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Smart water metering market is projected to grow at CAGR of 10.3% during the forecast period. Efforts to reduce heavy water losses leading to water scarcity majorly contributed to this growth. The smart water metering will optimize, and help in strengthening, transmitting and monitoring the water data. The data gives an immediate access to the water consumption and hence driving the market for smart water metering.

A heat pump water heater offers an energy-efficient way to provide heating through aerothermal and geothermal technologies. Exhaust air, groundwater, and surface water (lake, river, or pond) are the other examples of commonly used heat sources.

The global water desalination equipment market is projected to reach USD 11.2 billion by 2026 from an estimated market size of USD 7.1 billion in 2021, at a CAGR of 9.5% during the forecast period.

The global progressing cavity pump market size is projected to reach USD 5.9 billion by 2026, at a CAGR of 6.0%, from an estimated USD 4.4 billion in 2021. The key drivers for the progressing cavity pump market include use of PCPs in enhanced oil recovery and upstream processes and Intensifying need for water & wastewater management in developed nations.