Smart Water Management Market worth 20.10 Billion USD by 2021 Smart Water Management Market

Smart Water Management Market worth 20.10 Billion USD
by 2021
The Report "Smart Water Management Market by Advanced Water Meters (Meter Type
& Meter Read Technology), Solution (Network Monitoring, Advanced Pressure
Management, SCADA System, Advanced Analytics, Residential Water Efficiency), Service
- Global Forecast to 2021", is expected to grow from USD 8.46 Billion in 2016 to USD 20.10
Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.9% during the forecast
period. The major drivers of this market include the need to restrict non-revenue losses across the
globe, sustainable use of energy, and regulatory compliance of smart water industry.
Furthermore, the smart city projects and other infrastructural developments across the globe
provides huge opportunities for SWM vendors, service providers, software providers, and
consulting companies.
Browse 78 market data Tables and 43 Figures spread through 139 Pages and in-depth TOC
on "Smart Water Management Market by Advanced Water Meters (Meter Type & Meter
Read Technology), Solution (Network Monitoring, Advanced Pressure Management,
SCADA System, Advanced Analytics, Residential Water Efficiency), Service - Global
Forecast to 2021"
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1265.html
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Reduction in operating costs is the major driver for the penetration of SCADA in water
and wastewater industries
Water utilities are under pressure to provide good quality water, but are struggling with their
outdated infrastructure. The SCADA solution aims at reducing energy costs in pumping water
through the distribution network, streamlining water utility operations, and enhancing asset
management for water and wastewater utility infrastructure. The option of remote access in
SCADA solutions enables utilities to access water usage data even from smartphones, laptops,
and tablets.
Ease of operations and timely maintenance of assets are the driving factors for the growth
of professional services
The professional services are classified into three major categories, such as maintenance and
support, consulting, and deployment and integration. These services help in enhancing efficiency
and increasing growth along with reducing operating expenses and resource losses. These
services aid the client in designing, planning, and deploying new systems into their existing
facility.
North America is expected to hold the largest market share of SWM, followed by Europe.