Your Catalyst to a Lucrative Business
Smart Water Grid Market Share, Size,Growth, Segmenatation,
Outlook and Forecasts to 2025 | Hexa Research
“ The global smart water grid market is expected to reach USD 10.27 billion by
2025.”
28 November 2018
The global smart water grid market is expected to reach USD 10.27 billion by 2025, driven by a growing emphasis
towards a reduction in non-revenue water, the necessity for accurate billing, restructuring of old infrastructure,
instantaneous monitoring of the grid, efficient fixing of leaks, and improved client engagement. Furthermore, the need
to conform to government regulations, expectations for increased safety and reliability with reduced cost and
development of smart cities have been the driving forces for the smart water grid market.
North America dominated the market in 2016 due to the advancement of the IT sector, which plays an integral part of
these networks. Advancement in technology has helped various factors such as water safety, managing severe weather
conditions and valuation of consumption. Europe followed suit, with an expected contribution of USD 2.96 billion by
2025 due to the increase in adoption of smart water meter compliances for better management.
Asia Pacific is anticipated to witness the fastest growth over the forecast period on account of increase in production
and sales of advanced metering infrastructure. Metering infrastructure is getting a boost from the increasing demand for
meters transmitting information through an accessible network.
Browse Details of Report @ https://www.hexaresearch.com/research-report/smart-water-grid-market
Fixed Radio Frequency (RF), Power Line Communications (PLC), Broadband over Power Line (BPL),
and other municipal grids such as cellular or landline networks are combined with the right metering
software to derive accurate data. The data is received by Meter Data Management System (MDMS)
that is accountable for the statistics of the water analysis and distribution as per the readings.
Follow Us: