Smart water management is the next big thing due to the rising water scarcity and need for water conservation around the world. Various organizations and governments across the globe are under immense pressure to meet the increasing demand of water. Worldwide water regulatory bodies must understand the need of the hour and proactively implement smart water technologies to efficiently manage their distribution channels, update their operations, reduce maintenance cost, spread awareness among customers about water conservation and reduce non revenue water losses occurring due to thefts and water leakage. Based on the background of such requirements, the demand for Smart water management is expected to surge and the market for the same is projected to grow at a promising CAGR from 2013 to 2020. The aim of this report is to provide an insight on the global smart water management market, current and projected trends, and to carry out an in-depth analysis of the market potential. This report analyzes opportunities in the developed and emerging economies so that companies can make strategic decisions and gain competitive edge. The major trends driving this market are aging water infrastructure, regulatory compliances, implementation of stringent environmental standards, etc. The rapid growth in urbanization and industrialization taking place in the Asia-Pacific region is expected to open up new opportunities for the existing and new participants. The industry is very competitive due to the presence of some dominant smart water management device manufacturers and service providers in the market. Some of those key players are IBM, Siemens, Schnieder, GE, ABB, Nalco, TaKaDu, i2O water and others. To battle with this competition and to enhance their profit, market share and image, companies are opting for various business strategies. For instance, Nalco an Ecolab company acquired Champion technologies, one of its competitors, in order to expand its market share, product offerings and services in water, hygiene and energy technologies.
The segments covered in this report include market analysis by devices, by solution, by services and by geography. Based on devices used for smart water management, the market is segmented into advanced water meters, meter read technology and cellular network. Advanced water meters are further segmented into AMR water meters and AMI water meters. The sub segments covered under solutions include enterprise asset management for water & wastewater utilities, network monitoring, advanced pressure management, supervisory control & data acquisition (SCADA systems), advanced analytics, meter data management (MDM), residential water efficiency and smart irrigation management systems. Based on services, the market is segmented into valve management, pipeline condition assessment, hydrant management and information management. The global smart water management market by geography is segmented into North America, Asia-Pacific, Europe and Latin America, Middle East & Africa (LAMEA).
KEY MARKET SEGMENTS
MARKET BY SERVICES
MARKET BY SOLUTIONS
MARKET BY DEVICES
MARKET BY Geography
SIMILAR MARKET STUDIES
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