Smart Water Management Market Prophesied to Grow at a
Faster Pace by 2026
Smart Water Management Market research provides industry
analysis by type, manufacturer, application along with key factors
influencing the growth of the market which include growth drivers,
restraints, opportunities and challenges, strategically profile key
players and comprehensively analyze their market share and core
competencies.
Global Industrial market was valued at US$ 8.83 Billion in 2016, according to report Global Smart
Water Management Market, by Advanced Water Meters (Water Read Technology, Meter Type), by
Service (Managed Services, Professional Services), by Solution (Advanced Analytics, Advanced
Pressure Management, Network Monitoring, Residential Water Efficiency, Others), published by
Coherent Market Insights. The Global Smart Water Management Market is expected to register a
CAGR of 20.5% over the forecast period (2017-2025) to reach US$ 46.65 billion by 2025.
Browse detail market research @
https://www.coherentmarketinsights.com/market-insight/smart-water-management-market-805
The major drivers that are responsible for the growth of smart water management market are
the innovation in the technology of water management. Technologies such as geographical
information system (GIS), web-enable sensors and communication networks are used to obtain
the information about the weather, soil moisture level, temperature and many other. Along with
this smart metering technology helps business, water companies and individuals with
information in real time about their own water use. This also helps to locate leakages, offering
better control over water demand and creating awareness about the usage of water.
Some of the major factors that affect the growth of smart water management market include
high initial investment cost, lack of expertise and low rate of returns.