Smart Water Management System Market - Global Industry Analysis

Smart Water Management System Market By Offering (Water Meters, Solutions, Services), By Water Meters (AMR Meters, AMI Meters), By Solution (Enterprise Asset Management, Asset Condition Monitoring, Predictive Maintenance, Analytics And Data Management, Meter Data Management, Supervisory Control And Data Acquisition, Security, Smart Irrigation Management, Advanced Pressure Management, Mobile Workforce Management, Network Management, Customer Information System And Billing, Leak Detection, Other Solutions), By Services (Professional Services, Consulting Services, System Integration And Deployment Services, Support And Maintenance Services, Managed Services), By End User (Commercial and industrial, Residential), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 29-Mar-2022 Category: Energy & Mining Report Format : PDF Pages: 187 Report Code: ZMR-340 Status : Published

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Description

Industry Prospective:

The global smart water management system market was worth around USD 13572.9 million in 2021 and is estimated to grow to about USD 23654.4 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.7 percent over the forecast period. The report analyzes the smart water management system market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the smart water management system market.

Smart Water Management System Market: Overview

Smart water management systems enable efficient water management and minimize wastage of water which is a highly important natural resource that could lead to catastrophic effects if its not managed effectively.

Rapid urbanization, increasing water consumption, strict mandates to regulate water usage, increasing adoption of smart technologies, increasing focus on sustainable living, are some major factors that positively influence the Smart water management system market potential over the forecast period.

Lack of skilled workforce and high costs associated with the implementation of smart water management systems are expected to restrain Smart water management system market growth through 2028. The trend is expected to change as focus on water management increases on a global scale

Global Smart Water Management System Market

COVID-19 Impact:

The COVID-19 pandemic saw the importance of technology and further bolstered the argument for the integration of technology for all key systems. The world economy was run at the mercy of technology in these adverse times and has bolstered the demand for more technology to be implemented to ensure the smooth functioning of the economy in any situation.

The Smart water management system market saw a downward trend in pandemic due to restrictions in outdoor activity and resulted in huge losses for Smart water management system companies. Increasing focus on smart technologies is expected to boost the Smart water management system market growth in the post-pandemic era and help the market rise at a robust CAGR through 2028

Smart Water Management System Market: Growth Drivers

Increasing Population to boost Market Potential

The surge in population, rapid economic development, and continuous urbanization of multiple economies has led to a substantial increase in demand for smart water management systems and are expected to be major drivers for the market growth over the forecast period. Increasing focus on efficiently managing water resources and rising demand for potable water on a global scale under the threat of depleting resources is anticipated to propel the adoption of Smart water management system over the forecast period.

Smart Water Management System Market: Restraints

Shortage of Skilled Workforce

The workforce market is shrinking due to the aging population and changing lifestyle trends across the world and the lack of skilled workforces to effectively man the water utilities. The demand for water supply is more than ever and so is the demand for an increasing workforce to manage the rising workload. These factors are expected to restrain Smart water management system market growth over the forecast period.

Global Smart Water Management System Market: Segmentation

The global smart water management system market is segregated based on offering, water meters, solution, end-user and region.

By offering, the market is divided into water meters, solutions, and services. The solutions segment is expected to emerge as a dominant segment and is anticipated to main this through 2028. Increasing adoption of smart solutions owing to their rising popularity is expected to be the main factor favoring market potential.

By end user, the smart water management system market is segmented into commercial and industrial, residential. Most of the water supply comes under government management and is a societal responsibility of management that is often outsourced to industrial or commercial companies hence the commercial and industrial segment holds a dominant market share and is anticipated to follow the same outlook over the forecast period as well. The number of leakage and water loss incidents across the world is high and is propelling the demand for smart water management systems in this segment.

Report Scope:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Recent Developments

In October 2021 – ABB a leading multinational firm announced a collaborative effort with DHI Group which is a Danish environment specialist to develop digital solutions that will facilitate faster and more effective decision-making tactics in order to conserve and effectively manage water resources on a global scale.

Regional Landscape

Asia Pacific region is projected to lead the global smart water management system market and is expected to be majorly driven by the rising adoption of smart grids in this region. Rapid urbanization and industrialization in emerging economies such as India and China is also expected to majorly boost Smart water management system market growth in this region over the forecast period. The exponential rise in population, supportive government initiatives, increasing investments are some additional factors that shape the Smart water management system market potential by the end of 2028.

Rising technological proliferation and increasing digitization are two major factors that influence Smart water management system market growth in North America. The United States is expected to be the leading market in this region and is expected to have a bright outlook owing to the rapid adoption of new technology in the nation. Other factors such as favorable government initiatives, increasing investments, and rising demand for smart systems are also expected to shape the Smart water management system market over the forecast period.

Competitive Landscape

Some of the main competitors dominating the global smart water management system market include - Siemens (Germany), IBM (US), ABB (Switzerland), Honeywell Elster (US), Schneider Electric (France), Itron (US), SUEZ (France), Oracle (US), Landis+Gyr (Switzerland), Trimble Water (US), HydroPoint (US), i2O Water (UK), Xenius (India), Neptune Technology (US), Takadu (Israel), Badger Meter (US), AquamatiX (UK), Fluid (US), Lishtot (Israel), Elentec (UK), Syrinix (UK), CityTaps (France), FREDsense (Canada), Fracta (US), and Xylem (US)

Global smart water management system market is segmented as follows:

By Offering

Water Meters
Solutions
Services

By Water Meters

AMR Meters
AMI Meters

By Solution

Enterprise Asset Management
Asset Condition Monitoring
Predictive Maintenance
Analytics and data management
Meter data management
Supervisory control and data acquisition
Security
Smart irrigation management
Advanced pressure management
Mobile workforce management
Network management
Customer information system and billing
Leak detection
Other Solutions

By Services

Professional Services
Consulting services
System integration and deployment services
Support and maintenance services
Managed Services

By End User

Commercial and industrial
Residential

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
  - 1.3.1. Market research process
  - 1.3.2. Market research methodology
Chapter 2. Executive Summary
- 2.1. Global smart water management market, 2015 - 2024 (USD Million)
- 2.2. Global smart water management market: snapshot
Chapter 3. Smart Water Management Market- Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
  - 3.2.1. Global smart water management market drivers: impact analysis
  - 3.2.2. Sustainable use of energy resources
  - 3.2.3. Restricting non-revenue water losses
- 3.3. Market Restraints
  - 3.3.1. Global smart water management market restraints: impact analysis
  - 3.3.2. Lack of finance and funds facility
- 3.4. Opportunities
  - 3.4.1. Increased awareness to protect natural resources
- 3.5. Porter's five forces analysis
- 3.6. Market Attractiveness Analysis
  - 3.6.1. Market attractiveness analysis, by product segment
  - 3.6.2. Market attractiveness analysis, by solution segment
  - 3.6.3. Market attractiveness analysis, by regional segment
Chapter 4. Global Smart Water Management Market- Competitive Landscape
- 4.1. Company market share analysis
  - 4.1.1. Global smart water management market: company market share, 2017
- 4.2. Strategic development
  - 4.2.1. Acquisitions & mergers
  - 4.2.2. New product launch
  - 4.2.3. Agreements, partnerships, collaborations and joint ventures
  - 4.2.4. Research and development and regional expansion
Chapter 5. Global Smart Water Management Market- Product Segment Analysis
- 5.1. Global smart water management market: product overview
  - 5.1.1. Global smart water management market revenue share, by product, 2017 and 2024
- 5.2. Advanced Water Meters
  - 5.2.1. Global smart water management market for advanced water meters market, 2015 - 2024 (USD Million)
  - 5.2.2. Advanced Metering Infrastructure (AMI)
    - 5.2.2.1. Global smart water management market for Advanced Metering Infrastructure (AMI) market, 2015 - 2024 (USD Million)
  - 5.2.3. Automated Metering Reading (AMR)
    - 5.2.3.1. Global smart water management market for Advanced Metering Infrastructure (AMI) market, 2015 - 2024 (USD Million)
- 5.3. Meter Read Technology
  - 5.3.1. Global smart water management market for meter read technology market, 2015 - 2024 (USD Million)
- 5.4. Cellular Network
  - 5.4.1. Global smart water management market for cellular network market, 2015 - 2024 (USD Million)
Chapter 6. Global Smart Water Management Market- Solution Segment Analysis
- 6.1. Global smart water management market: solution overview
  - 6.1.1. Global smart water management market revenue share, by solution, 2017 and 2024
- 6.2. Advanced Pressure Management
  - 6.2.1. Global smart water management market for advanced pressure management market, 2015 - 2024 (USD Million)
- 6.3. SCADA Systems
  - 6.3.1. Global smart water management market for SCADA systems market, 2015 - 2024 (USD Million)
- 6.4. Data Management System
  - 6.4.1. Global smart water management market for data management system market, 2015 - 2024 (USD Million)
- 6.5. Residential Water Efficiency
  - 6.5.1. Global smart water management market for residential water efficiency market, 2015 - 2024 (USD Million)
- 6.6. Advanced Analytics
  - 6.6.1. Global smart water management market for advanced analytics market, 2015 - 2024 (USD Million)
Chapter 7. Global Smart Water Management Market- Regional Segment Analysis
- 7.1. Global smart water management market: regional overview
  - 7.1.1. Global smart water management market revenue share, by region, 2017 and 2024
- 7.2. North America
  - 7.2.1. North America smart water management market revenue, by product, 2015 - 2024 (USD Million)
  - 7.2.2. North America smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.2.3. U.S.
    - 7.2.3.1. U.S. smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.2.3.2. U.S. smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.2.4. Canada
    - 7.2.4.1. Canada smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.2.4.2. Canada smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.2.5. Mexico
    - 7.2.5.1. Mexico smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.2.5.2. Mexico smart water management market revenue, by solution, 2015 - 2024 (USD Million)
- 7.3. Europe
  - 7.3.1. Europe smart water management market revenue, by product, 2015 - 2024 (USD Million)
  - 7.3.2. Europe smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.3.3. UK
    - 7.3.3.1. UK smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.3.3.2. UK smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.3.4. Germany
    - 7.3.4.1. Germany smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.3.4.2. Germany smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.3.5. France
    - 7.3.5.1. France smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.3.5.2. France smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.3.6. Spain
    - 7.3.6.1. Spain smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.3.6.2. Spain smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.3.7. Russia
    - 7.3.7.1. Russia smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.3.7.2. Russia smart water management market revenue, by solution, 2015 - 2024 (USD Million)
- 7.4. Asia Pacific
  - 7.4.1. Asia Pacific smart water management market revenue, by product, 2015 - 2024 (USD Million)
  - 7.4.2. Asia Pacific smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.4.3. China
    - 7.4.3.1. China smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.4.3.2. China smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.4.4. Japan
    - 7.4.4.1. Japan smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.4.4.2. Japan smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.4.5. India
    - 7.4.5.1. India smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.4.5.2. India smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.4.6. Southeast Asia
    - 7.4.6.1. Southeast Asia smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.4.6.2. Southeast Asia smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.4.7. Australia
    - 7.4.7.1. Australia smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.4.7.2. Australia smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.4.8. South Korea
    - 7.4.8.1. South Korea smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.4.8.2. South Korea smart water management market revenue, by solution, 2015 - 2024 (USD Million)
- 7.5. Latin America
  - 7.5.1. Latin America smart water management market revenue, by product, 2015 - 2024 (USD Million)
  - 7.5.2. Latin America smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.5.3. Brazil
    - 7.5.3.1. Brazil smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.5.3.2. Brazil smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.5.4. Argentina
    - 7.5.4.1. Argentina smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.5.4.2. Argentina smart water management market revenue, by solution, 2015 - 2024 (USD Million)
- 7.6. Middle East and Africa
  - 7.6.1. Middle East and Africa smart water management market revenue, by product, 2015 - 2024 (USD Million)
  - 7.6.2. Middle East and Africa smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.6.3. GCC Countries
    - 7.6.3.1. GCC Countries smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.6.3.2. GCC Countries smart water management market revenue, by solution, 2015 - 2024 (USD Million)
  - 7.6.4. South Africa
    - 7.6.4.1. South Africa smart water management market revenue, by product, 2015 - 2024 (USD Million)
    - 7.6.4.2. South Africa smart water management market revenue, by solution, 2015 - 2024 (USD Million)
Chapter 8. Company Profile
- 8.1. Aclara
  - 8.1.1. Overview
  - 8.1.2. Financials
  - 8.1.3. Product portfolio
  - 8.1.4. Business strategy
  - 8.1.5. Recent developments
- 8.2. Mueller
  - 8.2.1. Overview
  - 8.2.2. Financials
  - 8.2.3. Product portfolio
  - 8.2.4. Business strategy
  - 8.2.5. Recent developments
- 8.3. Neptune Technology Group
  - 8.3.1. Overview
  - 8.3.2. Financials
  - 8.3.3. Product portfolio
  - 8.3.4. Business strategy
  - 8.3.5. Recent developments
- 8.4. Arad Technologies/Master Meter
  - 8.4.1. Overview
  - 8.4.2. Financials
  - 8.4.3. Product portfolio
  - 8.4.4. Business strategy
  - 8.4.5. Recent developments
- 8.5. Sensus
  - 8.5.1. Overview
  - 8.5.2. Financials
  - 8.5.3. Product portfolio
  - 8.5.4. Business strategy
  - 8.5.5. Recent developments
- 8.6. Airborne Underwater Geophysical Signals
  - 8.6.1. Overview
  - 8.6.2. Financials
  - 8.6.3. Product portfolio
  - 8.6.4. Business strategy
  - 8.6.5. Recent developments
- 8.7. Schneider Electric
  - 8.7.1. Overview
  - 8.7.2. Financials
  - 8.7.3. Product portfolio
  - 8.7.4. Business strategy
  - 8.7.5. Recent developments
- 8.8. Global Water Resources
  - 8.8.1. Overview
  - 8.8.2. Financials
  - 8.8.3. Product portfolio
  - 8.8.4. Business strategy
  - 8.8.5. Recent developments
- 8.9. Cambrian Innovation
  - 8.9.1. Overview
  - 8.9.2. Financials
  - 8.9.3. Product portfolio
  - 8.9.4. Business strategy
  - 8.9.5. Recent developments
- 8.10. Arcadis
  - 8.10.1. Overview
  - 8.10.2. Financials
  - 8.10.3. Product portfolio
  - 8.10.4. Business strategy
  - 8.10.5. Recent developments
- 8.11. Oracle
  - 8.11.1. Overview
  - 8.11.2. Financials
  - 8.11.3. Product portfolio
  - 8.11.4. Business strategy
  - 8.11.5. Recent developments

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global smart water management market revenue, 2015 – 2024 (USD Million)
4. Porter’s five forces analysis
5. Smart Water Management market attractiveness analysis, by product segment
6. Smart Water Management market attractiveness analysis, by solution segment
7. Smart Water Management market: market attractiveness analysis, by regional segment
8. Company market share analysis, 2017
9. Global smart water management market revenue share by product, 2017 and 2024
10. Global smart water management market for advanced water meters market, 2015 – 2024 (USD Million)
11. Global smart water management market for meter read technology market, 2015 – 2024 (USD Million)
12. Global smart water management market for cellular network market, 2015 – 2024 (USD Million)
13. Global smart water management market revenue share by solution, 2017 and 2024
14. Global smart water management market for advanced pressure management market, 2015 – 2024 (USD Million)
15. Global smart water management market for SCADA systems market, 2015 – 2024 (USD Million)
16. Global smart water management market for data management system market, 2015 – 2024 (USD Million)
17. Global smart water management market for residential water efficiency market, 2015 – 2024 (USD Million)
18. Global smart water management market for advanced analytics market, 2015 – 2024 (USD Million)

Table Of Tables

List of Tables

1. Smart Water Management market: market snapshot
2. Drivers of global smart water management market: impact analysis
3. Restraints of global smart water management market: impact analysis
4. North America smart water management market revenue, by product, 2015 – 2024 (USD Million)
5. North America smart water management market revenue, by solution, 2015 – 2024 (USD Million)
6. U.S. smart water management market revenue, by product, 2015 – 2024 (USD Million)
7. U.S. smart water management market revenue, by solution, 2015 – 2024 (USD Million)
8. Canada smart water management market revenue, by product, 2015 – 2024 (USD Million)
9. Canada smart water management market revenue, by solution, 2015 – 2024 (USD Million)
10. Mexico smart water management market revenue, by product, 2015 – 2024 (USD Million)
11. Mexico smart water management market revenue, by solution, 2015 – 2024 (USD Million)
12. Europe smart water management market revenue, by product, 2015 – 2024 (USD Million)
13. Europe smart water management market revenue, by solution, 2015 – 2024 (USD Million)
14. UK smart water management market revenue, by product, 2015 – 2024 (USD Million)
15. UK smart water management market revenue, by solution, 2015 – 2024 (USD Million)
16. Germany smart water management market revenue, by product, 2015 – 2024 (USD Million)
17. Germany smart water management market revenue, by solution, 2015 – 2024 (USD Million)
18. France smart water management market revenue, by product, 2015 – 2024 (USD Million)
19. France smart water management market revenue, by solution, 2015 – 2024 (USD Million)
20. Spain smart water management market revenue, by product, 2015 – 2024 (USD Million)
21. Spain smart water management market revenue, by solution, 2015 – 2024 (USD Million)
22. Russia smart water management market revenue, by product, 2015 – 2024 (USD Million)
23. Russia smart water management market revenue, by solution, 2015 – 2024 (USD Million)
24. Asia pacific smart water management market revenue, by product, 2015 – 2024 (USD Million)
25. Asia pacific smart water management market revenue, by solution, 2015 – 2024 (USD Million)
26. China smart water management market revenue, by product, 2015 – 2024 (USD Million)
27. China smart water management market revenue, by solution, 2015 – 2024 (USD Million)
28. Japan smart water management market revenue, by product, 2015 – 2024 (USD Million)
29. Japan smart water management market revenue, by solution, 2015 – 2024 (USD Million)
30. India smart water management market revenue, by product, 2015 – 2024 (USD Million)
31. India smart water management market revenue, by solution, 2015 – 2024 (USD Million)
32. Southeast Asia smart water management market revenue, by product, 2015 – 2024 (USD Million)
33. Southeast Asia smart water management market revenue, by solution, 2015 – 2024 (USD Million)
34. Australia smart water management market revenue, by product, 2015 – 2024 (USD Million)
35. Australia smart water management market revenue, by solution, 2015 – 2024 (USD Million)
36. Latin America smart water management market revenue, by product, 2015 – 2024 (USD Million)
37. Latin America smart water management market revenue, by solution, 2015 – 2024 (USD Million)
38. Brazil smart water management market revenue, by product, 2015 – 2024 (USD Million)
39. Brazil smart water management market revenue, by solution, 2015 – 2024 (USD Million)
40. Argentina smart water management market revenue, by product, 2015 – 2024 (USD Million)
41. Argentina smart water management market revenue, by solution, 2015 – 2024 (USD Million)
42. Middle East and Africa smart water management market revenue, by product, 2015 – 2024 (USD Million)
43. Middle East and Africa smart water management market revenue, by solution, 2015 – 2024 (USD Million)
44. GCC Countries smart water management market revenue, by product, 2015 – 2024 (USD Million)
45. GCC Countries smart water management market revenue, by solution, 2015 – 2024 (USD Million)
46. South Africa smart water management market revenue, by product, 2015 – 2024 (USD Million)
47. South Africa smart water management market revenue, by solution, 2015 – 2024 (USD Million)

Methodology

Free Analysis

Smart Water Management (SWM) makes use of Information and Communication Technology (ICT), real-time data and response to meet the challenges of water management. SWM is becoming a topic of interest as governments from across the globe incorporate are trying to implement smart principles into urban, national and regional SMW strategies. The application of smart systems in the water management includes solutions for the water quality, leaks, efficient irrigation, pressure, water quantity, flow, floods, and drought, among others. Implementation of SWM infrastructure which includes GIS and satellite mapping, sensors, monitors, smart meters and other data sharing tools for the management of water, real-time solutions may be implemented and broad networks work together in order to solve the current challenges of water management.

Water is a vital element; water-related issues at the global level include issues such as uneven distribution and shortage in supply. Usage of water in harmony with nature and the water cycle and reduced greenhouse gas emissions associated with the water treatment are major concerns. Smart Water Grids (SWG) technology is the promising solution to resolve critical water-related problems. It is used for maintaining the water quantity, safety of water quality, and ICT-based water management solutions. Smart water grids used in water management platforms integrate with ICT into a single water management solution. Such factors are expected to drive smart water management market growth over the forecast period.

Based on product, the smart water management market is segmented into meter read technology, advanced water meters, and cellular network. Advanced water meters is further divided into Automated Metering Reading (AMR) and Advanced Metering Infrastructure (AMI). On the basis of solution, the market is segmented into residential water efficiency, data management system, advanced pressure management, SCADA systems, and advanced analytics.

Global Smart Water Management System Market

North America smart water management market accounted for major revenue share in 2017 and it is expected to retain its position over the forecast period. Increasing need for sustainable energy solution coupled with stringent government regulations is anticipated to propel demand for smart water management in the region. Clean Water Act (CWA), Safe Drinking Water Act (SDWA), and wastewater discharge regulations are influencing several companies to examine the manufacturing process. Moreover, municipal and other facilities in the U.S. require permission for addressing water pollution under the National Pollutant Discharge Elimination System (NPDES) program. Europe contributed significant revenue share in smart water management market owing to the technological advancement and healthy economy. Asia Pacific is the fastest growing market in the smart water management due to smart city development projects in the region.

Some of the industry players operating in smart water management market include Aclara, Mueller, Neptune Technology Group, Arad Technologies/Master Meter, Sensus, Airborne Underwater Geophysical Signals, Schneider Electric, Global Water Resources, Cambrian Innovation, Arcadis, and Oracle. Industry players are mostly focusing on developing innovative products and services to gain revenue share.

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FrequentlyAsked Questions

Which key factors will influence smart water management system market growth over 2022-2028?

Increasing demand for water and rising technological proliferation are some major trends that guide smart water management system market growth.

What will be the value of the smart water management system market during 2022-2028?

According to the Zion Market Research report, the global smart water management system market was worth about US$ 13572.9 million in 2021 and is predicted to grow to around US$ 23654.4 million by 2028, with a compound annual growth rate (CAGR) of around 9.7 percent.

Which region will contribute notably towards the smart water management system market value?

Asia Pacific region is projected to lead the global smart water management system market and is expected to be majorly driven by the rising adoption of smart grids in this region and increasing urbanization.

Which are the major players leveraging the smart water management system market growth?

Some of the main competitors dominating the global smart water management system market include -- Siemens (Germany), IBM (US), ABB (Switzerland), Honeywell Elster (US), Schneider Electric (France), Itron (US), SUEZ (France), Oracle (US), Landis+Gyr (Switzerland), Trimble Water (US), HydroPoint (US), i2O Water (UK), Xenius (India), Neptune Technology (US), Takadu (Israel), Badger Meter (US), AquamatiX (UK), Fluid (US), Lishtot (Israel), Elentec (UK), Syrinix (UK), CityTaps (France), FREDsense (Canada), Fracta (US), and Xylem (US)