San Francisco, California, June 06, 2018: The constant drive for smart water grid stems from the intensifying need for a real-time water management scheme that uses platforms for integrating information and communication technology (ICT) in the water supply network. The demand for smart water grid is propelled by the need for managing intelligent control of water flow using a bi-directional communication system in the integrated water infrastructure. A new report by TMR Research, titled, “Smart Water Grid Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025”, offers critical assessment of all such factors and more on the current market outlook and the future growth dynamics.
The promising potential of smart water grids in ensuring sustainable water supply and in meeting the needs of consumers is a key factor behind the rapid expansion of the market. Severe imbalance between demand for and supply of fresh water in several economies is a notable factor fortifying the demand for smart water grid networks. In addition, the rising need for integrating alternative sources of water underlying centralized and decentralized water distribution grids is a notable factor boosting the adoption.
The advantage of smart water grid in substantially reducing leakages and instances of pipe bursts accounts for its preference over conventional centralized water networks. The rapid rise in water scarcity will also catalyze the demand for smart water grids in ensuring sustainable water supply. The rising adoption of automation in smart water grids for water safety and quality monitoring is catalyzing the growth of the market. The shift from centralized water management to decentralized ones in numerous developing and developed countries augurs well for the smart water grid market.
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However, the massive capital required for setting the infrastructure for smart water grid networks and insufficient government support in some regions may act as bottlenecks to the growth of the global market. On the other hand, the pressing need for bringing efficiency in operating and maintaining of water infrastructures through smart grid is helping the market expand over the forecast period. Furthermore, the rising government efforts in various developing countries to adopt smart city infrastructure has also provided a robust impetus to the demand for ICT-based water management solutions.
Some of the prominent players operating in the smart water grid market are Itron, Inc., Siemens AG, Neptune Technology, Landis+Gyr, and Diehl Stiftung & Co. KG.