22 November 2018 -
The
global Smart Water Grid Market is expected to reach USD
10.27 billion by 2025, driven by a growing emphasis towards a reduction in
non-revenue water, the necessity for accurate billing, restructuring of old
infrastructure, instantaneous monitoring of the grid, efficient fixing of leaks,
and improved client engagement. Furthermore, the need to conform to government
regulations, expectations for increased safety and reliability with reduced
cost and development of smart cities have been the driving forces for the smart
water grid market.
North
America dominated the market in 2016 due to the advancement of the IT sector,
which plays an integral part of these networks. Advancement in technology has
helped various factors such as water safety, managing severe weather conditions
and valuation of consumption. Europe followed suit, with an expected
contribution of USD 2.96 billion by 2025 due to the increase in adoption of
smart water meter compliances for better management.
Asia
Pacific is anticipated to witness the fastest growth over the forecast period
on account of increase in production and sales of advanced metering
infrastructure. Metering infrastructure is getting a boost from the increasing
demand for meters transmitting information through an accessible network.
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Details of Report @ https://www.hexaresearch.com/research-report/smart-water-grid-market
Fixed Radio
Frequency (RF), Power Line Communications (PLC), Broadband over Power Line
(BPL), and other municipal grids such as cellular or landline networks are
combined with the right metering software to derive accurate data. The data is
received by Meter Data Management System (MDMS) that is accountable for the
statistics of the water analysis and distribution as per the readings.
The smart
water grid industry is expected to grow on account of increasing demand for
information about usage that allows preservation of resources and saves money.
Smart Infrastructure held the largest market share accounting for 41.5% in 2016
and is expected to witness steady growth on account of increasing number of
smart water grids, particularly in emerging economies of the world.
Companies
are investing extensively in R&D to enhance technology. Companies have zero
dependence on the government bodies due to suitable initiatives for
substituting energy systems to grow. Players in the market such as Itron Inc.,
Siemens AG, Badger Meter, Inc, and Neptune Technology are investing heavily in
the smart water grid market.
Hexa
Research has segmented the global smart water grid market based on
technology, type and region:
Segmentation
by technology, 2014 - 2025 (USD Million)
• Smart Infrastructure
• Control & Automation
• ICT & Analytical Software
• Engineering & Design
• Smart Infrastructure
• Control & Automation
• ICT & Analytical Software
• Engineering & Design
Segmentation
by type, 2014 - 2025 (USD Million)
• Residential
• Commercial
• Utility
• Residential
• Commercial
• Utility
Segmentation
by region, 2014 - 2025 (USD Million)
• North America
• U.S.
• Europe
• UK
• Asia Pacific
• China
• India
• Middle East & Africa
• Saudi Arabia
• Central and South America
• North America
• U.S.
• Europe
• UK
• Asia Pacific
• China
• India
• Middle East & Africa
• Saudi Arabia
• Central and South America
Key players
analyzed:
• Itron Inc
• Siemens AG
• Badger Meter, Inc
• Neptune Technology
• Sensus Sentec
• Schneider Electric
• Landis+Gyr
• Arqiva
• Diehl Stiftung & Co. KG
• ABB
• Itron Inc
• Siemens AG
• Badger Meter, Inc
• Neptune Technology
• Sensus Sentec
• Schneider Electric
• Landis+Gyr
• Arqiva
• Diehl Stiftung & Co. KG
• ABB
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/water-and-sludge-treatment-industry
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