This report covers some of the vital players in the Smart Water Management. These players include General Electric (GE), Arad Group, IBM Corporation, Oracle, Itron, and so on.
(PRWEB) January 05, 2015
The report "Smart Water Management Market” analyzes and studies the major driving and restraining factors for the market across different geographic regions.
Browse “Smart Water Management Market” through detailed TOC, data tables and figures spread across over 179 report pages.
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Adoption of advanced water meters has become a major trend in many countries around the world. As a result, the researchers are witnessing strong rise and healthy growth in the CAGR of the smart water management market. This demand is strongly driven by the increasing shipments of two-way meters. Smart water technology solutions such as advanced pressure management, distribution network monitoring, analytics, smart irrigation systems, and MDM are expected to see double-digit growth. The adoption of cloud-based solutions for water distribution network monitoring which require absolutely no Capital Expenditure (Capex) from utility’s end will witness greater growth opportunities in the near future. MarketsandMarkets expects an increasing uptake of these technology solutions across water utilities globally by the end of the forecast period. Information management services are anticipated to be the largest revenue contributor for smart water services market throughout the forecast period.
The adoption of smart water technology solutions is expected to experience a steady growth rate. Aging water infrastructure, increasing energy price volatility, and water conservation norms are important factors pushing the adoption of these technology solutions globally. Regulatory compliance by water utilities is one of the most important driving factors for this market. Water utilities can realize water conservation by enhancing customer engagement programs.
The report provides the revenue forecasts expected from the various Smart Water Management solutions. It also analyzes market sizes and revenue forecasts across different regions.
The research report on Smart Water Management market estimates that the global industry will become worth $12.03 billion in 2018. In order to reach the projected revenue growth, the market is expected to witness an estimated CAGR of around 17.2%. Researchers expect North America to dominate the global market.
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