The smart water-management market that includes meters, network monitoring and water-efficiency software is expected to more than double in five years to $12 billion from $5.4 billion, according to a study.
North America will be the leading revenue market for the 2013-2018 period as aging water and sewage infrastructure, utilities suffering leak losses, irrigation projects and water conservation measures get modernized, the Dallas-based MarketsandMarkets research company said today in the report.
Companies that may benefit from what the report estimates will be a compound annual growth of 17 percent for metering, analytics and cloud-based solutions include Oracle Corp. (ORCL), Siemens AG (SIE), Schneider Electric SA, General Electric Co., ABB Ltd. (ABBN), IBM, Arad Group, Itron Inc. and TaKaDu Ltd., it said.
To contact the reporter on this story: Randall Hackley in London at email@example.com
To contact the editor responsible for this story: Randall Hackley at firstname.lastname@example.org