Global Smart Water Management Market Growth 2019-2024
A smart meter is usually an electronic device that records consumption of electric energy in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing. Smart meters enable two-way communication between the meter and the central system. Unlike home energy monitors, smart meters can gather data for remote reporting. Such an advanced metering infrastructure differs from traditional automatic meter reading in that it enables two-way communications with the meter.
With the development of network technology, especially the rise of the Internet of things technology, new technology related to the smart water meter (terminal) emerges in an endless stream, mainly including: wireless or wired network technology, network communication protocol and routing technology, network access technology, data security and reliability technology, data acquisition and management technology, automatic meter reading and selling water management system technology, etc.
According to this study, over the next five years the Smart Water Management market will register a 12.4% CAGR in terms of revenue, the global market size will reach US$ 3490 million by 2024, from US$ 1950 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Smart Water Management business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Water Management market by product type, application, key manufacturers and key regions and countries.
This study considers the Smart Water Management value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Diehl Stiftung & Co. KG
Suntront Tech Co., Ltd
Badger Meter Inc
Arad Group(Master Meter)
Huizhong Instrumentation Co., Ltd
Ningbo Water Meter
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Smart Water Management consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Smart Water Management market by identifying its various subsegments.
Focuses on the key global Smart Water Management manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Smart Water Management with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Smart Water Management submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.