Asia Pacific Smart Water Management Market By Component (Solution, Water Meters, and Services), By End User (Commercial & Industrial and Residential), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Smart Water Management Market would witness market growth of 12.2% CAGR during the forecast period (2021-2027).
The penetration of technology and integration of mobile technology & water point monitoring is offering opportunities to reduce current scalar barriers and embrace new methods of supply planning. The advent of integrated mobile technology assists in tracking pumps remotely and identifying any abnormality or leakages effectively.
The surge in the number of smart cities project in the region would open new growth avenues for the vendors operating in the regional market. Moreover, the region is also observing the high demand for IoT platforms due to the rise in the number of connected devices and the implementation of IoT technologies for water management. For example, Agua Water System, a start-up based in India, is allowing the tracking of water utilization by using smart solutions.
The Commercial & Industrial market dominated the Malaysia Smart Water Management Market by End User 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $291.4 million by 2027. The Residential market is poised to grow highest CAGR of 18% during (2021 - 2027).
Based on Component, the market is segmented into Solution, Water Meters, and Services. Based on End User, the market is segmented into Commercial & Industrial and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Schneider Electric SE, Xylem, Inc. (Sensus), Siemens AG, ABB Group, Itron, Inc., Landis+Gyr Group AG, Honeywell International, Inc., and Badger Meter, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Enterprise Asset Management
- Smart Irrigation Management
- Advanced Pressure Management
- Customer Information System & Billing
- Network Management
- Analytics & Data Management
- Leak Detection
- Water Meters
- Automatic Meter Reading
- Advanced Metering Infrastructure
- Professional Services
- Managed Services
By End User
- Commercial & Industrial
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Oracle Corporation
- Schneider Electric SE
- Xylem, Inc. (Sensus)
- Siemens AG
- ABB Group
- Itron, Inc.
- Landis+Gyr Group AG
- Honeywell International, Inc.
- Badger Meter, Inc.
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