According to a new study by Grand View Research,
Inc., water management has emerged as a significant priority for governments
and water utilities, which is expected to fuel the global smart water
management market. Infrastructure revitalization, growing population,
fluctuating climate, and rise in water shortage issues are also some of the key
forces driving market growth. Although water management and conservation
practices are continuously evolving, the aforementioned forces have spurred
demand for smart technology solutions for more efficient and sustainable water
systems.
Technological advancements enable water utility
operators to proactively control and mange distribution systems and enhance
efficiency, which is expected to favorably impact the market. Proliferation of
cloud-based solutions to monitor distribution networks provides opportunities
for market growth. Concerns among water utilities regarding adoption of these
solutions may pose a challenge to the market. Low adoption of smart water
management systems by several water utilities owing to high investments is also
expected to hinder market growth.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/smart-water-management-swm-market
Further
key findings from the study suggest:
- Devices accounted for over 35% of the overall smart water management market, and emerged as the most dominant segment in 2013. Solutions are expected to be a high growth segment, which can be attributed to the development of cloud-based solutions for efficient monitoring of distribution networks.
- Increasing adoption of cellular network technology in Automatic Meter Reading (AMR) is expected to drive market growth. The segment is also expected to grow faster than the global average over the next few years.
- On account of favorable government initiatives including incubation facilities, financial incentives and demonstration sites, North America was leading regional market in 2013. Increasing investments in the U.S. water sector is expected to positively impact regional market growth over the forecast period.
- Key market participants include Schneider Electric, Sensus, General Electric, IBM Corporation and ABB Ltd. Strategic partnerships due to high investments and increasing competition are expected to be key growth strategies over the next six years.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
For the purpose of this study, Grand View Research
has segmented the global smart water management market on the basis of component,
technology and region:
Smart Water
Management Component Outlook (Revenue, USD Million, 2012 – 2020)
• Devices
•
Solutions
• Services
Smart Water
Management Technology Outlook (Revenue, USD Million, 2012 – 2020)
• Cellular
Network
• Fixed
Network
Smart Water
Management Regional Outlook (Revenue, USD Million, 2012 – 2020)
• North
America
• Europe
• Asia
Pacific
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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