DUBLIN, June 09, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/m9pnj5/smart_water) has announced the addition of the "Smart Water Management Market by Solutions (Network Monitoring, Pressure Management, Analytics, Meter Data Management), by Services (Valve and Information Management, Pipeline Assessment), by Smart Meter Types, by Region - Global Forecast to 2020" report to their offering.
The SWM market is expected to grow from $7,340.0 million in 2015 to $18,310.0 million by 2020, at a Compound Annual Growth Rate (CAGR) of 20.1% from 2015 to 2020.
Some of the key players in this market include IBM, General Electric, ABB, Itron, Elster Group, Schneider Electric, Sensus, and Takadu.
Most of the developed economies are now struggling with their aging infrastructure that often leads to pipe bursts, leakages, and consumer complaints. This results in a huge loss of Non-Revenue Water (NRW). With Government regulations in place all over Europe and North America regarding the quality standards of water supplied, the maintenance phase of the infrastructure has begun. The American Water Works Association (AWWA) predicts that about 1 million mile of pipes for drinking water in the U.S. is in need of replacement, which would require an investment of $1 trillion through 2035. This has acted as a major driving force for the smart water management market.
Currently, though the focus is high on adoption of advanced water meters, MDM, and SCADA solutions for water utilities in many countries, the scenario is expected to change and gradually incline toward smart technology solutions such as distribution network monitoring, advanced pressure management, and analytics. The adoption of cloud-based solutions for distribution network monitoring, which require absolutely no Capital Expenditure (Capex) from the utility's end, is expected to witness greater traction in the near future.
The smart water management market report has been segmented on the basis of devices, solutions, and services. Devices here include Advanced Water Meters which has further been classified on the basis of meter type, and meter read technologies. SWM solutions consist of Enterprise Asset Management (EAM), network monitoring, advanced pressure management, Supervisory Control and Data Acquisition (SCADA), advanced analytics, Meter Data Management (MDM), residential water efficiency, and smart irrigation. Services include valve management, pipeline condition assessment, hydrant management, and information management.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Water Management Market Analysis, By Advanced Water Meter
8 Smart Water Management Market Analysis, By Solution
9 Smart Water Management Market Analysis, By Service
10 Smart Water Management Market Analysis, By Region
11 Competitive Landscape
12 Company Profiles
- Electric, Sensus, and
- Elster Group,
- General Electric,
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SOURCE Research and Markets