The global water utility monitoring system market size is poised to grow by USD 807.37 million during 2020-2024, progressing at a CAGR of over 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Water Utility Monitoring System Market 2020-2024 (Graphic: Business Wire)
The increasing burden on water utilities owing to the need for water recycling and reuse is one of the key factors expected to trigger the growth of water utility monitoring system market size in the forthcoming years. There has been a significant rise in water recycling projects such as non-potable water systems. Such projects will further drive the water utility monitoring systems for proper integration and management of water utilities. The rising focus on moving beyond conventional water recycling projects to energy-efficient water recycling projects is also expected to drive market growth in the coming years.
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Report Highlights:
- The major water utility monitoring system market growth came from AMI segment. AMI in the water industry has been gaining traction, as water utilities are increasingly focusing on improving customer service and enhancing operational efficiency. Many water utilities in North America and Europe are switching from traditional water infrastructure to AMI.
- Europe was the largest water utility monitoring system market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the high demand for water from the residential and commercial sectors will significantly drive water utility monitoring system market growth in this region over the forecast period.
- The global water utility monitoring system market is fragmented. Aclara Technologies LLC, Badger Meter Inc., CGI Inc., Itron Inc., Landis+Gyr AG, Liss Technologies Group LLC, LUMEL SA, ORBCOMM Inc., Verizon Communications Inc., and Xylem Inc. are some of the major market participants. To help clients improve their market position, this water utility monitoring system market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the Global Water Utility Monitoring System Market 2020-2024 is expected to have Neutral and Inferior Impact. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
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Increased Consumer Engagement Activities and Awareness Programs will be a Key Market Trend
Several consumer engagement activities and awareness programs are gaining traction, which is one of the key water utility monitoring system market trends. Various consumer education programs are being launched to create awareness about water conservation and educating consumers about several benefits of the implementation of smart water meters. Utility providers are also leveraging social media platforms and online channels for engaging with customers, leading to market growth.
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Water Utility Monitoring System Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist water utility monitoring system market growth during the next five years
- Estimation of the water utility monitoring system market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the water utility monitoring system market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of water utility monitoring system market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- AMI Market size and forecast 2019-2024
- AMR Market size and forecast 2019-2024
- Market opportunity by Technology
Market Segmentation by End-user
- Market segments
- Comparison by End user
- Domestic Market size and forecast 2019-2024
- Industrial Market size and forecast 2019-2024
- Market opportunity by End user
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aclara Technologies LLC
- Badger Meter Inc.
- CGI Inc.
- Itron Inc.
- Landis+Gyr AG
- Liss Technologies Group LLC
- LUMEL SA
- ORBCOMM Inc.
- Verizon Communications Inc.
- Xylem Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
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