Smart Water Management Market Insights:
The market research offers historical and forecasts market data, demand, segmentation, price trends, and company shares of the leading players. The report splits the market size, by volume and value, on the basis of offering, end-user, and geography. First, this report covers the present status and the future prospects of the market over the forecast period. And in this report, we analyze the global market from 4 geographies: Asia-Pacific, Europe, North America, and Rest of the World. At the same time, we have classified the Smart Water Management Market according to the offering, end-user, and by regions.
Competitive Landscape: The Smart Water Management Market report also scans the competitive landscape and profiles the major players operating in the market including Suez, ABB, IBM Corporation, Oracle Corporation, Elster Group GmbH (Honeywell), Sensus, Siemens AG, Itron, Landis+Gyr, Schneider Electric SE, and Arad Group.
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Smart Water Management Market drivers:
Some of the factors responsible for the growth of the global smart water management market include the increasing demand for sustainable water solutions, growing aging infrastructure that increases the need to replace that aging water infrastructure, and rising demand to get data in digital format across industries, particularly utilities. The growing population, followed by the rapid shift of people from rural to urban cities, are surging the demand for freshwater. Thereby, it further boosts the growth of the market as these systems save power consumption and analyse flow, pressure, and distribution of water. Furthermore, the rising implementation of Internet of Things (IoT)-based technology such as mobile technology, smart monitoring, and rising advancement in technologies that are used to analyze water treatment systems and control water management on a real-time basis will create various growth opportunities in the market.
The growing revenue loss due to leakage of water before reaching the customer is raising the need for smart water management to detect leakage, monitor, and regulate the information to associate authorities. The development of integrated mobile technology helps to monitor pumps remotely and identify any malfunction or leakages efficiently. The increasing number of smart cities globally has also fuelled the demand for smart water meter management to monitor water consumption. On the other hand, the short lifespan of smart meters and lack of a skilled workforce will hinder the growth of the market.
The study objectives of this report are:
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Smart Water Management Market Segmentation:
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