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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.
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Smart Water Meter Market To Reach USD 10.9 billion By 2027 www.reportsanddata.com
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. Read More : https://www.reportsanddata.com/report-detail/smart-water-meters-market www.reportsanddata.com
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 www.reportsanddata.com
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