Industry Background:
Demand for quality water management is increasing as the need for water increases and its availability hits a new low. This is also the reason why governments across the world are trying to promote smart water monitoring. Smart Water Monitoring is a solution that simplifies the monitoring of water quality and assists in providing safe water to the population globally. Smart Water Monitoring market is anticipated to have potential growth, due to the constant demand for control of quality and quantity through smart water monitoring techniques. Smart water monitoring is not only used to water utilities and large water plants but is also used at corporate and residential levels.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | ABB (Switzerland), Arad Group (Israel), AquamatiX (United Kingdom), Badger Meter (United States), Honeywell Elster (United States), Huawei (China), HydroPoint (United States), IBM (United States), i2O (United Kingdom), Itron (United States), Oracle (United States) and Siemens (Germany) |
This growth is primarily driven by Rising need for sustainable water solutions and Need for a significant reduction in loss due to non-revenue water.
Globally, a noticeable market trend is evident Rising need to replace the aging water infrastructure
The Business Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as ABB (Switzerland), Arad Group (Israel), AquamatiX (United Kingdom), Badger Meter (United States), Honeywell Elster (United States), Huawei (China), HydroPoint (United States), IBM (United States), i2O (United Kingdom), Itron (United States), Oracle (United States) and Siemens (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
September 2019 - IBM applied big data technology to improve water security in northern Kenya. IBM Research-Africa developed a cloud-hosted water management platform that connects a network of sensors for monitoring water levels and groundwater extraction rates in boreholes.
September 2019 - Siemens and Grundfos signed a digital partnership framework for the strategic cooperation between the two companies. The new partnership focuses on the complementary products and solutions provided by both parties in three main areas: water and wastewater applications, industrial automation, and building technology.
Influencing Trend:
Rising need to replace the aging water infrastructure and Growing Need to Manage the Increasing Global Demand for Water
Market Growth Drivers:
Rising need for sustainable water solutions and Need for a significant reduction in loss due to non-revenue water
Challenges:
Difficulty in technology implementation over the legacy infrastructure
Restraints:
Lack of digitally skilled workforce and The reduced shelf life of smart meters
Opportunities:
Rising global smart city initiatives and Government initiatives and regulatory implementations for promoting smart water solutions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Smart Water Monitoring Market
- Analysis about New Entrants in Smart Water Monitoring Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Smart Water Monitoring Study Sheds Light on
The Smart Water Monitoring Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Smart Water Monitoring industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Water Monitoring industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.