The North America smart water management market dominated the global scene in 2018 by contributing the highest revenue. The market is expected to continue its winning streak and rise with a CAGR of 16.97% over the forecast period of 2019-2027.
Smart water management finds a major application in the construction industry of the North American region, wherein it is used to set up strong infrastructure. These systems are also being implemented for irrigation and sewage system of the cities as well as for the management of wastewater systems for various purposes such as sanitation and irrigation.
The U.S and Canada are the primary markets for the North American region. Both these countries are being driven by strong government support and the substantial investments being made for improving the water-infrastructure.
Utility Systems, Itron, Inc., IBM, American Water Company, Belkin Corporation (PYHN), Takadu Ltd., Arad Technologies Ltd., Honeywell International, Inc. (Holding Company of Elster Group SE), Siemens AG, Schneider Electric SE, ABB Ltd., Landis+Gyr, Xylem Inc., Huawei Technologies, and Suez Water Technologies & Solutions (Formerly GE Water) are few of the leading companies in this market.