Smart Water Management Market Predicted to Witness Steady Growth During the Forecast Period 2017 to 2027

Smart water management is the next big thing due to rising water paucity and rising need of water conservation around the world. Smart water management solution providers are proactively offering smart water technologies that can help users to productively manage chronic shortage of water.

Smart water management is being adopted mainly by manufacturing firms and chemical based companies to reduce water wastage and for efficient use of their resources. Smart water management technology helps organizations for identification of network problem, enhances customer engagement in water conservation and most prominently used to reduce non-revenue water losses due to damage of infrastructure.

The three main components of smart water management system are hardware, solutions and services. Smart water management can be categorized into two sub segment as meter type and meter read technology. Smart water meter can be used for the purpose of non-revenue water problem detection and identifying leakage in infrastructure. Moreover, automated meter reading technology provide solutions and services such as advanced analytics and network monitoring. It also helps to identify problematic areas within the water management system.

Smart Water Management: Drivers and Challenges

The major factors driving smart water management market are technological advancement, change in regulatory compliances and growing awareness of sustainable use of energy resources.

Implementation of these modern technologies such as smart monitoring which is internet of things based technology is used to analyze water treatment system and control water management on real time basis.

Request Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-3066

The increasing usage of supervisory control and data acquisition solution is another important factor that is driving this market. It enables quality decision making and reduce energy cost in pumping water through distribution network. Smart water management also implements advance analytic solution for improvement of infrastructure and operations.

The major restraints face by smart water management are costly initial investment requirement and low rate of return. Moreover, due to lack of expertise and talent availability the market for smart water management is increasing slowly. However, Smart water management is entitled to a tremendous opportunity related to water utilities to realize significant financial savings.

Visit For TOC@ https://www.futuremarketinsights.com/toc/rep-gb-3066

Smart Water Management: Segmentation

Segmentation on the basis of meter type:

AMR

AMI

Fixed network.

Cellular network

Segmentation on the basis of solutions:

SCADA system

Advanced pressure management

Advanced analytics

Network monitoring

Smart irrigation management system

Segmentation on the basis of service:

Maintenance and support

Consulting services

Smart Water Management:Key Players

Some of the key players of smart water management market are: IBM, ABB Group, General Electric, Honeywell, Schnidler Electric, AVEA, Takadu, Topcon, and Trimble.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.