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Smart Water Management Market To Surpass US$ 46.65 Billion, CAGR of 20.5% By 2026 | General Electric, ABB Group, Itron, Schneider Electric, International Business Machines (IBM) Corporation, Sensus, Elster Group Se, and Siemens
Smart Water Management
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Major players in the smart water management market shaping the industry are General Electric, ABB Group, Itron, Schneider Electric, International Business Machines (IBM) Corporation, Sensus, Elster Group Se, and Siemens Ag.
Supervisory Control and Data Acquisition (SCADA) dominated in the smart water management solutions segment. SCADA program is specifically designed to provide a real time historian data base, remote alerting functionality, alarm management, notification and optimization along with an open integration platform and a powerful HMI (Human Machine Interface). In open integration platform multiple SCADA systems, information can be organized and unified and HMI provides real time situation awareness, graphical visualization and alarm management on a centralized remote control room or on mobile devices such as smartphone or tablet.
North America led the smart water management market and is expected to exhibit a CAGR of 19.3% during the forecast period (2017-2025) to reach US$ 14.05 billion by 2025. Rising demand for sustainable energy solution along with stringent government regulations propelling the demand for smart water management market in the region. Safe Drinking Water Act (SDWA), Clean Water Act (CWA) and regulations on waste water discharge are forcing companies to examine their manufacturing processes. In addition to this, municipal and other facilities in the U.S. need to obtain permits under National Pollutant Discharge Elimination System (NPDES) permit program, if their discharge goes directly to surface water. Europe is the second largest market after North America in the smart water management due to healthy economy and advancement in technology. Asia Pacific is the fastest growing market in the smart water management due to development in smart city projects.
Europe is a second largest market for smart water management. Major driver propelling the growth in this region is the EU directives on energy end use and energy services on the implementation of smart metering. Along with the high adoption of the technology such as advancement in water mapping and weather forecasting technology such as geographical information system (GIS) and satellite communication system, helps in analyzing environmental problems, identifying fresh water resources and building models for water management. European Space Agency provides the web-based interface for accessing and searching the data, satellite imagery, remote sensing and application, and services.
Global Smart Water Management Market, By Solution:
-Advanced Analytics
-Advanced Pressure Management
-Network Monitoring
-Residential Water Efficiency
-Enterprise Asset Management for Water and Wastewater Utilities
-SCADA Systems for Water and Wastewater Utilities
-Smart Irrigation Management System
-Meter Data Management (MDM) of Water
Global Smart Water Management Market, By Service:
-Managed Services
-Professional Services
-Consulting services
-Maintenance and Support
-Deployment and Integration
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