Mn in 2019 is expected to exhibit a CAGR of 5.0 % during the forecast period.
Wi-Fi connectivity is typically used for smart lights in pre-existing Wi-Fi equipped infrastructure. Furthermore, the penetration of IoT-based technologies in developing economies is lucrative in terms of future market opportunities. Furthermore, Bluetooth is used as a wireless connectivity technology in smart lighting infrastructure. This wireless technology connects devices and allows users to access them remotely. For example, Svarochi's smart LED bulb includes Bluetooth connectivity, allowing users to remotely control illumination, light hue, and other features.
Novel coronavirus has rapidly spread across various countries and regions, causing enormous impact on lives of people and overall community. Originating as a crisis to human health, it now poses significant threat to worldwide trade, economy, and finance. Due to continuous lockdown in key global countries, the COVID-19 pandemic has halted production of many items in the water meter business. The players in water meter market can afford a complete lockdown only for a limited period, after which they would have to alter their investment plans. Furthermore, number of COVID-19 cases are expected to reduce in the near term as vaccine for COVID-19 has been introduced in the market. After COVID-19 infection instances start to decline, equipment and machinery producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.
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