Improved water distribution management is the primary objective of the implementation of smart water grids. Outdated infrastructure, rapid advancements in information technology and telecommunications, greater demand for water than the supply are some of the primary factors that will affect the growth of the smart water grid market through the forecast period 2018 -2028.
Automation and Analytical Software to Play a Prominent Role in the Growth of the Global Smart Water Grid Market
Inaccurate billing systems and the integration of smart water grids with the latest communication and information technologies are expected to boost the growth of the smart water grid market worldwide. The use of automation and analytical software to increase the energy efficiency of utilities are expected to greatly help the expansion of the smart water grid market. On the other hand, lack of monitoring systems, prohibitive investments of capital, and poor support by government bodies are likely to act as major constraints for the smart water grid market in the near future.
Introduction of Advanced Technologies to Give the Smart Water Grid Market of North America an Edge
North America is expected to provide lucrative opportunities for growth to market players in the smart water grid market. This can be attributed to concerns over disputes of consumer benefits, billing errors, and the influx of improved technologies. Countries such as Saudi Arabia and India are also expected to show a high demand for the smart water grid market owing to the high risk of drought and persistent need for large amounts of water.
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Segmentation of the Smart Water Grid Market
The smart water grid market can be categorized according to the type of technology and the types of application. On the basis of technology, smart water grids can be divided into smart infrastructure, design and engineering, ICT & analytical software, along with control and automation. On the terms of application, the smart water grids can be divided into utility, residential and commercial smart water grids.
Increasing investments by Major Market Players to Push Forward the Growth of the Smart Water Grid Market
Major market players are focusing on investing in advanced technologies, upgrading existing technologies, and the creation of improved systems for monitoring and distributing water supply. Some of the key smart water grid market players include Siemens AG, Itron Inc., Neptune Technology, and Diehl Stiftung & Co.
This in-depth report on the smart water grid market emphasizes on the complete scrutiny of the market on regional and global levels with actionable insights, along with relevant and trustworthy data that has been supported and validated to achieve an enhanced understanding of the smart water grid market’s competitive scenario along with ably recognizing lucrative opportunities for the future. The report on the smart water grid market also includes information and a complete analysis according to the market segments such as geography, technology, and applications.
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The report has also included an extensive assessment of vital aspects such as:
- Market Segmentation- The smart water grid market is categorized into vital segments to understand each area in detail.
- Driving Factors- The addition of market influencers to understand the factors that make an impact on the overall market situation.
- Market Value- Scrutinizing the size of the global smart water grid market
- Supply & demand aspects
- Examining the market trends and obstacles- Complete evaluation of the factors that can boost the market growth and the possible challenges that market players might face
- Competitive Analysis- Recognizing the strategic activities of the key smart water grid market players
- Technology- Understanding the scope of the smart water grid market with new technologies
The report also contains a comprehensive regional analysis with the focus on the following regions:
- North America smart water grid market (U.S., Canada)
- Latin America smart water grid market (Brazil, Mexico, Rest of Latin America)
- Western Europe smart water grid market (Germany, France Italy, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe smart water grid market (Poland, Russia, Rest of Eastern Europe)
- Asia Pacific Excluding Japan smart water grid market (China, India, Australia, ASEAN, & New Zealand)
- Japan smart water grid market
- The Middle East and Africa smart water grid market (GCC countries, S. Africa, N. Africa, Rest of MEA)
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The report is an amalgamation of quantitative and qualitative first-hand information on smart water grid obtained from the examination by prominent industry analysts along with the addition of inputs given by smart water grid industry participants and industry experts. The full analysis of the trends in the market, market attractiveness according, and macro-economic factors in the report is effective in creating an understanding of the smart water grid market. In addition, the report also states the qualitative impact of these factors on the various regions and segments of the market.
The Report Illustrates:
- Summary of the smart water grid market
- Essential market dynamics
- Detailed market segmentation
- Market Size: Current and historical market size along with a projection of future prospects of the smart water grid market in terms of value and volume
- Recent developments and trends in the industry
- Competitive scenario
- Strategies adopted by major players and the product portfolio offered
- Niche and potential segments and regions of the market that exhibit lucrative growth opportunities
- Un-biased perspective on market performance
- Essential details for players to expand and hold on to their presence in the market
