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Rising incorporation of information and technology (ICT) solutions in water management can reduce pumping
and repair costs, increase efficiency in resource allocation, and reduce non-revenue water losses.
Furthermore, there is an upswing in usage of remote sensing technologies such as GIS, GPS, and satellite
radio communication systems for freshwater resource identification. These technologies also help in
analyzing environmental impact of water management solutions. This trend is likely to offer tremendous
growth opportunities for the SWM market.
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market
Devices used for SWM technology, include cellular and fixed network technology. Development of
devices that support cellular technology is projected to bolster the prominence of the technology.
Furthermore, advancements in technologies have resulted in remote accessibility of pumps, easier
malfunction detection in distribution system, and efficient monitoring & rectification of leaks as well as
disruptions in water supply. The technology is expected to witness upsurge over the forecast period on
account of increasing penetration of cellular devices. Fixed network technology is used in semi-urban
and rural areas, where extent of cellular penetration is low.
Some of the common SWM solutions are network monitoring, advanced pressure management,
supervisory control, data acquisition systems (SCADA), and enterprise asset management (EAM).
Services offered by SWM are segmented into pipeline condition assessment, valve, hydrant, and
information management.
The smart water management market is anticipated to experience significant growth during the forecast
period on account of increasing scarcity of fresh water resources in emerging economies such as India
and China. Furthermore, growing population in emerging economies is poised to increase the demand
for fresh water, which will further rev up the adoption rate of SWM techniques.
Stringent government regulations coupled with aging infrastructure in countries such as France and
Germany are estimated to drive the demand for SWM over the projected period. Spiraling usage of
cloud-based solutions for water distribution is also likely to stimulate the growth of the market. In other
developed countries such as the U.S., the market is projected to benefit from soaring need for
technologically advanced infrastructure coupled with growing instances of irregular water supply.
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