openPR Logo
Press release

Smart Water Management Market (Meter Read Technology - Fixed network, Cellular network) Worldwide Industry Analysis, Size, Share, Forecast 2019

12-29-2016 02:09 PM CET | Industry, Real Estate & Construction

Press release from: TMR

In urban areas, water is the most neglected natural resource. Smart water solutions and services are still struggling for rapid adoption in major part of the globe owing to lack of regulatory support from the governments in some regions such as Africa, and Western Asia among others. Aging water infrastructure especially in developed economies such as the U.S.A., Canada, and Germany among others is a major driver for adoption of smart water technology solutions. Aging water infrastructure results in bursts, pipe leakage, and increased customer complaints. Water regulatory bodies are mandating stricter environmental standards related to smart water management which is another important driver for this market.

Smart water management market is expected to witness substantial growth in the coming years due to stricter environmental standards mandated by water regulatory bodies across the globe and need to minimize water loss and non-revenue water (NRW). Sustainable water management policies are high on the agenda of various governments across the world. Adverse effects of climate change such as risk of flooding, rising sea levels, and longer drought periods have affected the availability of fresh water resources needed to maintain economic growth and increasing populations.

The major reason for growing demand for smart water management in urban area is increasing urban population. In 1900, about 13% of people lived in cities; however, this has gone up to over 50% and in 2013 is further expected to reach nearly 70% by 2050. These issues are compounded by aging pipe networks in various established cities. In London, for instance, around 40% of pipes are more than 100 years old. According to a survey conducted at the District of Columbia Water and Sewer Authority, the average age of pipes was 76 years with some pipes having been laid more than a century ago. IBM’s smart water management system is helping Sonoma County Water Agency (SCWA) meet California’s goal for all its water agencies to reduce water use by 20% by 2020. The system uses a real time collaboration platform to help balance environmental, agricultural and other needs in the Russian river water system allowing SCWA to make dynamic, informed decisions about resource allocation.

Get More Information: www.transparencymarketresearch.com/sample/sample.php?flag...

The report includes segmentation of smart water management market by component, by meter read technology, and by geography. Further, it provides current market size and forecast in terms of revenue for the aforementioned categories. Cross sectional analysis for component and geography segments is a part of the scope. Factors influencing and inhibiting the growth of the market have been analyzed. Porter’s five forces analysis offers insights on market competition.

Smart water management is equally important for both developed and developing nations. At present, the focus is more on adopting meter data management (MDM), SCADA (supervisory control and data acquisition), and advanced water meter solutions for water utilities across many countries. The trend is expected to change from traditional water management technologies gradually to smart technology solutions such as advanced pressure management, analytics and distribution network monitoring. For distribution network, the adoption of cloud-based solutions which require no capital expenditure from utility’s end is expected to witness greater grip in the coming years. The use of smart water management technology solutions across water utilities is expected to rise globally during the forecast period.

This study includes profile of key players in the market and the strategies adopted by them to sustain the competition. Recent developments and barriers of the market will help emerging players to design their strategies in an effective manner. The study is expected to help key players providing smart water systems and solutions formulating and developing their strategies. The global SWM market is fragmented in nature with a large number of local players across different geographies. Majority of the market share was held by local and regional players offering solutions and services for smart water management. Other players in the market include Arad Metering Technologies, Itron Inc., ABB Ltd., Sensus USA Inc., Schneider Electric SA, I2O Water Ltd., General Electric Company, and TaKaDu Ltd.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

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 (Meter Read Technology - Fixed network, Cellular network) Worldwide Industry Analysis, Size, Share, Forecast 2019 here

News-ID: 403330 • Views: 483

More Releases from TMR

Marine Cables and Connectors Market: Growth Opportunities Rise as Telecommunicat …
With the leading ten companies collectively accounting only for about 50% of overall share, the vendor landscape of the global marine cables and connectors market hints at a high level of fragmentation and intense competition, observes Transparency Market Research in a recent report. Owing to the large number of companies in the market, competition is likely to remain intense in the next few years as well. Get The Sample Report :
Multiple Telecommunication Operators are Migrating Their Customers over the IP N …
According to a new market report published by Transparency Market Research the global cloud telephony services market is expected to reach a value of US$ 41,768.3 Mn by 2026 on account of cost reductions compared to traditional telephony systems. The market is projected to expand at a CAGR of 17.2% during the forecast period from 2018 to 2026. Increasing demand for enterprise mobility, mobile workforce, and multiple benefits offered
Telecom Cloud Market -Increasing Use of Cloud Computing in BFSI Industry to Boos …
The global telecom cloud market is fragmented due to the presence of numerous small and big players in the market, as observed by Transparency Market Research. Several small and large-scale enterprises are investing in telecom cloud solutions and services as the market is possess huge potential to grow in the near future. Moreover, professional service providers and system solutions developers and integrators across industries are establishing themselves firmly in the
Major Vendors operating in Manufacturing Analytics Market are tableau software, …
Manufacturing analytics is a statistical tool which performs rule-based analysis to improve business processes and production quality. Data analytics is into various other industrial domains which include banking, financial services and insurance (BFSI), e-commerce, among others. However, increasing pressures to reduce manufacturing cost, meet federal norms, supply-chain requirements, global competition, and improve operating income has seen high adoption of data analytics in manufacturing sector in recent past. Additionally, with manufacturing

All 6448 Releases