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Global Smart Water
Meter Market Research Report 2022-2027
Author: Elena Anderson Marketing Manager
IMARC Group
© 2022 IMARC All Rights Reserved
Report Description About IMARC Group
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Report Description Report Description and Highlights
Smart Water Meter Market Outlook 2022-2027:
The latest report by IMARC Group, titled “Smart Water Meter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global smart water meter marketsize reached a value of US$ 6.31 Billion in 2021.
Smart water meters are devices that measure the quantity of water used in various residential, commercial, and industrial applications. They can be integrated with wired and wireless communication technologies, such as the internet, Wi-Fi, and LAN or wide area networks, to measure consumption data, primarily for the purposes of billing.
Smart water meters help to reduce non-revenue water (NRW) wastage, enhance accuracy in billing, and lower the carbon footprint of the users. Smart water meters enable the utility providers to automatically collect consumption data, improve efficiency, eliminate the need for manual meter readings, and provide a cost-effective option.
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Report Description Report Description and Highlights
Global Smart Water Meter Market Trends:
The market is primarily driven by the increasing population and rapid urbanization across the globe. The rising need for accuracy in water billing solutions in the residential sector is also fueling the growth of the market. Smart water meters have gained prominence in recent years owing to the rising focus on optimizing water consumption.
There is also a high demand for smart meters in the automobile, manufacturing, and construction industries. In addition to this, government and non-governmental organizations are implementing various initiatives and undertaking campaigns to save water. In line with this, market players are also investing in research and development (R&D) activities to introduce efficient remote sensing metering solutions. Furthermore, technological advancements have resulted in the development of metering systems designed with materials like thermoplastics, which allow enterprises to promote sustainability by recycling the devices.
Looking forward, the market is expected to grow at US$ 12.01 Billion by 2027, exhibiting a CAGR of 11.9% during the forecast period (2022-2027).
View Report TOC, Figures and Tables: https://www.imarcgroup.com/smart-water-meter-market
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Key Market Segmentation
The research report includes the following segments:
Breakup by Product:
• Electromagnetic Meter
• Ultrasonic Meter
• Electromechanical Meter
• Others
Breakup by Meter Type:
• Smart Hot-Water Meter
• Smart Cold-Water Meter
Breakup by Configuration Type:
• Automated Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)
Report Description Report Description and Highlights
Breakup by Component:
• Meters & Accessories
• IT Solutions
• Communication System
Breakup by Application:
• Water Utilities
• Commercial
• Industrial
• Residential
Report Description Report Description and Highlights
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. click here:
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Competitive Landscape:
• Badger Meter
• Kamstrup A/S
• Diehl Stiftung & Co. KG
• Landis+Gyr
• Aclara Technologies LLC (Hubbell Incorporated)
• Sensus (Xylem Inc.)
• Itron Inc.
• Zenner
• Neptune Technology Group (Roper Technologies)
Report Description Key Questions Answered in the Report
1. How has the global smart water meter market performed so far and how will it perform in the coming years?
2. What has been the impact of COVID-19 on the global smart water meter market?
3. What are the key regional markets?
4. What is the breakup of the market based on the product?
5. What is the breakup of the market based on the meter type?
6. What is the breakup of the market based on the configuration type?
7. What is the breakup of the market based on the component?
8. What is the breakup of the market based on the application?
9. What are the various stages in the value chain of the industry?
10. What are the key driving factors and challenges in the industry?
11. What is the structure of the global smart water meter market and who are the key players?
12. What is the degree of competition in the industry?
Report Description Table of Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study 2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation
2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology
3 Executive Summary 4 Introduction
4.1 Overview
4.2 Key Industry Trends
Report Description Table of Contents
5 Global Smart Water Meter Market
5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast
6 Market Breakup by Product
6.1 Electromagnetic Meter 6.1.1 Market Trends
6.1.2 Market Forecast 6.2 Ultrasonic Meter
6.2.1 Market Trends 6.2.2 Market Forecast
Click here to visit the complete table of content with list of figures and tables:
https://www.imarcgroup.com/smart-water-meter-market/toc
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Report Description Report Description and Highlights
© 2022 IMARC All Rights Reserved
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