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
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