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.
The report demonstrates the progress and advancement achieved by the global Smart Water Management Market, including the historical analysis and progress through the forecast years. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals. The report provides an accurate estimation by applying SWOT analysis and Porter’s Five Forces analysis. The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market.
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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Key geographical areas:
North America
Europe
Asia Pacific
Latin America
Middle East Africa
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Smart Water Management market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Smart Water Management market size
2.2 Latest Smart Water Management market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Smart Water Management market key players
3.2 Global Smart Water Management size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Smart Water Management market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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