The US smart water management market is estimated to grow at a CAGR of 11.5% during the forecast period. The US is the leading smart water management market in the North America region. The country has a huge potential for the growth of the US smart water management market. The US is the largest economy across the globe. The US has recorded significant adoption of smart water meters since 2015. States Government is taking initiatives for the installation of smart water meters. For instance, the Eastern Municipal Water District (EMWD) in Southern California is expected to increase its monthly smart meter installation, with 5,000 AMI units. EMWD also announced to replace 5,000 existing analog water meters to smart water meters. Such initiatives by state governments are significantly contributing to the growth of the market in the US.
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Moreover, Government along with IT giants explores new offerings in the development of ‘Smart City’. For instance, The City of San Jose, CA in collaboration with Intel Corporation has announced to implement Intel’s IoT Smart City Demonstration platform in order to further support the City’s Green Vision initiative. Further, water management programs are also supporting the growth of the market. For instance, the American Recovery and Reinvestment Act of 2009 (ARRA), which includes funding for the Smart Grid Investment Grant (SGIG) program provides more than 50% of the $8 billion in the SGIG project which includes the development of advanced metering infrastructure.
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Market Segmentation
The US Smart Water Management Market by product
- Hardware
- Automated Meter Reading
- Advanced Meter Infrastructure
- Other Hardware
- Software And Services
The US Smart Water Management Market by Application
- Residential
- Commercial
- Industrial
Company Profiles
- ABB, LTD.
- ARAD GROUP
- Badger Meter, Inc.
- Belkin Corp.
- Emerson Electric Co.
- ET Water Systems, Inc
- Honeywell International, Inc.
- Huawei Technologies
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