The China smart water management market is estimated to grow at a CAGR of 13.4% during the forecast period. China is one of the major countries that are significantly facing water scarcity concerns. As per the World Bank, despite being the world’s second-largest economy and being home to 21% of the global population, China has only 6% of the world’s freshwater resources. As a result, the Chinese government is adopting water management strategies to overcome the concerns of water scarcity in the country. For instance, a memorandum of understanding (MoU) between the Swiss Federal Department of the Environment, Transport, Energy and Communications (DETEC), and the Ministry of Water Resources of the People’s Republic of China (MWRC) was signed.
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Furthermore, Imagine H2O, a global water innovation accelerator has introduced its inaugural China Initiative in 2018. It offers entrepreneurs with the insight, visibility and resources to introduce and scale water solutions. Imagine H2O empowers people to develop and deploy innovation to solve water challenges across the globe. Rising demand for smart cities is offering significant opportunity for the growth of china smart water management market. For instance, according to the German Asia-Pacific Business Association, the Chinese government is pushing the development of smart cities counting around 500 pilot projects already. The development of innovative smart city projects in China involves some key factors, such as digital integration, new and sustainable mobility solutions, distributed energy generation, and automated waste management.
China Smart Water Management Market Segmentation
By product
- Hardware
- Automated Meter Reading
- Advanced Meter Infrastructure
- Other Hardware
- Software And Services
By Application
- Residential
- Commercial
- Industrial
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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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