Detention ponds are basins used to hold water temporarily. These ponds are one of the popular options for flood control. Moreover, they reduce the amount of pollutants that enter the ground water and improve the quality of water and protect water channels. Detention ponds are open basins which provide live storage volume to reduce storm water runoff flow rates. Detention ponds are commonly used for flow control in locations where space is available for above ground facility but where penetration of overflow is infeasible. Detention ponds are designed to provide a range of benefits which includes reduction of peak discharges and improve water quality. The global detention pond analysis and design software market provides solutions with real-time control of the outflow from the basin. This solution is significantly more effective in retaining total suspended solids and associated contaminants, such as heavy metals, when compared to basins without control.
The driving factor for the global detention pond analysis and design software market is increasing demand for efficient management practices to provide general flood protection. Furthermore, detention pond analysis and design software solutions help to prevent localized overflowing and this solution offers water quality benefits. Additionally, there is increasing demand for sophisticated management of aging water resources in developed countries such as the U.S., Japan, and Canada. The rise in levels of storms and floods results in need for efficient hydraulic models. These factors are expected to contribute to the growing demand for detention pond analysis and design software during the forecast period. However, major restraints faced by the detention pond analysis and design software market is huge initial investment requirement and low rate of return. This factor hampers the growth of detention pond analysis and design software market globally. The introduction of internet of things (IoT) creates significant opportunity in the global detention pond analysis and design software market.
The global detention pond analysis and design software market is categorized by component, software type, modeling type, services, solution, and geography. The market is categorized on the basis of component into hardware, software, and services. Based on software component, the market can be segmented into watershed modeling, BAS (Basin Analysis System), network monitoring, advanced pressure management, auto CAD, and others. BAS (Basin Analysis System) is a hydraulic software tool developed for designing, analysis, and optimization of side-weirs. The market is sub segmented on the basis of hardware into sensors, displays, network connecting equipment, camera and others. The market can be fragmented on the basis of services into professional managed services, consulting services, deployment and integration, maintenance and support, and managed services. On the basis of modelling type, the market is segmented as one dimension (1D), two dimensions (2D), and three dimensions (3D).
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Geographically, the detention pond analysis and design software market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America accounts for high market share due to presence of established IT infrastructure in this region. The detention pond analysis and design software market in Europe shows substantial growth due to increase in popularity of smart water management. The Asia Pacific region is expected to register high growth during the estimated period due to increase in investment by governments for efficient pond analysis. The markets in Middle East & Africa and Latin America is expected to expand at a moderate rate during the forecast period.
Key players in the global detention pond analysis and design software market focus on meeting the technological needs of water and wastewater utilities and engineering organizations worldwide. Major vendors in the global detention pond analysis and design software market include Bentley Systems, Incorporated, CULTEC, Inc. Pond Pack Software Solutions, Siemens Industry Software GmbH, Innovyze, Inc., Hydraulic Analysis Group Limited, Pannam Imaging Interface Solutions, Haestad Methods, Inc., Broomfield, Colo., and Wallingford, Hydro CAD Software Solutions, MWH Global Inc., IBM Corporation, Ceinsys Tech Ltd., Computational Hydraulics International (CHI), Hydrology Studio Inc., and XP Solutions Inc. etc.