Smart Water Management Market – Rising Digitalization of Utilities sector Favoring the Development
Smart Water Management Market – Rising Digitalization of Utilities sector Favoring the Development
Published by TMR Research Insights
Posted on August 10, 2021
Smart water management is water management which changes customary water conveyance with new innovations. Various assembling firms and synthetic based organizations are executing smart water management to lessen water wastage and to utilize their energy proficiently. Smart water management alludes to the use of data and correspondence innovation to address water management challenges. Smart water management utilizes a wide scope of equipment and programming instruments, for example, – sensors, water meters, and programming examination. The arrangement can be utilized to distantly screen and control the water stream, supply, and its utilization across different hubs.
Governments from different countries all throughout the planet are approaching to execute smart water management arrangements at their metropolitan, local and public level for reasonable water management arrangements. The reception of a smart water management framework assists with acquiring straightforwardness and further developed control to the water inventory network and subsequently flooding its interest in the different water-denied areas. In any case, the shortfall of countless carefully talented labor force is the greatest limitation of the market. Interest for quality water management is expanding as need for water increments and it’s anything but an extraordinary failure. This is likewise the motivation behind why governments across the world are attempting to advance smart water management.
Set to grow at a magnificent rate (CAGR – Compound Annual Growth Rate) the global smart water management market is ready to reach a significant market valuation by the end of the forecast period – from 2019 to 2027. Some of the significant reasons behind the steady growth projected for the market over the stated period are growing demand for quality water services, and up-gradation of water related infrastructure. Besides, growing digitalization of the utilities sector is also supporting growth in the market. Additionally, it is worth noting here that the government regulations emerging in the market landscape are also favouring growth.
The global smart water management market is fragmented and with entry of new players, the competitive landscape is predicted to be more fragmented. Key names in the global smart water management market are:
ABB (Switzerland)
Arad Group (Israel)
AquamatiX (UK)
Badger Meter (US)
Honeywell Elster (US)
Huawei (China)
HydroPoint (US)
IBM (US)
i2O (UK)
Itron (US)
Oracle (US)
Landis+Gyr (Switzerland)
Sensus (US)
Schneider Electric (France)
Siemens (Germany)
Suez (France)
SenzIoT (India)
TaKaDu (Israel)
Trimble Water (US)
XENIUS (India)
Stuck in a neck-to-neck competition with other brands? Request a custom report on “Smart Water Management Market”
Global Smart Water Management Market: Key trends and driver
It is pertinent to note here that a plethora of trends and drivers are supporting growth in the global smart water management market. Some of these are outlined below:
Demand for quality water management is increasing as need for water increases and its availability hits a new low. This is also the reason why governments across the world are trying to promote smart water management.
In order to ensure water management is proper, need to improve existing infrastructure is high and this is leading to demand for smart water management, helping the market take a high growth trajectory.
Global Smart Water Management Market: Regional Analysis
The Asia Pacific region (APAC) holds a major chunk of the market share and the trend is set to roll into the forecast period, for which the market is assessed in the upcoming report of Transparency Market Research. Some of the factors underscoring this growth are a massive population marking the region, industrialization, and urbanization. Besides, owing to the massive consumer base, move towards any technology would have a notable impact on the global smart water management market. Information intensive technologies are already making in-roads into the region owing to adoption by countries such as Japan, India, and China. This helps them plug demand gaps in utilities sector. Thus, it is pertinent to mention here that the region will offer players operating in the global smart water management market with great opportunities.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Smart water management is water management which changes customary water conveyance with new innovations. Various assembling firms and synthetic based organizations are executing smart water management to lessen water wastage and to utilize their energy proficiently. Smart water management alludes to the use of data and correspondence innovation to address water management challenges. Smart water management utilizes a wide scope of equipment and programming instruments, for example, – sensors, water meters, and programming examination. The arrangement can be utilized to distantly screen and control the water stream, supply, and its utilization across different hubs.
Governments from different countries all throughout the planet are approaching to execute smart water management arrangements at their metropolitan, local and public level for reasonable water management arrangements. The reception of a smart water management framework assists with acquiring straightforwardness and further developed control to the water inventory network and subsequently flooding its interest in the different water-denied areas. In any case, the shortfall of countless carefully talented labor force is the greatest limitation of the market. Interest for quality water management is expanding as need for water increments and it’s anything but an extraordinary failure. This is likewise the motivation behind why governments across the world are attempting to advance smart water management.
Set to grow at a magnificent rate (CAGR – Compound Annual Growth Rate) the global smart water management market is ready to reach a significant market valuation by the end of the forecast period – from 2019 to 2027. Some of the significant reasons behind the steady growth projected for the market over the stated period are growing demand for quality water services, and up-gradation of water related infrastructure. Besides, growing digitalization of the utilities sector is also supporting growth in the market. Additionally, it is worth noting here that the government regulations emerging in the market landscape are also favouring growth.
The global smart water management market is fragmented and with entry of new players, the competitive landscape is predicted to be more fragmented. Key names in the global smart water management market are:
ABB (Switzerland)
Arad Group (Israel)
AquamatiX (UK)
Badger Meter (US)
Honeywell Elster (US)
Huawei (China)
HydroPoint (US)
IBM (US)
i2O (UK)
Itron (US)
Oracle (US)
Landis+Gyr (Switzerland)
Sensus (US)
Schneider Electric (France)
Siemens (Germany)
Suez (France)
SenzIoT (India)
TaKaDu (Israel)
Trimble Water (US)
XENIUS (India)
Stuck in a neck-to-neck competition with other brands? Request a custom report on “Smart Water Management Market”
Global Smart Water Management Market: Key trends and driver
It is pertinent to note here that a plethora of trends and drivers are supporting growth in the global smart water management market. Some of these are outlined below:
Demand for quality water management is increasing as need for water increases and its availability hits a new low. This is also the reason why governments across the world are trying to promote smart water management.
In order to ensure water management is proper, need to improve existing infrastructure is high and this is leading to demand for smart water management, helping the market take a high growth trajectory.
Global Smart Water Management Market: Regional Analysis
The Asia Pacific region (APAC) holds a major chunk of the market share and the trend is set to roll into the forecast period, for which the market is assessed in the upcoming report of Transparency Market Research. Some of the factors underscoring this growth are a massive population marking the region, industrialization, and urbanization. Besides, owing to the massive consumer base, move towards any technology would have a notable impact on the global smart water management market. Information intensive technologies are already making in-roads into the region owing to adoption by countries such as Japan, India, and China. This helps them plug demand gaps in utilities sector. Thus, it is pertinent to mention here that the region will offer players operating in the global smart water management market with great opportunities.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.