New York, NY -- (SBWIRE) -- 10/15/2020 -- 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.

Furthermore, the report strives to offer an accurate analysis of the market pertaining to the impact of the COVID-19 pandemic on the Smart Water Meter industry and its key verticals. The COVID-19 crisis has dynamically altered the economic scenario of the world and given rise to certain disruptions in the operations of the Smart Water Meter market on the global as well as regional level. The report is updated with the latest impact of the COVID-19 pandemic, current and future outlook of the economic scenario, along with a present and future impact of the COVID-19 pandemic on the overall Smart Water Meter market.

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The report provides a comprehensive overview of the competitive landscape and provides an analysis of the key companies operating in the industry. The top players operating in the industry are Badger Meter, Kamstrup, Diehl, Landis+GYR, Aclara Technologies, Sensus, Itron, Datamatic, B Meters and Elster Group.

The Smart Water Meter industry is segmented into:

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

Regional Outlook of Smart Water Meter Market:

The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Smart Water Meter market is analyzed on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

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Competitive Landscape:

Competitive analysis of the Smart Water Meter industry offers key data regarding product portfolio, company overview, market concentration rate, pricing analysis, and other key elements. Additionally, it offers key insights into their strategic alliances such as mergers and acquisitions, joint ventures and collaborations, corporate and government deals, product launches, and brand promotions, and agreements, among others. It also provides details about their expansion tactics, the latest developments in products and technologies, production and manufacturing sites, and capacities, along with sales, revenue, returns, and financial standings.

In conclusion, the Smart Water Meter market report provides a granular assessment of the market through extensive segmentations along with analysis of supply chains, sales network and distribution network, and downstream buyers in the Smart Water Meter market.

Radical Features of the Smart Water Meter Market Report:

Valuable insights into the Smart Water Meter market to impart an in-depth understanding of the business verticle
An 8-year forecast estimation along with an analysis of key elements of the market
Technological advancements, regulatory framework, and recent developments covered in the report
Growth analysis and projections until 2027
Statistical analysis of the key players operating in the Smart Water Meter industry.

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