Global smart water management market segmentation: The study encompasses a market attractiveness analysis, wherein each segment is benchmarked based on its market size, growth rate, and general attractiveness.
This research study helps the purchaser to understand the various drivers and restraints impacting Smart Water Management Equipment market during the forecast period. InNorth America stood as the leader, contributing The study is expected to help key players providing smart water systems and solutions formulating and developing their strategies.
Cellular technology segment is estimated to witness high growth over the next six years. Across the world, government programs for the deployment of smart water technologies will also drive this market.
Furthermore, the rising population in India and China has compelled the government to deploy smart water management systems for a liveable future.
The segment is expected to retain its position until the end of the forecast period. Inthe hardware segment dominated and contributed a revenue of Growing number of international companies have resulted in intensified competition and high initial investment.
The major reason for growing demand for smart water management in urban area is increasing urban population. The study provides us with historical data along with forecast from to It helps companies meet budget and regulatory requirements, and provides for business sustainability.
Water regulatory bodies are mandating stricter environmental standards related to smart water management which is another important driver for this market. However, fixed network technology is anticipated to dominate the industry. Smart water solutions and services are still struggling for rapid adoption in major part of the globe owing to lack of regulatory support from the governments in some regions such as Africa, and Western Asia among others.
Smart water management also implements advance analytic solution for improvement of infrastructure and operations. Majority of the market share was held by local and regional players offering solutions and services for smart water management.
Furthermore, Internet if things IoT and Artificial Intelligence have also emerged as key technologies that have overhauled the smart water management market in recent times. Several organisations and international campaigns have been focusing on educating and informing people about the need to conserve water.
Smart water management market analysis, by component Hardware. Adverse effects of climate change such as risk of flooding, rising sea levels, and longer drought periods have affected the availability of fresh water resources needed to maintain economic growth and increasing populations.
According to a survey conducted at the District of Columbia Water and Sewer Authority, the average age of pipes was 76 years with some pipes having been laid more than a century ago.
The component segments of the SWM market are hardware, services, and solutions. Cross sectional analysis for component and geography segments is a part of the scope.
North America smart water management market by component,USD Million Intelligent and efficient water management is anticipated to be a key issue in recent times, with a number of forces impacting the delivery of fresh water supplies to the growing population.The Smart Water Management Equipment market report provides historical data along with future forecast and detailed analysis for Smart Water Management Equipment on a global and regional level.
Global smart water management market was worth USD 4, million in and is expected to reach USD 15, million bygrowing at Location: State Tower, 90 State Street, SuiteAlbany, The "Global Smart Water Management Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, - " report has been added to Research and Markets' offering.
With the. The global market for smart water management (SWM) is propelled by factors such as the lack of water management in urban areas, an aging water infrastructure, and the need to lessen non-revenue mint-body.comon: State Tower, 90 State Street, SuiteAlbany, Global Smart Water Management (SWM) Market, Industry Report, Smart Water Management (SWM) Market Analysis By Component (Devices, Solutions, Services), By Technology (Fixed Network, Cellular) And Segment Forecasts To The high cost of installing smart water meters for the water management is a major restraining factor for the global smart water management market.
The high cost of smart water meters slows the adoption of smart meters which in turn hinders the growth of the smart water management market.Download