Smart Water Management Market By Offering (Solution, Service), By Application (Water Pipeline Monitoring & Leak Detection, Water Level Monitoring and Dam Management, Water Consumption & Distribution, Irrigation Management, Waste Water Monitoring, Others), By Application (Commercial, Public Sector, Residential): Global Opportunity Analysis and Industry Forecast, 2021-2031
Smart water management includes mechanized systems for water treatment, supply, storage, flood prevention, and water resource management. These systems have been in operation for several decades and are currently under pressure due to rise in demand. In addition, consistent attention, repair, and maintenance is required to smoothen the water supply process. Moreover, its structures incur high maintenance costs while simultaneously declining in effectiveness. To address this issue, water managers in different parts of the world have started adopting smart ways to manage water effectively, reduce maintenance costs, and provide a satisfactory experience for consumers.
Increase in usage of supervisory control and data acquisition drives the growth of the market. In addition, rise in number of smart cities and increase in use of digital transformation technology fuel the market growth. However, lack of capital investments to install infrastructure and lack of digitally skilled workforce are expected to impede the market growth. Furthermore, surge in government initiatives to implement smart water management is expected to provide lucrative opportunities for the market growth.
The global smart water management market is segmented based on offering, application, end user, and geography. By offering, it is divided into solution and service. On the basis of application, it is fragmented into water pipeline monitoring & leak detection, water level monitoring & dam management, water consumption & distribution, irrigation management, waste water monitoring, and others. In terms of end user, the market is classified into commercial, public sector and residential. On the basis of geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the smart water management market analysis are the major players operating in the smart water management market are ABB Ltd., Badger Meter, Honeywell International Inc., Hydropoint, IBM Corporation, Itron, Landis+Gyr, Neptune Technology, Oracle Corporation, Schneider Electric SE, Siemens AG, Suez, Takadu, Trimble Inc., Xenius, Ayyeka, Ketos. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart water management market analysis from 2021 to 2031 to identify the prevailing smart water management market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the smart water management market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global smart water management market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Offering
Solution
Solution Type
Hardware
Software
Service
Service Type
Professional Services
Managed Services
By Application
Water Pipeline Monitoring Leak Detection
Water Level Monitoring and Dam Management
Water Consumption Distribution
Irrigation Management
Waste Water Monitoring
Others
By Application
Commercial
Public Sector
Residential
By Region
North America
U.S.
Canada
Europe
United Kingdom
France
Germany
Spain
Italy
Netherlands
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Singapore
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ABB Ltd
Badger Meter
Honeywell International Inc.
Hydropoint
IBM Corporation
Itron
Landis+Gyr
Neptune Technology
Oracle Corporation
Schneider Electric SE
Siemens AG
Suez
Takadu
Trimble Inc.
Xenius
Ayyeka
Ketos
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