Global Water Utility Monitoring System Market 2018-2022
About Water Utility Monitoring System
A water utility monitoring system is a combination of hardware and software solutions that provide remote water monitoring and utility management. It offers alerts and reports, helps improve service delivery, and provides analysis and response.
Technavio’s analysts forecast the global water utility monitoring system market to grow at a CAGR of 5.11% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global water utility monitoring system market for 2018-2022. 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 Water Utility Monitoring System Market 2018-2022
Technavio recognizes the following companies as the key players in the global water utility monitoring system market: Aclara Technologies, Badger Meter, CGI Group, Itron, Landis+Gyr, and Sensus (Xylem).
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased activities of consumer engagement and awareness programs. Water utilities are increasingly realizing the benefits of customer engagement and awareness programs. The increasing reports of water contamination and water crisis have led utilities to launch consumer education programs. These programs are aimed at creating awareness about water conservation and educating consumers about the benefits of the implementation new technologies such as smart water meters.”
According to the report, one driver in the market is increasing burden on water utilities owing to need for water recycling and reuse. Increase in population and urbanization has led to a high demand for water resources. With the rising water scarcity and energy cost, utilities are finding it difficult to manage water distribution. Water reuse and recycling are gaining prominence in resolving the water crisis. Water utilities are moving beyond traditional water recycling projects to focus on energy-efficient water recycling projects.
Further, the report states that one challenge in the market is complex capital investment programs. One of the major challenges for utilities is the complexity in capital investment programs. Most of the investments for utilities are in underground pipes or communication networks, which are not visible to end-consumers. Utilities are finding it difficult to persuade regulatory bodies and government organizations in receiving grants to invest in the projects as they are cash-strapped.
Aclara Technologies, Badger Meter, CGI Group, Itron, Landis+Gyr, and Sensus (Xylem).
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