The global market for smart water
management technologies is seeing rising demand, largely fuelled by growing
water shortage problems. Growing incidences of drought, scarcity of potable water
and high costs of water purification systems are driving the demand for
advanced technologies in the industry in order to meet the rising demand.
Although the market is still in its fledgling stage, the government’s emphasis
on increasing the awareness among people and organizations towards water
management and prevention of wastages is expected to further boost the market
growth.
The demand for advanced technologies
for smart water management exists at all levels. Right from distribution
networks to final delivery points, the need for effective smart water
management and control is pushing companies and people to look for advanced
solutions and systems, and are thus driving the market growth. Currently the
U.S. and Europe hold a high market share. However, with growing
industrialization and urbanization, the demand in the Asia-Pacific region is
expected to catch up in the near future and open up new markets and
opportunities for existing and new entrants.
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A majority of the demand for smart
water management technologies is coming from companies operating in the field
of water meters, control systems, water utility services, water purification
systems, water harvesting, and irrigation or waste water management systems.
The stringent regulatory standards and the high cost of clean potable water
have helped to raise the demand across all industries. Some of the prominent
players in this market include – IBM, Nalco, Elite Water solutions, Siemens,
and American Water Works, Inc.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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Reasons for Buying this Report
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- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
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