Smart Water Management Market to Witness Growth Acceleration During 2022-2028

According to our latest market study on "Smart Water Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Meter Type (AMR Water Meters, AMI Water Meters); Meter Read Technology (Fixed Network, Cellular Network); Solutions (Smart Irrigation Management Systems, Enterprise Asset Management (EAM), SCADA Systems for Water and Wastewater Utilities, Meter Data Management (MDM), Others); Services (Professional, Managed) and Geography"

Water management that uses modern technologies to revolutionize traditional water distribution is known as smart water management. Many manufacturing and chemical businesses are employing smart water management to cut down on water waste and make better use of their energy. Growing technological improvements in water and waste water treatment, such as enhanced metering technology and Supervisory Control and Data Acquisition (SCADA), as well as rising water scarcity and demand for water conservation, are likely to propel the smart water management market.

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Companies Profiled in this report includes: ABB Ltd,  Arad Group,  Evoqua Water Technologies LLC,  GE DIGITAL,  Honeywell International Inc,  IBM Corporation,  Itron, Inc,  Schneider Electric,  Sensus,  Siemens

MARKET SEGMENTATION

  Based on meter type the market is bifurcated as, AMR water meters, AMI water meters.

  Based on meter read technology the market is segmented as, fixed network, cellular network.

  Based on solutions the market is segmented as, smart irrigation management systems, enterprise asset management (EAM) for water and wastewater utilities, SCADA systems for water and wastewater utilities, meter data management (MDM), and others.

  Further, based on services the market is segmented as, professional and managed.

MARKET DYNAMICS

Drivers

  Increasing demand for quality water services across the globe.

  High need and demand to replace aging water infrastructure is likely to propel market growth.

  Government regulations and rising digitalization in the utilities sector are encouraging the development of smart water management technologies.

Restraints

  The smart water management market is restrained by dearth of skilled workforce along with high initial investment with the process.

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IMPACT OF COVID-19 ON SMART WATER MANAGEMENT MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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This release was published on openPR.