Press release
Smart Water Management Market 2021 Insights and Precise Outlook - ABB Ltd, IBM Corporation, GE Water & Process Technologies (Suez group)
Smart Water Management market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2021 to 2025 are profiled in this report.The smart water management market was valued at USD 13.54 billion in 2019 and is expected to reach USD 25.61 billion by 2025, recording a CAGR of over 13.18%, during the forecast period (2020 - 2025).
The Smart Water Management market is highly competitive and consists of a number of major players: ABB Ltd, IBM Corporation, GE Water & Process Technologies (Suez group), Honeywell International Inc, Schneider Electric (+ Aveva), Siemens AG, Utility Systems (Micro Mega Holdings Limited), Hitachi Ltd, Arad Metering Technologies, TaKaDu Limited, Sensus Inc. (Xylem Inc.), Itron Inc., i2O Water Ltd, Huawei Technologies Co. Ltd, Esri Geographic Information System Company
Company News :
- November 2018 - Utility Systems deployed smart prepaid meters for water conservation in South Africa aimed at sustainable water management systems.
- January 2018 - ABB partnered with TaKaDu, a cloud-based water management service provider to provide a smart water management solution to a Chinese city, Ho Chi Minh. The partnership will be in addition to ABB�s water business portfolio. The solution offered to the utility of Ho Chi Minh included ABB�s SCADA to monitor and control the water distribution system and TaKaDu�s Event Management Solution, to detect, analyze, and manage leaks, bursts, faulty assets, telemetry, and operational failures.
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Scope of the Report
Smart water management is a technology used for collecting, share and analyze data from water equipment and water networks. It is used by water managers to find leaks, lower energy usage, conserve water, predict equipment failure and ensure regulatory compliance.
Key Market Trends
Supervisory Control and Data Acquisition (SCADA) to Record a Huge Penetration
- The remote operability through a distributed network, reduced operational costs, increased water savings are the prime promoters of SCADA adoption.
- Moreover, by 2050 it is estimated that 70% of the population will live in urban areas and historical lack of investment in water management is putting the entire water networks in immense pressure. Owing to this, SCADA is being increasingly used in water control and management.
- Further, SCADA adoption is set to penetrate with the growth in smart cities and smart water projects worldwide. In Europe, 100 smart cities have a great scope for adoption of SCADA for solving the problems of water management. London had deployed SCADA for its Thames water management which saw a 13% decrease in water consumption.
- Additionally, from 2018 to 2024 the governments worldwide will invest in 14 billion USD smart water projects which is further expected to augment the market growth.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Smart Water Management Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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