Smart Water Management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Water management that uses modern technologies to revolutionize traditional water distribution is known as smart water management. Many manufacturing and chemical businesses are employing smart water management to cut down on water waste and make better use of their energy. Growing technological improvements in water and waste water treatment, such as enhanced metering technology and Supervisory Control and Data Acquisition (SCADA), as well as rising water scarcity and demand for water conservation, are likely to propel the smart water management market.

MARKET SCOPE

The "Global smart water management Market Analysis to 2031" is a specialized and in-depth study of the smart water management Market with a special focus on the global market trend analysis. The report aims to provide an overview of smart water management market with detailed market segmentation by mater type, meter read technology, solutions, services. The global smart water management market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart water management market player and offers key trends and opportunities in the smart water management market.

MARKET SEGMENTATION

•   Based on meter type the market is bifurcated as, AMR water meters, AMI water meters.
•   Based on meter read technology the market is segmented as, fixed network, cellular network.
•   Based on solutions the market is segmented as, smart irrigation management systems, enterprise asset management (EAM) for water and wastewater utilities, SCADA systems for water and wastewater utilities, meter data management (MDM), and others.
•   Further, based on services the market is segmented as, professional and managed.
  
  MARKET DYNAMICS
  
  Drivers
  
  
  •   Increasing demand for quality water services across the globe.
  •   High need and demand to replace aging water infrastructure is likely to propel market growth.
  •   Government regulations and rising digitalization in the utilities sector are encouraging the development of smart water management technologies.
  
  Restraints
  
  
  •   The smart water management market is restrained by dearth of skilled workforce along with high initial investment with the process.
  
  REGIONAL FRAMEWORK
  
  The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart water management market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart water management market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
  
  The report analyzes factors affecting smart water management Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the smart water management market in these regions.
  
  IMPACT OF COVID-19 ON SMART WATER MANAGEMENT MARKET
  COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
  
  

  Smart Water Management Market Report Analysis

  Smart Water Management Market

  • 
    CAGR (2023 - 2031)

    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

  

  Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis

  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles

  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

  Key Players

  • ABB Ltd.
  • Arad Group
  • Evoqua Water Technologies LLC
  • GE DIGITAL
  • Honeywell International Inc
  • IBM Corporation
  • Itron, Inc
  • Schneider Electric
  • Sensus

  Regional Overview

  

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

  Market Segmentation

  By Meter Type

  • AMR Water Meters
  • AMI Water Meters

  By Meter Read Technology

  • Fixed Network
  • Cellular Network

  By Solutions

  • Smart Irrigation Management Systems
  • Enterprise Asset Management
  • SCADA Systems for Water and Wastewater Utilities
  • Meter Data Management

  By Services

  • Professional
  • Managed
  MARKET PLAYERS
  
  The reports cover key developments in the smart water management market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from smart water management market are anticipated to lucrative growth opportunities in the future with the rising demand for smart water management market. Below mentioned is the list of few companies engaged in the smart water management market.
  
  The report also includes the profiles of key smart water management market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
  
  
  •   ABB Ltd
  •   Arad Group
  •   Evoqua Water Technologies LLC
  •   GE DIGITAL
  •   Honeywell International Inc
  •   IBM Corporation
  •   Itron, Inc
  •   Schneider Electric
  •   Sensus
  •   Siemens
  
  The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Smart Water Management Market Report Scope