IoT in Water Utility Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global IoT in Water Utility Market size accounted for USD 1.24 Billion in 2022, growing at a CAGR of 14.72% from 2023 to 2033. IoT (Internet of Things) in water utility refers to the integration of interconnected devices, sensors, and data analytics within the infrastructure of water management systems to improve efficiency, sustainability, and reliability. These IoT devices are deployed across various points in the water supply and distribution network, including reservoirs, treatment plants, pipelines, and customer meters, to collect real-time data on water quality, flow rates, pressure levels, and infrastructure conditions. By leveraging IoT technology, water utilities can monitor and optimize water usage, detect leaks or anomalies in the distribution system, automate maintenance and repair processes, and enhance water conservation efforts. IoT in water utility enables proactive decision-making, predictive maintenance, and resource optimization, ultimately leading to improved service delivery, reduced operational costs, and greater environmental sustainability.

The IoT in Water Utility market is primarily driven by the increasing need for efficient water management solutions to address aging infrastructure and growing water scarcity challenges. Additionally, regulatory requirements and mandates for water conservation and quality monitoring are fueling the adoption of IoT technologies to enhance operational visibility and optimize resource utilization in water utilities.

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Key Highlights:
• The global IoT in Water Utility Market size was valued at USD 1.24 billion in 2022 growing at a CAGR of 14.72% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global IoT in Water Utility Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.

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Key Players
Some of the major IoT in Water Utility Market players holding high market shares include IBM, ORACLE, VERIZON, CISCO, TELIT. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• IBM
• ORACLE
• VERIZON
• CISCO
• TELIT
• LANDIS GYR
• ITRON
• SCHNEIDER ELECTRIC
• SIEMENS

Segmental Analysis
Market Segment By Type
• Device
• Gateways

Market Segment By Application
• Commercial
• Residential

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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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