Global Smart Water Network Market 2017-2021
About Smart Water Network
Smart water network is an integration of hardware and software solutions that enable water utilities to monitor, diagnose, and optimize the water network remotely. Control devices, sensors, and data management systems provide real-time data, through which the productivity, efficiency, and customer satisfaction can be enhanced.
Technavio’s analysts forecast the global smart water network market to grow at a CAGR of 14.66% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart water network market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Smart Water Network Market 2017-2021
Technavio recognizes the following companies as the key players in the global smart water network market: Elster Water Metering, General Electric, IBM, Itron, and Sensus.
Other Prominent Vendors in the market are: Aclara Technologies, Aquiba, Arad Group, Arqiva, Badger Meter, Capgemini, Diehl Stiftung, Enware Australia, Homerider Systems, i2O Water, Kamstrup, KROHNE, Landis+Gyr, Master Meter, MUELLER SYSTEMS, Neptune Technology, Oracle, Schneider Electric, Sentec, and TaKaDu.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is demand for clean water. Smart water technologies are gaining importance because of depleting water resources across the world and increasing wastewater disposal costs. In 2014, around 1 in every 10 people lacked access to clean water globally, and 3 in every 10 people lacked access to improved sanitation.”
According to the report, one driver in the market is increasing technological integration. Growing pressure to address the challenges associated with aging infrastructure is prompting water utilities to upgrade water infrastructure. This has led to the adoption of smart water network, a cohesive overlay of systems, devices, and solutions that enable water utilities to monitor, visualize, analyze, and diagnose problems in the water network. The adoption of smart water network allows utilities to create system-wide efficiencies with the use of sensor networks and GIS.
Further, the report states that one challenge in the market is vulnerability to cyber-attacks. Smart meters come with an internally incorporated sim card that enables wireless communication between the utility company supplying water and the end-user. This communication enables utilities to obtain accurate readings remotely and bill the customer accordingly. Smart meters use wireless technology to transmit data. The data transmitted is not encrypted, which can be easily intercepted and becomes vulnerable to various threats from cyber hackers.
Elster Water Metering, General Electric, IBM, Itron, Sensus, Aclara Technologies, Aquiba, Arad Group, Arqiva, Badger Meter, Capgemini, Diehl Stiftung, Enware Australia, Homerider Systems, i2O Water, Kamstrup, KROHNE, Landis+Gyr, Master Meter, MUELLER SYSTEMS, Neptune Technology, Oracle, Schneider Electric, Sentec, and TaKaDu.