SAN FRANCISCO, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smart Water Management - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Edition: 5; Released: January 2022
Executive Pool: 17893
Companies: 42 - Players covered include ABB Group; Arad Group; Elster Group GmbH; General Electric Company; Itron, Inc.; Schneider Electric SA; Sensus; Siemens AG; TaKaDu and Others.
Coverage: All major geographies and key segments
Segments: Advanced Water Meters (Meter Type, Meter Read Technology); Solution (Network Monitoring, Advanced Pressure Management, SCADA System, Advanced Analytics, Residential Water Efficiency, Smart Irrigation Management Systems, Other Solutions)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Smart Water Management Market to Reach $39.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart Water Management estimated at US$13.9 Billion, is projected to reach a revised size of US$39.1 Billion by 2026, growing at a CAGR of 18.6% over the analysis period. Meter Type, one of the segments analyzed in the report, is projected to record a 18.3% CAGR and reach US$15.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Meter Read Technology segment is readjusted to a revised 18.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5 Billion in 2021, While China is Forecast to Reach $6.8 Billion by 2026
The Smart Water Management market in the U.S. is estimated at US$5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.8 Billion by the year 2026 trailing a CAGR of 17.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.6% and 16.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR. More
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SOURCE Global Industry Analysts, Inc.