According to the new market research
report "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",
is expected 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.
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The
major drivers of this market include the need for lower operational and
administration costs, as telecom cloud is hosted on cloud platform. It offers
flexible pricing for products & services and allows managing various types
of revenue without constraints.
Reduction in operating costs is the
major driver for the penetration of SCADA in water and wastewater industries
Water
utilities are under pressure to provide good quality water, but are struggling
with their outdated infrastructure. The SCADA solution aims at reducing energy
costs in pumping water through the distribution network, streamlining water
utility operations, and 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.
Browse and
in-depth TOC on "Smart
Water Management Market"
78
- Tables
43
- Figures
139
- Pages
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TOC @
Ease of operations and
timely maintenance of assets are the driving factors for the growth of
professional services
The
professional services are classified into three major categories, such as
maintenance and support, consulting, and deployment and integration. These
services help in enhancing efficiency and increasing growth along with reducing
operating expenses and resource losses. These services aid the client in
designing, planning, and deploying new systems into their existing facility.
North America is
expected to hold the largest market share of SWM, followed by Europe.
North
America and Europe are expected to hold large market shares and dominate the
SWM market from 2016 to 2021. The main drivers responsible for the growth of
SWM solution in North America are the
sustainable energy demand, technological advancements, and reducing aging
infrastructure demands. The SWM market in Latin America, Asia-Pacific (APAC),
and Middle East and Africa (MEA) is expected to witness high growth rate due to
the demand of infrastructural projects for asset management capabilities across
departments, facilities, and business units.
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The major vendors
covered in the SWM market for this study include ABB Group (Switzerland), IBM
Corporation (U.S.), General Electric (U.S.), Itron (U.S.), and Schneider
Electric (France).
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Research Insight: https://www.marketsandmarkets.com/ResearchInsight/smart-water-management-market.asp
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/smart-water-management-market.asp
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