Pune, India -- (SBWire) -- 06/19/2018 --Absolute Markets Insights offers its latest published report 'Smart Water Management System Market by Advanced Water Meter Type (Meter and Meter Read Technology); by Service Type (Professional and Managed);by Solution (Enterprise Asset Management for Water and Wastewater utilities, Network Monitoring, Advanced Pressure Management, Supervisory Control and Data Acquisition, Advance Analytics, Meter Data Management, Residential Water Efficiency, Smart Irrigation Management Systems); - California Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018-2026'.The author of the report analyzed that the California smart water management system market accounted for US$ 1417.40 million in 2017.
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 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.
Top Companies Profiled in This Market: ABB, General Electric, International Business Machines (IBM) Corporation, Schneider Electric SE, Elster Group SE, Siemens AG, Cisco Systems Inc., Oracle, Water Pigeon Inc., Itron, Inc. Sensus, HydroPoint Data Systems, Badger Meter, Inc., Landis+Gyr, Mueller Systems LLC and Neptune Technology Group
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The Industries are readily equipping smart water meters and its varied solutions such as SCADA, enterprise asset management, irrigation management, distribution networking systems and pressure management modules to detect malfunctions, leaks, network visibility and demand management. Furthermore, emergence of integrated mobile technology in the system has comprehended the applications by providing real time analysis information from remote monitoring of pumps to chronic supply of water. The increased operational costs resulting from the difference in water circulated to the billed amount from the customers has impacted the viability of financial water utilities. These high levels of non-revenue water levels are reflected either through leaks or not being invoiced. However, the governments investments and plans to shift the state to market based economy has contributed in promotion of sustainable approach of water management and improvement of infrastructure.
Smart Irrigation Management Systems Anticipated to be the Dominant Segment During the Forecast Period, 2018-2026
Based on solution type, smart irrigation management systems hold the largest market share. The economy of the California state accounts majority from the agriculture sector. Further, 80 percent of the water is used in agribusiness. On adoption of smart irrigation management systems which include solution such as web-based irrigation management, real time weather data and wireless connected smart controllers has improved the irrigation management to a large extent. Hence, smart irrigation management systems hold the largest market share among the other solution type of smart water management system market.
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Smart Water Management System Market is Fragmented with the Presence of Regional Players
Some of the key participants in the market which witnesses new collaborations, new update and product development are ABB, General Electric, IBM Corporation, Schneider Electric SE, Elster Group SE, Siemens AG, Cisco, Mueller Systems LLC, HydroPoint Data Systems among others. For instance, in December 2016, General Electric Water & Process Technologies entered into an agreement with Water Smart Software and Smart Earth Technologies to provide digital analytics-based solution in improving water challenges.
- Smart Water Management System Market – By Advanced Water Meter Type
o Meter Type
? AMR Water meters
? AMI Water Meters
o Meter Read Technology
? Fixed Network
? Cellular Network
- Market By Service Type
o Professional Services
? Consulting Services
? Deployment and Integration
? Maintenance and support
o Managed Services
- Market By Solution
o Enterprise Asset Management for Water and Wastewater Utilities
o Network monitoring
o Advanced pressure management
o Supervisory Control and Data Acquisition
o Advance Analytics
o Meter Data Management
o Residential Water Efficiency
o Smart Irrigation Management Systems
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Smart Water Management System Market Is Estimated to Reach US$ 2678.4 Mn by 2022 Owing to Rise in Sustainable Use of Advanced Metering Infrastructure
Smart Water Management System Market by Advanced Water Meter Type (Meter and Meter Read Technology); by Service Type (Professional and Managed);by Solution (Enterprise Asset Management for Water and Wastewater utilities, Network Monitoring, Advanced Pressure Management, Supervisory Control and Data Acquisition, Advance Analytics, Meter Data Management, Residential Water Efficiency, Smart Irrigation Management Systems); - California Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018-2026