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Smart Water Management Market Growth, Size, Overview and Forecast

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Water is a vital and a critical resource for a city. The resource needs to be managed and conserved efficiently for future use and address daily needs of water, especially in times of low precipitation and drought conditions
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Smart Water Management Market Analysis, Share and Size, Emerging
Trends, Overview and Outlook, Growth And Segment Forecasts To
2020
Technavio Announces the Publication of its Research Report – Global Smart Water Management Market
2016-2020
Technavio recognizes the following companies as the key players in the global smart water management
market: ABB, GE, Honeywell, IBM, and Schneider Electric.
Other Prominent Vendors in the market are: Arad Metering Technologies, AVEA, Blue-White Industries,
ESRI, Greyline Instruments, Itron, Sensus, Takadu, Topcon, and Trimble.
Commenting on the report, an analyst from Technavio’ s team said: “Growing use of automated meter
reading technology will be a key trend for market growth. Most of the utilities work to manage their
water resources for energy production by using actionable intelligence provided by automated meter
reading technology. Earlier, automated reading systems were used to collect billing data. Now,
automated meter data collection allows companies to improve customer services be enabling them to
manage high consumption periods. The use of such technologies also protects the utilities' revenues by
mitigating issues such as non-usage periods.”
Browse full report with [email protected] https://marketreportscenter.com/reports/349512/global-smart-watermanagement-market-2016-2020
According to the report, rising operating costs will be a key driver for market growth. Aging water
infrastructure, the need to manage capital costs, increasing energy costs, expanding regulation, and
tight financing are the major concerns for the water industry. Volatile energy costs are critical concerns
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prompting governments worldwide to implement smart water management solutions. Energy costs
represent the highest expense in water treatment in countries such as Germany, the UK, and other
European countries. In Germany, water treatment facilities alone accounted more than 20% of the
energy consumption in 2014.
Further, the report states that lack of investment will be a challenge for the market. One of the major
inhibitors of the growth of the smart water management market in the US is the lack of funding from
the US Department of Energy in the water sector compared to other industries such as defense and
electricity. The smart technology involves significant upfront costs that many water utilities agencies are
reluctant to pay. Due to budgetary constraints, the US government has been slow to adapt advanced
metering infrastructure.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
Request A Sample copy of This Report @ https://marketreportscenter.com/request-sample/349512
About Water
Water is a vital and a critical resource for a city. The resource needs to be managed and conserved
efficiently for future use and address daily needs of water, especially in times of low precipitation and
drought conditions. Many a times, heavy rainfalls bring flooding that damages homes, city
infrastructure, and spreads water-borne diseases. These climatic conditions cannot be controlled
through human intervention, but preparation can be done to face these situations. Thus, managing
water resources efficiently and building a smart infrastructure to avoid such instances have become vital
to any nation.
Technavio’ s analysts forecast the global smart water management market to grow at a CAGR of 19%
during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart water
management market for 2016-2020. To calculate the market size, the report considers the revenue
generated from hardware, solutions, and services.
The market is divided into the following segments based on geography:
Americas
•APAC
•EMEA
Technavio's report, Global Smart Water Management Market 2016-2020, has been prepared based on
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an in-depth market analysis with inputs from industry experts. The report covers the market landscape
and its growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
To Get Discount On The Report @ https://marketreportscenter.com/request-discount/349512
Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]
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