Smart Water Management Market by Type, Water Meter, End User

Description

List of Tables

[186 Pages Report] 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 16.80 billion
Estimated Year [2024]	USD 18.62 billion
Forecast Year [2030]	USD 37.02 billion
CAGR (%)	11.94%

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

Managed services focus on the proactive external management of water management systems and smart metering infrastructure to enhance operations and efficiency while reducing costs. Professional services are pivotal for successfully adopting and utilizing smart water technologies. Consulting services offer expert guidance to navigate the intricacies of smart water projects, from strategic planning to regulatory compliance. Support & maintenance services ensure installed systems' ongoing reliability and performance, providing necessary updates and technical assistance. System Integration & deployment services facilitate the coherent integration of new technologies with existing frameworks, ensuring operational harmony and maximizing smart water management benefits. The smart water management market encompasses solutions that optimize water resource allocation, distribution, and management through cutting-edge technologies. Analytics & data management are crucial in processing water usage data and operational metrics to bolster decision-making and operational insights. Customer information systems & billing and enterprise asset management ensure accurate usage billing and effective management of utility physical assets for enhanced performance and longevity. Leak detection technologies and services are pivotal in identifying and minimizing unintended water loss. In contrast, meter data management frameworks streamline the collection and analysis of consumption data, aiding in precise billing and water usage awareness. Mobile workforce management solutions boost field service productivity and responsiveness, and network management oversees the efficient delivery of water services. Smart irrigation management utilizes data insights to optimize irrigation, conserving water while promoting crop health. Supervisory control & data acquisition (SCADA) systems are integral for centralized control and real-time water treatment and distribution monitoring, improving operational transparency and efficiency.

End-User: Increasing need for smart water management in the residential sector owing to consumer awareness toward water conservation

The commercial sector, encompassing entities such as hotels, corporate offices, and retail environments, integrates smart technologies to monitor water utilization, promptly identify leaks, and adhere to environmental regulations, achieving notable cost reductions and sustainability goals. Within the industrial sector, which includes manufacturing units and processing plants with significant water demands, smart water management is pivotal in optimizing consumption, advancing water recycling-reuse practices, and ensuring wastewater treatment complies with eco-friendly standards. In the residential sector, smart meters and sensors are revolutionizing how households understand and manage their water consumption, facilitating water conservation, leak detection, and cost savings, alongside smart irrigation systems that optimize water use in outdoor spaces.

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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Smart Water Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Smart Water Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Smart Water Management Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Smart Water Management Market?

3. What are the technology trends and regulatory frameworks in the Smart Water Management Market?

4. What is the market share of the leading vendors in the Smart Water Management Market?

5. Which modes and strategic moves are suitable for entering the Smart Water Management Market?

Product Code: MRR-2022E112594C

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