Smart water management is the next big thing due to rising water paucity and rising need of water conservation around the world. Smart water management solution providers are proactively offering smart water technologies that can help users to productively manage chronic shortage of water.
Smart water management is being adopted mainly by manufacturing firms and chemical based companies to reduce water wastage and for efficient use of their resources. Smart water management technology helps organizations for identification of network problem, enhances customer engagement in water conservation and most prominently used to reduce non-revenue water losses due to damage of infrastructure.
The three main components of smart water management system are hardware, solutions and services. Smart water management can be categorized into two sub segment as meter type and meter read technology. Smart water meter can be used for the purpose of non-revenue water problem detection and identifying leakage in infrastructure. Moreover, automated meter reading technology provide solutions and services such as advanced analytics and network monitoring. It also helps to identify problematic areas within the water management system.
Smart Water Management: Drivers and Challenges
The major factors driving smart water management market are technological advancement, change in regulatory compliances and growing awareness of sustainable use of energy resources.
Implementation of these modern technologies such as smart monitoring which is internet of things based technology is used to analyze water treatment system and control water management on real time basis.
The increasing usage of supervisory control and data acquisition solution is another important factor that is driving this market. It enables quality decision making and reduce energy cost in pumping water through distribution network. Smart water management also implements advance analytic solution for improvement of infrastructure and operations.
The major restraints face by smart water management are costly initial investment requirement and low rate of return. Moreover, due to lack of expertise and talent availability the market for smart water management is increasing slowly. However, Smart water management is entitled to a tremendous opportunity related to water utilities to realize significant financial savings.
Smart Water Management:Key Players
Some of the key players of smart water management market are: IBM, ABB Group, General Electric, Honeywell, Schnidler Electric, AVEA, Takadu, Topcon, and Trimble.
In May 2016, IBM sets up Intelligent Operations Center (IOC) to enhance the efficiency of critical infrastructure and utilities. In this project smart water management heavily relied on manual intelligence.
In July 2016, Optiqua technologies pvt Ltd has enter into the partnerships with Shandong provincial water and waste water monitoring center this water quality partnership will help to develop integrated water quality management system.
Smart Water Management: Regional Overview
Presently, North America and Europe regions are holding the largest market share of smart water management due to adoption of advance meter infrastructure technology by various organizations. Out of the various advanced technologies, AMI technology has a wide impact towards service restoration and verifying power outage. The adoption of SCADA solution is also impacting the market of smart water management in a positive manner.
The market of smart water management is witnessing high growth rate in the regions of Latin America and Asia Pacific due to high demand of infrastructure projects.
The report covers exhaustive analysis on:
Smart Water Management Market Segments
- Smart Water Management Market Dynamics
- Historical Actual Market Size, 2014 - 2016
- Smart Water Management Market Size & Forecast 2017 to 2027
- Value Chain
- Smart Water Management Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Smart Water Management Market Drivers and Restraints
Regional analysis forSmart Water Management, market includes development in the following regions:
- North America
- Latin America
- Rest of Latin America
- Asia Pacific
- Australia and New Zealand (A&NZ)
- Rest of Asia Pacific
- The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Smart Water Management: Segmentation
Segmentation on the basis of meter type:
- Fixed network
- Cellular network
Segmentation on the basis of solutions:
- SCADA system
- Advanced pressure management
- Advanced analytics
- Network monitoring
- Smart irrigation management system
Segmentation on the basis of service:
- Maintenance and support
- Consulting services
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.