Smart Water Management Market by Component, Automation Solution (Water Quality & Quantity Monitoring, Water Treatment & Automation, Pressure Control & Leakage Detection, Analytics & Data Management), User Type, and Region — Global Forecast to 2028
The Smart Water Management market is expected to reach USD 21.2 billion by 2028, at a CAGR of 12.7% during the forecast period of 2021 to 2028. Growing demands for sustainable water solutions, compelling need to replace the existing water infrastructures, and increasing need for reducing water loss due to non-revenue water are key factors contributing to the growth of this market. However, limited resources to implement modernized solutions, particularly in developing nations, high initial investment, and low return on income are some of the factors causing hindrances to the market growth. However, increasing government initiatives to implement smart water management and growing developments in smart city initiatives are expected to offer abundant opportunities to the stakeholders in this market in the forecasted period. Click here to: Get Free Sample Pages of this Report Impact of COVID-19 on the smart water management market The COVID-19 pandemic has adversely hit many economies aro...