The Global Smart Water Management market is expected to rise at a CAGR of 17.2% during the forecast period of 2017-2023.
Inefficient water management in urban areas and aging water infrastructure are the prominent drivers for this market. Also, Smart irrigation is also possible just because of Global Smart Water Management Market. There are various opportunities for this market such as development in water conservation schemes and surging support of government. However, the market has challenges of low rate of return and lack of skill industry.
The major restraints faced by smart water management are costly initial investment requirement and low rate of return. Moreover, due to lack of expertise and talent availability the market for smart water management is increasing slowly. However, thanks to a number of factors driving higher industry expenditure on smart water management solutions,the market is expected to grow at an average of 17.2% per year. Although the market is having a good average rate but the adoption of Smart Water Management is predicted to vary significantly.
- ABB Ltd. (Switzerland)
- Arad Group (Israel)
- Elster Group Se (Germany)
- General Electric Company (U.S.)
- International Business Machines (Ibm) Corporation (U.S.)
- Itron, Inc. (U.S.)
- Schneider Electric Se (Germany)
- Seimens Ag (Germany)
- Sensus (U.S.)
- Takadu (Israel)
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographic Analysis
7. Company Profiles
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