LONDON--(BUSINESS WIRE)--The smart water network market is expected to grow by USD 13.99 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the smart water network market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19
The smart water network market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. However, as per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the next normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Smart Water Network Market Participants:
Arad Group
Arad Group operates its business through the unified segment. The company designs, develops, manufactures, sells, and provides support for its cutting edge water meters which are sold to residential, bulk, irrigation, and water management companies.
Badger Meter Inc.
Badger Meter Inc. operates its business through the unified segment. The company manufactures, markets, and distributes products incorporating flow measurement, control, and communication solutions.
Diehl Stiftung & Co. KG
Diehl Stiftung & Co. KG operates its business in various segments such as metal, controls, defense, aviation, Metering, and Other. The company offers water, thermal energy, gas, and electricity meters with remote reading solutions including Automatic Meter Reading and Advanced Metering Infrastructure.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/smart-water-network-market-industry-analysis
Smart Water Network Market 2020-2024: Segmentation
The smart water network market is segmented as below:
- Technology
- Smart Meter
- Monitoring And Control
- Communication Network
- Data Management
- Geography
- Europe
- North America
- APAC
- MEA
- South America
The smart water network market is driven by the need for reducing non-revenue water. In addition, other factors such as increasing demand for clean water are expected to trigger the smart water network market toward witnessing a CAGR of over 13% during the forecast period.
Get more insights about the global trends impacting the future of the smart water network market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45806
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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