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Smart Water Management System Market – California Industry Insights, Growth, Size, Comparative Analysis 2025
California Smart Water Management System
Smart water management is being received fundamentally by assembling firms and substance based organizations to lessen water wastage and for proficient utilization of their assets. Smart water management technology helps associations for ID of system issue, upgrades client engagement in water preservation and most unmistakably used to decrease non-income water misfortunes because of harm of foundation.
Water management technology helps organizations identify network problems, enhances customer engagement in water conservation and are most prominently used to reduce non-revenue water losses due to infrastructural damage. In terms of revenue, the Water Management System Market was valued at US$ 1254.5 Mn in 2016 and is expected to reach US$ 4008.9 Mn by 2025, expanding at a CAGR of +13.9% from 2017 - 2025.
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The meter type segment, among other advanced water meter types is estimated to dominate the Global market, closely followed by meter read technology. water meters can be used for the purpose of non-revenue water problem detection and identifying leakage in infrastructure. Additionally, automated meter reading technology provides solutions and services such as advanced analytics and network monitoring. It also helps to identify problematic areas within the water management system.
The irrigation management systems solution segment dominated the Water Management System Market in the preceding years and it is further expected to continue its dominance in the forthcoming period as well.
Among various services, the professional services segment is anticipated to hold the major share of the market. These services are classified into three major categories, such as maintenance and support, consulting, and deployment and integration. These services help in improving efficiency and increasing growth along with reducing operating expenses and resource losses. These services aid the client in designing, planning, and deploying new systems into their existing facility.
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Geographically, Global is the largest market for water management system, owing to huge investments in order to curb wastage of water. Some of the other drivers responsible for the growth of this market are the demand for sustainable energy, technological advancements and the aging infrastructure.
Prominent key players in water management market are General Electric, Water Pigeon Inc., International Business Machines (IBM) Corporation, Itron Inc., ABB, Schneider Electric SE, Elster Group SE, Sensus, Siemens AG, Badger Meter, Inc., Cisco, HydroPoint Data Systems, Inc., Landis+Gyr, Mueller Systems LLC, Neptune Technology Group, Oracle and so on.
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