The global smart water management market is forecast to grow at a CAGR of 19% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Growing use of automated meter reading technology will be a key trend for market growth. Most of the utilities work to manage their water resources for energy production by using actionable intelligence provided by automated meter reading technology.
Earlier, automated reading systems were used to collect billing data. Now, automated meter data collection allows companies to improve customer services be enabling them to manage high consumption periods. The use of such technologies also protects the utilities' revenues by mitigating issues such as non-usage periods.
According to the report, rising operating costs will be a key driver for market growth. Aging water infrastructure, the need to manage capital costs, increasing energy costs, expanding regulation, and tight financing are the major concerns for the water industry. Volatile energy costs are critical concerns prompting governments worldwide to implement smart water management solutions. Energy costs represent the highest expense in water treatment in countries such as Germany, the UK, and other European countries. In Germany, water treatment facilities alone accounted more than 20% of the energy consumption in 2014.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Schneider Electric
- Arad Metering Technologies
- Blue-White Industries
- Greyline Instruments
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by products
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/w9f9wq/global_smart
Laura Wood, Senior Manager
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SOURCE Research and Markets