Smart water management is the next big thing due to the rising water scarcity and need for water conservation around the world. Various organizations and governments across the globe are under immense pressure to meet the increasing demand of water.
Worldwide water regulatory bodies must understand the need of the hour and proactively implement smart water technologies to efficiently manage their distribution channels, update their operations, reduce maintenance cost, spread awareness among customers about water conservation and reduce non revenue water losses occurring due to thefts and water leakage.
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Some of the key participants in Smart Water Management System Market are Clear Asia Water Filter, COWAYCO. LTD, Doulton, Eureka Forbes, A. O. Smith India Water Products Pvt. Ltd., Kent RO Systems Ltd., LG, Livpure Systems Ltd, mittemitte GmbH, OCEO, aquapot.in, Voltas Water, Xiaomi.
Global smart water management system market was valued at approximately USD 9.6 billion in 2017 and is expected to generate revenue of around USD 31.6 billion by the end of 2024, growing at a CAGR of around 18.5% between 2018 and 2024.
The major factors driving smart water management market are technological advancement, change in regulatory compliances and growing awareness of sustainable use of energy resources. Implementation of these modern technologies such as smart monitoring which is internet of things based technology is used to analyze water treatment system and control water management on real time basis.
The increasing usage of supervisory control and data acquisition solution is another important factor that is driving this market. It enables quality decision making and reduce energy cost in pumping water through distribution network. Smart water management also implements advance analytic solution for improvement of infrastructure and operations.
Further, the looming global Smart Water Management System Market impact of climate change in terms of sea level rise, flooding and longer drought periods adding more pressure on the availability of freshwater resources. Smart water management seeks to alleviate challenges in water management and water sector through the integration of Information and Communication Technology (ICT) products, solution and services.
Market by Connectivity
- Wi Fi
- Smart App
Smart Water Purifier System Market – By Process
- Reverse Osmosis
- Ultra- Filtration
- Activated Carbon
- Sediment Filter
- Anti – Bacterial Filter
Smart Water Purifier System Market – By End Users
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The growing concentration of economic activities, people and assets in the urban region of California has led to the generation of high amount of wastes. The Smart Water Management System Market helps in identification of network problem and thereby reduces non-revenue water losses owing to the damage of earlier water management system infrastructures. The resulting applications of the systems has gained its wide acceptance majorly in manufacturing and chemical industries of the state.
Water purification system is an electronic device that helps in removing the contaminants and impurities such as algae, bacteria, toxic metals (copper, lead, etc.), viruses, fungi and many others. Pure and clean water isn’t available easily these days. Industrial development, growing population and environmental degradation are the cause of contaminated water. Owing to these situation, the demand and usage of water purification system has increased. This system has ensured that the drinking water is of good quality and is pollution free.
Market by Region
North America, U.S., Rest of North America, Europe, France, The UK, Spain, Germany, Italy, Rest of Europe, Asia Pacific, China, Japan, India, Southeast Asia, Rest of Asia Pacific, Middle East and Africa, GCC Countries, Southern Africa, Rest of Middle East and Africa, Latin America, Brazil, Rest of Latin America
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