Latin America Smart Water Management Market Sluggish Growth Rate Foreseen by 2019-2025

Latin America is expected to grow owing to need for conservation of water resources. Water utilizes and water regulatory authorities across the globe need to proactively adopt smart technology solutions to streamline their operations. In the Latin America, most of the south west region has been witnessing water scarcity owing to dry desserts. The Latin America market has been featured by enormous variations in the economic, social and political structures for private investments. Developing economies such as Brazil, Argentina, Mexico and others promise a positive growth for the Latin America smart water management market.

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Further, Brazil is one of the countries that are either equivalent or is 5 years behind North America or Europe in terms of the adoption of new technologies. Implementation of IoT in Brazil is increasing rapidly owing to the significant contribution of government. IoT will soon be an opportunity in Africa that cannot be ignored by African businesses. More than 630 million people live without any access to electricity in Africa, and about 40 billion hours are spent fetching water every year in the sub-Saharan region. Traditional utility providers are facing challenges in serving the population of the continent. Smart metering is gaining popularity along with IoT companies receiving tens of millions of dollars in investment over the last five years in Africa.

IoT can play an important role in improving the maintenance of the equipment and communities can be supplied with clean water. For instance, SweetSense, a start-up installed nearly 200 sensors in rural water pumps in Rwanda. The sensors dramatically resulted in the reduction of the number of pumps broken in an area at any given time and reduced the repair interval at pumps as well. In addition, Johannesburg-based electricity utility City Power began a pilot of load-limiting smart meters that have limited water supply to households. With such meters, household water usage is monitored in real-time.

Latin America Smart Water Management Market Segmentation

By product

· Hardware

· Automated Meter Reading

· Advanced Meter Infrastructure

· Other Hardware

· Software And Services

By Application

· Residential

· Commercial

· Industrial

Regional Analysis

· Latin America

· Mexico

· Brazil

· Argentina

Rest of Latin America

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Company Profiles

· ABB, LTD.

· Hitachi, Ltd.

· Honeywell International, Inc.

· Itron, Inc.

· Schneider Electric SE

· SUEZ Group

· SUNTRONT TECH CO., LTD.

· TOSHIBA INFRASTRUCTURE SYSTEMS & SOLUTIONS CORP.

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