The analysts forecast global water utility monitoring system market to grow at a CAGR of 5.11% during the period 2018-2022. One trend in the market is increased activities of consumer engagement and awareness programs.
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Water utilities are increasingly realizing the benefits of customer engagement and awareness programs.
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The increasing reports of water contamination and water crisis have led utilities to launch consumer education programs. These programs are aimed at creating awareness about water conservation and educating consumers about the benefits of the implementation new technologies such as smart water meters.
Major key players in the global water utility monitoring system market: Aclara Technologies, Badger Meter, CGI Group, Itron, Landis+Gyr, and Sensus (Xylem).
According to the water utility monitoring system market report, one driver in the market is increasing burden on water utilities owing to need for water recycling and reuse. Increase in population and urbanization has led to a high demand for water resources.
With the rising water scarcity and energy cost, utilities are finding it difficult to manage water distribution. Water reuse and recycling are gaining prominence in resolving the water crisis.
Water utilities are moving beyond traditional water recycling projects to focus on energy-efficient water recycling projects.
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Further, the water utility monitoring system market report states that one challenge in the market is complex capital investment programs. One of the major challenges for utilities is the complexity in capital investment programs.
Most of the investments for utilities are in underground pipes or communication networks, which are not visible to end-consumers. Utilities are finding it difficult to persuade regulatory bodies and government organizations in receiving grants to invest in the projects as they are cash-strapped.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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Few Points from List of Exhibits:
Exhibit 1: Related Market
Exhibit 2: Market Characteristics
Exhibit 3: Market Segments
Exhibit 4: Market Definition - Inclusions and Exclusions Checklist
Exhibit 5: Market Size 2017
Exhibit 6: Validation Techniques Employed For Market Sizing 2017
Exhibit 7: Global Water Utility Monitoring System Market Size and Forecast 2017-2022 ($ Mn)
Exhibit 8: Global Water Utility Monitoring System Year-Over-Year Growth 2018-2022 (%)
Exhibit 9: Five Forces Analysis 2017
Exhibit 10: Five Forces Analysis 2022
Exhibit 11: Bargaining Power of Buyers
Exhibit 12: Bargaining Power of Suppliers
Exhibit 13: Threat of New Entrants
Exhibit 14: Threat of Substitutes
Exhibit 15: Threat of Rivalry
Exhibit 16: Market Condition - Five Forces 2017
Exhibit 17: Customer Landscape
Exhibit 18: End-User Market Share 2017-2022 (%)
Exhibit 19: Comparison by End-User
Exhibit 20: Domestic Market Size and Forecast 2017-2022 ($ Mn)