Smart Water Management Market, by Component (Hardware (AMR (Automatic Meter Reading), AMI (Advanced metering Infrastructure)), and Others) Solutions, and Service) and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Smart water technology can change the traditional water and wastewater systems into an interconnected and intelligent water transmission system. The smart water management system provides a resilient and efficient water supply system and improves sustainability. Smart water management contains AMI (Advanced Metering Infrastructure), it is a system of water meters, communication networks, and data management technology, furthermore, this metering system provides greater visibility across the system for data riven strategic decisions.
Market Dynamics
The growth of smart management is get attributed to increasing technological advancements in water management systems such as the use of advanced metering technology, and supervisory control and data acquisition systems. Moreover, many organizations are working on developing advanced metering systems that can help to reduce the water wastage, and provides better visibility in the watering system. AECOM partners with IBM for a “Smarter Water” solution. This solution will help water management agencies to manage the watering system using smart, advanced technology solutions. Moreover, the government of many courtiers such as India is focusing on sustainable water management policies, which is expected to increase the demand for smart water management over the forecast period.
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