Asia-Pacific Smart Water Management Market Sluggish Growth Rate Foreseen by 2019-2025

The Asia-Pacific smart water management market is estimated to grow at a CAGR of 14.3% during the forecast period.  In 2018, the Asia-Pacific smart water management market was valued at around $1.2 billion and is further estimated to reach nearly $3.2 billion in 2025. The Asia-pacific smart water management market is estimated to witness promising growth owing to a significant focus on water management and ongoing projects for smart water management. For instance, China is constantly focusing on strengthening its commitment to the protection of the water and environment, soil quality and air. 

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Some projects for smart water management have been reported in the region. For instance, in March 2017, Shenzhen Water, China Telecom, and Huawei jointly released the world's first commercial NB-IoT-based smart water project on World Water Day. Shenzhen Water has deployed nearly 1200 NB-IoT smart water meters for Southern Pearl Garden and other residential areas in the Yantian District of Shenzhen. With the support of the carrier networks and the water service platform based on E-Cloud 3.0 of China Telecom Shenzhen, Shenzhen Water has comprehensively upgraded its water management system to embrace the smart water era. 

Shenzhen Water has been proactively exploring the in-depth convergence between water service management and next-generation information technologies, including cloud computing, IoT, and big data. From the initial stage of the agreement, Huawei, Shenzhen Water, and China Telecom have been continuously attempting to evolve the NB-IoT industry chain. The commercial NB-IoT-based smart water project will play a standard role in the development of the smart city and IoT industry. 

Asia-Pacific Smart Water Management Market Segmentation

By product

·        Hardware

·        Automated Meter Reading

·        Advanced Meter Infrastructure

·        Other Hardware

·        Software And Services

By Application

·        Residential

·        Commercial

·        Industrial

Regional Analysis

·        Asia-pacific 

·        India

·        China

·        Japan

Rest of Asia-Pacific

A full Report of Asia-Pacific Smart Water Management Market is Available @  https://www.omrglobal.com/industry-reports/asia-pacific-smart-water-management-market

Company Profiles

·        ABB, LTD.

·        Hitachi, Ltd.

·        Honeywell International, Inc.

·        Huawei Technologies Co. Ltd.

·        Huizhong Instrumentation Co.,Ltd.

·        Itron, Inc.

·        Schneider Electric SE

·        SUEZ Group

·        SUNTRONT TECH CO., LTD.

·        TOSHIBA INFRASTRUCTURE SYSTEMS & SOLUTIONS CORP.

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