Smart Water Monitoring Market Definition
Demand for quality water management is increasing as the need for water increases and its availability hits a new low. This is also the reason why governments across the world are trying to promote smart water monitoring. Smart Water Monitoring is a solution that simplifies the monitoring of water quality and assists in providing safe water to the population globally. Smart Water Monitoring market is anticipated to have potential growth, due to the constant demand for control of quality and quantity through smart water monitoring techniques. Smart water monitoring is not only used to water utilities and large water plants but is also used at corporate and residential levels.
The market study is broken down, by Application (Water tank level monitoring, Water quality monitoring and Water pipe leakage detection) and major geographies with country level splits.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Smart Water Monitoring market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Landis+Gyr (Switzerland), Sensus (United States), Schneider Electric (France), Suez (France), SenzIoT (India), TaKaDu (Israel), Trimble Water (United States) and XENIUS (India).
AdvanceMarketAnalytics has segmented the market of Global Smart Water Monitoring market by Type, Application and Region.
On the basis of geography, the market of Smart Water Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Component, the sub-segment i.e. Ultrasonic Sensor will boost the Smart Water Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Water Utilities will boost the Smart Water Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
September 2019 - IBM applied big data technology to improve water security in northern Kenya. IBM Research-Africa developed a cloud-hosted water management platform that connects a network of sensors for monitoring water levels and groundwater extraction rates in boreholes.
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.
- Rising need to replace the aging water infrastructure
- Growing Need to Manage the Increasing Global Demand for Water
- Rising need for sustainable water solutions
- Need for a significant reduction in loss due to non-revenue water
- Rising global smart city initiatives
- Government initiatives and regulatory implementations for promoting smart water solutions
- Lack of digitally skilled workforce
- The reduced shelf life of smart meters
- Difficulty in technology implementation over the legacy infrastructure
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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