|By PR Newswire||
|February 10, 2014 06:00 PM EST||
DUBLIN, February 10, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/sqpjcm/smart_water) has announced the addition of the "Smart Water Management Market - Worldwide Market Forecasts and Analysis to 2018" report to their offering.
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Most water utilities across the globe are struggling to maintain their aging water infrastructure. Government initiatives in most countries worldwide to enhance public utility infrastructure has always been partial for the most important resource for our survival. The Smart Water Management (SWM) market varies largely based on regional adoption of technology and solutions. There has been significant investment in smart grid for electricity projects worldwide; however, the scenario for water is still struggling to justify the Return on Investment (ROI) on technology spending.
Water utilities and water regulatory bodies worldwide need to wake up to the need of the hour and proactively adopt smart technology solutions to streamline their operations, better manage their assets and distribution network, reduce maintenance and repair cost, reduce energy costs in pumping water, enhance customer engagement in water conservation, and most importantly reduce Non-Revenue Water (NRW) losses due to leaks and theft.
Although currently the focus is high on the adoption of advanced water meters, meter data management, and Supervisory Control and Data Acquisition (SCADA) solutions for water utilities in many countries, the scenario is expected to change gradually for smart technology solutions such as distribution network monitoring, advanced pressure management, and analytics. The adoption of cloud-based solutions for distribution network monitoring, which require absolutely no capital expenditure from utility's end will witness greater traction in the near future. This report expects an increasing uptake of the SWM technology solutions across water utilities globally by the end of the forecast period.
The global Smart Water Management market is estimated by adding vendor revenues for advanced water meters, smart technology solutions, and services. MIt is forecast that the global Smart Water Management market will grow from $5.43 billion in 2013 to $12.03 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 17.2% from 2013 to 2018.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Smart Water Management: Marketsize And Forecast By Devices
5 Smart Water Management: Market Size And Forecast By Solutions
6 Smart Water Management: Market Size And Forecast By Services
7 Smart Water Management: Market Size And Forecast By Regions
8 Smart Water Management: Market Landscape
9 Company Profiles
- Aquamatix Limited
- Arad Group
- Elster Group Se
- Etwater Systems LLC
- General Electric (GE)
- Hydropoint Data Systems, Inc
- Ibm Corporation
- Io Water Ltd
- Schneider Electric Sa
- Whitewater Technologies
For more information visit http://www.researchandmarkets.com/research/sqpjcm/smart_water
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets