Smart Water Management Market Report 2019 - Global and Worldwide Industrial Analysis

The demand within the global market for water management has been rising on account of a growing awareness about depleting water reserves across the globe. Several organisations and international campaigns have been focusing on educating and informing people about the need to conserve water. Several regions in Africa have suffered from acute shortage of water in recent times, and this has compelled several international organisations to develop workable systems for water management. Furthermore, regions that have abundant water resources have also taken lessons from recurring cases of water shortage and have taken vital steps to secure their future. Owing to these factors, the demand within the global market for water management has risen to new heights over the past decade.

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It is safe to estimate that the efforts of the UN and other recognized organisations to promote water conservation across the globe would have a positive impact on the global market. Furthermore, despite the presence of abundant water resources in several regions, sources of potable water are still scanty in these regions. This has led the governments and other entities to deploy means of water conservation and management in recent times.

A report by Transparency Market Research (TMR) predicts that the global market for water management would expand at a CAGR of 17.70% over the period between 2013 and 2019. Furthermore, the report forecasts that the global market for smart water management would touch a value of US$15,232.6 mn by 2019-end.

Hardware Components to Attract Tremendous Demand

Based on the type of component used for smart water management, hardware components have attracted the highest demand due to their effectiveness and enhanced performance. Automated meter reading systems have become extremely popular as they help in staying in control of the available water resources. Furthermore, Internet if things (IoT) and Artificial Intelligence have also emerged as key technologies that have overhauled the smart water management market in recent times. It is projected that the quest of the industrial sector to manage costs and avoid financial crunches would give an impetus to the growth of the global market for smart water management. Based on meter-reading technology, cellular technology and fixed technology are the two main segments, and the former has attracted a greater demand as against the latter.

North America to Emerge as a Market Leader

On the basis of geography, the market for smart water management in North America is projected to expand at a boisterous rate. This is due to the prolific efforts of environmentalists in the US and Canada, and a sense of responsibility towards water conservation amongst the masses. Furthermore, the rising population in India and China has compelled the government to deploy smart water management systems for a liveable future. Moreover, several international organisations have invested in Asia Pacific in order to enhance the prospects of water management in the region. It is expected that the presence of several key players for smart water management in Europe would bode well for the regional market.

Some of the key players in the global market for smart water management are Sensus ;Itron ;Elster (Honeywell) ;Diehl Stiftung & Co. KG ;Landis+Gyr ;Roper Industries(Neptune) ;Siemens ;Kamstrup ;Jiangxisanchuan ;Suntront Tech Co., Ltd ;Badger Meter Inc ;Iskraemeco ;Arad Group(Master Meter) ;Huizhong Instrumentation Co., Ltd ;Zenner ;Ningbo Water Meter

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The major reason for growing demand for smart water management in urban area is increasing urban population. In 1900, about 13% of people lived in cities; however, this has gone up to over 50% and in 2013 is further expected to reach nearly 70% by 2050. These issues are compounded by aging pipe networks in various established cities. In London, for instance, around 40% of pipes are more than 100 years old. According to a survey conducted at the District of Columbia Water and Sewer Authority, the average age of pipes was 76 years with some pipes having been laid more than a century ago. IBM’s smart water management system is helping Sonoma County Water Agency (SCWA) meet California’s goal for all its water agencies to reduce water use by 20% by 2020. The system uses a real time collaboration platform to help balance environmental, agricultural and other needs in the Russian river water system allowing SCWA to make dynamic, informed decisions about resource allocation.

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