Global Smart Water Monitoring Market, By Component (Ultrasonic Sensor, Temperature Sensor, PH Sensor, Flow Sensor, Communication Network, Others), Application (Water Tank Level Monitoring, Water Quality Monitoring, Water Pipe Leakage Detection), End User (Water Utilities, Industry, Commercial, Residential), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Smart Water Monitoring Market
The smart water monitoring market is expected to witness market growth at a rate of 12.4% in the forecast period of 2021 to 2028 and is expected to reach USD 29,744.19 million by 2028. Data Bridge Market Research report on smart water monitoring market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand for quality water services globally is escalating the growth of smart water monitoring market.
Smart water monitoring refers to a solution that assists in monitoring of water quality and helps in providing safe water. These solutions are not only used to water utilities and large water plants but they are also being highly deployed at corporate and residential levels.
The increase in the need to replace aging water infrastructure across the globe acts as one of the major factors driving the growth of smart water monitoring market. The rise in demand for the solution because of the rising water concerns caused by pollution and uneven resources and increase in government initiatives and regulatory implementations for promoting smart water solutions accelerate the smart water monitoring market growth. The advent of integrated mobile technology assisting monitor pumps remotely to detect any malfunction or leakages efficiently and rising digitalization of the utility sector further influence the smart water monitoring market. Additionally, growth in population, rise in need for sustainable water solutions, research and development activities and surge in investment positively affect the smart water monitoring market. Furthermore, rising global smart city initiatives and technological advancements to offer features such as security, pressure control, and quality sensors extend profitable opportunities to the smart water monitoring market players in the forecast period of 2021 to 2028.
On the other hand, high initial investments and lower return on investment and issues with the technology implementation over the legacy infrastructure are the factors expected to obstruct the smart water monitoring market growth. Decline in shelf life of smart meters and lack of digitally skilled workforce are projected to challenge the smart water monitoring market in the forecast period of 2021-2028.
This smart water monitoring market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info smart water monitoring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Smart Water Monitoring Market Scope and Market Size
The smart water monitoring market is segmented on the basis of component, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the smart water monitoring market is segmented into ultrasonic sensor, temperature sensor, PH sensor, flow sensor, communication network and others.
- On the basis of application, the smart water monitoring market is segmented into water tank level monitoring, water quality monitoring, water pipe and leakage detection.
- On the basis of end user, the smart water monitoring market is segmented into water utilities, industry, commercial and residential.
Global Smart Water Monitoring Market Country Level Analysis
The smart water monitoring market is analyzed and market size, volume information is provided by country, component, application and end user as referenced above.
The countries covered in the global smart water monitoring market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the smart water monitoring market due to the presence of incubation facilities and demonstration sites, high investment and implementation of stringent regulations in the region. Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the increasing scarcity in the region and capital investments.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Water Monitoring Market Share Analysis
The smart water monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart water monitoring market.
The major players covered in the smart water monitoring market report are General Electric, ABB, Itron, Schneider Electric, IBM Corporation, SENSUS USA INC, Elster Group SE, Siemens, Global Water Management, LLC, Neptune Technology Group, Radius Synergies International Pvt Ltd, Trimble Water, TaKaDu, SenzIoT, SUEZ, Siemens, Oracle Corporation, Itron and i2O Water Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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