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Smart Water Management Market by Advanced Water Meters, Solution, Service - Global Forecast to 2021

Smart Water Management Market: Global Forecast until 2021

  • August 2016
  • 141 pages
  • ID: 4070746
In this report:
The table given above highlights the SWM market size by meter read technology in the U.S. This market is expected to grow from ##,## thousand units in 2016 to ##,## thousand units in 2021, at a CAGR of ##.##% from 2016 to 2021.
The table given above highlights the SWM market size by advanced water meter shipments in the U.S. This market is expected to grow from ##,## thousand units in 2016 to reach ##,## thousand units by 2021, at a CAGR of ##.##%.

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"The need to restrict non-revenue losses across the world and increasing importance of sustainable energy use are some of the factors projected to drive the Smart Water Management market"

The SWM market size is forecasted to grow from ~$8.5B in 2016 to ~$20.1B by 2021, at a CAGR of 18.90 percent. The rise is assigned to the growing need to restrict non-revenue losses occurred due to aging infrastructure across the globe. The increasing importance of sustainable energy use in the Asia-Pacific regions owing to increasing economy and infrastructure need, and high technological spending in North America continent and EU are also driving the increase of the SWM market in these areas.

"Increasing smart city projects and smart water irrigation management system is anticipated to gain prominent traction during the outlook period"

The smart cities and water conservation for irrigation system is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period. SWM is ideal for urban development where it can enhance the quality of life with improved technology, economic structure, and environmental change in the interest of smart cities. SWM systems need regular maintenance while the software solutions need to supervise the lifecycle activities of utility for high return on market investments.

"North America (NA) is anticipated to witness a high increase potential during the outlook period"

North America continent is forecasted to account for the biggest market share in 2016. The drivers responsible for the rise of SWM market in North America (NA) are stable economy, technological improvements, and newer infrastructure demands. With the rising use of SWM solutions in government & utilities and manufacturing verticals in the U.S.A, the SWM market in this area is set to grow at a quick pace in the territory.

In the process of finding out and checking the market value for various segments and subsegments collected by secondary research, extensive primary audit sessions were managed with main industry personnel. The break-up profile of primary discussion participants is presented below.

• By Company category: Tier-1 (35.0 percent), Tier-2 (40.0 percent), and Tier-3 (25.0 percent) firms

• By Description: C-suite (40.0 percent), D-level (30.0 percent), and others (30.0 percent)

• By Area: North America continent (40.0 percent), Asia Pacific (APAC) (25.0 percent), Europe (EU) (20.0 percent), and Rest of World (15.0 percent)

The analysis will facilitate the market top players/new sector entrants in SWM market in these ways:

1. The SWM document breaks down the market into different sub-segments covering this sector overall. The market research offers the closest approximations of the market size for the global market and the subsegments.

2. The SWM report will facilitate in the understanding of the competitors better and acquire additional insights to strengthen one's market position. There is a separate division on opposing landscape, which comprises competitor landscape and mergers and acquisitions, alliances, and collaborations. Also, there are company profiles of the top ten actors in the SWM market, where industry internals that can put one ahead of the competitors, have been provided.

3. The SWM report also helps in understanding the global increase of the market. It offers info on main market drivers, market restraints, opportunities, and alternatives.

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