The global smart water management market size is expected to reach USD 18.90 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. The demand for fresh, clean water for drinking and other domestic and business uses is on the rise, which is causing an increase in initiatives to implement sustainable water management systems.
In many developing nations, the use of smart water management solutions is on the rise due to the decreasing supply of accessible, affordable, and clean water and the improvement of sewerage treatment and processing services. The implementation of Internet of Things (IoT) technology to monitor infrastructure, water resources, and the environment is expanding, which is boosting demand for related products and the growth of the smart water management market.
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IoT sensors with higher performance and lower cost are becoming more widely available, which is helping to fuel the growth in demand for smart water management systems. With regard to enhancing water conservation, repairing and replacing ageing infrastructure, responding better to climate change and extreme weather events, and protecting the environment and public health, smart water management technologies offer a number of advantages.
Demand for smart water management solutions is anticipated to be driven by growing adoption of smart metering to create more effective water management systems. In order to increase hydraulic and energy efficiency, water utilities are installing advanced metering infrastructure (AMI). Utilization of smart water metering is boosted by the growing demand for leakage control and for monitoring unlawful connections in terms of water amounts.
Competitive Outlook:
The global Smart Water Management market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Smart Water Management market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some major companies in the global market report include ABB, IBM, Honeywell Elster, Siemens, Itron, Schneider Electric, SUEZ, Oracle, Landis+Gyr, and SENSUS.
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Emergen Research has segmented the global smart water management market on the basis of offering, end-use, and region:
Offering Outlook (Revenue, USD Billion; 2018–2028)
Service
Professional Services
Managed Services
Solution
Distribution Network Monitoring
Meter Data Management
Asset Management
Supervisory Control and Data Acquisition (SCADA)
Analytics
Smart Irrigation Management
Others
Water Meters
AMI Meters
AMR Meters
End-use Outlook (Revenue, USD Billion; 2018–2028)
Residential
Commercial Industrial
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Key Questions Answered in the Report:
What will be the estimated growth rate of the Smart Water Management market by 2028?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Smart Water Management market throughout the forecast period?
What are the current and future market trends of the Smart Water Management market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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