19.08.2016, 18:06
Smart Water Management Market by Advanced Water Meters, Solution, Service
OREANDA-NEWS. Smart Water Management Market by Advanced Water Meters (Meter Type & Meter Read Technology), Solution (Network Monitoring, Advanced Pressure Management, SCADA System, Advanced Analytics, Residential Water Efficiency), Service - Global Forecast to 2021..., Market Research Report: MarketsandMarkets.
The Smart Water Management market is estimated to grow from USD 8.46 Billion in 2016 to USD 20.10 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.9% during the forecast period. The base year considered for the study is 2014 and the forecast period is from 2016 to 2021. Cloud-based services, advanced analytics, and IoT technology are some of the disruptive technologies likely to impact the future of the market.
The integration of Smart Water Management helps enterprises’ systems monitor, analyze, and control & manage water network related data from smart water meters. The solutions like Advance Metering Infrastructure (AMI), Supervisory Control and Data Acquisition (SCADA) and Meter Data Management (MDM) already have high global acceptance in the utility industry; however, new and emerging solutions such as network monitoring and smart irrigation are expected to witness high growth rate in the future. The Smart Water Management market is expected to grow at a high rate during the forecast period. North America is expected to hold the largest market share of the market, followed by Europe as both the regions will show high adoption rate of Smart Water Management systems.
Objectives of the Study:
This report aims to estimate the market size and future growth potential of the market across different segments such as advanced water meters, solutions, services, and regions. The report also focuses on information regarding the key factors (drivers, restraints, opportunities, and challenges) influencing market growth. Additionally, the opportunities in Smart Water Management market are providing strategic profiles of the key players to the stakeholders present in the market, thereby allowing the stakeholders to comprehensively analyze the core competencies, and to draw the competitive landscape of the market.
The research methodology used to estimate and forecast the Smart Water Management market begins with capturing data on key vendor revenues through secondary research such as International Telecommunication Union (ITU) report. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global Smart Water Management market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.
The market ecosystem comprises Smart Water Management product providers such as ABB Group (Switzerland), General Electric (U.S.), Itron (U.S.), among others; solution providers such as IBM Corporation (U.S.) and Schneider Electric (France), among others; and service providers such as ABB Group (Switzerland), General Electric (U.S.), Itron (U.S.) and Schneider Electric (France), among others that maintain and update the entire software system and sell them to end users to cater to their unique business requirements.
The Smart Water Management market is estimated to grow from USD 8.46 Billion in 2016 to USD 20.10 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.9% during the forecast period. The base year considered for the study is 2014 and the forecast period is from 2016 to 2021. Cloud-based services, advanced analytics, and IoT technology are some of the disruptive technologies likely to impact the future of the market.
The integration of Smart Water Management helps enterprises’ systems monitor, analyze, and control & manage water network related data from smart water meters. The solutions like Advance Metering Infrastructure (AMI), Supervisory Control and Data Acquisition (SCADA) and Meter Data Management (MDM) already have high global acceptance in the utility industry; however, new and emerging solutions such as network monitoring and smart irrigation are expected to witness high growth rate in the future. The Smart Water Management market is expected to grow at a high rate during the forecast period. North America is expected to hold the largest market share of the market, followed by Europe as both the regions will show high adoption rate of Smart Water Management systems.
Objectives of the Study:
This report aims to estimate the market size and future growth potential of the market across different segments such as advanced water meters, solutions, services, and regions. The report also focuses on information regarding the key factors (drivers, restraints, opportunities, and challenges) influencing market growth. Additionally, the opportunities in Smart Water Management market are providing strategic profiles of the key players to the stakeholders present in the market, thereby allowing the stakeholders to comprehensively analyze the core competencies, and to draw the competitive landscape of the market.
The research methodology used to estimate and forecast the Smart Water Management market begins with capturing data on key vendor revenues through secondary research such as International Telecommunication Union (ITU) report. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global Smart Water Management market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.
The market ecosystem comprises Smart Water Management product providers such as ABB Group (Switzerland), General Electric (U.S.), Itron (U.S.), among others; solution providers such as IBM Corporation (U.S.) and Schneider Electric (France), among others; and service providers such as ABB Group (Switzerland), General Electric (U.S.), Itron (U.S.) and Schneider Electric (France), among others that maintain and update the entire software system and sell them to end users to cater to their unique business requirements.
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