Oct 7, 2019
Latest Market Analysis Research Report on “Global Smart Water Network Market” has been added to Wise Guy Reports database.
Pune , India - October 7, 2019 /MarketersMedia/ —
Global Smart Water Network Industry
As per Wise Guy report, Smart water network is an integration of hardware and software solutions for remote monitoring, diagnosis and optimization of the water network by water utilities. Control devices, sensors, and data management systems provide information in real time to enhance productivity, effectiveness, and customer satisfaction. The smart water meter market's income forecast estimates it will expand from $1.4 billion in 2018 to $4.6 billion in 2025 at a CAGR of 18.5 percent. The smart meter segment was responsible for this market's major shares. The smart meter offers enhanced water utilities help and better management of their water networks. Market suppliers use state-of - the-art techniques such as automatic meter reading or sophisticated metering facilities (AMI) to record patterns of water consumption and produce precise bills accordingly.
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Smart communication solutions such as LPWAN networks and cloud-based information analytics and software solutions are the main technologies that allowed its development and penetration. Automated meter reading (AMR) and/or automated metering (AMI) infrastructure has been allowed by LPWAN. Automated meter reading allows one-way communication between meter and water utility, while automatic metering infrastructure allows two-way communication between meter and water utility.
As per the report, Water stress, Rapid urbanization, and climate change have compelled urban water utilities to embrace intelligent alternatives that make effectiveness and optimization possible. Smart water meters have made it possible for utilities to recover expenses, maintain water infrastructure, guarantee optimum distribution, decrease waste, enhance system and resource efficiency, and provide quality service to clients (including precise billing and water conservation).
In the report, based on product and implementation, the smart water leadership market is segmented. The market is divided into hardware and software based on the product. The market is divided into residential, commercial and industrial on the grounds of implementation. The industrial segment is anticipated to have an important share in the market for smart water leadership as water is used widely in various industries for manufacturing reasons. Extensive main and secondary research is integrated into the market study of the smart water management system market. Secondary study was carried out in order to refine the accessible information in order to break down the market in different sections, derive complete size of the market, market forecast and growth rate. Market value and market growth rate were derived from different methods. To provide a better regional perspective, our team gathers market-related facts and information from distinct geographies. The study provides the country-level assessment by evaluating different regional players, regional tax legislation and policies, customer behavior and macroeconomic variables.
According to the report, Geographically, North America, Europe, Asia-Pacific and the remainder of the globe (RoW) are regionally segmented. This market research estimates that the Americas will be the main market contributor in terms of geographic areas by 2023. The region's regulatory officials and water utilities are adopting intelligent techniques to streamline water management. Together with ICT, the intelligent water management solutions industry will assist decrease maintenance and repair expenses, thus boosting demand for the region's intelligent water network. This study focuses on the status of the worldwide Smart Water Network, future forecasts, and opportunities for development, main market and important players. The goals of the research are to show the growth of the Smart Water Network in the United States, Europe and China.
Growing water management issues, including aging infrastructure, increasing energy expenses and increasing populations, generate important demand for an intelligent water management solution. Smart water management can solve these constraints by using self-optimizing devices and analytics to help proactive choices.
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Source: MarketersMedia
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