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Smart Water Management Market

Smart Water Management Market

Smart Water Management Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

Base Year:

2021

Date

Apr - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1518

Segments Covered
  • By Water Meter AMR, AMI
  • By Solution Enterprise Asset Management, Network Management, Smart Irrigation
  • By Service Professional, Managed
  • By End User Commercial & Industrial, Residential
  • By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 104.42 Billion
Revenue 2028Revenue 2028: USD 210 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 10.5%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Smart Water Management Market Share

Market Synopsis:

Global Smart Water Management Market valued at USD 104.42 Billion in 2021 and is projected to attain a value of USD 210 Billion by 2028 at a CAGR of 10.5% during the forecast period, 2022–2028.

The Smart Water Management market is growing due to a number of factors. The increasing awareness about the amount of water wasted and its costs is leading more companies to start using Smart Water Management systems. The elimination of manual reporting and its related inefficiencies, along with the ability to monitor progress in real-time are also fueling the demand for such systems.

Smart Water Management Market Size, 2021 To 2028 (USD Billion)

Growing Awareness Among Consumers about Water Conservation to Drive Growth of Smart Water Management Market

The demand for Smart Water Management systems is on the rise as more and more people look to save money, conserve water, and reduce their carbon footprint. The market for these systems came about in response to customer needs. People want to be able to monitor their home's water usage, automate tasks like irrigation schedules, and create reports that detail how much water they had used. Some of the benefits of a smart water system include a reduction in water bill costs, saving time by automating tasks, and a reduced carbon footprint as people use less energy.

Market Segmentation:

Global Smart Water Management Market is Segmented by Water Meter (AMR, AMI), Solution (Enterprise Asset Management, Network Management, Smart Irrigation), Service (Professional, Managed), End User (Commercial & Industrial, Residential), and Region.

Below tree is interactive. You can click the nodes to get more information.

By End Users, Commercial and Industrial Segment to Dominate Smart Water Management Market

The highest adoption of Smart Water Management in Commercial and Industrial establishment is because many buildings have extensive water systems. There are many components to these systems, with some parts being more prone to wear than others. A tool such as Smart Water Management, can help pinpoint these parts and prevent them from failing. It also provides a detailed analysis of water use which helps pinpoint the exact leaks or other issues that may be occurring. Moreover, the adoption of these technologies is having an impact on the environment, with reduced contamination levels and more accessible resources for people.

Asia Pacific to Continue Witnessing Fastest Adoption of Smart Water Management

Asia Pacific is experiencing a significant adoption of water management technology. China and India have both invested heavily in new technologies, which has led to the region not only becoming the world's largest market for smart water meters, but also the world's number one producer of such products. One of the major drivers of this trend has been an increasing population and global warming. In order to ensure that there is enough clean water available, a number of countries have invested in smart water meters and other technology to monitor their water consumption.

Key Players:

IBM (US), Siemens (Germany), Honeywell Elster (US), ABB (Switzerland), Schneider Electric (France), SUEZ (France), Itron (US), Landis+Gyr (Switzerland), Oracle (US), Trimble Water (US), i2O Water (UK), HydroPoint (US), Xenius (India), Takadu (Israel), Neptune Technology (US), AquamatiX (UK), Badger Meter (US), Fluid (US), Lishtot (Israel), Syrinix (UK), Elentec (UK), FREDsense (Canada), CityTaps (France), Fracta (US), and Xylem (US)..

Smart Water Management Market is Segmented as Follows:

Parameter Details
Segments Covered
  • Water Meter (AMR, AMI)
  • Solution (Enterprise Asset Management, Network Management, Smart Irrigation)
  • Service (Professional, Managed)
  • End User (Commercial & Industrial, Residential)
  • Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • IBM (US)
  • Siemens (Germany)
  • Honeywell Elster (US)
  • ABB (Switzerland)
  • Schneider Electric (France)
  • SUEZ (France)
  • Itron (US)
  • Landis+Gyr (Switzerland)
  • Oracle (US)
  • Trimble Water (US)
  • i2O Water (UK)
  • HydroPoint (US)
  • Xenius (India)
  • Takadu (Israel)
  • Neptune Technology (US)
  • AquamatiX (UK)
  • Badger Meter (US)
  • Fluid (US)
  • Lishtot (Israel)
  • Syrinix (UK)
  • Elentec (UK)
  • FREDsense (Canada)
  • CityTaps (France)
  • Fracta (US)
  • and Xylem (US).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

FAQ
Frequently Asked Question
  • The global Smart Water Management valued at USD 104.42 Billion in 2020 and is expected to reach USD 210 Billion in 2028 growing at a CAGR of 10.5%.

  • The prominent players in the market are IBM (US), Siemens (Germany), Honeywell Elster (US), ABB (Switzerland), Schneider Electric (France), SUEZ (France), Itron (US), Landis+Gyr (Switzerland), Oracle (US), Trimble Water (US), i2O Water (UK), HydroPoint (US), Xenius (India), Takadu (Israel), Neptune Technology (US), AquamatiX (UK), Badger Meter (US), Fluid (US), Lishtot (Israel), Syrinix (UK), Elentec (UK), FREDsense (Canada), CityTaps (France), Fracta (US), and Xylem (US)..

  • The market is project to grow at a CAGR of 10.5% between 2021 and 2028.

  • The driving factors of the Smart Water Management include

    • The increasing need for insightful approaches to oversee natural water resources with urban areas becoming increasingly smarter and technologically advanced

  • Asia Pacific was the leading regional segment of the Smart Water Management in 2020.