Smart Water Management Market Development Strategy, Industry Growth, Trends, Drivers, Challenges and Key Companies Analysis by 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. Decrease the availability of affordable, safe, and clean water and more efficient sewerage treatment and processing services is driving rising utilization of smart water management solutions in various developing countries. Increasing deployment of Internet of Things (IoT) technologies to monitor environment, water resources, and infrastructure is boosting growth of the smart water management market  and demand for associated solutions. 

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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Some Key Highlights From the Report

In January 2021, 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.

Major players in the Smart Water Management market include ABB, IBM, Honeywell Elster, Siemens, Itron, Schneider Electric, SUEZ, Oracle, Landis+Gyr, and SENSUS.

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Segmental Analysis:

The report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.

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

Regional Analysis:

The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.

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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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Regional Demand Forecasts and Forecasts

Product price volatility

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