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. 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 Global Smart Water Management Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Smart Water Management Market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Smart Water Management Market industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2020. The report assesses the historical data and current scenario to offer accurate estimations of the Smart Water Management Market in the coming years.
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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