- The key vendors in the global smart water network market 2015-2019 are Badger Meter Inc., Elster Group, Itron Inc., Neptune Technology Group Inc. and Sensus Inc.
London, 15 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global smart water network market 2015-2019. One of the major trends upcoming in this market is technological improvements and advancements. Advances in smart water meter technology, coupled with the emergence of AMI-enabled communication from both ends, are attracting more vendors. The global smart water network market is expected to grow at a CAGR of 15.34% during the forecast period of 2014-2019.
“Growing populations, urbanization, and rising water consumption from the residential and industrial sectors has exerted tremendous pressure on aging infrastructure, which is prone to leakage and breaks,” says Faisal Ghaus, Vice President of Technavio Research.
“Smart water meters and smart water networks will likely be more in demand, in order to help water utilities measure water consumption, detect leakages, and manage/monitor control valves, and water pumps data effectively.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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