The Connected Home Water Management Market in North America, Forecast to 2023 - Featuring Profiles on Phyn, DROP, Flo by Moen, Culligan International, and Flume Tech

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Jan 06, 2020, 16:15 ET

DUBLIN, Jan. 6, 2020 /PRNewswire/ -- The "North American Connected Home Water Management Market, Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

This research service investigates the North American market for connected home water management.

With an evaluation of the growth environment and market revenues and forecast, the study delivers visioning scenarios and a growth pipeline, which identifies opportunities in vision and strategy and in brand and demand, along with a Growth Opportunities Matrix that participants can use to determine/evaluate their growth zones.

Leading stakeholders in the market, including key equipment manufacturers, regulators, and customers, have contributed to this research. Data and primary research inputs have been aggregated and analyzed to determine key market opportunities over the forecast period (2019-2023).

Market Insights

The emergence of smart home products and solutions, grounded by platforms such as Amazon Alexa and Google Assistant, has created an entirely new market vertical in the residential water management space. This opportunity is driven both by the value of greater smart home integration and the benefits of greater control and information on water management products.

Demand, however, is being opened up primarily by manufacturers, rather than a strong organic demand from the consumer end. With the larger demand and growth in connected homes, manufacturers of residential water treatment products want to ensure that they are ready to capitalize on the expected future growth.

Furthermore, market leadership in digital connectivity can help shape the market to a participant's advantages and strengths. Participants enter the market in a number of ways. The organizations may take existing products and make them connected solutions, or they may use their expertise in the industry to create distinct devices that tackle broader home water management issues, while other participants may focus on digital cloud platforms to create a business-to-business (B2B) offering.

Whole house leak detection, moisture sensors, flow monitoring, filtration and softening, and fixtures look for digital and connected solutions to enhance home control and optimization. Benefits range from lower energy bills, prevention of bursts, leak remediation, optimized ordering of softening salts and filter replacements, remote and automatic water flow shut-off, and routine diagnostics, and performance evaluation.

The ability, however, for each market participant to understand when is the best time to enter the market and how, or how an organization can best generate consumer traction, is critical in this type of growing market. Each market participant needs to engage in careful planning, and execute a strategy to position themselves for growth and allow for flexibility in evolution to cater to demand as it matures.

Key Topics Covered

1. Executive Dashboard

Purpose of this Experiential Study
5 Step Process to Transformational Growth
Strategic Imperatives for Connected Home Water Management Market Participants
Growth Opportunities for Equipment Suppliers

2. Growth Environment - Market Overview

Market Scope and Segmentation
Market Landscape
Background to the Connected Home Water Management Market
Market Drivers and Restraints
Drivers Explained
Restraints Explained

3. Market Forecast

Market Revenues
Market Revenues Discussion
Market Participant Profile - Phyn
Market Participant Profile - DROP
Market Participant Profile - Flo by Moen
Market Participant Profile - Culligan International
Market Participant Profile - Flume Tech

4. Visioning Scenarios

Macro to Micro Visioning
Social and Demographic Trends
Industry Mega Trends
New Business Models
Disruptive Technologies
Competitive Landscape Trends
Top Predictions for the North American Connected Home Water Management Market

5. Growth Pipeline

Levers for Growth

6. Vision and Strategy - Growth Opportunities

Growth Opportunity 1 - Business Models
Growth Opportunity 2 - New Capabilities
Growth Opportunity 3 - Vertical Integration
Growth Opportunity 4 - Geographic Expansion
Growth Opportunity 5 - Investment/M&A

7. Brand and Demand - Growth Opportunities

Growth Opportunity 6 - Brand Recognition
Growth Opportunity 7, 8 - Thought Leadership and Outbound Marketing
Growth Opportunity 9 - Customer Research
Growth Opportunity 10 - Upsell/Cross-sell

8. Growth Opportunities Matrix

Identifying Your Company's Growth Zone
Growth Opportunities 1-5 - Vision and Strategy
Growth Opportunities 6-10 - Brand and Demand
Growth Opportunities Matrix

9. Growth Strategy and Implementation

Growth Strategies for Your Company
Prioritized Opportunities Through Implementation

For more information about this report visit https://www.researchandmarkets.com/r/nhiqn4

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