Market Research Report
Market Data - Smart Water Management for Commercial Buildings - Commercial Building Sector Smart Water Management Trends and Revenue: Global Market Analysis and Forecasts
|Published by||Navigant Research||Product code||927090|
|Published||Content info||22 Pages; 30 Tables, Charts & Figures
Delivery time: 1-2 business days
|Market Data - Smart Water Management for Commercial Buildings - Commercial Building Sector Smart Water Management Trends and Revenue: Global Market Analysis and Forecasts|
|Published: March 2, 2020||Content info: 22 Pages; 30 Tables, Charts & Figures||
An estimated 68% of the world's population is expected to be living in an urban area by 2050, according to the United Nations (UN) World Urbanization Prospects 2018 report. To accommodate this influx in population, cities must ensure resources are available. Water is one of the resources most essential to the health and growth of an urban population.
A US Department of Energy (DOE) report estimates that 17% of indoor water consumption in California is lost to leaks. Assuming an 8%-10% savings from leak fixes and behavioral change, 230-290 billion gallons of water could be saved annually, an estimated 2.6 TW to 3.3 TW of embedded energy savings. Better water management is key to successfully integrating newcomers into cities, and the smart water management market is poised to grow substantially. Much of the growth is anticipated to be from hardware purchases to accurately track the water consumption of a building. Private companies are expected to provide software and databases for commercial building operators to better track their properties' water use. Smart water technologies help water municipalities, residences, and commercial building operators find leaks more effectively, reducing damage to buildings and monetary loss.
This report from Navigant Research, a Guidehouse company, examines the global market for smart water management in commercial buildings. It breaks down the global market for smart water management revenue by region. It also estimates smart water management revenue within each commercial building sector: office, retail, education, healthcare, hotels and restaurants, institutional/assembly, warehouse, and transportation. The report also examines key market drivers and barriers, and provides insights into the future of the market, with forecasts extending to 2029.