Diehl Stiftung & Co. KG entered into a strategic cooperation agreement with Abunayyan Holding for water meter market
The advent of smart water meters is driving the growth of the global water meter market. Increasing government programs and supplementary initiatives by key players is also fostering the growth of the market. For instance, under the Metering Programme started by Southern Water, Worthing, the U.K., around 450,000 water meters were installed within the Kent, Sussex, Hampshire, and Isle of Wight regions of the U.K. Installation of these water meters was concluded in the late. Rapid urbanization is another key factor driving the growth of the water meter market. According to the United Nations, in 2018, 55% of the world's population lives in urban areas, a proportion that is expected to increase to 68% by 2050. Furthermore, growing demand for replacement of new water meter is further anticipated to propel growth of the market. The growing trend of adopting plastic-based water meters and components is expected to uplift growth of the global water meter market . Also, rising awarenes...