Press release
Global Smart Water Management Market to Surpass US$ 46.65 Billion by 2025
The major drivers that are responsible for the growth of smart water management market are the innovation in the technology of water management. Technologies such as geographical information system (GIS), web-enable sensors and communication networks are used to obtain the information about the weather, soil moisture level, temperature and many other. Along with this smart metering technology helps business, water companies and individuals with information in real time about their own water use. This also helps to locate leakages, offering better control over water demand and creating awareness about the usage of water.
Request Sample Copy of this Report https://www.coherentmarketinsights.com/insight/request-sample/805
Some of the major factors that affect the growth of smart water management market include high initial investment cost, lack of expertise and low rate of returns.
Key Trends and Analysis of Smart Water Management Market:
On the basis of the solution, SCADA Systems for Water and Wastewater Utilities segment dominated the global smart water management market. Supervisory Control and Data Acquisition (SCADA) for water and wastewater system is the emerging software technology which helps in monitoring and distribution, collation and treatment facilities. Also, it supervises the operations and manages the information generated throughout the water management process.
Key Takeaways of the Market:
North America led the smart water management market and is expected to lead the market and valued at US$ 2.90 billion in 2016 and the region is projected to witness a CAGR of 19.3% in terms of revenue during the forecast period. Demand for sustainable energy management solutions such as Canadian Industry Program for Energy Conservation (CIPEC), which in involved in energy management capabilities in the companies, along with government regulations is the major reason promoting growth of smart water management market in North America.
Europe is a second largest market for smart water management. Major driver propelling the growth in this region is the EU directives on energy end use and energy services on the implementation of smart metering. Along with the high adoption of the technology such as advancement in water mapping and weather forecasting technology such as geographical information system (GIS) and satellite communication system, helps in analyzing environmental problems, identifying fresh water resources and building models for water management. European Space Agency provides the web-based interface for accessing and searching the data, satellite imagery, remote sensing and application, and services.
Asia Pacific is the fastest growing market for smart water management market. Increasing privatization of industries such as waste water management industries and stringent government regulation, many countries in Asia Pacific are implementing the advanced water management technologies. Along with the development of smart cities projects in China and India, boosting demand for smart water management systems in the region. According to China-Britain Business Council (CBBC), there were 285 smart pilot cities as well as 41 special pilot projects that commenced in 2015.
Some of the major players in the smart water management market are General Electric, ABB Group, Itron, Schneider Electric, International Business Machines (IBM) Corporation, Sensus, Elster Group Se, and Siemens Ag.
For More Information https://www.coherentmarketinsights.com/market-insight/smart-water-management-market-805
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Visit our news Website: www.coherentchronicle.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 Global Smart Water Management Market to Surpass US$ 46.65 Billion by 2025 here
News-ID: 946634 • Views: …
More Releases from Coherent Market Insights
Magnesium Oxide Market Size 2024: New Opportunities, Geographical Analysis, and …
The latest report published by Coherent Market Insights highlights the growth prospects of the Magnesium Oxide Market from 2024 to 2031. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such…
Colostrum Market Key Growth Drivers, Latest Opportunities, Increasing Demand, an …
The latest report published by Coherent Market Insights highlights the growth prospects of the Colostrum Market from 2024 to 2031. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such as…
Steam Turbine Market Size 2024: Industrial Insights including Manufacturing Deta …
The latest report published by Coherent Market Insights highlights the growth prospects of the Steam Turbine Market from 2024 to 2031. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such…
Protein Supplements Market Share: Size, Growth, Key Vendors, Trends, and Forecas …
The latest report published by Coherent Market Insights highlights the growth prospects of the Protein Supplements Market from 2024 to 2031. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such…
More Releases for Water
water bikes market, global water bikes market, water bikes industry, water bike …
Prominent water bike manufacturers are focussing on product innovations for experience of the consumer and for that, strategic analysis, collaborations and mergers, joint acquisitions, product launched are done by these manufacturers for taking care of their leading positions in the water bikes industry.
Key Developments in Water Bikes Industry
In January 2020, World’s first hydro e-bike named as Hydrofoiler-XE1 by Manta 5 was launched. The bike doesn’t have wheels and instead it…
Mobile Water Treatment Systems market-Veolia Water Technologies, GE Water, Evoq …
Garner Insights recently released Global Mobile Water Treatment Systems Market research study with over 100 industry informative desk and Figures stretched through Pages and self-explanatory detailed TOC on “Mobile Water Treatment Systems Market”.
Global Mobile Water Treatment Systems market 2019 research assists you to attain positive growth and try out different methods for maximizing your profit. The market study gives estimates for Global Mobile Water Treatment Systems Market 2019 analysis and Forecast till 2025. Some…
Water Network Management, Water Network Management trends, Water Network Managem …
MarketStudyReport.com adds a new 2018-2023 Global Water Network Management Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of by Water Network Management product type, application, key manufacturers and key regions. Over the next five years, Water Network Management will…
Bailley Drinking Water – Healthy Water – Safe Water
-Although water covers 70% area of Earth and it is the most necessary element for the survival, yet it is not available in abundance for drinking. Thus, Bailley turns out to be supplying high quality drinking water across India since its launch in 1993. Bailley packaged water is bottled in 52 state-of-the-art plants across India. Targeting various category of consumers & occasions, Bailey Water Bottle is satisfying their needs. There…
Mobile Water Treatment Market presents strong revenue visibility | Evoqua Water …
Global Info Reports render to you profound details in respect to leading participants, regions, application and type of the Mobile Water Treatment Market which is estimated to encounter substantial growth over the forecast period 2018-2025.
Market Outlook:
The market report based on our unique research methodology delivers thorough analytical scrutiny of the Global Mobile Water Treatment Market dispersed across several segments. The report also consists of current size and summary of the…
Bottled Water Market Report by Product Type - Spring Water, Purified Water, Mine …
FACT.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. This particular research report titled “Bottled Water Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been added to the wide online database of FACT.MR which discusses the present as well as future market scenario. Readers can access knowledge related to market volume, regional…
