Press release
Smart Water Management Market growth including top key players like ABB Group, General Electric, IBM Corporation, Itron , Schneider Electric
The Smart Water Management Market size is estimated to grow from USD 8.46 billion in 2016 to USD 20.10 billion by 2021, at a CAGR of +18%Smart water management is a way to collect, share and analyze data from water equipment and water networks. It is used by water managers to find leaks, lower energy use, predict equipment failure, and ensure regulatory compliance.
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Top key Vendors
ABB Group , General Electric , IBM Corporation , Itron , Schneider Electric , Arad Group , Elster Group , Sensus, Siemens AG , Takadu
The size of the Smart Water Management Market is driven by the lack of water resources and the growing need to conserve water worldwide. Due to population growth and rapid urbanization, water supply has reached its limit. Water infrastructure, such as pipes, is also deteriorating. This creates the need for new technologies and methods that enable the distribution of water in a cost-effective manner. Therefore, governments are introducing a market system to reduce waste and minimize maintenance costs.
A report on the Smart Water Management Market argues that this industry has been the most profitable space over the next few years and the highest growth rate during the forecast period. This report, which assesses a thorough overview of this business area, includes not only the current value appraisal in the industry, segmentation and geographic expansion of this market, but also opportunities for industry growth.
The purpose of this report is to provide insight into the global Smart Water Management Market, current and anticipated trends, and perform in-depth analysis of market potential. This report analyzes opportunities in developed and emerging economies to help companies make strategic decisions and gain competitive advantage. Key trends driving this market are aging water infrastructure, compliance, and stringent environmental standards.
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Smart Water Management Market Segmentation
Segmentation by Product Type:
• AMR Meters
• AMI Meters
Segmentation by Application:
• Residential Use
• Commercial Use
• Industrial Use
Major Factors about the Report:
•Global Smart Water Management Market Overview
•Economic Impact on Market
•Market Competition
•Global Smart Water Management Market Analysis by Application
•Industrial Chain, Sourcing Strategy and Downstream Buyers
•Marketing Strategy Analysis, Distributors/Traders
•Global Market Effect, Factors, Analysis
•Global Market Forecast
Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2025, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2025
- Market opportunities and recommendations for new investments
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