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Global Smart Water Management Market Size, Trends & Growth Opportunity, By Services (Value Management, Pipeline Condition Assessment, Hydrant Management, and Information Management), By Solution (Network Monitoring, Enterprise Assess Management for Water & Wastewater Utilities, Advanced Pressure Management, Supervisory Control and Data Acquisition, Advance Analytics, Meter Data Management, Residential Water Efficiency, and Smart Irrigation Management Systems), By Region and Forecast till 2027


Report ID : IR100401 | Industries : Food and Beverage | Published On :May 2024 | Page Count : 244

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  • Global Smart Water Management Market Size, Trends & Growth Opportunity, By Services (Value Management, Pipeline Condition Assessment, Hydrant Management, and Information Management), By Solution (Network Monitoring, Enterprise Assess Management for Water & Wastewater Utilities, Advanced Pressure Management, Supervisory Control and Data Acquisition, Advance Analytics, Meter Data Management, Residential Water Efficiency, and Smart Irrigation Management Systems), By Region and Forecast till 2027
    Global Smart Water Management Market
    The global Smart Water Management market was valued at USD 12.3 billion in 2021 and it is expected to reach at USD 24.5 billion in 2027 at a CAGR of 12.5 % during forecast period 2022-2027.
    Smart water system management is the important thing due to the increasing water scarcity and need for water conservation across the globe. Many governments and organizations across the globe are under immense pressure to meet the increase in demand of water. Global water regulatory bodies must understand the need of hour and proactively implement smart water technologies to manage water distribution channels, reduce maintenance cost, update their operations, and spread awareness regarding water conservation. 
    Market Drivers
    Rise in scarcity, climate volatility, quality issues, and increase in energy risks along with aging infrastructure is the key driving factor which is expected to boost the global smart water management market growth. Furthermore, increase in adoption of smart water management by manufacturing and chemical industries to reduce water wastage and for efficient use of their resources will positively contribute the market growth. The smart water management helps enterprises for identification network problem and   enhances customer engagement in water conservation and prominently used to minimize non-revenue water losses due to damage infrastructure which is expected to propel the global smart water management market growth.
    Market Restraints
    However, lack of digitally skilled workforce is the major restraining factor which is expected to hinder the global smart water management market growth. Also, reduced shelf life of m=smart meters will affect the market growth during this analysis period.
    COVID-19 Impact 
    With the outbreak of covid-19 the market impacted adversely due to lockdown and quarantine which stopped physical access of the companies to operate with the existing resources. private companies and industries limit  their water usage and postponed their investments for the development of smart water management projects. The governments across the world prioritized the water needs of households over the industries, which fuels the  growth of market to some extent.
    Recent Development 
    Digitization by adopting smart water management software and hardware.In July 2021, RealPage Inc is launched which drastically lower the cost of water management .TaKaDu partnered with Asystom which provide water utility customers with an integrated and enhanced asset of  management solution.In 2022 - ABB introduced the ABB Ability Smart Solution for Wastewater  solving wastewater treatment plant operators' challenges in achieving both the lowest energy consumption .The innovative solution comprises two main pillars, advanced process control (APC) and digital twin and simulation technology,to forecast future operational needs.
    Market Segmentation
    Global Smart Water Management Market is segmented into services such as Value Management, Pipeline Condition Assessment, Hydrant Management, and Information Management, by solutions such as Network Monitoring, Enterprise Assess Management for Water & Wastewater Utilities, Advanced Pressure Management, Supervisory Control and Data Acquisition, Advance Analytics, Meter Data Management, Residential Water Efficiency, and Smart Irrigation Management Systems. Further, market is segmented into devices such as Advanced Water Meters, Mater Read Technology, and Cellular Network.
    Also, Global Smart Water Management Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. 
    Market Key Players
    Various key players are discussed in this report such as ABB Ltd, IBM, HONEYWELL ELSTER, SIEMENS, ITRON, SCHNEIDER ELECTRIC, SUEZ, ORACLE, and SENSUS
    Market Taxonomy
    By Services
    • Value Management
    • Pipeline Condition Assessment
    • Hydrant Management
    • Information Management
    By Solution
    • Network Monitoring
    • Enterprise Assess Management for Water & Wastewater Utilities
    • Advanced Pressure Management
    • Supervisory Control and Data Acquisition
    • Advance Analytics
    • Meter Data Management
    • Residential Water Efficiency 
    • Smart Irrigation Management Systems
    By Device
    • Advanced Water Meters
    • Mater Read Technology
    • Cellular Network
    By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    Key Questions Addressed by the Report
    • What are the Key Opportunities in Global Smart Water Management Market?
    • What will be the growth rate from 2022 to 2027?
    • Which segment/region will have highest growth?
    • What are the factors that will impact/drive the Market?
    • What is the competitive Landscape in the Industry?
    • What is the role of key players in the value chain?
    • What are the strategies adopted by key players?


     

    Global Smart Water Management Market 
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Smart Water Management Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Smart Water Management Market, By Services
    5.1 Y-o-Y Growth Comparison, By Services 
    5.2 Global Smart Water Management Market Share Analysis, By Services 
    5.3 Global Smart Water Management Market Size and Forecast, By Services
    5.3.1 Value Management
    5.3.2. Pipeline Condition Assessment
    5.3.3. Hydrant Management
    5.3.4. Information Management
    6 Global Smart Water Management Market, By Solution
    6.1 Y-o-Y Growth Comparison, By Solution
    6.2 Global Smart Water Management Market Share Analysis, By Solution
    6.3 Global Smart Water Management Market Size and Forecast, By Solution
    6.3.1 Network Monitoring
    6.3.2 Enterprise Assess Management for Water & wastewater Utilities
    6.3.3. Advanced Pressure Management
    6.3.4. Supervisory Control and Data Acquisition
    6.3.5. Advance Analytics
    6.3.6. Meter Data Management
    6.3.7. Residential Water Efficiency
    6.3.8. Smart irrigation Management Systems
    7 Global Smart Water Management Market, By Device
    7.1 Y-o-Y Growth Comparison, By Device
    7.2 Global Smart Water Management Market Share Analysis, By Device
    7.3 Global Smart Water Management Market Size and Forecast, By Device
    7.3. 1 Advanced Water Meters
    7.3.2 Mater Read Technology
    7.3.3. Cellular Network
    8Global Smart Water Management Market, By Region
    8.1 Global Smart Water Management Market Share Analysis, By Region
    8.2 Global Smart Water Management Market Share Analysis, By Region
    8.3 Global Smart Water Management Market Size and Forecast, By Region
    9 North America Smart Water Management Market Analysis and Forecast (2022-2027)
    9.1 Introduction
    9.2 North America Smart Water Management Market Share Analysis, By Services
    9.3 North America Smart Water Management Market Size and Forecast, By Solution
    9.4 North America Smart Water Management Market Size and Forecast, By Device
    9.5 North America Smart Water Management Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10EuropeSmart Water Management Market Analysis and Forecast (2022-2027)
    10.1 Introduction
    10.2 Europe Smart Water Management Market Share Analysis, By Services 
    10.3 Europe Smart Water Management Market Size and Forecast, By Solution 
    10.4 Europe Smart Water Management Market Size and Forecast, By Device
    10.5 Europe Smart Water Management Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.54. Rest of Europe
    11Asia Pacific Smart Water Management Market Analysis and Forecast (2022-2027)
    11.1 Introduction
    11.2 Asia Pacific Smart Water Management Market Share Analysis, By Services 
    11.3 Asia Pacific Smart Water Management Market Size and Forecast, By Solution 
    11.4 Asia Pacific Smart Water Management Market Size and Forecast, By Device
    11.5 Asia Pacific Smart Water Management Market Size and Forecast, By Country
    11.5.1 China 
    11.5.2 Japan
    11.5.3 India
    11.5.4. Rest of Asia Pacific
    12Latin America Smart Water Management Market Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 Latin America Smart Water Management Market Share Analysis, By Services 
    12.3 Latin America Smart Water Management Market Size and Forecast, By Solution 
    12.4 Latin America Smart Water Management Market Size and Forecast, By Device
    12.5 Latin America Smart Water Management Market Size and Forecast, Country
    13Middle East Smart Water Management Market Analysis and Forecast (2022-2027)
    13.1 Introduction
     13.2 Middle East Smart Water Management Market Share Analysis, By Services 
    13.3 Middle East Smart Water Management Market Size and Forecast, By Solution 
    13.4 Middle East Smart Water Management Market Size and Forecast, By Device
    13.5 Middle East Smart Water Management Market Size and Forecast, By Country
    14Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15Company Profiles
    15.1 ABB Ltd,
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2. IBM
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3. HONEYWELL ELSTER
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 SIEMENS
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 ITRON
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 SCHNEIDER ELECTRIC
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 SUEZ
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies 
    15.8 ORACLE
    15.8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies
    15.9 SENSUS
    15.9.1 Overview
    15.9.2 Offerings
    15.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies