Smart water management market worth $12B by 2018, according to report
A new report analyzes the major smart water management market drivers, restraints and opportunities across the globe.
DALLAS, TEXAS, Oct. 28, 2013 -- A new report conducted by MarketsandMarkets on the global smart water management (SWM) market analyzed and studied the major market drivers, restraints and opportunities in North America, Europe, Middle East and Africa, Asia Pacific, and Latin America.
Titled "Smart Water Management Market - Smart Water Meters, EAM, Smart Water Networks, Analytics, Advanced Pressure Management, MDM, SCADA, Smart Irrigation Management, Services - Worldwide Market Forecasts and Analysis (2013 - 2018)," the study reports that the SWM market is expected to grow from $5.43 billion in 2013 to $12.03 billion in 2018, at an estimated compound annual growth rate (CAGR) of 17.2 percent from 2013 to 2018. The North American region is expected to be the prime market for SWM in terms of revenue contribution.
The report broadly sub-segments the SWM market by devices: one-way (automated meter reading (AMR)) water meters and two-way (advanced metering infrastructure (AMI)) water meters; solutions: enterprise asset management (EAM) for water and wastewater utilities, water distribution network monitoring, advanced pressure management, supervisory control and data acquisition (SCADA), advanced analytics, meter data management (MDM), residential water efficiency software, and smart irrigation management systems; and services: valve management, pipeline condition assessment, hydrant management, and information management.
The report also draws the competitive landscape of the SWM market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. The key strategies followed by most of the companies in the SWM market are innovative technologies and cloud-based solutions which defer capital expenditure and customized solutions for water utilities.
Access the full report here.