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Smart Water Network Market Is Projected To Grow Rapidly Owing To Technological Advancements, Strict Government Compliances And Rapid Development In Water Infrastructure Till 2021 | Million Insights

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According to new report available with Million Insights, North America accounted for the largest market share of the Smart Water Network Market and is expected to remain dominant over the forecast period. This is due to technological advancements and early adoption of smart water management software and services in the region.

Global Smart Water Network Market is segmented on the basis of product types, meter type, meter read technology, solution, application, and region. A smart water network comes across as an integrated set of systems, products, and solutions that allow utilities to remotely as well as continuously diagnose and monitor problems, prioritize and manage maintenance issues, and make use of data for optimizing all aspects of the water distribution network.

This is including two-way real time networks with field sensors, measurement and control devices; along with software and services. Pipes are buried under sidewalks and streets and are expensive and difficult to access. Moreover, there is no essential power supply in pipes as there is with electric utilities. Smart water networks do offer all kinds of utilities a fantastic opportunity for improving efficiency and productivity while improving customer service. Smart water networks also have an incredible potential in helping alleviate impending water scarcity.The smart water network does get benefited from real-time data obtained from valves, tanks, pumps, and the other vital distribution network points for automating process control and supporting real-time operation decisions as required. It does operate with an information management system with open channels that do make operations data available precisely, securely, and in a timely manner to the business processes across the utility.

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The monitoring, control and information management solution serving the smart water network is flexible, allowing the utility to integrate the water management technology that creates the specific functionalities it needs, such as energy optimization, demand forecasting, leak detection and water quality management. Smart Water Network Market is segmented, by product types Network Monitoring, Pressure Management, Analytics, Meter Data Management, and Other.Smart Water Network Market is segmented, by meter type AMR Meters, and AMI Meters. Smart Water Network Market is segmented, by meter read technology Fixed Network, and Cellular Network. Smart Water Networks Market is segmented, by solution Smart Leakage Management, Smart Metering and Customer Service, Smart Water Quality Monitoring, Smart Network Optimization.

Smart leakage management is inclusive of all smart systems for lessening the volume of water lost from distribution networks. This category does include smart pumps and valves that can automatically respond to the events, acoustic sensors to detect leaks, equipment for communicating data to a central location, sensors for flow and pressure, software for real-time management and analysis of collected data, and all associated IT infrastructure.

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Smart metering and customer service includes all systems associated with smart meter reading equipment, customer services and billing. This category includes expenditure required for the installation of smart meters, equipment for communicating data to a central location, and all associated IT infrastructure. This category also includes expenditure on software for storing customer account details, monitoring customer consumption and automatic generation of bills.Smart water quality monitoring includes all systems required to detect changes in drinking water quality in the distribution network by monitoring individual parameters or composite indicators. This category includes any device such as single-parameter sensors, multi-parameter probes or monitoring panels.

Smart network optimization includes the installation of any technology needed to control and monitor water flow (including smart pumps and valves) for purposes other than pressure management. Also, equipment needed to communicate data to a central location, software for real-time analysis of collected data, and all associated IT infrastructure.Smart Water Network Market is segmented, by applications Valve and Information Management, Pipeline Assessment, and Others. Smart Water Networks Market is segmented, geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

North America accounted for the largest market share of the Smart Water Network Market and is expected to remain dominant over the forecast period. This is due to technological advancements and early adoption of smart water management software and services in the region. Moreover, the market in this region is driven by strict government compliances, the evolution of smart cities and rapid development in water infrastructure.

Latin American market is expected to grow at highest CAGR during the forecast period. Most of the southwest areas in this region face water scarcity, and the adoption of smart water technology solutions is anticipated to increase water conservation. Smart water metering systems are being adopted by water utilities in Brazil and New Mexico. Key players are Arad, Badger Meter, Elster, Itron, Neptune Technology, Sensus USA, Aclara, Arqiva, Capgemini SA, CH2M HILL, Homerider Systems SA, i2O Water, IBM, Mueller Systems, Oracle and OSIsoft.

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/technology

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