Smart Water Meter - Market Research | Recent Trends And Growth Forecast 2027

 

Smart Water Meter Market

Global Smart Water Meter Market

The global Smart Water Meter Market was valued at USD 6.4 billion in 2019 and is projected to reach USD 10.9 billion by the year 2027, at a CAGR of 6.2%. Smart water meter is a technological device that uses the internet in order to measure consumption data for billing purposes. This system can be used for billing water, natural gas, and energy consumption in the residential, industrial, and commercial areas. A smart meter device comprises of a water meter, electric meter, and a control unit. It is used to reduce non-revenue water (NRW) wastage, obtain accuracy in billing, and reduce the carbon footprint. These systems have various applications in many areas due to the demand for data processing, measurement, and control.

The report offers the latest impact of the COVID-19 crisis on the industry verticals. COVID-19 began in 2019 and has since then affected every country of the world, with the WHO declaring it as a public health emergency. The pandemic has brought dynamic changes in the industry as it has affected the supply chain, demands, trends, and overall market scenario. The report offers an initial and future impact assessment of the pandemic on key segments of the industry and offers revenue information in the post-pandemic scenario.

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The report is an engaging document that provides vital statistical information about the market in terms of dales, revenue, market share, and market size with regards to product types, application spectrum, regional bifurcation, leading players, and technological advancements.

A comprehensive analysis of the competitive landscape is offered in the report along with a study of the company profiles, product portfolio, manufacturing and production capacity, technological developments, R&D advancements, and strategic initiatives of the prominent players of the industry. Prominent players operating in the industry and profiled in the report include Badger Meter, Kamstrup, Diehl, Landis+GYR, Aclara Technologies, Sensus, Itron, Datamatic, B Meters and Elster Group.

The Global Smart Water Meter Market is segmented as follows:

Type Outlook (Revenue, USD Million; 2017-2027)

Ultrasonic Meter, Electromagnetic Meter, Mechanical Meter

Meter Type Outlook (Revenue, USD Million; 2017-2027)

Automatic Meter Reading, Advanced Meter Infrastructure

Component Outlook (Revenue, USD Million; 2017-2027)

Meters and Accessories, IT Solutions, Communications

Product Outlook (Revenue, USD Million; 2017-2027)

Smart Hot-Water Meter, Smart Cold-Water Meter

Application Outlook (Revenue, USD Million; 2017-2027)

Residential, Commercial, Industrial

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The report provides an explicit analysis of the market with regards to growth driving factors, restraining factors, regulatory framework, threats and opportunities, financial hurdles to offer a thorough outlook of the market. The report also covers value chain analysis, market share, market size, CAGR, sales and revenue, import/export, the scope of the market, growth prospects, and other key factors. The report offers a regional analysis that covers key geographies such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report applies advanced analytical tools such as SWOT analysis, Porter’s Five Forces analysis, along with feasibility analysis and investment return analysis. It also offers strategic recommendations to new entrants as well as established companies about market barriers. It also offers insights into futuristic business opportunities, market scope, threats, and obstacles, to enable fruitful business decision-making process.

Furthermore, the report renders a complete analysis of the Smart Water Meter market that allows readers to formulate profitable and lucrative business strategies by offering insights into the competitive landscape, crucial market details, growth prospects, regional rules and regulations, and other key factors.

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