Pune, India -- (SBWIRE) -- 11/08/2018 -- The demand for fresh water resource is the current need of the environment around the globe. The rapid pace of urbanization has attracted the rise in population in the California state. Thus, the basic necessity has become countable in figures. Furthermore, inappropriate management of water and unawareness regarding the vitality of water are some of the key reasons for scarcity of water. The importance to plan, manage and efficiently usage of water resource has enabled the introduction of smart water management system. The new approach combines the application of IoT to promote security and manage the variances in hydrological and water allocation. The systems are majorly deployed by manufacturing, agriculture and chemical firms in their production process for proper use of water resources.

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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.

Some of the primary market participants are 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 amongst others.

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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 government's 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.

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 WaterSmart 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
Meter Type
AMR Water meters
AMI Water Meters

Meter Read Technology
Fixed Network
Cellular Network
Market By Service Type
Professional Services
Consulting Services
Deployment and Integration
Maintenance and support
Managed Services
Market 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