Global Smart Water Management Market, By Water Meter (AMR, AMI), Advanced Water Meters (Meter Type, Meter Read Technology), Solution (Enterprise Asset Management for Water and Waste water Utilities, Network Monitoring, Advanced Pressure Management, SCADA Systems for Water and Wastewater Utilities, Advanced Analytics, Meter Data Management (MDM) for Water, Residential Water Efficiency, Smart Irrigation Management Systems), Service (Professional Services, Managed Services), Automation Solution (Water Quality and Quantity Monitoring, Water Treatment and Automation, Pressure Control and Leakage Detection, Analytics and Data Management), End User (Commercial and Industrial, Residential), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Smart Water Management Market
Smart water management market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 11.8% in the above-mentioned forecast period.
Smart water management is basically a water management system that made to gather meaningful and actionable information on the flow, pressure and distribution of a city's water. It revolutionizes traditional water distribution with new technologies. It reduce water wastage and to use their energy efficiently. Its main goal is to basically ensure that the infrastructure and energy used to transport water are managed effectively.
The factors such as rising shortage of water and growing demand for water conservation are expected to emerge as the significant factors accelerating the growth of smart water management market. In addition to this, the growing global smart city initiatives and the compelling need to replace existing water infrastructure will further aggravate the growth of the smart water management market in the above-mentioned forecast period. The growing demand for sustainable water solutions and need for reducing water loss due to non-revenue water are also projected to boost the growth of the market. However, the dearth of digitally skilled workforce results as a growth restraint for the market. The high initial investments and lack of skilled workforce to implement modern solutions is also expected to hamper the market’s growth.
The growing technological advancements in water and waste water treatments such as advanced metering technology and Supervisory Control and Data Acquisition (SCADA) and increasing government initiatives to implement smart water management are also anticipated to generate lucrative opportunities for the smart water management market in the forecast period of 2022 to 2029. The reduced shelf-life of smart meters and low return on income will pose as a challenge for the smart water management market.
This smart water management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Smart water management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Water Management Market Scope and Market Size
The smart water management market is segmented on the basis of advanced water meters, advanced water meters, solution, service and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of water meter, the smart water management market has been segmented into AMR and AMI.
- On the basis of advanced water meters, the smart water management market has been segmented into by meter type and by meter read technology. By meter type has been further segmented into AMR meters and AMI meters. By meter read technology has been further segmented into fixed network and cellular network.
- On the basis of solution, the smart water management market has been segmented into enterprise asset management for water and wastewater utilities, network monitoring, advanced pressure management, SCADA Systems for water and wastewater utilities, advanced analytics, meter data management (MDM) for water, residential water efficiency, and smart irrigation management systems.
- On the basis of service, the smart water management market has been segmented into professional services and managed services. Professional services have been further segmented into maintenance and support, deployment and integration and consulting services.
- On the basis of automation solution, the smart water management market has been segmented into water quality and quantity monitoring, water treatment and automation, pressure control and leakage detection and analytics and data management.
- On the basis of end user, the smart water management market has been segmented into commercial and industrial and residential.
Smart Water Management Market Country Level Analysis
The smart water management market is analyzed and market size, volume information is provided by advanced water meters, advanced water meters, solution, service and end user as referenced above.
The countries covered in the smart water management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the smart water management market during the forecast period owing to the increasing demand for sustainable energy solution and strict government regulations across several countries in the region in the forecast period of 2022 to 2029. Asia-Pacific, on the other hand, is expected to show a lucrative growth due to growing demand for water conservation in the region.
The country section of the smart water management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Water Management Market Share Analysis
The smart water management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Smart water management market.
Some of the major players operating in the smart water management market report are General Electric, ABB, Itron Inc., Schneider Electric, IBM Corporation, SENSUS USA INC, Honeywell International Inc., Siemens, Neptune Technology Group Inc., Radius Synergies International Pvt Ltd, Trimble Water, TaKaDu, SenzIoT, SUEZ, Siemens, Oracle, Itron Inc., and i2O Water Ltd., among others.