Global Smart Water Management Market Suppressed by High Cost of Installation of Ami

Transparency Market

Research

Smart Water Management Market - Global Industry

Analysis, Size, Share, Growth, Trends, and Forecast 2013 –

2019

Published Date

2014-06-26

92 Page Report

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Press Release

Smart Water Management Market Expected to Reach USD

15,232.6 Million Globally in 2019 : Transparency Market

Research

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Smart Water Management Market

REPORT DESCRIPTION

According to a new market report published by Transparency Market Research

(www.transparencymarketresearch.com) “Smart Water Management Market (Component Types - Hardware,

Solutions, Services; Meter Read Technology - Fixed network, Cellular network) - Global Industry Analysis,

Size, Share, Growth, Trends, and Forecast, 2013 - 2019,” the global smart water management market was

worth USD 4,813.3 million in 2012 and is expected to reach USD 15,232.6 million by 2019, growing at a

CAGR of 17.7% from 2013 to 2019. North America was the largest market for smart water management in

2012. Growth in this region is expected to be driven by increasing investment by water utilities in smart

water technologies and growing focus on smart irrigation and minimizing non revenue water over the

forecast period. In addition, strict environmental standards mandated by water regulatory bodies across

the globe, is expected to drive the market in near future.

The smart water management (SWM) market is driven by various factors such as aging water

infrastructure, lack of water management in urban areas and need to reduce non revenue water (NRW).

Enforcement of government regulations across the globe regarding deployment of smart water

technologies is also expected to drive the market. However, apprehension of water utilities towards

adoption of cloud services and high cost of installation of advanced metering infrastructure (AMI)...