To Know More; Download PDF Brochure: https://bit.ly/3HpWngY Smart water management is the next big thing due to increasing global water scarci...To Know More; Download PDF Brochure: https://bit.ly/3HpWngY
Smart water management is the next big thing due to increasing global water scarcity and increasing demand for water conservation. Smart water management solution providers are actively offering smart water technologies to help users effectively manage chronic water shortages. The global Smart Water Management market size is expected to grow USD 13.8 billion in 2021 to USD 22.4 billion by 2026 Smart water management is being adopted mainly by manufacturing firms and chemical-based companies to reduce water wastage and for efficient use of their resources.
The growth of the SWM market is expected to gain traction in the next five years, which can be attributed to factors, such as rapid urbanization generating enormous pressure on water utilities for quality and continuous water supply and related services; rapid adoption of advanced technologies for innovating smart solutions to cater to the growing water industry challenges; rising concern for sustainable living leading to the development of regulations and laws by governments across the globe to reduce water consumption; and developing water treatment solutions.
The demand for freshwater in residential areas has shown unprecedented growth due to the world’s growing urban population, changing lifestyles, and eating habits leading to higher water consumption. The increase in water consumption is more pronounced in urban settings with high population density with the presence of production industries that contribute to major water consumption. The rising demand for quality water services is expected to propel the demand for SWM solutions in residential areas.