TechNavio recognizes the following companies as the key players in the Global Water IT Market: Neptune Technology Group Inc., Badger Meter Inc., Sensus USA Inc., Itron Inc. and Elster Group SE.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said: ”A significant driver of the Global Water IT market is the increase in the number of regulations imposed by governments. For instance, the waterMAP program was launched to monitor and control the water consumption in Victoria, Australia. According to the program, all non-residential establishments that consume more than ten million liters of water a year are required to develop a waterMAP to reduce their consumption. The US Environment Protection Agency also mandates that every business organization that uses more than 100 million liters of water a year in Victoria should create an EREP to monitor and control its water consumption. Such plans recommend the use of water IT equipment such as smart water meters to monitor the usage of water.”
According to the report, one of the major drivers is the increased need for water conservation. Water scarcity, caused by infrastructure flaws, water contamination, and a lack of water conservation, has led to a major gap between the demand for and the supply of water. This has increased the demand for various water management techniques and various types of water IT devices, thereby driving the growth of the Global Water IT market.
Further, the report states that one of the major challenges in this market is the high cost of water IT products and services. Small-scale water utilities industries find it difficult to purchase sufficient water treatment products due to their high cost. Countries with a large population have to purchase a huge amount of expensive chemicals to meet their water treatment needs. This is proving to be a huge challenge.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are eMeter Inc., Pure Technologies Ltd., Bentley Systems Inc., Echologics Engineering Inc., Derceto Inc., Redzone Robotics Inc., TaKaDu Ltd., The Pressure Pipe Inspection Co., Martinek Water Management GmbH, 7Technologies A/S, Miya S.a.r.l., Hydropoint Data Systems Inc., AquaSpy Group Pty Ltd., Cyber-Rain Inc. and ET Water Systems LLC.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-water-it-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/clean-technology
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TechNavio Announces the Publication of its Research Report-Global Water IT Market 2012-2016
