Over the forecast period of 2017-2026, the global smart water management market is predicted to progress ahead with a CAGR of 20.46%

NEW YORK, Nov. 28, 2017 /PRNewswire/ --

KEY FINDINGS
Factors like rising demand for smart water management system from growing smart city projects, aging water infrastructure in some regions and the need to increase water efficiency by restricting water loss in the urban areas are some of the factors that are influencing the growth of the global smart water management market. Over the forecast period of 2017-2026, the market is predicted to progress ahead with a CAGR of 20.46%.



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MARKET INSIGHTS
The global smart water management market is segmented on the basis of advanced water meters, services, and solutions. The advanced water meters include meter type and meter-read technology while the services include managed service and professional service. The solution segment of the global smart water meter management market is highly fragmented. It comprises of several solution types like network monitoring, enterprise asset management, advanced pressure management, residential water efficiency, SCADA systems for water and wastewater, advanced analytics meter data management (MDM) and smart irrigation management.

REGIONAL INSIGHTS
The geographical segmentation of the global smart water metering market is done into four major regions which include: North America, Europe, Asia-Pacific and rest of the world. Of these, the Asia-Pacific market is projected to exhibit the fastest growth over the forecast period. However, it is the North American market that is likely to capture a dominant portion of the overall global market. U.S and Canada are anticipated to be the major contributors to this region. Increasing demand due to growing urban population is estimated to be the key driving force behind this market's growth.

COMPETITIVE INSIGHTS
American Water Company, Abb Ltd, Arad Technologies Ltd, General Electric Company (Ge Water Corporation), Belkin Corporation, Honeywell International, Inc. (Holding Company Of Elster Group Se), IBM, Itron Inc, Huawei Technologies, Landis Gyr, Siemens Ag, Schneider Electric Se, Takadu Ltd, Xylem Inc and Utility Systems are few of the popular companies in this market.

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