Smart Water Management Market by Type (Services, Solution), Water Meter (AMI Meters, AMR Meters), End User - Global Forecast 2024-2030
Description
Smart Water Management Market by Type (Services, Solution), Water Meter (AMI Meters, AMR Meters), End User - Global Forecast 2024-2030
The Smart Water Management Market size was estimated at USD 16.80 billion in 2023 and expected to reach USD 18.62 billion in 2024, at a CAGR 11.94% to reach USD 37.02 billion by 2030.
Smart water management reduces water wastage and uses energy efficiently. Smart water management solutions use information and communication technology (ICT) and real-time data and responses, which is an integral part of the solution for water management challenges. The surging need for replacing aging water infrastructure and government regulatory measures supporting water conservation are elevating the deployment of smart water management systems. However, complexities in technology operation and exponential costs of their maintenance impede the use of smart water management solutions. The rise in the number of smart cities, the increase in the use of digital transformation technology, and the increasing partnership activities of market players with end-users to implement smart water management expand the product provision. In addition, companies focus on deploying cost-efficient cloud-based systems for detecting water losses using IoT and AI, supported by a customized web platform.
Regional Insights
North America increasingly utilizes smart water management due to the increased demand for sustainable energy solutions and stringent government regulations in various economies. Brazil, Mexico, Argentina, and Cuba have put out water conservation initiatives which has encouraged the end-users in the region to adopt smart solutions to monitor water usage. Asia-Pacific is expected to witness significant growth due to the rise in the use of smart grid solutions in countries such as India and Indonesia, a surge in urbanization, agricultural production, technological adoption in the utility sector, and the deployment of smart solutions for better water management. The increasing need to replace the age-old water infrastructure is expected to enable water managers in this region to deploy smart solutions by replacing the existing systems for better water management in China, India, Germany, the UK, Italy, Indonesia, and Vietnam. Europe is witnessing demand for IoT platforms due to the growing number of connected devices and the adoption of IoT technologies for water management. Concerns associated with water scarcity and rising cases of drought in the Middle East & Africa portray the region as a potential user of smart water management services & solutions.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Smart Water Management Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Rising needs to replace the aging water infrastructure
- Growing government focus on water sustainability concerning water conservation
- Increasing adoption of smart water management in manufacturing, agriculture, and power production facilities
- Market Restraints
- Concerns in technology deployments and maintenance cost
- Market Opportunities
- Increasing role of smart water management in the smart city revolution
- New technological advancements in smart water management solutions
- Market Challenges
- Rising threats of security and data privacy vulnerabilities
- Market Segmentation Analysis
- Type: Rise in demand for smart water management services due to the need for continuous optimization, regular system updates, and management of complex smart water systems
- End-User: Increasing need for smart water management in the residential sector owing to consumer awareness toward water conservation
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Smart Water Management Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Smart Water Management Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Wind Point Partners Acquires Hasa
Wind Point Partners is helping to shape the future of smart water management with its recent acquisition of HASA, Inc. The company is dedicated to empowering those responsible for commercial and municipal applications with intelligent water solutions. Their products promote improved energy efficiency, enhanced safety features, cost savings, and productivity gains. By combining their knowledge and resources with HASA’s deep technical expertise in the water reservoir maintenance system, they are certain to revolutionize the industry and deliver a superior user experience.
Badger Meter Enhances Smart Water Capabilities With Acquisition of Syrinix
Smart water management has become increasingly important for several organizations in providing optimal performance, cost savings, and sustainable outcomes. Badger Meter is leading the way with their recent acquisition of Syrinix. This action advances Badger Meter's capabilities in improving digital infrastructure solutions to assist customers across the globe. The combination of both organizations’ knowledge provides a wealth of resources that can be used to reduce operational costs while also leading to greater efficiency. Through this acquisition, Badger Meter is pushing the boundaries of smart water technology and laying the groundwork for others in the industry to follow suit.
Spain has plans to invest more than USD 31 billion in improving water management
Spain is taking a comprehensive approach to the challenge of water management. As the Spanish Economy Minister recently announced, Spain has planned an investment of over USD 31 billion in its water infrastructure network. The initiative involves long-term and short-term measures such as support for irrigation systems, easy access to clean drinking water, reduced energy consumption, improved wastewater treatment, and more efficient use of rainwater. Additionally, funding will be used to address environmental issues, including flood prevention and land use regulation. With these funds, Spain is committed to better-protecting population health by strengthening their water supply, which means cleaner and more efficient ways to use this vital resource.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Smart Water Management Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Smart Water Management Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Aqua Analytics, AquamatiX Limited, Aquatech International LLC, Arad Group, Atos SE, Badger Meter, Inc., Buckman Laboratories International, Inc., Ecolab Inc., Efftronics Systems Pvt. Ltd., Endress+Hauser Group Services AG, General Electric Company, GHD Group Pty Ltd., Hitachi, Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., HydroPoint, i2O Water Ltd., Itron, Inc., Kamstrup A/S, Kemira Oyj, Landis+Gyr AG, NEOM Company, Neptune Technology Group Inc., Pentair PLC, Robustel, Schneider Electric SE, Siemens AG, Solenis LLC, Subeca Inc., SUEZ SA, Trimble Inc., UtiliOS, Veolia Environnement SA, WaterGroup Companies, Inc., WSP Global Inc., Xenius, Xylem Inc., and Yokogawa Electric Corporation.
Market Segmentation & Coverage
This research report categorizes the Smart Water Management Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Services
- Managed Services
- Professional Services
- Consulting Services
- Support & Maintenance Services
- System Integration & Deployment Services
- Solution
- Advanced Pressure Management
- Analytics & Data Management
- Customer Information System & Billing
- Enterprise Asset Management
- Asset Condition Monitoring
- Predictive Maintenance
- Leak Detection
- Meter Data Management
- Mobile Workforce Management
- Network Management
- Smart Irrigation Management
- Supervisory Control & Data Acquisition
- Water Meter
- AMI Meters
- AMR Meters
- End User
- Commercial
- Industrial
- Residential
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Services
- Market Drivers
Table of Contents
181 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising needs to replace the aging water infrastructure
- 5.1.1.2. Growing government focus on water sustainability concerning water conservation
- 5.1.1.3. Increasing adoption of smart water management in manufacturing, agriculture, and power production facilities
- 5.1.2. Restraints
- 5.1.2.1. Concerns in technology deployments and maintenance cost
- 5.1.3. Opportunities
- 5.1.3.1. Increasing role of smart water management in the smart city revolution
- 5.1.3.2. New technological advancements in smart water management solutions
- 5.1.4. Challenges
- 5.1.4.1. Rising threats of security and data privacy vulnerabilities
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Rise in demand for smart water management services due to the need for continuous optimization, regular system updates, and management of complex smart water systems
- 5.2.2. End-User: Increasing need for smart water management in the residential sector owing to consumer awareness toward water conservation
- 5.3. Market Trend Analysis
- 5.3.1. Government funding for developing water infrastructure and deployment of smart water management solutions
- 5.3.2. Government ambitions toward smart water infrastructure while ensuring cost-efficient water supply and distribution
- 5.3.3. Need to balance water scarcity and reduce waterborne diseases in EMEA
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Smart Water Management Market, by Type
- 6.1. Introduction
- 6.2. Services
- 6.3. Solution
- 7. Smart Water Management Market, by Water Meter
- 7.1. Introduction
- 7.2. AMI Meters
- 7.3. AMR Meters
- 8. Smart Water Management Market, by End User
- 8.1. Introduction
- 8.2. Commercial
- 8.3. Industrial
- 8.4. Residential
- 9. Americas Smart Water Management Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Smart Water Management Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Smart Water Management Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Wind Point Partners Acquires Hasa
- 12.3.2. Badger Meter Enhances Smart Water Capabilities With Acquisition of Syrinix
- 12.3.3. Spain has plans to invest more than USD 31 billion in improving water management
- 12.3.4. WAE announces expansion plans in India
- 12.3.5. SIT, GWF partner to develop residential smart water meters
- 12.3.6. Accenture Invests in KETOS to Advance Water Intelligence Through Real-Time Monitoring
- 12.3.7. Landis+Gyr to launch smart water meter
- 12.3.8. SenRa and Cranberry Analytics Partner to Digitise Panaji Smart City Water Supply
- 12.3.9. Veolia Water Technologies Strengthens Its Digital Solutions for Water Management with Orange Business Services
- 12.3.10. Tetra Tech Expands Digital Water and Energy Practices with the Acquisition of TIGA
- 12.3.11. SUEZ announces the launch of AssetAdvanced decision support platform deliver smart and sustainable planning for water and sanitation infrastructure investments
- 12.3.12. Xylem Invests USD 20M in Venture Capital Funds to Support Early-Stage Water Technology Development | Xylem India
- 12.3.13. Honeywell, Duke Energy Sustainable Solutions will help improve energy resiliency in the select U.S. communities
- 12.3.14. ABB launches innovative digital solution to reduce energy use and optimize operations in wastewater plants
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
Pricing
Currency Rates
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