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The increasing awareness related to a diminishing of water reserves globally is demanding smart water management across various applications such as residential, commercial, industrial, and others. In recent times the growing adoption of internet of things (IoT), as well as artificial intelligence technologies, have overhauled the smart water management market. Furthermore, the emerging innovative solutions such as intelligent irrigation and network monitoring are anticipated to have the highest growth rate in the forecast period.
The sustainable use of energy resources and water conservation potential of smart irrigation systems are the major drivers for the growth of smart water management market. The increased awareness to protect natural resources and enhanced utility facility from enhancing potential are creating opportunities for the smart water management market in the coming years.
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Top Dominating Key Players:
1. ABB Ltd.
2. Arad Group
3. Evoqua Water Technologies
4. General Electric Company
5. Honeywell International Inc.
6. IBM Corporation
7. Itron, Inc.
8. Schneider Electric SE
10. Siemens AG
The global smart water management market is segmented on the meter types, meter read technology, services, and solutions. Based on meter types, the market is segmented into AMR water meters, AMI water meters. On the basis of meter read technology the market is bifurcated into fixed network, and cellular network. Based on services the market is segmented into professional and managed services. Similarly, on the basis of solutions the market is bifurcated into smart irrigation management systems, enterprise asset management (EAM) for water and wastewater utilities, SCADA systems for water and wastewater utilities, meter data management (MDM), and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Smart water management market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Smart water management market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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The report analyzes factors affecting smart water management market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis across various regions namely: North America, Asia-Pacific, Europe, Middle East and Africa, and South America.