Global Smart Water Meter market analysis major competitor and strategies regional outlook 2020 to 2027
                     Smart Water Meter Market To 
Reach USD 10.9 billion By 
2027
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Market Summary
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.
Key participants include Badger Meter, Kamstrup, Diehl, Landis+GYR, Aclara Technologies, 
Sensus, Itron, Datamatic, B Meters and Elster Group.
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Market Summary
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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