In urban areas, water is the most neglected natural resource. Smart water solutions and services are still struggling for rapid adoption in major part of the globe owing to lack of regulatory support from the governments in some regions such as Africa, and Western Asia among others. Aging water infrastructure especially in developed economies such as the U.S.A., Canada, and Germany among others is a major driver for adoption of smart water technology solutions Aging water infrastructure results in bursts, pipe leakage, and increased customer complaints. Water regulatory bodies are mandating stricter environmental standards related to smart water management which is another important driver for this market.
The report includes segmentation of smart water management market by component, by meter read technology, and by geography. Further, it provides current market size and forecast in terms of revenue for the aforementioned categories. Cross sectional analysis for component and geography segments is a part of the scope. Factors influencing and inhibiting the growth of the market have been analyzed. Porter’s five forces analysis offers insights on market competition.
This study includes profile of key players in the market and the strategies adopted by them to sustain the competition. Recent developments and barriers of the market will help emerging players to design their strategies in an effective manner. The study is expected to help key players providing smart water systems and solutions formulating and developing their strategies.
The global market for smart water management is segmented as follows:
Smart water management market analysis, by component
Smart water management market analysis, by meter read technology
- Fixed Technology
- Cellular Technology
Smart water management market, by geography
- North America
- RoW (Rest of the World)