Smart Water Management Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast To 2027

Smart Water Management Market was valued at US$ 13.76 Bn. in 2021 and is expected to reach US$ 24.6 Bn. by 2027, at a CAGR of 9.8% during a forecast period.

Smart Water Management Market Overview:

Smart water management is water management that uses modern technologies to revolutionize traditional water delivery. Various manufacturing and chemical businesses are implementing smart water management in order to reduce water waste and maximize resource efficiency. Due to increasing water shortages and the need for water conservation around the world, smart water management is the next big thing. Various organizations and governments around the world are under tremendous pressure to meet the rising water demand. Water regulatory bodies around the world must recognize the need of the hour and proactively implement smart water technologies to more effectively manage their distribution channels, update their operations, reduce maintenance costs, raise customer awareness about water conservation, and reduce non-revenue water losses caused by theft and leakage. Smart Water Management Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2017 to forecast the market through 2027. 2021 is considered a base year. Special attention is given to 2021 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

COVID-19 Impact on Smart Water Management Market:

The COVID-19 pandemic has had a negative impact on several economies all around the world. Following the COVID-19 outbreak, the market for smart water management is expected to recover slowly. Companies have been denied physical access to operate with existing resources due to COVID-19 combat tactics, which include lockdowns and quarantine. As a result, the commercial sector, which comprises private enterprises and industries, reduced their water consumption and postponed investments in smart water management initiatives. Governments around the world prioritized residential water demands over industrial needs, which boosted the non-commercial segment's share to some extent. Furthermore, as a result of water utilities avoiding shut-offs for non-payment, decreases in non-commercial water needs, and lower customer growth, industrialized countries like the United States had a nearly 16.9% drop in income earned by the water business during the COVID-19 epidemic. Furthermore, due to the crisis, this influence is projected to postpone and cut capital expenditures on new projects in order to help manage cash flow. As a result of many global insights, this industry is expected to see a modest recovery during the foreseeable time.

Smart Water Management Market Dynamics:

Growing technological improvements in water and wastewater treatment, such as enhanced metering technology and Supervisory Control and Data Acquisition (SCADA), are likely to fuel the worldwide smart water management market's growth over the forecast period. Other factors expected to fuel the growth of the target market throughout the forecast period include increased adoption rates of information and communication technologies (ICT) and real-time data generation by water and wastewater management businesses in order to improve operational efficiency and management. Furthermore, the target market's growth is expected to be boosted by increasing water shortages and rising demand for water conservation around the world over the forecast period. Furthermore, numerous businesses and governments around the world are adopting measures to satisfy rising water demand, which is likely to drive the global smart water management market forward over the forecast period. However, over the forecast period, the global smart water management market is likely to be constrained by high initial investment costs and low rates of return. In addition, the target market's expansion is projected to be hampered in the near future by a shortage of knowledge.

Smart Water Management Market segment analysis:

Based on solution, in 2021, the revenue share of SCADA systems for water and wastewater utility industry is expected to be the highest in smart water management. SCADA programmers are specifically developed to give remote alerting, real-time historical databases, alarm management, optimization, and notification using an open integration platform and a robust Human Machine Interface (HMI). SCADA systems with such characteristics are projected to fuel segment growth in the near future. Based on service, Professional service segment held largest market share of xx% in 2021.The maintenance service covers analysis of market, supply, cost, and pricing information, Data on cost and TCO models, supplier specifics, and performance benchmarks is difficult to come by. Cost, supply, and other market dynamics are influenced by macroeconomic and regional developments. Negotiation and sourcing help for certain categories. Smart Water Management Market

Smart Water Management Market Regional Insight:

The North America region held the largest market share of xx% in 2021. As a result of increased demand for sustainable energy solutions and severe government requirements in a number of nations in the region Due to a strong economy and technological improvements in several European countries, the market in Europe is expected to grow significantly in terms of revenue over the forecast period. Furthermore, the market in Asia Pacific is predicted to grow at the fastest rate during the forecast period, owing to increased government initiatives to improve public awareness and the growth of smart city projects. Furthermore, due to an increase in the number of asset management infrastructure projects among business units, departments, and facilities in these areas, the market in Latin America and the Middle East & Africa is predicted to rise at a modest rate throughout the forecast period.

Recent Development:

• March 2020 - AECOM and IBM have collaborated on a "Smarter Water" system to improve water management. The Smarter Water solution aggregates disparate data into one "system of systems," giving users comprehensive and consistent real-time insights across an operation, thanks to IBM Intelligent Water software and AECOM's water-management expertise. The solution, which includes powerful data analytics, visualisation, and optimization tools, aids water and wastewater management organisations in detecting abnormalities like leaks and uncovering insights to enable proactive asset and system management. • Aquify, an Exelon company based in Chicago, and TaKaDu announced a strategic alliance to provide sophisticated water technologies, as well as digital solutions and services, to the US water utility market in January 2021. TaKaDu's CEM platform and Aquify's water distribution network monitoring services were combined to create an end-to-end shared-service offering that included sensors, software, a cyber-secure communications network, field operations, and a professionally staffed 24/7 operations and engineering centre. The objective of the report is to present a comprehensive analysis of the global Smart Water Management market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Smart Water Management market dynamics, structure by analyzing the market segments and projects the global Smart Water Management market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Smart Water Management market make the report investor’s guide.

Smart Water Management Market Scope: Inquire before buying

Global Smart Water Management Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 13.76 Bn.
Forecast Period 2022 to 2027 CAGR: 9.8% Market Size in 2027: US $ 24.6 Bn.
Segments Covered: by Advanced Water Meters • By Meter Solution • By Meter Read Service
by Solution • 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 • Smart irrigation management systems
by Service • Professional services o Maintenance and support o Deployment and integration o Consulting services • Managed services
by Country • United States • Canada • Mexico

Smart Water Management Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Smart Water Management Market Key Players

• ABB Group • General Electric Company • IBM Corporation • Itron, Inc. • Schneider Electric SE • Arad Group • Elster Group SE • Sensus • Siemens AG • TaKaDu Ltd. • Aclara Technologies LLC. • Neptune Technology Group • Global Water Resources • Cambrian Innovation Inc. • A.U.G. Signals Ltd. Frequently Asked Questions: 1. Which region has the largest share in Global Smart Water Management Market? Ans: Asia Pacific region holds the highest share in 2021. 2. What is the growth rate of Global Smart Water Management Market? Ans: The Global Smart Water Management Market is growing at a CAGR of 9.8% during forecasting period 2022-2027. 3. What is scope of the Global Smart Water Management market report? Ans: Global Smart Water Management Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Smart Water Management market? Ans: The important key players in the Global Smart Water Management Market are – ABB Group, General Electric Company, IBM Corporation, Itron, Inc., Schneider Electric SE, Arad Group, Elster Group SE, Sensus, Siemens AG, TaKaDu Ltd., Aclara Technologies LLC., Neptune Technology Group, Global Water Resources, Cambrian Innovation Inc., A.U.G. Signals Ltd.,, 5. What is the study period of this market? Ans: The Global Smart Water Management Market is studied from 2021 to 2027.
1. Global Smart Water Management Market: Research Methodology 2. Global Smart Water Management Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Smart Water Management Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Smart Water Management Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Smart Water Management Market Segmentation 4.1. Global Smart Water Management Market, by Advanced Water Meters (2021-2027) • By Meter Solution • By Meter Read Service 4.2. Global Smart Water Management Market, by Solution (2021-2027) • 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 • Smart irrigation management systems 4.3. Global Smart Water Management Market, by Service (2021-2027) • Professional services o Maintenance and support o Deployment and integration o Consulting services • Managed services 5. North America Smart Water Management Market(2021-2027) 5.1. North America Smart Water Management Market, by Advanced Water Meters (2021-2027) • By Meter Solution • By Meter Read Service 5.2. North America Smart Water Management Market, by Solution (2021-2027) • 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 • Smart irrigation management systems 5.3. North America Smart Water Management Market, by Service (2021-2027) • Professional services o Maintenance and support o Deployment and integration o Consulting services • Managed services 5.4. North America Smart Water Management Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Smart Water Management Market (2021-2027) 6.1. European Smart Water Management Market, by Advanced Water Meters (2021-2027) 6.2. European Smart Water Management Market, by Deployment Solution (2021-2027) 6.3. European Smart Water Management Market, by Service (2021-2027) 6.4. European Smart Water Management Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Smart Water Management Market (2021-2027) 7.1. Asia Pacific Smart Water Management Market, by Advanced Water Meters (2021-2027) 7.2. Asia Pacific Smart Water Management Market, by Deployment Solution (2021-2027) 7.3. Asia Pacific Smart Water Management Market, by Service (2021-2027) 7.4. Asia Pacific Smart Water Management Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Smart Water Management Market (2021-2027) 8.1. Middle East and Africa Smart Water Management Market, by Advanced Water Meters (2021-2027) 8.2. Middle East and Africa Smart Water Management Market, by Deployment Solution (2021-2027) 8.3. Middle East and Africa Smart Water Management Market, by Service (2021-2027) 8.4. Middle East and Africa Smart Water Management Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Smart Water Management Market (2021-2027) 9.1. Latin America Smart Water Management Market, by Advanced Water Meters (2021-2027) 9.2. Latin America Smart Water Management Market, by Deployment Solution (2021-2027) 9.3. Latin America Smart Water Management Market, by Service (2021-2027) 9.4. Latin America Smart Water Management Market, by Country (2021-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. ABB Group 10.1.1. Financial Overview 10.1.2. Global Presence 10.1.3. Capacity Portfolio 10.1.4. Business Strategy 10.1.5. Recent Developments 10.2. General Electric Company 10.3. International Business Machines (IBM) Corporation 10.4. Itron, Inc. 10.5. Schneider Electric SE 10.6. Arad Group 10.7. Elster Group SE 10.8. Sensus 10.9. Siemens AG 10.10. TaKaDu Ltd. 10.11. Aclara Technologies LLC. 10.12. Neptune Technology Group 10.13. Global Water Resources 10.14. Cambrian Innovation Inc. 10.15. A.U.G. Signals Ltd.

About This Report

Report ID 28269
Category Information Technology & Telecommunication
Published Date March 2019
Updated Date April 2022
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