Smart Water Management Market Size and Share Report, 2015 to 2025 - PowerPoint PPT Presentation

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Smart Water Management Market Size and Share Report, 2015 to 2025

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The global smart water management market size is projected to witness substantial growth over the forecast period on account of growing scarcity of fresh water and rising climate volatility. – PowerPoint PPT presentation

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Title: Smart Water Management Market Size and Share Report, 2015 to 2025


1
Your Catalyst to a Lucrative Business
Smart Water Management (SWM) Market Analysis,
Regional Outlook, Competitive Strategies and
Forecast to 2025 Hexa Research
Global smart water management market expected
to witness significant growth over the forecast
period
2 May 2019, The Global Smart Water Management
Market size is projected to witness substantial
growth over the forecast period on account of
growing scarcity of fresh water and rising
climate volatility. Increasing non-revenue water
(NRW), wherein water is wasted due to pipe
bursts, metering errors, thefts, leaks, and aging
infrastructure, is expected to stir up the demand
for smart water management systems.
Furthermore, surging demand for potable water in
order to meet needs of increasing population
coupled with uneven distribution of resources is
providing an upthrust to the market. Stringent
government regulations related to use as well as
distribution of fresh water are poised to
positively impact the market. Increasing costs of
installation of hardware for SWM systems are one
of the key growth inhibitors for the market.
Browse Details of Report _at_ https//www.hexaresearc
h.com/research-report/smart-water- management-swm-
market/request-sample
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SWM systems consume low energy, which helps them
edge over conventional water management
systems, thereby boosting their demand worldwide.
Smart water management systems encourage end
users to achieve a cost efficient solution to
provide enough quality water to masses.
Increasing usage of advanced meters as well as
sensors for detection of abnormality in water
distribution is estimated to work in favor of the
market.
Rising incorporation of information and
technology (ICT) solutions in water management
can reduce pumping and repair costs, increase
efficiency in resource allocation, and reduce
non-revenue water losses. Furthermore, there is
an upswing in usage of remote sensing
technologies such as GIS, GPS, and
satellite radio communication systems for
freshwater resource identification. These
technologies also help in analyzing environmental
impact of water management solutions. This trend
is likely to offer tremendous growth
opportunities for the SWM market.
Devices used for SWM technology, include cellular
and fixed network technology. Development of
devices that support cellular technology is
projected to bolster the prominence of the
technology. Furthermore, advancements in
technologies have resulted in remote
accessibility of pumps, easier malfunction
detection in distribution system, and efficient
monitoring rectification of leaks as well as
disruptions in water supply. The technology is
expected to witness upsurge over the forecast
period on account of increasing penetration of
cellular devices. Fixed network technology is
used in semi-urban and rural areas, where extent
of cellular penetration is low.
Some of the common SWM solutions are network
monitoring, advanced pressure management,
supervisory control, data acquisition systems
(SCADA), and enterprise asset management (EAM).
Services offered by SWM are segmented into
pipeline condition assessment, valve, hydrant,
and information management.
The smart water management market is anticipated
to experience significant growth during the
forecast period on account of increasing scarcity
of fresh water resources in emerging economies
such as India and China. Furthermore, growing
population in emerging economies is poised to
increase the demand for fresh water, which will
further rev up the adoption rate of SWM
techniques.
Stringent government regulations coupled with
aging infrastructure in countries such as France
and Germany are estimated to drive the demand for
SWM over the projected period. Spiraling usage of
cloud-based solutions for water distribution is
also likely to stimulate the growth of the
market. In other developed countries such as the
U.S., the market is projected to benefit from
soaring need for technologically advanced
infrastructure coupled with growing instances of
irregular water supply.
Key companies operating in the market are
emphasizing on use of SWM solutions to cut down
risks, comply with imposed regulations, and
manage rocketing resource costs. For instance, In
July 2014, Cisco announced its partnership with
Electronics City Industries Association (ELCIA)
to use smart connected city WiFi solutions in
order to set up SWM and leak detection mechanism
in India.
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Furthermore, In August 2015, IBM announced the
launch of IBM Intelligent Water software, which
makes use of advanced data management,
correlation and collaboration, and visualization
technologies. These technologies input disparate
data from various metering systems and transform
them into actionable information, which is
expected to enhance the level of situational
management resulting in an efficient incident
management. Key market players include Siemens
AG ABB Ltd Aclara Schneider Electric
Badger Meter Elster General Electric (GE)
HydroPoint Data Systems Inc. Cisco IBM
Corporation Itron Mueller Systems Oracle
Sensus and Tata Consultancy Services.
Browse Details of Report _at_ https//www.hexaresearc
h.com/research-report/smart-water-management-swm-m
arket
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About Us
Hexa Research is a market research and consulting
organization, offering industry reports, custom
research and consulting services to a host of key
industries across the globe. We offer
comprehensive business intelligence in the form
of industry reports which help our clients obtain
clarity about their business environment and
enable them to undertake strategic growth
initiatives.
Contact Us
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018 United States
Phone 1-800-489-3075 Email sales_at_hexaresearch.c
om Website http//www.hexaresearch.com
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