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DXP Enterprises Inc (DXPE) Q4 2020 Earnings Call Transcript


Operator
Ladies and gentlemen, thank you for standing by and welcome to DXP Enterprises, Inc Fourth Quarter 2020 Earnings Call. [Operator Instructions] After the speakers presentation, there will be a question-and-answer session. [Operator Instructions]
I would now like to hand the conference over to Mr. Kent Yee, Chief Financial Officer. Please go ahead.
Kent Yee
Senior Vice President and Chief Financial Officer
Thank you, Michelle. This is Kent Yee, and welcome to DXPs Q4 2020 conference call to discuss our results for the fourth quarter and fiscal year ending December 31st, 2020. Joining me today is our Chairman and CEO, David Little. ....

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Digital Water Solutions Market to Touch USD 1.26 Billion at a 12.01% CAGR by 2026


Market Analysis
Market Research Future (MRFR) predicts the global
digital water solutions market size to reach USD 1.26 billion at a CAGR of 12.01% from 2020 to 2026 (forecast period).
Digital water solutions include a wide range of products and technologies used by water and wastewater providers, including software, hardware, services, analytical tools, data collection, and state-of-the-art technologies like artificial intelligence (AI) and machine learning. With digital water solutions, developing countries can develop and manage off-grid and localized water systems and produce dynamic models which can incorporate smart valves, pumps, sensors, and other smart devices and send real-time data of water systems. Therefore, all of the above factors are driving the growth of the global market. ....

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Digital Water Solutions Market to Touch USD 1.26 Billion at a 12.01% CAGR by 2026 | Market Research Future (MRFR)


Analytical Technology, Inc. (US).
Many leading players like Schneider Electric (France), ABB (Switzerland), Bentley Systems (US), and others are actively participating in digital water solution development projects. For example, in April 2019, Bentley Systems (US) made an agreement with Digital Water Works (US) to invest in superior infrastructure digital twin solutions for investor-owned and municipal water and wastewater utilities worldwide. Such market developments are anticipated to propel the growth of the global market for digital water solutions during the forecast period.
Summary
The global digital water solutions market size is set to reach USD 1.26 billion at a CAGR of 12.01% from 2020 to 2026 (forecast period). Digital water solutions refer to an ecosystem containing a wide variety of products and technologies used by water and wastewater companies, including hardware, software, services, information technology (IT), data collection, analytical tools, and st ....

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