According to a new market research report published by Transparency Market Research titled 'Smart Water Meter Market (Technology: Ultrasonic Meter, Electromagnetic Meter, Mechanical Meter [Rotary Piston, Single-jet, Multi-jet, Combination, Nutating Disk, and Woltman]; Application: Residential and Commercial/Industrial; and Meter Type: One-way Meter and Two-way Meter) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,' the global smart water meter market is expected to reach 81.52 million units, in terms of volume, by 2026. The market is projected to expand at a CAGR of 13.42% from 2018 to 2026. According to the report, the global market is expected to continue to be influenced by a range of factors in the near future, such as rising penetration of smart water meters, growing popularity of IoT networks, rising development of the smart city infrastructure, and increasing water scarcity issues across the globe. Asia Pacific is estimated to continue to lead the global market, with the market in the region expanding at a CAGR of above 15% during the forecast period. Prominent economies in Asia Pacific such as China, Japan, India, Australia, and South Korea are adopting smart water meters increasingly.