Smart Water Management Market Major Keyplayers Analysis General Electric, ABB Group, Itron, Schneider Electric, International Business Machines (IBM) Corporation, Sensus, Elster Group Se and Siemens

The Global Smart Water Management Market is expected to register a CAGR of 20.5% over the forecast period (2017-2025) to reach US$ 46.65 billion by 2025. The major drivers that are responsible for the growth of smart water management market are the innovation in the technology of water management.

Technologies such as geographical information system (GIS), web-enable sensors and communication networks are used to obtain the information about the weather, soil moisture level, temperature and many other. Along with this smart metering technology helps business, water companies and individuals with information in real time about their own water use. This also helps to locate leakages, offering better control over water demand and creating awareness about the usage of water.

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On the basis of solution, SCADA Systems for Water and Wastewater Utilities segment held a dominant position in the global smart water management market. Supervisory Control and Data Acquisition (SCADA) for water and wastewater system is the emerging software technology which provides monitoring and distribution and collation and treatment facilities. Furthermore, it supervises the operations and manages the information generated throughout the water management process.

North America led the smart water management market and is expected to lead the market and valued at US$ 2.90 billion in 2016 and the region is projected to witness a CAGR of 19.3% in terms of revenue during the forecast period. Demand for sustainable energy management solutions such as Canadian Industry Program for Energy Conservation (CIPEC), which in involved in energy management capabilities in the companies, along with government regulations is the major reason promoting growth of smart water management market in North America.

Some of the major players in the smart water management market are General Electric, ABB Group, Itron, Schneider Electric, International Business Machines (IBM) Corporation, Sensus, Elster Group Se, and Siemens Ag.

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