{"id":572752,"date":"2021-11-03T14:08:01","date_gmt":"2021-11-03T14:08:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=572752"},"modified":"2021-11-03T14:08:01","modified_gmt":"2021-11-03T14:08:01","slug":"smart-water-the-new-future-is-here-exclusive-report-by-mordor-intelligence","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/smart-water-the-new-future-is-here-exclusive-report-by-mordor-intelligence_572752.html","title":{"rendered":"Smart Water? The New Future is Here – Exclusive Report by Mordor Intelligence"},"content":{"rendered":"
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Significant initiatives to develop smart water systems are evident in the Asian areas, like Malaysia, Vietnam, and Thailand, among others, indicating the scope for the growth of the market. Japan, which has relatively lower non-revenue water (NRW) has been investing in water management infrastructure. With the aid of its Japan Water Research Center (JWRC), Japan has planned to achieve a 100% smart water meter rollout by 2025.<\/div>\n

Smart Water Management Market Overview<\/strong><\/p>\n

The global smart water management market is expected to register a CAGR of approximately 12.5% over the forecast period (2021 – 2026). The worldwide demand for water, as a result of the growing population, increasing urbanization, and the need to address the cost implications of maintaining an aging infrastructure, is among the major driving factors for the growth of the smart water management market. The growth of IoT, smart cities across various locations are expected to promote the growth of the market. Technological advancements related to smart meters and their integration with communication solutions (SCADA, GIS, etc.) have transformed water management systems to address the challenges faced by water utilities, residents, and industries erroneous billing and water management.<\/p>\n

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Smart Water Management Market – Geographical Overview<\/strong> <\/p>\n

The Asia Pacific region is expected to register the fastest growth<\/strong><\/p>\n

The region comprises countries with substantial non-revenue water (NRW) losses, like India (with almost 60% of revenue losses from the total water distributed) and Singapore. Such figures signify the need for water management and indicate the potential for market growth in the region. Significant initiatives to develop smart water systems are evident in Asian countries, like Malaysia, Vietnam, and Thailand, among others, indicating the scope for the growth of the market. The rising number of smart cities in the region is expected to create substantial business opportunities for smart water management solution providers.<\/p>\n

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