Monday, 30 October 2017

Smart Water Grid Market Size Worth USD 10.27 Billion By 2025 | Hexa Research

The global smart water grid market is expected to reach USD 10.27 billion by 2025, driven by a growing emphasis towards a reduction in non-revenue water, the necessity for accurate billing, restructuring of old infrastructure, instantaneous monitoring of the grid, efficient fixing of leaks, and improved client engagement. Furthermore, the need to conform to government regulations, expectations for increased safety and reliability with reduced cost and development of smart cities have been the driving forces for the smart water grid market.

North America dominated the market in 2016 due to the advancement of the IT sector, which plays an integral part of these networks. Advancement in technology has helped various factors such as water safety, managing severe weather conditions and valuation of consumption. Europe followed suit, with an expected contribution of USD 2.96 billion by 2025 due to the increase in adoption of smart water meter compliances for better management.
Asia Pacific is anticipated to witness the fastest growth over the forecast period on account of increase in production and sales of advanced metering infrastructure. Metering infrastructure is getting a boost from the increasing demand for meters transmitting information through an accessible network.
Hexa Research has segmented the global smart water grid market based on technology, type and region:
Segmentation by technology, 2014 - 2025 (USD Million)
• Smart Infrastructure 
• Control & Automation
• ICT & Analytical Software
• Engineering & Design
Segmentation by type, 2014 - 2025 (USD Million)
• Residential
• Commercial
• Utility
Segmentation by region, 2014 - 2025 (USD Million)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Central and South America
Key players analyzed:
• Itron Inc
• Siemens AG
• Badger Meter, Inc
• Neptune Technology
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