Smart Water Management Market to Reach USD 15,232.6 Million till 2019 Thanks to Favorable Government Regulations: Transparency Market Research

Transparency Market Research has recently published a research report titled “Smart Water Management Market (Component Types - Hardware, Solutions, Services; Meter Read Technology - Fixed network, Cellular network) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019”.

Browse Report: http://www.transparencymarketresearch.com/smart-water-management.html

In 2012, the global smart water management market was worth US$4,813.3 million. It is likely to reach an expected value of US$15,232.6 million in 2019, increasing at a 17.7% CAGR between 2013 and 2019.

The market for smart water management is analyzed on the basis of components, meter read technology, and the geography in this research report.

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Based on components, the smart water management market is divided into hardware, services, and solutions. The hardware segment is classified into AMI, AMR, and others. It was the dominant segment in 2012 and held around 40.1% market share of the global smart water management market. It is likely to remain so in the forecast period. However, the solutions segment is likely to rise at a faster rate owing to increasing demand for various advanced software such as ReadCenter AnalyticsPro, Hymer (Orbicon), and ReadCenter Analytics+, and Intelligent Operations Center software, amongst others.

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By meter read technology, the market for smart water management is categorized into fixed and cellular technology market.

Geographically, North America, Europe, Asia Pacific, and RoW are the key markets for smart water management. North America was considered to be the largest revenue driver in 2012. It accounted for around 47.5% of the total revenue of the global smart water management market. Asia Pacific is likely to exhibit the fastest growth from 2013 to 2019, at a 23.7% CAGR. The development in this region is mainly attributed to unreliable rainfall consistency and global warming.

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About TMR

Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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