The article cited AMA's Global Smart Water Monitoring Market Study explored substantial growth with CAGR of %. According the report, Rising need to replace the aging water infrastructure
is one of the primary growth factors for the market. Rising need for sustainable water solutions
is also expected to contribute significantly to the Smart Water Monitoring market. Overall, Water tank level monitoring
applications of Smart Water Monitoring, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as ABB (Switzerland), Arad Group (Israel), AquamatiX (United Kingdom), Badger Meter (United States), Honeywell Elster (United States), Huawei (China), HydroPoint (United States), IBM (United States), i2O (United Kingdom), Itron (United States), Oracle (United States) and Siemens (Germany) may see astonishing sales in this Market and certainly improve revenue growth.
The Component, such as Ultrasonic Sensor, is boosting the Smart Water Monitoring market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Water Utilities, is boosting the Smart Water Monitoring market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Smart Water Monitoring market identified that the demand is rising in many different parts of the world as "Rising global smart city initiatives
". Furthermore, some recent industry insights like "September 2019 - Siemens and Grundfos signed a digital partnership framework for the strategic cooperation between the two companies. The new partnership focuses on the complementary products and solutions provided by both parties in three main areas: water and wastewater applications, industrial automation, and building technology." is constantly making the industry dynamic. One of the challenges that industry facing is "Difficulty in technology implementation over the legacy infrastructure"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Smart Water Monitoring market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Smart Water Monitoring market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Smart Water Monitoring market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Water Monitoring market and other related sub-markets covered in the study.
o Key & emerging players in the Smart Water Monitoring market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Smart Water Monitoring market size is calculated using market estimation process, the Smart Water Monitoring market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Smart Water Monitoring market size has been validated using both top-down and bottom-up approaches.