PUBLISHER: Allied Market Research | PRODUCT CODE: 1179496
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179496
Smart water management includes mechanized systems for water treatment, supply, storage, flood prevention, and water resource management. These systems have been in operation for several decades and are currently under pressure due to rise in demand. In addition, consistent attention, repair, and maintenance is required to smoothen the water supply process. Moreover, its structures incur high maintenance costs while simultaneously declining in effectiveness. To address this issue, water managers in different parts of the world have started adopting smart ways to manage water effectively, reduce maintenance costs, and provide a satisfactory experience for consumers.
Increase in usage of supervisory control and data acquisition drives the growth of the market. In addition, rise in number of smart cities and increase in use of digital transformation technology fuel the market growth. However, lack of capital investments to install infrastructure and lack of digitally skilled workforce are expected to impede the market growth. Furthermore, surge in government initiatives to implement smart water management is expected to provide lucrative opportunities for the market growth.
The global smart water management market is segmented based on offering, application, end user, and geography. By offering, it is divided into solution and service. On the basis of application, it is fragmented into water pipeline monitoring & leak detection, water level monitoring & dam management, water consumption & distribution, irrigation management, waste water monitoring, and others. In terms of end user, the market is classified into commercial, public sector and residential. On the basis of geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the smart water management market analysis are the major players operating in the smart water management market are ABB Ltd., Badger Meter, Honeywell International Inc., Hydropoint, IBM Corporation, Itron, Landis+Gyr, Neptune Technology, Oracle Corporation, Schneider Electric SE, Siemens AG, Suez, Takadu, Trimble Inc., Xenius, Ayyeka, Ketos. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
By Offering
By Application
By Application
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