North American smart water management is anticipated to grow at a CAGR 11.7% during the forecast period. North America has the highest market value in the global smart water management market. This market value is mainly driven by well-developed water resources infrastructure and information and communication technology (ICT) industry. North America is one of the leading economies of the world with a cumulative GDP of approximately $22.2 trillion in 2018.
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Additionally, the market is driven by increasing awareness towards environmental issues and scarcity of resources. The government in the region has enforced strict regulations and legislative mandates in order to preserve water resources. Integration of IoT with water management and ‘Smart City’ projects is expected to fuel the North American smart water management market. The US and Canada have a significant contribution to the development of smart water management infrastructure due to the adoption of advanced technology along with the rising demand for water resources.
North American 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
- North American
- United States
- Canada
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Company Profiles
- ABB, LTD.
- ARAD GROUP
- Badger Meter, Inc.
- Belkin Corp.
- Emerson Electric Co.
- ET Water Systems, Inc
- Honeywell International, Inc.
- Huawei Technologies
- Itron, Inc.
- Xylem Inc.
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