21 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.
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.
Browse Details of Report @ https://www.hexaresearch.com/research-report/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
Segmentation by type, 2014 – 2025 (USD Million)
Segmentation by region, 2014 – 2025 (USD Million)
• North America
• Asia Pacific
• 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
• Diehl Stiftung & Co. KG
Browse Related Category Reports @
Water And Wastewater Treatment Market – The global water and wastewater treatment market size was valued at USD 478.15 billion in 2016. The industry is anticipated to register robust growth over the next few years owing to factors such as water scarcity due to the rise in population and swiftly increasing industrial activities.
Water Desalination Market – The global water desalination market was valued at USD 13.31 billion in 2016 and is expected to register robust growth owing to rise in demand for clean water, increasing population and disposable income of the people in the developing economies.
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
More Information Visit @ www.hexaresearch.com
Company Name: Hexa Research
Contact Person: Ryan Shaw
Email: Send Email
Address:Felton Office Plaza, 6265 Highway 9
State: California 95018
Country: United States