Latin America is expected to grow owing to need for conservation of water resources. Water utilizes and water regulatory authorities across the globe need to proactively adopt smart technology solutions to streamline their operations. In the Latin America, most of the south west region has been witnessing water scarcity owing to dry desserts. The Latin America market has been featured by enormous variations in the economic, social and political structures for private investments. Developing economies such as Brazil, Argentina, Mexico and others promise a positive growth for the Latin America smart water management market.
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Further, Brazil is one of the countries that are either equivalent or is 5 years behind North America or Europe in terms of the adoption of new technologies. Implementation of IoT in Brazil is increasing rapidly owing to the significant contribution of government. IoT will soon be an opportunity in Africa that cannot be ignored by African businesses. More than 630 million people live without any access to electricity in Africa, and about 40 billion hours are spent fetching water every year in the sub-Saharan region. Traditional utility providers are facing challenges in serving the population of the continent. Smart metering is gaining popularity along with IoT companies receiving tens of millions of dollars in investment over the last five years in Africa.
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Market Segmentation
Latin America Smart Water Management Market by product
- Hardware
- Automated Meter Reading
- Advanced Meter Infrastructure
- Other Hardware
- Software And Services
Latin America Smart Water Management Market by Application
- Residential
- Commercial
- Industrial
Regional Analysis
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Company Profiles
- ABB, LTD.
- Hitachi, Ltd.
- Honeywell International, Inc.
- Itron, Inc.
- Schneider Electric SE
- SUEZ Group
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