Future is bright for Smart Water Management (SWM) Market in Developing Countries

According to a new study by Grand View Research, Inc., water management has emerged as a significant priority for governments and water utilities, which is expected to fuel the global smart water management market. Infrastructure revitalization, growing population, fluctuating climate, and rise in water shortage issues are also some of the key forces driving market growth. Although water management and conservation practices are continuously evolving, the aforementioned forces have spurred demand for smart technology solutions for more efficient and sustainable water systems.

smart-water-management-swm-marketTechnological advancements enable water utility operators to proactively control and mange distribution systems and enhance efficiency, which is expected to favorably impact the market.

Proliferation of cloud-based solutions to monitor distribution networks provides opportunities for market growth. Concerns among water utilities regarding adoption of these solutions may pose a challenge to the market. Low adoption of smart water management systems by several water utilities owing to high investments is also expected to hinder market growth.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/smart-water-management-swm-market

Further key findings from the study suggest:

  • Devices accounted for over 35% of the overall smart water management market, and emerged as the most dominant segment in 2013. Solutions are expected to be a high growth segment, which can be attributed to the development of cloud-based solutions for efficient monitoring of distribution networks.
  • Increasing adoption of cellular network technology in Automatic Meter Reading (AMR) is expected to drive market growth. The segment is also expected to grow faster than the global average over the next few years.
  • On account of favorable government initiatives including incubation facilities, financial incentives and demonstration sites, North America was leading regional market in 2013. Increasing investments in the U.S. water sector is expected to positively impact regional market growth over the forecast period.
  • Key market participants include Schneider Electric, Sensus, General Electric, IBM Corporation and ABB Ltd. Strategic partnerships due to high investments and increasing competition are expected to be key growth strategies over the next six years.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

For the purpose of this study, Grand View Research has segmented the global smart water management market on the basis of component, technology and region:

Smart Water Management Component Outlook (Revenue, USD Million, 2012 – 2020)
  • Devices
  • Solutions
  • Services

Smart Water Management Technology Outlook (Revenue, USD Million, 2012 – 2020)

  • Cellular Network
  • Fixed Network

Smart Water Management Regional Outlook (Revenue, USD Million, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • ROW

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-smart-water-management-swm-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

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