What is Water Management Services Market Scope?
Water management services is to manage and improve water services, rather than simply designing and constructing treatment works and distribution systems. Increasing demand for quality water services, and up-gradation of water-related infrastructure. Besides, the growing digitalization of the utility sector is also supporting growth in the water management services market. Moreover, it is worth noting here that the government regulations emerging in the water management services market landscape are also favoring growth in the forecast period.
The Water Management Services market study is being classified and major geographies with country level break-up.
Research Analyst at AMA predicts that Manufacturers from European and United States will contribute to the maximum growth of Global Water Management Services market throughout the predicted period.
ABB (Switzerland), IBM (United States), AECOM (United States), Arad Group (Israel), AquamatiX (United Kingdom), Badger Meter (United States), Honeywell Elster (United States), Huawei (China), HydroPoint (United States), i2O (United Kingdom), Itron (United States), Landis+Gyr (Switzerland), Sensus (United States), Schneider Electric (France), Siemens (Germany), Blue-White Industries (United States) and Verizon Communications Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Trimble Water (United States), Suez (France), SenzIoT (India), TaKaDu (Israel) and XENIUS (India).
Analyst at AMA have segmented the market study of Global Water Management Services market by Type, Application and Region.
On the basis of geography, the market of Water Management Services 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). Asia-Pacific region held largest market share in the year 2020.
Market Influencers and their development strategies
In January 2020, Verizon has announced a partnership with Honeywell that will integrate Verizon's Managed Connectivity LTE with Honeywell Internet of Things (IoT) sensors to create a smarter energy grid. Verizon and Honeywell are planning to include several elements in their new products that will make smart grid management more accessible.
In October 2019, IBM has launched the Maximo Asset Monitor, a new Artificial Intelligence (AI)-powered monitoring solution designed to help maintenance and operations by providing a better understanding and improvement in the performance of high-value physical assets, enabling it to expand market-leading asset management capabilities.
Influencing Market Trend
- Rising Adoption of the Smart Meter in the Water Management Services
- Rising Need for Sustainable Water Solutions across the Globe
- Increasing Need to Replace the Aging Water Infrastructure
- Government Initiatives and Regulatory Implementations for Promoting Smart Water Solutions and Water Management Services
- Rising Global Smart City Initiatives
- Lack of Skilled Working Professionals
- Reduced Shelf Life of Smart Meters
- Difficulty in Technology Implementation over the Legacy Infrastructure
- High Initial Investments and Lower Return on Investment
Key Target AudienceWater Management Services Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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