Smart Water Management Growth Dynamics, Revenue Outlook and Opportunities Forecast 2020 - 2027

                                                                               
Smart water management is essentially a water management system designed to collect meaningful and actionable data on a city's water flow, pressure, and distribution.

              Smart Water Management Market


Smart water management is essentially a water management system designed to collect meaningful and actionable data on a city's water flow, pressure, and distribution. It uses new technologies to transform traditional water distribution. It reduces water waste and allows them to use their energy more efficiently. Its primary goal is to ensure that the infrastructure and energy used to transport water are effectively managed.

The growing need to reduce water loss and non-revenue water (NRW) is expected to propel the global smart water management market growth over the forecast period. The World Bank estimates that more than $14 million in potable water is lost each year due to theft, unbilled usage, and leaks. Water that has been squandered in this way is referred to as non-revenue water (NRW). Furthermore, in emerging economies, the relative loss incurred by NRW is high. Indeed, water utilities around the world lose between 10% and 60% of the water they pump to consumers due to inadequate infrastructure. Inadequate water and sewage treatment have put more than half of Brazil's cities at risk of running out of water by 2015.

One of the major factors driving the growth of the smart water management market is technological advancement. The advancement of the Advanced Metering System (AMS) and the incorporation of Supervisory Control and Data Acquisition (SCADA) into the water management system are creating numerous opportunities for market growth. These technologies effectively reduce maintenance and repair costs as well as non-revenue water (NRW). Furthermore, the technology allows for the detection of auto leaks and theft, which is expected to drive market growth.


The major companies operating in the global smart water management market are IBM Corporation, TaKaDu Ltd., Arad Metering Technologies, Sensus USA Inc., , i2O Water Ltd, ABB Ltd, ET Water Systems, LLC, Schneider Electric SA, General Electric Company, Evoqua Water Technologies (Siemens), Emerson Electric Corporation., and Itron, Inc.

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