LAMEA 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 Latin America, Middle East and Africa Smart Water Management Market would witness market growth of 15.0% CAGR during the forecast period (2021-2027).
The major growth factors for the industry are a rise in demands for sustainable water solutions, the growing requirement to substitute the current water infrastructures, and a surge in requirement for decreasing water loss owing to non-revenue water. On the other hand, the smart water management market would be driven by the increase in the number of supportive government initiatives to install smart water management and rising development in the smart city initiatives.
With the constant surge in the population of the region, the construction activities of commercial and residential buildings have been increased significantly. As a result, the demand for smart water management solutions has been increased in the market. In addition, the increasing economic development and expansion of various industries would compel the water utilities to implement innovative water management solutions. Additionally, the rise in significance of optimum utilization of water is creating a higher need for smart water management solutions in the regional market.
The Solution market dominated the LAMEA Smart Water Management Market by Component 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $725.6 million by 2027. The Services market is expected to witness a CAGR of 16.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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