Smart water management is defined as a process of collecting, sharing and analyzing data from water equipment and networks. The system is useful in locating leaks in reservoirs, lowering energy use, and predicting equipment failure. The depletion of water resources has brought up awareness among the people for proper management to reserve water. A number of organizations have started the usage of smart water management systems in order to reduce water shortages and improve operations. The demand for smart water management has been growing in the recent past due to factors such as water scarceness, water pollutions, and insufficient water supplies across the globe. The introduction of smart meters which use two-way communications for monitoring and controlling water flow has fueled the market for smart water management. These advanced meters also feature properties such as pressure control, security, and quality sensors to meet the needs for clean and sanitized water. However, the lack of knowledge in order to increase efficiency can pose a threat to the growth of the market.
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The smart water management market has been segmented on the basis of product and applications. The market has been further sub-segmented to hardware and software. Hardware includes automated meter reading (AMR) meters, advanced meter infrastructure (AMI) meters, and other network meters. AMI meters are anticipated to have considerable share in the market during the forecast period attributed to its features such as accurate meter readings, energy voltage detection and reaction to power outgas, financial, and security. Additionally, the utilization of AMI meters allows users to control electricity consumptions, costs, and bills. On the basis of application, the market has been categorized into residential, commercial, and industrial.
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Market Segmentation
Global Smart Water Management Market by Product
- Hardware
- Automated Meter reading (AMR)
- Advanced Meter Infrastructure (AMI)
- Other
- Software and Services
Global Smart Water Management Market by Application
- Residential
- Commercial
- Industrial
Regional Analysis
North America
- The US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- ABB, Ltd.
- Arad Group
- Badger Meter, Inc.
- Diehl Stiftung & Co. KG
- Emerson Electric Corporation
- ET Water Systems, Inc.
- Hitachi Ltd
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