Smart Water Management Market Report: Trends, Forecast and Competitive Analysis to 2030

Smart Water Management Market Trends and Forecast

The future of the global smart water management market looks promising with opportunities in the commercial, public sector, and residential markets. The global smart water management market is expected to reach an estimated $33.3 billion by 2030 with a CAGR of 12.3% from 2024 to 2030. The major drivers for this market are increasing preference for smart data-driven techniques to identify water losses in public networks, significant application of this technique among smart cities ,and growing concern towards the water shortage.

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Smart Water Management Market by Segment

The study includes a forecast for the global smart water management market by offering, application, end use, and region.

Smart Water Management Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Water Meters
• Solutions
• Services

Smart Water Management Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Water Pipeline Monitoring & Leak Detection
• Water Level Monitoring and Dam Management
• Water Consumption & Distribution
• Irrigation Management
• Waste Water Monitoring
• Others

Smart Water Management Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Commercial
• Public Sector
• Residential

Smart Water Management Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Smart Water Management Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart water management companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart water management companies profiled in this report include-

• Siemens
• IBM
• ABB
• Honeywell Elster
• Schneider Electric
• Itron
• SUEZ
• Oracle
• Landis+Gyr
• Trimble Water

Smart Water Management Market Insights

• Lucintel forecast that solutionsis expected to witness highest growth over the forecast period due to significant usage of smart water solutions to boost water network operational effectiveness even with minimal instrastructure investment.

• Commercial will remain the largest segment due to considerable application of smart water technologies in these places to optimize water use, decrease billing errors, implement cost-effective improvements, and decrease water expenses.

• APAC is expected to witness highest growth over the forecast period due to rapid urbanization, continous population growth, and increasing public sector need for smart water supply networks in the region.

Features of the Global Smart Water Management Market

• Market Size Estimates: Smart water management market size estimation in terms of value ($B).

• Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

• Segmentation Analysis: Smart water management market size by offering, application,end use, and region in terms of value ($B).

• Regional Analysis: Smart water management market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

• Growth Opportunities: Analysis of growth opportunities in different offering, application,end use, and region for the smart water management market.

• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart water management market.

• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the smart water management market size?

Answer: The global smart water management market is expected to reach an estimated $33.3 billion by 2030.

Q.2. What is the growth forecast for smart water management market?

Answer: The global smart water management market is expected to grow with a cagr of 12.3% from 2024 to 2030

Q.3. What are the major drivers influencing the growth of the smart water management market?

Answer: The major drivers for this market are increasing preference for smart data-driven techniques to identify water losses in public networks significant application of this technique among smart cities growing concern towards the water shortage

Q.4. What are the major segments for smart water management market?

Answer: The future of the smart water management market looks promising with opportunities in the commercial, public sector, and residentialmarkets.

Q.5. Who are the key smart water management market companies?

Answer: Some of the key smart water management companies are as follows:

• Siemens
• IBM
• ABB
• Honeywell Elster
• Schneider Electric
• Itron
• SUEZ
• Oracle
• Landis+Gyr
• Trimble Water

Q.6. Which smart water management market segment will be the largest in future?

Answer: Lucintel forecast that solutionsis expected to witness highest growth over the forecast period due to significant usage of smart water solutions to boost water network operational effectiveness even with minimal instrastructure investment.

Q.7. In smart water management market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid urbanization, continous population growth, and increasing public sector need for smart water supply networks in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the smart water management market by offering (water meters, solutions, and services), application (water pipeline monitoring & leak detection, water level monitoring and dam management, water consumption & distribution, irrigation management, waste water monitoring, and others), end use (commercial, public sector, and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?