Technavio Announces the Publication of its Research Report Global IoT Market in Potable Water Monitoring 2017-2021
Technavio recognizes the following companies as the key players in the global IoT market in potable water monitoring: GE, Libelium, Trimble, and Valarm.Other Prominent Vendors in the market are: A.T.E, SenseGrow, Semtech, Tibbo, and Bacsoft.Commenting on the report, an analyst from Technavios team said: One trend in the market is increasing adoption of smart sensors. A smart sensor is a device that collects input from the environment and compares them with the output data to perform predefined functions.
It provides advantages such as facilitating reduced interconnecting wires. It also offers increased reliability and helps improve a facility's performance.
These flexible systems need rugged packaging and are easy to use and maintain.
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According to the report, one driver in the market is prominent benefits of smart meters over traditional meters. Smart meters have significant applications in the IIoT networks.
Smart meters can measure energy and water consumption, and can exchange data over communication networks. Traditional meters are only capable of measuring the consumed amount.
However, smart meters can map real-time consumption of resources in the facility at any point of time. Therefore, smart meters allow users to make use of energy efficiently and save money and prevent carbon emissions.
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Further, the report states that one challenge in the market is lack of awareness regarding benefits of IoT. The IoT is an emerging technology and is witnessing a high demand among large industries.
However, many small- and medium-sized enterprises are still unaware of this modern technology. Most of the water utilities are unaware of the availability of new advanced tools, which will assist processes in incorporating real-time monitoring, in the market.
There are many orthodox enterprises that believe in continuing with traditional systems, neglecting benefits from advanced technologies.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.
About IoT in Potable Water MonitoringThe Internet of Things (IoT) is a network of computing devices that are connected through the Internet. This technology helps in real-time operations in utilities, enabling the exchange of data through the connected network.
The IoT in potable water monitoring helps in collecting real-time information regarding the water quality at remote locations. The IoT market in potable water monitoring can be segmented based on solutions into hardware and software solutions and services.Technavios analysts forecast the global IoT market in potable water monitoring to grow at a CAGR of 16.85% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the Global IoT Market in Potable Water Monitoring for 2017-2021. To calculate the market size, the report considers new installations of new solutions, retrofit of existing solutions, replacement of non-functional parts, and aftersales services.The market is divided into the following segments based on geography:
EMEATechnavio's report, Global IoT Market in Potable Water Monitoring 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
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ValarmOther prominent vendors
Prominent benefits of smart meters over traditional meters
For a full, detailed list, view our report Market challenge
Lack of awareness regarding benefits of IoT
For a full, detailed list, view our report Market trend
Increasing adoption of smart sensors
For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2021 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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