Summary – A New Market Study, “Global Smart Water Management Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence and Industry Outlook, 2018-2026” Has Been Featured On Wiseguyreports.
Smart water management is a way to collect, share, and analyze data from water equipment and water networks. It provides a more resilient and efficient water supply system, which reduces cost and improves sustainability. Smart water management is gaining popularity across the globe, owing to water scarcity and the increasing need for water conservation. Smart water management solution providers are offering smart water technologies to help users in managing the chronic shortage of water.
Smart water management has been primarily adopted by chemical and manufacturing industries to reduce water wastage and for the efficient use of their resources. Smart water management technology helps various organizations in identifying the network issues, enhancing customer engagement in water conservation, and most prominently, in reducing non-revenue water losses due to the damage to infrastructure.
The global smart water management system market is expected to reach US$ 29.8 billion by 2023, growing with a high CAGR during the forecast period. The market is witnessing growth due to the growing scarcity of water, coupled with the increasing demand for water conservation across the globe. Various organizations and governments are taking initiatives to meet the rising demand for water globally. In addition to these, regulatory bodies are implementing smart water technologies for the efficient management of distribution channels, for updating water management solutions, decreasing maintenance cost, and for reducing non-revenue losses of water due to thefts and water leakage. Such factors are further expected to drive the smart water management market growth in the coming years.
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This Smart Water Management market report covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An exclusive coverage has been provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the segments market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the market in the near future.
The smart water management market has been segmented based on the product type into the cellular network, advanced water meters, and meter read technology. Advanced water meters are further divided into Advanced Metering Infrastructure (AMI) and Automated Metering Reading (AMR). Advanced Metering Infrastructure (AMI) is expected to dominate the market in the year 2018, due to the operational benefits it offers such as accuracy in meter reading, detection of energy theft, and response to power outages, along with security and financial advantages.

Reduction in operating costs is accelerating the penetration of SCADA in water industries
Water utilities are under pressure to provide good quality water, but are struggling with their outdated infrastructure. The SCADA solution helps in reducing energy costs in pumping water through the distribution network, streamlining water utility operations, and in enhancing asset management for water and wastewater utility infrastructure. The option of remote access in SCADA solutions enables utilities to access water usage data even from smartphones, laptops, and tablets.

North America is dominating the smart water management market
North America is dominating the smart water management market in 2018, owing to the growth of SWM solution in the U.S. and Canada. In addition to this, smart water management is dominating in the market due to its sustainable energy, technological advancements, and reducing aging infrastructure demands.
The Asia Pacific smart water management market is the fastest growing market during the forecast period, due to the rising government initiatives taken to raise awareness among people and development of smart cities. In 2011, the government of China launched its 12th Five-Year Plan that includes the guidelines for economic development during 2011-2015. In this plan, two of the key themes such as “Sustainable Development” and “Scientific Development” are related to smart water management.
The global smart water management market is a highly competitive market due to the presence of various international, regional, and local vendors. The demand for smart water management is expected to grow over the coming years due to rising investments in R&D by the key players, such as Evoqua Water Technologies, General Electric Co., and others. To expand the market, the majority of the vendors are adopting new technologies and product launches to gain competitive advantage in the global market. The smart water management market is being largely driven by new product launches and acquisitions.
The competition in the global smart water management market is intense as various international and regional vendors are providing the new technology to various end-use industries for the expansion of the market. Smart water management vendors are emphasizing on investing in R&D facilities to boost technology development. The key players and emerging vendors have improved manufacturing techniques and their products, in order to have a competitive edge over others. Furthermore, companies are involved in acquisitions and expansions to improve their product offerings and increase the production process. Industry players have developed partnerships and collaborations for addressing the demand and for strengthening their presence across the globe..
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