New York, November 25, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Smart Water Management Market by Water Meter, Solution, Service, End User and Region – Global Forecast to 2026” – https: / / www.reportlinker.com/p04070746/?utm_source=GNW
Industrial economies around the world are facing a major challenge in the form of aging infrastructure, which is creating a tremendous demand for its replacement with smart water infrastructure solutions that provide precise control over water resources through real-time data.
The solution segment to achieve a larger market share in the forecast period
In the market for intelligent water management, it is expected that a larger market share will be achieved by offering the solution segment in the forecast period.Technologies with the existing operation will help them to increase the operational efficiency of the entire water network even with low investments in infrastructure.
With these technologies and the intelligent infrastructure, innovative solutions are developed for customers in the smart water industry. During the forecast period, the adoption of smart solutions is expected to increase due to increasing awareness of water quality, scarcity of natural freshwater resources, increasing consumer demands and technological advances.
The residential segment is expected to show a higher growth rate in the forecast period
According to end consumers, the residential segment is expected to show the highest growth rate in the forecast period. The demand for freshwater in residential areas has shown unprecedented growth due to the growing global urban population, changing lifestyles and eating habits that result in higher water consumption.
The increase in water consumption is more pronounced in high-density urban environments with the presence of manufacturing industries that contribute to high water consumption. The increasing demand for high quality water services is expected to drive demand for SWM solutions in residential areas.
Residential SWM solutions are more focused on providing high quality water to consumers as access rates to water and wastewater are higher in residential areas, leading to increasing demand for improved urban planning and infrastructure with an efficient water supply and drainage system . In residential areas, the demand for high quality water and improved sanitation is increasing due to concerns such as:
The AMI Meters segment is expected to show a higher growth rate in the forecast period
By water meter type, AMI meters are expected to have a higher growth rate.
The AMI system consists of a head-end system that combines hardware and software in order to bring the water utilities’ data up to date. It also includes digital smart water meters.
However, the basic communication network in AMI is bidirectional. AMI supports the collection of meter data more often than AMRs, where the data is used by the utility for billing, consumption and usage analysis and meter control, such as: B. Meter Data Management MDM) and Master Client Index (MCI).
In addition, AMI offers water suppliers the option of switching the services on and off from a central location. AMI systems can bring more utility departments together, from engineering and operations departments to asset management and planning departments. AMI is an advanced and smarter system with built-in tools to improve customer service and satisfaction. In the next five years, AMI will replace legacy systems in residential, commercial and industrial facilities due to the increasing demand for advanced features and technologies for analyzing, storing and using large amounts of data.
A higher growth rate is expected for the Asia-Pacific region in the forecast period
APAC is expected to grow the most in the forecast period. The rapid growth can largely be due to factors such as the increasing adoption of smart grid solutions, increasing urbanization leading to an increase in water demand, agricultural production, technological integration into the utility sector and exponential population growth.
These factors are leading to widespread use of technology in the western regions, supporting government regulations, increasing awareness of clean and safe water supplies, and growing industrial activity in the region. In APAC, the demand for water efficiency is increasing and reusability of water resources is high, which is expected to fuel the growth of the SWM market in the region.
The Asia and Pacific region is home to 60% of the world’s population, but has only 36% of the world’s water resources, making water availability per capita the lowest in the world (APWF, 2009). Due to the population growth, urbanization and increasing industrialization as well as the competition for water between the sectors have intensified in the region.
There have been several positive water assessment initiatives using new financial, governance and partnership models.
Extensive interviews were conducted with chief executive officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the smart building market.
The distribution of the profiles of the main participants is given below:
• By type of company: Tier 1 – 35%, Tier 2 – 39% and Tier 3 – 26%
• By appointment: C-Level – 55%, Directors – 40%, Others – 5%
• By region: North America -30%, Europe -35%, APAC -25%, ROW -10%
Covering the competitive landscape, the report introduces key market players including Siemens (Germany), IBM (USA), ABB (Switzerland), Honeywell Elster (USA), Schneider Electric (France), Itron (USA), SUEZ (France) , Oracle (USA), Landis + Gyr (Switzerland), Trimble Water (USA), HydroPoint (USA), i2O Water (UK), Xenius (India), Neptune Technology (USA), Takadu (Israel), Badger Meter (USA ), AquamatiX (UK), Fluid (USA), Lishtot (Israel), Elentec (UK), Syrinix (UK), CityTaps (France), FREDsense (Canada), Fracta (USA) and Xylem (USA). These players have pursued multiple organic and inorganic growth strategies including new product launches, partnerships and collaborations, and acquisitions to expand their offerings and market shares in the global Smart Water Management market.
The market study covers the market for intelligent water management in different segments. The aim is to measure the market size and the growth potential of this market in different segments based on water meter (AMR, AMI), solution (enterprise asset management, network management, smart irrigation), service (professional, managed), end-user (commercial and industrial, residential buildings with regions covered).
The study also includes an in-depth competitive analysis of key market players along with their company profiles, key observations on product and business offerings, recent developments, and key market strategies.
Main benefits of purchasing the report
The report is expected to assist the leaders / new entrants in this market by providing them with information on the closest approximations to the sales figures for the entire Smart Water Management market and its segments. This report is also intended to help stakeholders understand the competitive landscape and gain insights to improve their company’s position and plan appropriate go-to-market strategies.
The report is also intended to help the stakeholders get the pulse of the market and provide them with information regarding key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p04070746/?utm_source=GNW
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