Press release
Smart Water Management Market to Reach US$15.2 bn Due to Increasing Need to Reduce Water Loss
The report analyzes the global market for smart water management on the basis of its components, technologies employed, and its regional distribution. Solutions, services, and hardware are the key components of the global smart water management market. The hardware segment leads the overall market at present. In 2012, it accounted for 40.1% of the global market for smart water management. Analysts at TMR project it to retain its position throughout the forecast period.
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On the other hand, the solutions segment is expected to register the fastest growth rate over the forecast period. The rising demand for technically advanced software such as Hymer (Orbicon), ReadCenter Analytics+ and ReadCenter AnalyticsPro, Intelligent Operations Center software, and various others are likely to propel the smart water management solution market in the near future, says the report.Fixed and cellular meter read technologies are the key technology segment of the global smart water management market, states the study.
As per the report, the global smart water management market is distributed among Europe, North America, Asia Pacific, and Rest of the World. North America has acquired the leadership among all these regional markets. In 2012, it held 47.5% of the overall smart water management market in terms of revenue. Market experts anticipate it to maintain its dominance through the report’s forecast period. They also project Asia Pacific market to rise at the fastest CAGR of 23.70% during the forecast period on account of uneven rainfall as well as the rise in global warming.
The report states that the global market for smart water management is extremely fragmented in nature. IBM Corp., ABB Ltd., Arad Metering Technologies, Schneider Electric SA, Itron Inc., Evoqua Water Technologies, Honeywell International Inc., General Electric Co., Emerson Electric Corp., ET Water Systems LLC, Sensus USA Inc., i2O Water Ltd., and TaKaDu Ltd. are the key participants in this market.
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About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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