openPR Logo
Press release

Smart Water Management Market may reach to $22.4 billion by 2026

12-08-2021 01:53 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Smart Water Management Market

Smart Water Management Market

According to a new market research report "Smart Water Management Market by Water Meter (AMR, AMI), Solution (Enterprise Asset Management, Network Management, Smart Irrigation), Service (Professional, Managed), End User (Commercial & Industrial, Residential), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the Smart Water Management Market size to grow from USD 13.8 Billion in 2021 to USD 22.4 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1265

The presence of various key players in the ecosystem has led to competitive and diverse market. The growth of the SWM market is expected to gain traction in the next five years, which can be attributed to factors, such as rapid urbanization generating enormous pressure on water utilities for quality and continuous water supply and related services; rapid adoption of advanced technologies for innovating smart solutions to cater to the growing water industry challenges; rising concern for sustainable living leading to the development of regulations and laws by governments across the globe to reduce water consumption; and developing water treatment solutions. Developed economies across the globe are facing a major challenge in the form of aging infrastructure, which generates a huge demand for its replacement with smart water infrastructure solutions, offering precise control over water resources through real-time data.

Browse in-depth TOC on "Smart Water Management Market”
283- Tables
48- Figures
258- Pages

The solution segment to record a larger market share during the forecast period

In Smart water management market by offering the solutions segment is expected to record a larger market share during the forecast period With technology becoming more advanced with time, water utilities are adopting smart solutions to integrate various business processes, accelerating them toward growth. Integrating various advanced technologies with the existing operations helps them increase the operational efficiency of the entire water network even with low infrastructure investment. These technologies and smart infrastructure are used to develop innovative solutions for customers in the smart water industry. During the forecast period, the adoption of smart solutions fare is expected to surge due to the rising awareness about the quality of water, scarcity of natural freshwater resources, rising consumer demands, and technological advancements.

Residential segment is expected to have higher growth rate during the forecast period

By end user the residential segment is expected to have the highest growth rate during the forecast period. The demand for freshwater in residential areas has shown unprecedented growth due to the world’s growing urban population, changing lifestyles, and eating habits leading to higher water consumption. The increase in water consumption is more pronounced in urban settings with high population density with the presence of production industries that contribute toward major water consumption. The rising demand for quality water services is expected to propel the demand for SWM solutions in residential areas. The solutions for SWM in residential areas are more focused on supplying quality water to the consumers, as water and sanitation access rates are higher in residential areas, leading to the rising demand for improved city planning and infrastructure with an efficient water supply and drainage system. In residential areas, the demand for quality water and improved sanitation services is rising due to concerns, such as poor health conditions resulting from contaminated water consumption.

Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1265

AMI Meters segment is expected to have a higher growth rate during the forecast period

By Watermeter Type, AMI meters is expected to have a higher growth rate. AMI is a network-based technology that uses two-way communication to communicate data from water meters to a remote metering master office, providing similar benefits to AMR systems. The AMI system comprises a head-end system that combines hardware and software to bring water utility data up to date. It also includes digital smart water meters. However, the fundamental communications network in AMI is bidirectional. AMI supports the collection of meter data more frequently than AMRs, where the data is utilized by the utility for billing, consumption, and usage analysis, and meter control, such as Meter Data Management MDM) and Master Client Index (MCI). In addition to these, AMI also offers water utilities the ability to turn on and off the services from one central location. AMI systems can tie together more utility departments, from engineering and operations departments to asset management and planning departments. AMI is an advanced and smarter system that has built-in tools for the enhancement of customer service and satisfaction. In the coming five years, AMI is set to replace legacy systems in residential, commercial, and industrial setups due to the increasing demand for advanced functionalities and technologies to analyze, store, and utilize a large amount of data.

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global Smart Water Management market during the forecast period. Factors responsible for the growth of the North American market are fast technology adoption, a large urban population with rising demands for quality services, and aging infrastructure, which is in serious need of replacement or upgrades. In North America, SWM solutions are being deployed at a rapid pace to address the effects of climate change, water usage patterns, and the management of new man-made contaminants. According to findings by the US Water Alliance, more than 1.6 million Americans face a shortage of running water, indoor plumbing, and wastewater treatment. Along with this, the most pressing issue in the region is the aging infrastructure, which has led cash-strapped water utilities to deploy smart water solutions due to acute water losses from a large number of pipeline leakages, bursts, and outage incidents.

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/smart-water-management-market-1265.html

The key and emerging market players in the Smart Water Management market include Siemens (Germany), IBM (US), ABB (Switzerland), Honeywell Elster (US), Schneider Electric (France), Itron (US), SUEZ (France), Oracle (US), Landis+Gyr (Switzerland), Trimble Water (US), HydroPoint (US), i2O Water (UK), Xenius (India), Neptune Technology (US), Takadu (Israel), Badger Meter (US), AquamatiX (UK), Fluid (US), Lishtot (Israel), Elentec (UK), Syrinix (UK), CityTaps (France), FREDsense (Canada), Fracta (US), and Xylem (US). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market shares in the global Smart Water Management.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/smart-water-management.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Water Management Market may reach to $22.4 billion by 2026 here

News-ID: 2490201 • Views: 121

More Releases from MarketsandMarkets™

Smart Space Market predicted to gain $15.3 billion by 2025
According to a new market research report "Smart Space Market by Component (Solutions and Services (professional & managed)), Application (Energy Optimization and Management, Emergency Management, & Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during
Transportation Management System (TMS) Market predicted to gain $17.8 billion by …
According to a new market research report "Transportation Management System (TMS) Market by Component (Solutions and Services), Transportation Mode (Roadways, Railways, Airways, and Maritime), Deployment Type (On-premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 7.7 billion in 2020 to USD 17.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.2% during
Cloud ITSM Market expected to gain $12.2 billion by 2025
According to a new market research report "Cloud ITSM Market by Components ( Solutions (Service Portfolio Management, Configuration & Change Management, Service Desk Software) And Services), Vertical (BFSI, IT & ITeS, Retail & Consumer Goods), Organization Size, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the Cloud ITSM market size expected to grow from USD 4.7 billion in 2020 to USD 12.2 billion by 2025, at a Compound
Facial Recognition Market predicted to gain $8.5 billion by 2025
According to a new market research report "Facial Recognition Market by Component (Software Tools (3D Facial Recognition) and Services), Application (Law Enforcement, Access Control, Emotion Recognition), Vertical (BFSI, Government and Defense, Automotive), and Region - Global Forecast to 2025" published by MarketsandMarkets™ , the post-COVID-19 Facial recognition market size expected to grow from USD 3.8 billion in 2020 to USD 8.5 billion by 2025, at a Compound Annual Growth Rate

All 5 Releases


More Releases for Water

water bikes market, global water bikes market, water bikes industry, water bike …
Prominent water bike manufacturers are focussing on product innovations for experience of the consumer and for that, strategic analysis, collaborations and mergers, joint acquisitions, product launched are done by these manufacturers for taking care of their leading positions in the water bikes industry. Key Developments in Water Bikes Industry In January 2020, World’s first hydro e-bike named as Hydrofoiler-XE1 by Manta 5 was launched. The bike doesn’t have wheels and instead it
Bailley Drinking Water – Healthy Water – Safe Water
-Although water covers 70% area of Earth and it is the most necessary element for the survival, yet it is not available in abundance for drinking. Thus, Bailley turns out to be supplying high quality drinking water across India since its launch in 1993. Bailley packaged water is bottled in 52 state-of-the-art plants across India. Targeting various category of consumers & occasions, Bailey Water Bottle is satisfying their needs. There
Global Mobile Water Treatment Systems Market Forecast 2018-2025 GE Water, Evoqua …
Recently added detailed market study "Global Mobile Water Treatment Systems Market" examines the performance of the Mobile Water Treatment Systems market 2018. It encloses an in-depth Research of the Mobile Water Treatment Systems market state and the competitive landscape globally. This report analyzes the potential of Mobile Water Treatment Systems market in the present and the future prospects from various angles in detail. The Global Mobile Water Treatment Systems Market 2018
Global Water Treatment Aerators Market 2018 -GE Water, Tonka Water, RWL Water, L …
Apex Market Reports, recently published a detailed market research study focused on the “Water Treatment Aerators Market” across the global, regional and country level. The report provides 360° analysis of “Water Treatment Aerators Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Water
Water Treatment Equipment Market
Water Treatment Equipment refers to the equipment used in the industrial water treatment. It includes Pre-treatment non-membrane, Pre-treatment membrane, ultrapure water, AD/EDI systems polishing, Inorganic WW treatment, Organic WW treatment, etc. The scope of the Report: This report focuses on the Water Treatment Equipment in the United States market, to split the market based on manufacturers, states, type and application. Sample Report Request: https://www.reportsandmarkets.com/sample-request/united-states-water-treatment-equipment-market-to-2022-1622845 Market Segment by Type, covers Pre-treatment non-membrane, Pre-treatment membrane, Ultrapure
Packaged Water in Brazil
ReportsWorldwide has announced the addition of a new report title Packaged Water in Brazil to its growing collection of premium market research reports. Packaged Water in Brazil industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource