Smart Water Management Market Size – USD 7.34 Billion in 2020, Market Growth – at a CAGR of 12.6%, Market Trends – Increasing demand for smart water metering
The in-depth report on the Smart Water Management market, along with details on import/export, consumption and production rate, demand and supply dynamics, competitive landscape benchmarking, market share, and other key elements, strives to offer the reader a complete crystal clear understanding of the Smart Water Management business sphere.
Increasing adoption of smart metering to develop more efficient water management systems is expected to drive demand for smart water management solutions. Water companies are installing Advanced Metering Infrastructure (AMI) to improve hydraulic and energy efficiency. Rising need for leakage control and for monitoring illegal connections in terms of water volumes boost utilization of smart water metering.
Willingboro Municipal Utilities Authority entered into a partnership with Schneider Electric and signed off on an Energy Savings Improvement Program. The new project is expected to establish 13,000 AMI water meters to replace an old and ineffective manual meter reading system.
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The global smart water management market size is expected to reach USD 18.90 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research.
Interpretation prospect:
The Smart Water Management industry report also provides a comprehensive analysis of the key companies as well as new players emerging in the industry. The report discusses in detail the recent technological trends, business initiatives such as mergers and acquisitions, joint ventures, collaborations, etc., product portfolio and advancements, and different investment strategies adopted by the companies to cater to a global audience and gain a robust footing in the market.
Major players in the market include ABB, IBM, Honeywell Elster, Siemens, Itron, Schneider Electric, SUEZ, Oracle, Landis+Gyr, and SENSUS.
Pointer convenience of the Report:
Scope of Report:
Emergen Research has published a research report on global Smart Water Management market covering current market dynamics with market developments from 2021 to 2028. The report offers an in-depth analysis of historical and emerging trends in the market along with emerging trends, revenue growth, market size, drivers, restraints, challenges, limitations and opportunities The main aim of the report is to help the user, reader, investor understand the exact market scenario. The report offers details about leading regions, applications, types, end users, market value and volume along with business verticals.
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Topographical Inspection:
Regional analysis covers a comprehensive breakdown of the Smart Water Management market into key regions to offer better insights about production volume information, consumption volume and patterns, revenue, trends and demands, supply and demand dynamics, import/export, and presence of key players in each region along with revenue share, revenue growth, and CAGR.
An extensive scrutiny of the Global Smart Water Management market based on the key geographies of the world offers a strategic insight into the market size and market share of the industry. The key regions include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Overview of the TOC of the Report:
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Residential segment revenue is expected to expand at a rapid CAGR during the forecast period. The launch of advanced sensor-based IoT devices and software platforms, which help to reduce water consumption and manage water leaks in residential buildings by tracking real-time flow are expected to boost utilization of smart water management solutions.
The report offers a comprehensive overview of the global Smart Water Management market scenario pertaining to market value, volume, production and consumption rates, and market segmentation based on types, regions, and applications. The segmentation of the market is done on the basis of product types, application spectrum, and the key regions of the Smart Water Management market.
Offering Outlook (Revenue, USD Billion; 2018–2028)
· Service
1. Professional Services
2. Managed Services
· Water Meters
1. AMI Meters
2. AMR Meters
Solution
End-use Outlook (Revenue, USD Billion; 2018–2028)
The Smart Water Management Industry report also offers strategic recommendations to the new players entering the market and gives them insights into how to tackle the entry-level barriers. The recommendations for the established players allows them to fortify their position in the market.
Denouement of the report
The report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report is an all-inclusive document that covers the drivers, restraints, challenges, emerging trends, consumer patterns, pricing analysis, and market estimation.
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