Dublin, July 30, 2024 (GLOBE NEWSWIRE) -- The "Water Utility Monitoring Systems - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Water Utility Monitoring Systems was valued at an estimated US$4.3 Billion in 2023 and is projected to reach US$5.1 Billion by 2030, growing at a CAGR of 2.4% from 2023 to 2030.
The water utility monitoring systems market is witnessing the integration of IoT and smart technologies, which enable real-time monitoring and data collection for more accurate and efficient water management. Advanced data analytics and AI are being utilized to predict potential issues, optimize operations, and make data-driven decisions for better resource management.
There is a growing emphasis on cybersecurity to protect critical infrastructure from cyber threats and ensure the integrity of water supply systems as they become more digitized. The adoption of cloud-based monitoring solutions is on the rise, offering scalable, flexible, and cost-effective options for managing monitoring systems and data.
The development of smart water grids, which incorporate various monitoring and control technologies, is gaining momentum, providing enhanced efficiency and reliability in water distribution and management. Predictive maintenance, powered by data analytics and AI, is becoming a key trend, helping utilities anticipate and address issues before they become significant problems, thereby reducing downtime and maintenance costs.
Customer-centric solutions, such as smart meters and customer portals, are being developed to allow consumers to monitor their water usage and participate in water conservation efforts. The adoption of sustainable and environmentally friendly technologies is on the rise, with water utilities striving to reduce their environmental impact and promote sustainable water management practices.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Advanced Metering Infrastructure (AMI) Technology segment, which is expected to reach US$2.9 Billion by 2030 with a CAGR of a 2.8%. The Automatic Meter Reading (AMR) Technology segment is also set to grow at 2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.2 Billion in 2023, and China, forecasted to grow at an impressive 4.9% CAGR to reach $1.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Water Utility Monitoring Systems Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Badger Meter, Inc., CGI, Inc., Connected Sensors, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors Featured:
- Badger Meter
- CGI, Inc.
- Connected Sensors
- Endress+Hauser
- Esri Global, Inc.
- Hanwell Solutions Ltd.
- Hubbell
- Itron
- Landis+Gyr
- Lumel
- Novatek International
- Unisense
- Wellaware Holdings
- Woodfield Systems International
- Xylem
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 184 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $4.3 Billion |
| Forecasted Market Value (USD) by 2030 | $5.1 Billion |
| Compound Annual Growth Rate | 2.4% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Water Utility Monitoring Systems - Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Demand for Water Conservation Spurs Growth
- Aging Infrastructure Throws the Spotlight on Modernization Needs
- Integration of IoT and Smart Technologies Propels Market Adoption
- Rising Urbanization Expands Addressable Market Opportunity
- Technological Advancements in AI and Machine Learning Improve Efficiency
- Government Investments in Smart City Initiatives Accelerate Market Growth
- Predictive Maintenance Generates Demand for Advanced Monitoring Systems
- Cloud-Based Solutions Enhance Scalability and Flexibility
- Cybersecurity Concerns Propel Innovation in Data Protection
- Development of Smart Water Grids Expands Market Potential
- Increased Focus on Customer-Centric Solutions Drives Adoption
- Economic Growth in Developing Regions Spurs Investment in Water Infrastructure
- Consumer Education Programs on Water Conservation Drive Market Demand
- Increasing Demand for Quality Assurance in Water Supply Drives Growth
- Advances in Sensor Technology Enhance Monitoring Capabilities
- Adoption of Smart Metering Systems Generates Opportunities for Growth
4. GLOBAL MARKET PERSPECTIVE
- World Water Utility Monitoring Systems Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- World Recent Past, Current & Future Analysis for Water Utility Monitoring Systems by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- World Historic Review for Water Utility Monitoring Systems by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Water Utility Monitoring Systems by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Advanced Metering Infrastructure (AMI) Technology by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- World Historic Review for Advanced Metering Infrastructure (AMI) Technology by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Advanced Metering Infrastructure (AMI) Technology by Geographic Region for Years 2014, 2024 & 2030
- World Recent Past, Current & Future Analysis for Automatic Meter Reading (AMR) Technology by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- World Historic Review for Automatic Meter Reading (AMR) Technology by Geographic Region - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- World 16-Year Perspective for Automatic Meter Reading (AMR) Technology by Geographic Region - Percentage Breakdown of Value Sales for Years 2014, 2024 & 2030
For more information about this report visit https://www.researchandmarkets.com/r/oxyh02
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