The
global smart water management market was worth USD 4,813.3 million in
2012 and is expected to reach USD 15,232.6 million by 2019, growing
at a CAGR of 17.7% from 2013 to 2019. North America was the largest
market for smart water management in 2012. Growth in this region is
expected to be driven by increasing investment by water utilities in
smart water technologies and growing focus on smart irrigation and
minimizing non revenue water over the forecast period. In addition,
strict environmental standards mandated by water regulatory bodies
across the globe, is expected to drive the market in near future.
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The
smart water management (SWM) market is driven by various factors such
as aging water infrastructure, lack of water management in urban
areas and need to reduce non revenue water (NRW). Enforcement of
government regulations across the globe regarding deployment of smart
water technologies is also expected to drive the market. However,
apprehension of water utilities towards adoption of cloud services
and high cost of installation of advanced metering infrastructure
(AMI) are some of the factors inhibiting the growth of this market.
The
three main component segments in the SWM market are hardware,
solutions and services. Hardware segment was the largest in 2012 and
accounted for 40.1% revenue share of the global SMW market, and is
expected to dominate throughout the forecast period. However,
solutions segment is expected to grow at a faster rate due to growing
demand for various advanced software such as Hymer (Orbicon),
ReadCenter AnalyticsPro and ReadCenter Analytics+, and Intelligent
Operations Center (IOC) software (IBM) among others.
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North
America was the largest revenue generator in 2012 and accounted for
47.5% revenue share of the global SWM market. Dominance of the region
is due to increase in investment in SMW technologies in order to
minimize water loss and reduce the amount of non-revenue water (NRW)
by various water utilities in North America. Asia Pacific is expected
to show fastest growth during the forecast period at a CAGR of 23.7%
from 2013 to 2019. The growth in this region is attributed to greater
rainfall variability or global warming, the aging of facilities
installed during the era of rapid economic growth, and the need for
safe and palatable water along with rich water environments across
countries namely, Japan, China, and India among others.
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The
global SWM market is fragmented in nature with a large number of
local players across different geographies. In 2012, majority of the
market i.e. 67.1% share was held by local and regional players
offering solutions and services for smart water management. Itron
Inc. was the global market leader in 2012. Other players in the
market include Arad Metering Technologies, ABB Ltd., Sensus USA Inc.,
Schneider Electric SA, I2O Water Ltd., General Electric Company, and
TaKaDu Ltd.
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Global
smart water management market segmentation:
Smart
water management market analysis, by component
Hardware
AMR
AMI
Others
Solutions
Services
Smart
water management market analysis, by meter read technology
Fixed
Technology
Cellular
Technology
In
addition the report provides cross sectional analysis of the market
with respect to the following geographical segments:
North
America
Europe
Asia-Pacific
RoW
(Rest of the World)
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