Global IoT Market in Potable Water Monitoring 2017-2021

Overview of the global IoT market in potable water monitoring

Research analysis on the global IoT market in potable water monitoring identifies that the advantages of smart meters over the traditional meters will be one of the major factors that will have a positive impact on the growth of the market.  Technavio's market research analysts predict that this market will grow at a CAGR of almost 17% by 2021. Smart meters have wide range of applications in the IIoT networks. Smart meters can keep a track of energy and water consumption levels and can exchange data over communication networks. These smart meters can track the real-time consumption of resources in the facility at any time and allow users to make use of energy efficiently with saving money and prevent carbon emissions. These meters also display power consumption to users for industries to optimize their energy costs and schedule distribution of loads throughout the day and season. Moreover, to analyze the water quality, smart meters provide data that can be synced with multipurpose detection sensors, flow meters, and networks of water quality monitoring.

In terms of geographic regions, the Americas will be the major revenue contributor to the IoT market in potable water monitoring throughout the forecast period. North America contributes the majority of the market share due to the rapid growth of smart factories and industrial automation in the region. Also, the US and Canada are the key revenue generators for this market.

Competitive landscape and key vendors  

The IoT market in potable water monitoring is a developing market due to the presence of limited established vendors. These vendors follow the market trend and are increasingly concentrating on the production of IoT-based devices for real-time monitoring of water. During the forecast period, the market is likely to witness the entry of new vendors due to the increasing demand in the market.

The leading vendors in the market are -

• GE
• Libelium
• Trimble
• Valarm

The other prominent vendors in the market are A.T.E, SenseGrow, Semtech, Tibbo, and Bacsoft.

Segmentation by solutions and analysis of the IoT market in potable water monitoring

• Hardware and software solutions
• Services

During 2016, the hardware and software solutions segment accounted for the major shares of the IoT market in potable water monitoring. Benefits such as the effective determination of water quality and the ease of communicating water analysis results to the control room with real-time data generation will contribute to the growth of this industry segment in the coming years.

Segmentation by applications and analysis of the IoT market in potable water monitoring

• Chemical testing
• Physical testing
• Biological testing

According to this market research report, the chemical testing application segment will account for the maximum shares of the IoT market in potable water monitoring until 2021. The assistance provided by the chemical testing in the analysis of a wide range of parameters and the availability of different types of chemical testing devices, will drive the growth of the market in this segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global IoT market in potable water monitoring?
• What are the key market trends impacting the growth of the global IoT market in potable water monitoring?
• What are the challenges to market growth?
• Who are the key vendors in the global IoT market in potable water monitoring?
• What are the market opportunities and threats faced by the vendors in the global IoT market in potable water monitoring?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global IoT market in potable water monitoring?

Technavio also offers customization on reports based on specific client requirement.

One of the key factors driving the global IoT market in potable water monitoring are the regulatory standards governing potable water quality. This upcoming research report on the global IoT market offers insights into the major trends and drivers influencing the growth of the industrial automation industry. Our reports for the automation industry implements a unique method for data collection, which enables our industry experts to analyze fast growing market segments like automation.

Furthermore, to ensure precise and accurate forecasts, our industry experts implement an extensive research approach of primary and secondary data collection methods and assess the changing demand-supply landscape of the automation sector. Few of the key approaches involved in this methodology are detailed vendor briefing, online surveys, and consultation of industry journals and publications. Also, by considering the market forecast and size, surging demand for various segments of the automation sector, the market research professionals at Technavio present an all-inclusive picture of the IoT market in potable water monitoring from 2017 to 2021.

To help the clients resolve challenges like high implementation cost and awareness regarding benefits of IoT, the market research report on global IoT market also covers vendors like Valarm, Trimble, EcoAxis, General Electric, SenseGrow, Libelium. Moreover, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the IoT market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for the IoT market also categorizes the changing drivers, prominent trends, and the imminent restraints that the enterprise application sector currently experiences. This upcoming report on the IoT market in potable water monitoring presents insights into the rapidly changing competitive landscape to give clients a complete outlook of the forthcoming events within the industrial automation industry. Technavio also offers in-depth market assessments into the sectors such as robotics.

Our market research methodology for the IoT market in potable water monitoring

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.