What is Smart Water Grid?
A Smart Water Grid (SWG) is a two-way real-time network that uses field sensors, measurement, and control devices to monitor and diagnose faults in the water system remotely and continuously. Smart water metres can track a variety of variables, including flow, pressure, temperature, quality, and energy consumption. Utilities can view real-time consumption and distribution system performance in smart water metre technology. Utilities can use the data collected from smart metres to better analyse data and spot strange patterns or changes in the network. This solution aids in the prevention of impending failures as well as the reduction of response time in the case of a failure. These metres aided in the monitoring of a variety of variables, as well as the promotion of water conservation and the reduction of water losses. . Furthermore, growing concerns about environmental damage caused by fossil-fueled power plants have boosted demand for renewable energy. However, new kinds of energy, such as wind and solar, are highly variable.
The market study is broken down, by Application (Residential, Commercial and Utility) and major geographies with country level break-up.
The increasing number of competitors likely to enter the global market is expected to increase competition while also encouraging market expansion in the near future. Players are expected to concentrate on the development of electric and hydraulic compounds, which would likely drive the global market forward throughout the forecast period. Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global Smart Water Grid market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Xinapse Systems Ltd (United Kingdom), Prezi Inc. (Hungary), Wetsus (Netherland), The Whitmore Group (United States), Arqiva (United Kingdom), Badger Meter Inc (United States), Toshiba Corporation (Japan), Itron Inc (United States), ABB Group (Switzerland), Neptune Technology Group Inc (United States), Siemens Ag (Germany) and Sensus, a Xylem brand (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Smart Water Grid market by Type, Application and Region.
On the basis of geography, the market of Smart Water Grid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Control & Automation will boost the Smart Water Grid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In December 2021- Atos, Siemens, and Morocco’s are announce their partnership on a project for smart grid management. Atos and Siemens are developing a smart energy metering platform that will allow ONEE to efficiently process data collected by more than 100,000 smart meters that will be installed across the country, allowing the company to optimize energy consumption and grid management while meeting Morocco's growing energy demands.
Market Trend
- Decreasing water supply across the globe and increasing need for conservation
Market Drivers
- Growing Inclination towards Smart Water Grid
- Government investing in the smart devices and technologies in water distribution
- Rising awareness for water Consumption
Opportunities
- Growing demand from the private entities which have a large water distribution network
- Increasing demand due to population growth and urbanizations
Restraints
Challenges
- The cost to update the current infrastructure and implement this technology is high
Key Target Audience
Smart Water Grid providers, Smart Water Grid Suppliers, Research and Development (R&D) Companies, Government and Regulatory Bodies, Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.