Smart Water Management Market Size to Reach USD 18.90 Billion in 2028 | Investments to Develop Smart ICT-Based Water Management Systems in Order to Operate Water Infrastructure More Efficiently is a Key Factor Driving Industry Demand, says Emergen Research

VANCOUVER, BC, Sept. 2, 2021 /PRNewswire/ -- The global smart water management market size is expected to reach USD 18.90 Billion in 2028 and register a CAGR of 12.6% over the forecast period, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing government initiative to establish a smart water management system based on Information and Communications Technology (ICT) in order to operate and manage water infrastructure more efficiently.

Rising need for enhancement of irrigation systems has been driving rapid adoption of smart water management solutions in the agriculture sector. Increasing adoption of wireless sensors in the agriculture sector to monitor humidity levels and soil moisture is expected to boost demand for smart water management solutions. A combination of mobile communication, Internet, wireless sensor technology, and GPS helps in monitoring of plant growth, fertilizer usage, and scheduling of irrigation. The ability to ascertain daily water consumption with the help of data gathered and analyzed by sensors prevents both damage due to drought stress and water loss due to excessive watering.

Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/718

Companies are launching smart irrigation management solutions such as cloud-based high-performance big data computing platforms to calculate local evapotranspiration value for any location. In addition, the ongoing trend of smart cities is another key factor contributing to rising utilization of smart water management systems for better management of water resources and energy.

Some Key Highlights From the Report 

• In January 2021, Itron entered into a partnership with Floresti Communal Services in Moldova in Eastern Europe. Through this partnership, Itron will deploy its Water Operations Management (WOM) solution, wide-area low-power network, and residential and Commercial & Industrial (C&I) water meters to improve operational efficiency and help conserve water in Moldova.
• Solution segment accounted for largest revenue share in 2020. Rising need to assess the performance of water infrastructure assets placed at different geographical locations is driving adoption of asset management solutions that are remote monitoring solutions.
• Commercial & industrial segment accounted for a relatively larger revenue share in the global smart water management market 2020. Increasing deployment of smart water metering across commercial and industrial sectors to increase water operation management efficiency is expected to continue to drive revenue growth of the smart water management systems market.
• Revenue from the smart water management market in Asia Pacific is expected to expand at a rapid rate during the forecast period. Increasing government investment to develop a smart water management system based on ICT in order to operate the infrastructure more efficiently is supporting market growth. 
• Key players in the market include ABB, IBM, Honeywell Elster, Siemens, Itron, Schneider Electric, SUEZ, Oracle, Landis+Gyr, and SENSUS.

Make Payment [Buy your Exclusive copy]@ https://www.emergenresearch.com/select-license/718

Emergen Research has segmented the global smart water management market on the basis of offering, end-use, and region:

• Offering Outlook (Revenue, USD Billion; 2018–2028)
• Service
• a. Professional Services
• b.  Managed Services
• Solution
• a.  Distribution Network Monitoring
• b.  Meter Data Management
• c.  Asset Management
• d.  Supervisory Control and Data Acquisition (SCADA)
• e.  Analytics
• f.  Smart Irrigation Management
• g.  Others
• Water Meters
• a.  AMI Meters
• b.  AMR Meters
• End-use Outlook (Revenue, USD Billion; 2018–2028)
• Residential
• Commercial & Industrial          

Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/smart-water-management-market

• Regional Outlook (Revenue, USD Billion; 2018–2028)
• North America
• a.  U.S.
• b.  Canada
• c.  Mexico
• Europe
• a.  Germany
• b.  France
• c.  U.K.
• d.  BENELUX
• e.  Italy
• f.  Spain
• g.  Switzerland
• h.  Rest of Europe
• Asia Pacific
• a.  China
• b.  Japan
• c.  South Korea
• d.  India
• e.  Rest of APAC
• Latin America
• a.  Brazil
• b.  Rest of LATAM
• Middle East & Africa
• a.  Saudi Arabia
• b.  UAE
• c.  Israel
• d.  South Africa
• e.  Rest of MEA

Explore Similar Reports offered by Emergen Research:

The Global Soil Monitoring Market size was valued at USD 345.6 Million in 2019 and is forecasted to reach USD 872.3 Million by 2027 at a CAGR of 13.0%. The soil monitoring market is mainly driven by the rising need to improve farm productivity in order to meet the food demand from the growing population all over the world.

The Global Drip Irrigation Market size was valued at USD 5.22 Billion in 2019 and is forecasted to reach USD 11.25 Billion by 2027 at a CAGR of 10.7%. The market is mainly driven by the rising demand for an efficient irrigation system. Increasing government initiatives regarding water conservation have resulted in the growing need for an enhanced and effective irrigation system.

The global Artificial Intelligence in energy market reached a market size of USD 3.82 Billion in 2020 and is expected to register a CAGR of 23.6% during the forecast period. Market revenue growth is primarily driven by increasing need to obtain operational efficiency to meet the energy requirement. Rising need to make grids smarter to meet requirements of changing energy systems is driving global Artificial Intelligence in the energy market growth.

The global residential energy storage market size reached USD 6.97 Billion in 2020 and is expected to register a double-digit CAGR of 20.8% during the forecast period. Market revenue growth is primarily driven by decreasing cost of batteries. Development of battery storage in the power industry is driving increasing demand for lithium-ion batteries in residential energy storage systems.

The global green technology and sustainability market size reached USD 10.94 Billion in 2020 and is expected to register a CAGR of 25.8% during the forecast period. Market revenue growth is primarily driven by rising awareness among consumers regarding environmental degradation and global warming.

 About Emergen Research 

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com 
Direct Line: +1 (604) 757-9756
E-mail: [email protected] 
Explore Our Custom Intelligence services | Growth Consulting Services 
Facebook | LinkedIn | Twitter | Blogs 
Read Full Press Release@ https://www.emergenresearch.com/press-release/global-smart-water-management-market

SOURCE Emergen Research