Smart Water Management Market Pleased With IBM’s Partnership With DCU to Manage Water Using IoT Platform
Smart watering systems are designed in a specialized manner to gather relevant and useful data in real-time. Smart water management keeps track of various types of data like volume, pressure and distribution of water within a specified area. Water management solutions are especially useful in obtaining thorough data on current consumptions levels and predicting them in the future.
The services offered by the Smart Water Management Market allows the specified area to have a solid plan for future growth which is functional and realizable. When a smart water management system is integrated with other critical data points, a complete picture regarding each system’s influence on the overall operation can gleaned. Once this information is distributed and acted upon, infrastructure can be made more efficient and any unexpected incidents can be handled quickly and efficiently.
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Scope & Regional Forecast of the Smart Water Management Market
The Smart Water Management Market considers the key growth drivers to be a few factors
like: water infrastructure which is outdated across the world; a requirement to manage capital expenses more efficiently; climate change enforced restrictions on utilizing power derived from the burning of fossil fuel; and tighter regulations regarding the implementation of water treatment systems.
The Smart Water Management Market has also been boosted the widespread adoption of the smart water meter to get automated readings in real-time. North America currently dominates the market due to higher awareness regarding efficient usage of water and greater adoption rates of water management technology.
Strict government regulations have also played a key part in spurring such adoption. On the other hand, India’s ambitious plans to establish hundreds of smart cities by the start of the next decade is also expected to result in a high level of demand during the forecast period.
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Segmentations & Key Players Involved in the Smart Water Management Market
The Smart Water Management Market can be broken down into various segmentations on the basis of –
• Type: AMR Meters and AMI Meters.
• Application: Residential Use, Commercial Use and Industrial Use.
• Geographical Location: North America, Europe, Asia-Pacific, South America, Middle East and Africa.
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Some of the key players involved in the Smart Water Management Market are as follows:
• Diehl Stiftung & Co. KG
• Roper Industries
• Jiangxi Sanchuan
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