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Smart Water Management Market Report, 2015 to 2025
“Global smart water management market expected to witness significant growth over the forecast period”
2 May 2019, The Global Smart Water Management Market size is projected to witness substantial growth over the forecast period on account of growing scarcity of fresh water and rising climate volatility. Increasing non-revenue water (NRW), wherein water is wasted due to pipe bursts, metering errors, thefts, leaks, and aging infrastructure, is expected to stir up the demand for smart water management systems.
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Furthermore, surging demand for potable water in order to meet needs of increasing population coupled with uneven distribution of resources is providing an upthrust to the market. Stringent government regulations related to use as well as distribution of fresh water are poised to positively impact the market. Increasing costs of installation of hardware for SWM systems are one of the key growth inhibitors for the market.
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