According to a new
study by Grand View Research, Inc., water management has emerged as a
significant priority for governments and water utilities, which is expected
to fuel the global smart water management market. Infrastructure
revitalization, growing population, fluctuating climate, and rise in water
shortage issues are also some of the key forces driving market growth. Although
water management and conservation practices are continuously evolving, the
aforementioned forces have spurred demand for smart technology solutions for
more efficient and sustainable water systems.
Technological advancements enable water utility operators to
proactively control and mange distribution systems and enhance efficiency,
which is expected to favourably impact the market. Proliferation of cloud-based
solutions to monitor distribution networks provides opportunities for market
growth. Concerns among water utilities regarding adoption of these solutions
may pose a challenge to the market. Low adoption of smart water management
systems by several water utilities owing to high investments is also expected
to hinder market growth.
Access Full Research Report on Global Smart Water
Management: http://www.grandviewresearch.com/industry-analysis/smart-water-management-swm-market
Further key findings from the study suggest:
- Devices
accounted for over 35% of the overall smart water management market, and
emerged as the most dominant segment in 2013. Solutions are expected to be
a high growth segment, which can be attributed to the development of
cloud-based solutions for efficient monitoring of distribution networks.
- Increasing
adoption of cellular network technology in Automatic Meter Reading (AMR)
is expected to drive market growth. The segment is also expected to grow
faster than the global average over the next few years.
- On
account of favourable government initiatives including incubation
facilities, financial incentives and demonstration sites, North America
was leading regional market in 2013. Increasing investments in the U.S.
water sector is expected to positively impact regional market growth over
the forecast period.
- Key
market participants include Schneider Electric, Sensus, General Electric,
IBM Corporation and ABB Ltd. Strategic partnerships due to high
investments and increasing competition are expected to be key growth
strategies over the next six years.
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From Same Category: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
For the purpose of
this study, Grand View Research has segmented the Global Smart Water Management
Market on the basis of component, technology and region:
Smart Water Management Component
Outlook (Revenue, USD Million, 2012 – 2020)
• Devices
• Solutions
• Services
Smart Water Management Technology Outlook (Revenue, USD Million, 2012 – 2020)
• Cellular Network
• Fixed Network
Smart Water Management Regional Outlook (Revenue, USD Million, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW
• Devices
• Solutions
• Services
Smart Water Management Technology Outlook (Revenue, USD Million, 2012 – 2020)
• Cellular Network
• Fixed Network
Smart Water Management Regional Outlook (Revenue, USD Million, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW
View Press Release on Global Smart
Water Management: http://www.grandviewresearch.com/press-release/global-smart-water-management-swm-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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