HOME Research Insight Smart Water Management Market - Technology Solutions and Development

Smart Water Management Market - Technology Solutions and Development

The Smart Water Management (SWM) market is expected to pick up pace, but the growth in this market is not as enormous as the developments in smart grid for electricity.

Although currently the emphasis is high on deploying advanced water meters and Meter Data Management (MDM) solutions in many countries, other smart water technology solutions are estimated to gradually pick up pace. The North American market is expected to be the most lucrative for smart water meter deployments and the advanced water meter revenues are expected to see a good growth especially due to increased shipments of two-way meters. Supervisory Control and Data Acquisition (SCADA) systems for water and wastewater utilities are expected to continue to see traction in the market. North America (NA) is expected to be the largest market for SCADA systems in the next 5 years in terms of absolute dollar value. Larger players in the SWM market such as GE, Siemens, Schneider, and ABB have a comprehensive robust portfolio of products and services for process control and automation of water and wastewater utilities.

Smart water technology solutions such as advanced pressure management, online water network monitoring, and advanced analytics for water are expected to see high growth rates from 2017 onwards. Although the North American market is a bit sluggish in adopting these technologies, the North American region, especially U.S., is expected to wake up to the need of addressing the issue of aging water infrastructure very soon. The European countries have been prompt in adopting these technologies to reduce Non-Revenue Water (NRW) losses, obtain operational efficiency, and conserving water and energy. Smart irrigation management systems are expected to grow at a tremendous rate in the next 5 years. Smart irrigation management systems can reduce potable water usage by up to 50% by intelligently scheduling irrigation for commercial and residential landscapes. NA is expected to be project the largest opportunity in this market in terms of absolute dollar value. The Middle-East region is expected to see high growth rates in this market owing to the fact that UAE has a new landscape and greenery law, which stipulates that all developers must incorporate at least 25% of landscaped area in plans for commercial, residential, and leisure projects.

Residential water efficiency software or leakage notification systems although currently are not as well-adopted as anticipated, but are expected to gradually pickup pace with greater initiatives from water utilities such as residential water conservation programs.

Related Report:

Smart Water Management Market - Smart Water Meters, EAM, Smart Water Networks, Analytics, Advanced Pressure Management, MDM, SCADA, Smart Irrigation Management, Services - Worldwide Market Forecasts and Analysis (2013 2018)

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