Smart Water Management Market 2019
Description: –
Global Smart Water Management market was estimated to amount to US $9.2 Bn in 2017 and is predicted to touch US $33.1 Bn by 2026. It is expected to grow at a CAGR of 17.36% at this time. The major factors boosting growth in this market are advancements in technology, changes in regulatory compliances, and increasing awareness about sustainably using energy resources. Implementation of cutting-edge technology like smart monitoring, which uses the Internet of Things based technology to control, manage and analyze the management of water in real-time. The increased use of data acquisition and supervisory solution has also aided the growth as it allows quality decision making and decreases the cost of pumping water.
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Key Players
IBM Corporation
ABB
Siemens AG
Hitachi Ltd
Arad Group
Elster Group SE
Sensus
Takadu
The major constraints in the smart water management market are the high cost of initial investments and the low rate of return. Also, due to dearth in expertise and availability of talent in this market, the market growth is slow. Having said that, the smart water management market is speculated to have great opportunities as far as water utilities are concerned which assures significant financial savings in the near future. Supervisory Control and Data Acquisition Systems (SCADA) are expected to drive market growth in the coming years.
To enhance profits and compete in the smart water management market , improve their brand value and image, companies opt for various business strategies. They either aquire their competitors to consolidate their position and enhance their market share, or they come up with new innovative technologies to improve efficiency.
Segmentation
The smart water management market can be segmented on the basis of devices, solutions, and servers. On the basis of devices used, the smart water management market can be divided into meter read technology, cellular networks, and advanced meters. The advanced meters segment is further classified into AMR and AMI meters. On the basis of solutions, the smart water management market is segmented into enterprise asset management for water utilities, network monitoring, SCADA, advanced analytics, mater data management (MDM) and advanced pressure management. On the basis of services, the market can be divided into valve management, hydrant management, pipeline condition management, and information management.
Regional Analysis
North America has the highest smart water management market share. Europe also is a key segment, and has the second-highest market share, owing to advanced meter infrastructure being increasingly adopted by various organizations. Both AMI technology and increased adoption of SCADA are boosting the market growth. Further, high rates of industrialization and urbanization in the Asia-Pacific region are expected to open avenues for new opportunities in that region. Other areas of interest are the Middle East and Africa
Latest news
More and more countries are adopting smart water management systems due to the rapidly increasing population and the resulting water shortage. For example, Myanmar successfully conducted ‘Leapfrogging Delta management’ earlier in 2019. By employing smart monitoring technology, they studied rainfall, river flows, and erosion. Mobile phones and specially developed apps were used in data collection. Another example is the City of Safford in Arizona, which was faced with acute water shortage and implemented AMI for sustainable use of their resources.
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Table of Contents – Major Key Points
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Smart Water Management Market, by Product Type
Chapter 5 Global Smart Water Management Market, by Solutions
Chapter 6 Global Smart Water Management Market, by Services
Chapter 7 Global Smart Water Management Market, by Region
Chapter 8 Competitive Intelligence
Continued….
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