Smart Water Network: Top Drivers that will Enable COVID-19 Recovery
Synopsis of Growth Drivers with Market Forecast 2020-2024
The Smart Water Network Market is projected to post an incremental growth of $ 13.99 bn, at a CAGR of over 13% till 2024. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.
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Smart Water Network Market: Key Market Drivers
One of the key factors that will drive growth is need for reducing non-revenue water. This research report provides a comprehensive analysis of this and all the other factors that will boost growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. Our analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.
Smart Water Network Market: Segments and Geographical Regions
This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Smart Water Network Market is segmented by Technology (Smart meter, Monitoring and control, Communication network, and Data management) and Geography (Europe, North America, APAC, MEA, and South America). Request our Free Sample Report
Smart Water Network Market: Aquiba Pty Ltd., Arad Group, Badger Meter Inc., Diehl Stiftung & Co. KG, General Electric Co., Honeywell International Inc., Hubbell Inc., International Business Machines Corp., Itron Inc., and Xylem Inc. are some of the leading competitors
The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market. Aquiba Pty Ltd., Arad Group, Badger Meter Inc., Diehl Stiftung & Co. KG, General Electric Co., Honeywell International Inc., Hubbell Inc., International Business Machines Corp., Itron Inc., and Xylem Inc. are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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The report provides insights into the following FAQs:
Smart Water Network Market Size to Grow by $ 13.99 bn During 2020-2024
Technavio has been monitoring the smart water network market and it is expected to grow by $ 13.99 bn, accelerating at a CAGR of almost 13% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Smart Water Network Market: APAC to lead market growth during the forecast period
Smart Water Network Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aquiba Pty Ltd., Arad Group, Badger Meter Inc., Diehl Stiftung & Co. KG, General Electric Co., Honeywell International Inc., Hubbell Inc., International Business Machines Corp., Itron Inc., and Xylem Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights on this market: Download a Free Sample Report
Smart Water Network Market: Key Highlights of the Report for 2020-2024
The Global Smart Water Network Market is expected to grow by USD 13.99 billion accelerating at a CAGR of over 13% during the forecast period. Techanvio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. Download our free sample report with COVID-19 analysis
Smart Water Network Market: Segmentation by Technology
During 2019, the smart meters segment dominated the Global Smart Water Network Market in 2019. Smart water meters help water utilities manage their water networks more efficiently. These devices also provide better customer service chiefly by allowing end-users to accurately determine water consumption during peak periods. The ability to record and transmit the consumption pattern of consumers to the utility in real-time will drive the replacement of analog and other older technology meters by smart meters in the residential, commercial, and industrial sectors. This report provides an accurate prediction of the contribution of all the segments to the growth of the smart water network market size.
The increasing implementation of smart water network, a constant connection of systems, devices, and solutions will allow water utilities to monitor, visualize, analyze, and diagnose problems in the water network. Moreover, the smart water network enables utilities to maintain system-wide efficiency levels with the use of sensor networks and GIS. Also, these sensor networks and GIS systems permit monitoring and valuation of the environment flow that gives rise to dynamic data-driven decision-making for coming up with sustainable management of resources.
Smart Water Network Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aquiba Pty Ltd., Arad Group, Badger Meter Inc., Diehl Stiftung & Co. KG, General Electric Co., Honeywell International Inc., Hubbell Inc., International Business Machines Corp., Itron Inc., and Xylem Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
