Smart water system management is the important thing due to the increasing water scarcity and need for water conservation across the globe. Many governments and organizations across the globe are under immense pressure to meet the increase in demand of water. Global water regulatory bodies must understand the need of hour and proactively implement smart water technologies to manage water distribution channels, reduce maintenance cost, update their operations, and spread awareness regarding water conservation.
Rise in scarcity, climate volatility, quality issues, and increase in energy risks along with aging infrastructure is the key driving factor which is expected to boost the global smart water management market growth. Furthermore, increase in adoption of smart water management by manufacturing and chemical industries to reduce water wastage and for efficient use of their resources will positively contribute the market growth. The smart water management helps enterprises for identification network problem and enhances customer engagement in water conservation and prominently used to minimize non-revenue water losses due to damage infrastructure which is expected to propel the global smart water management market growth.
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However, lack of digitally skilled workforce is the major restraining factor which is expected to hinder the global smart water management market growth. Also, reduced shelf life of m=smart meters will affect the market growth during this analysis period.
Market Segmentation
Global Smart Water Management Market is segmented into services such as Value Management, Pipeline Condition Assessment, Hydrant Management, and Information Management, by solutions such as Network Monitoring, Enterprise Assess Management for Water & Wastewater Utilities, Advanced Pressure Management, Supervisory Control and Data Acquisition, Advance Analytics, Meter Data Management, Residential Water Efficiency, and Smart Irrigation Management Systems. Further, market is segmented into devices such as Advanced Water Meters, Mater Read Technology, and Cellular Network.
Also, Global Smart Water Management Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as ABB Ltd, IBM, HONEYWELL ELSTER, SIEMENS, ITRON, SCHNEIDER ELECTRIC, SUEZ, ORACLE, and SENSUS
Market Taxonomy
By Services
By Solution
By Device
By Region
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