Global Smart Water Management Market was valued at US$ 9.2Bn in 2019 and is expected to reach US$ 33.1Bn by 2027, at a CAGR of 17.36% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region
The major factors driving global smart water management market are technological advancement, change in regulatory compliances and raising awareness of sustainable use of energy resources. Implementation of these modern technologies such as smart monitoring which is the internet of things (IoT) based technology is used to analyze water treatment system and control water management on a real-time basis.
The increasing usage of supervisory control and data acquisition solution is another important factor that is driving the smart water management market globally. It allows quality decision making and reduces energy cost in pumping water through a distribution network. The major restraints of the smart water management market are costly initial investment requirement and a low rate of return. Furthermore, due to the lack of expertise and talent availability the market for smart water management is growing slowly. However, Smart water management is enabled to a tremendous opportunity related to water utilities to realize significant financial savings.
SCADA systems for water and wastewater utility segment expected to account for the highest revenue share in smart water management in 2017. Supervisory Control and Data Acquisition (SCADA) program are particularly designed to provide remote alert function, real-time historical database, alarm management, optimization and notification with open integration platform and powerful Human Machine Interface (HMI). Such characteristics of SCADA systems are expected to drive segment growth in the upcoming future.
North America is holding the largest market share of smart water management followed by Europe due to the adoption of advanced meter infrastructure technology by various organizations. Out of the many advanced technologies, AMI technology has a wide impact on service restoration and verifying power outage. The adoption of a SCADA solution is also impacting the smart water management market in a positive manner. North America includes industrialized countries like the United States and has a significant concentration of urban population.
Recent Development: In June 2018, Itron Inc. an innovator in energy metering technologies, launched Itron Intelis water meter, designed for utilities and cities to manage energy and water. Itron Intelis water meter is an ultrasonic solid-state solution that allows users to track flow usage patterns at the meter level, and also proposals advanced metering infrastructure (AMI).
In May 2016, IBM sets up the Intelligent Operations Center (IOC) to improve the efficiency of critical infrastructure and utilities. In this project smart water management heavily trusted on manual intelligence.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Smart Water Management Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Smart Water Management Market.
Scope of Global Smart Water Management Market
Global Smart Water Management Market, By Advanced Water Meters
• By Meter Type
o AMR Meters
o AMI Meters
• By Meter Read Technology
o Fixed Network
o Cellular Network
Global Smart Water Management Market, By Solution
• Enterprise asset management for water and wastewater utilities
• Network monitoring
• Advanced pressure management
• SCADA systems for water and wastewater utilities
• Advanced analytics
• Meter data management (MDM) for water
• Residential water efficiency
• Smart irrigation management systems
Global Smart Water Management Market, By Service
• Professional services
o Maintenance and support
o Deployment and integration
o Consulting services
• Managed services
Global Smart Water Management Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key Players operating in Global Smart Water Management Market
• ABB Group
• General Electric Company
• International Business Machines (IBM) Corporation
• Itron, Inc.
• Schneider Electric SE
• Arad Group
• Elster Group SE
• Sensus
• Siemens AG
• TaKaDu Ltd.
• Aclara Technologies LLC.
• Neptune Technology Group
• Global Water Resources
• Cambrian Innovation Inc.
• A.U.G. Signals Ltd.
The Global Smart Water Management Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on meter type, solution and service.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Smart Water Management Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/17068-smart-water-management-market-reportThe report also covers the complete competitive landscape of the global Smart Water Management market with company profiles of key players such as:ABB GroupAvea İletişim Hizmetleri A.Ş.General Electric CompanyHoneywell International Inc.International Business Machines (IBM) CorporationSchnidler Electric SETakaduTopcon CorporationTrimble Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Meter Type:AMRAMIFixed Network.Cellular NetworkBy Solution:SCADA SystemAdvanced Pressure ManagementAdvanced AnalyticsNetwork MonitoringSmart Irrigation Management SystemBy Service:Maintenance And SupportConsulting Services By Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Smart Water Management Market @ https://www.decisiondatabases.com/contact/download-sample-17068The Global Smart Water Management Market has been exhibited in detail in the following chapters –Chapter 1 Smart Water Management Market PrefaceChapter 2 Executive SummaryChapter 3 Smart Water Management Industry AnalysisChapter 4 Smart Water Management Market Value Chain AnalysisChapter 5 Smart Water Management Market Analysis By Meter TypeChapter 6 Smart Water Management Market Analysis By SolutionChapter 7 Smart Water Management Market Analysis By ServiceChapter 8 Smart Water Management Market Analysis By GeographyChapter 9 Competitive Landscape Of Smart Water Management CompaniesChapter 10 Company Profiles Of Smart Water Management IndustryPurchase the complete Global Smart Water Management Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-17068Other Reports by DecisionDatabases.com:Global Energy Management Systems Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Solar Panel Recycling Management Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Personal Identity Management Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
The latest study report titled as Global Smart Water Management market report is detailed analysis given by IMR Market Reports to offer a comprehensive study over the Smart Water Management Market with the help of Dynamics, development drivers, challenges, opportunities, threats, limitations, etc.
Prime purpose of the report is to help the client know the market through its segments, market potential, influential drivers and challenges faced during the analysis and preparation of the report.
Along with analysis tools such as, NOISE Analysis, SWOT analysis, Internal analysis, SOAR analysis, Porter’s five force and etc that are mainly used for studying limitations and opportunities, other pictorial presentations such as charts, diagrams and pie graphs are also included for easy interpretation of data.
The disease has now spread to almost every country throughout the globe leading it to be called as a huge challenge by World Health Organisation, but at the same extent it has brought some opportunities for the market players competing in the Smart Water Management market those opportunities are also mentioned in the report in extensive manner.
The data pertaining to leading market players and their strategic moves have been taken through blogs, press releases of companies, and primary calls to the industry experts.
The statistical study of the report highly focuses on specifications, cost, capacity, marketing channels, and market players other important studies like BCG matrix, VIRO framework, Value chain analysis, porter diamond model, PESTEL analysis, etc are discussed on top phase.
