Smart Water Management Market (Component Types - Hardware, Solutions, Services; Meter Read Technology - Fixed network, Cellular network) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019
Albany, NY -- (SBWIRE) -- 06/21/2016 -- Transparency Market Research's new study on the global smart water management market delves into its dynamics for the 2013-2019 period. According to the report, the market will reach a valuation of US$15.23 bn by 2019 increasing from US$4.81 bn in 2012 at a CAGR of 17.7% therein. The report is titled "Smart Water Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019."
Smart water solutions and services are mostly sought in urban areas, especially in regions with low education levels and an economic disadvantage. The lack of regulatory support in Africa and Western Asia for controlling water quality is also necessitating the adoption of smart water solutions and services in these regions.
The global market for smart water management (SWM) is propelled by factors such as the lack of water management in urban areas, an aging water infrastructure, and the need to lessen non-revenue water. Across the world, government programs for the deployment of smart water technologies will also drive this market. Strict environmental standards in place mandated by accredited water regulatory bodies will also propel the growth of this market in the coming years. However, factors such as the apprehension of water utilities for the adoption of cloud services and the price factor of advanced metering infrastructure (AMI) are challenging the market's growth.
Avail a Sample Research Study on Smart Water Management Market
The component segments of the SWM market are hardware, services, and solutions. In 2012, the hardware segment dominated and contributed a revenue of 40.1% to the global market. The segment is expected to retain its position until the end of the forecast period. However, the solutions segment will display a faster growth rate owing to the increasing demand for advanced software such as ReadCenter AnalyticsPro and ReadCenter Analytics+, Hymer (Orbicon), and Intelligent Operations Center software among others.
In 2012, North America stood as the leader, contributing 47.5% revenue to the global smart water management market. Growth in this region is attributed to the aging water infrastructure, which has chances of pipe leakage and bursts resulting in increased customer complaints. The increasing investments in smart water technologies along with a focus on smart irrigation and reducing non-revenue water will also drive the North America smart water management market.
Browse Market Research report at
Asia Pacific will emerge as the fastest-growing market for smart water management, displaying a 23.7% CAGR between 2013 and 2019. The regional market of Asia Pacific will grow due to factors such as the variable rainfall pattern here, global warming, aging water infrastructure installed at the time of rapid economic development, and the need for safe and potable water. Natural water reservoirs rich in minerals and salts that are present across countries such as China, Japan, and India also require water solutions and services for the preservation of these resources.
The global market for SWM is highly fragmented with the presence of a large number of local players in each region. In 2012, local and regional players held a share of 67.1% in the global market for smart water management solutions and services. Itron Inc. stood as the market leader in 2012. Some other players in this market are Arad Metering Technologies, Sensus USA Inc., I20 Water Ltd., TaKaDu Ltd., ABB Ltd., Schneider Electric SA, and General Electric Company.
Global smart water management market segmentation:
Smart water management market analysis, by component
Smart water management market analysis, by meter read technology
Smart water management market, by geography
RoW (Rest of the World)
About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.