Smart Water Management Market Compound Annual Growth Rate USD 18.90 Billion in 2028

Rising demand for safe water, increasing global population, and ageing water management infrastructure are key factors driving global smart water management market growth

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. Steady market revenue growth can be attributed to increasing initiatives to deploy sustainable water management solutions due to rising demand for fresh and safe water for consumption and other household and commercial purposes.

Increasing adoption of smart metering to develop more efficient water management systems is expected to drive demand for smart water management solutions. Water companies are installing Advanced Metering Infrastructure (AMI) to improve hydraulic and energy efficiency. Rising need for leakage control and for monitoring illegal connections in terms of water volumes boost utilization of smart water metering.

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Competitive Landscape:

The research offers a bird’s eye view of the current market scenario regarding the operations of the leading companies in the Smart Water Management market. The report presents an extensive analysis of the leading players with regards to their business portfolio, product portfolio, market share and size, global reach and position, revenue share, gross profit margins, and production and manufacturing capacity. Major players in the market include ABB, IBM, Honeywell Elster, Siemens, Itron, Schneider Electric, SUEZ, Oracle, Landis+Gyr, and SENSUS.

Some Key Highlights From the Report

  • Willingboro Municipal Utilities Authority entered into a partnership with Schneider Electric and signed off on an Energy Savings Improvement Program. The new project is expected to establish 13,000 AMI water meters to replace an old and ineffective manual meter reading system.
  • Solution segment accounted for largest revenue share in 2020. Rising adoption of real-time predictive maintenance and conditioning monitoring of assets is expected to drive growth of the solutions segment.
  • Residential segment revenue is expected to expand at a rapid CAGR during the forecast period. The launch of advanced sensor-based IoT devices and software platforms, which help to reduce water consumption and manage water leaks in residential buildings by tracking real-time flow are expected to boost utilization of smart water management solutions.
  • North America accounted for largest revenue share contribution to the global smart water management market in 2020. Rising awareness regarding the scarcity of freshwater resources is a key contributing factor driving increasing implementation of smart water management solutions across residential, commercial, and industrial sectors in countries in the region.

The global Smart Water Management report has been formulated with verified data of the industry and is curated to offer a comprehensive understanding of the leading manufacturers and suppliers with special focus on their pricing analysis, gross revenue, product portfolio, sales network and distribution channels, profit margins, market position, and financial standing.

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The pandemic has significantly affected the lives and markets worldwide and has caused disruptions in the business sphere. The report encompasses the effects of the coronavirus pandemic on the Smart Water Management market along with impacts on the key segments of the industry.

Key Regions Studied in the Report:

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)

The report offers a critical overview of the market segment with regards to the Smart Water Management market size, market share, market volume, price analysis, global reach, and financial standing. The statistical analysis performed for this report indicates the Smart Water Management market is expected to grow at a steady pace throughout the forecast timeline. The report also provides insightful information about the ever-changing market dynamics.

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
      1. Professional Services
      2. Managed Services
    • Solution
      1. Distribution Network Monitoring
      2. Meter Data Management
      3. Asset Management
      4. Supervisory Control and Data Acquisition (SCADA)
      5. Analytics
      6. Smart Irrigation Management
      7. Others
    • Water Meters
      1. AMI Meters
      2. AMR Meters
  • End-use Outlook (Revenue, USD Billion; 2018–2028)
    • Residential
    • Commercial & Industrial

The report presents an extensive analysis of the leading players with regards to their business portfolio, product portfolio, market share and size, global reach and position, revenue share, gross profit margins, and production and manufacturing capacity.

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Table of content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Smart Water Management Market Segmentation & Impact Analysis
    4.1. Smart Water Management Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Rising demand for water arising from global population
                    4.2.2.2. Ageing water infrastructure
                    4.2.2.3. Increasing need to operate water infrastructure efficiently
                    4.2.2.4. Rising need for sustainable management of urban water systems 
          4.2.3. Market restraints analysis 
                    4.2.3.1. Lack of skilled workforce
                    4.2.3.2. Lack of awareness about smart water management systems
                    4.2.3.3. High capital investment required for infrastructure installation 
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Smart Water Management Market By Offering Insights & Trends, Revenue (USD Billion)
    5.1. Offering Dynamics & Market Share, 2021 & 2028
          5.1.1. Service
                    5.1.1.1. Professional Services
                    5.1.1.2. Managed Services
          5.1.2. Solution 
                    5.1.2.1. Distribution Network Monitoring
                    5.1.2.2. Meter Data Management
                    5.1.2.3. Asset Management
                    5.1.2.4. Supervisory Control and Data Acquisition (SCADA)
                    5.1.2.5. Analytics
                    5.1.2.6. Smart Irrigation Management
                    5.1.2.7. Others
          5.1.3. Water Meters
                    5.1.3.1. AMI Meters
                    5.1.3.2. AMR Meters

Chapter 6. Smart Water Management Market By End-use Insights & Trends Revenue (USD Billion)
    6.1. End-use Dynamics & Market Share, 2021 & 2028
          6.1.1. Residential
          6.1.2. Commercial & Industrial  

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