Germany Smart Water Management Market: Market Size, Industry Trends, Leading Players, Market Share and Forecast 2019-2025

The Germany smart water management market is estimated to grow at a CAGR of 12.5% during the forecast period. Germany is projected to have considerable growth in the smart water management market due to increasing adoption of the advanced management systems for water management, government initiatives for the adoption of smart solutions. In addition, the country also launched a program to fund small grid pilot projects. As per Third Energy Package, introduced by Europe in 2009, the directive of package requires European member states to equip 80% of its consumers with smart metering systems by 2020.

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The key objective of the new law is to facilitate the implementation of smart meter and smart meter gateway devices. For this, Germany implements the EU Directives 2009/72/EG and 2009/73/EG into German Law. The Act specifies detailed requirements for the design of the smart meter devices and for the transmission of data through it. The goal of the act was to convert the energy market to digitalization, thereby ensuring a high demand for smart water management in the country.

In Germany, water supply and wastewater disposal are fundamental responsibilities of public services in the general interest within the competence of the municipalities or other public corporations. Their constitutionally legitimized bodies take strategic decisions regarding the forms of organization, participations, and cooperation.
Germany has a varied supply and disposal structure comprising public and private sector companies.

Moreover, increasing smart city initiatives by the then government raises the demand for smart water solution in the country. As per the International Trade Association (ITA) Germany has the largest ICT industry in Europe and the fourth largest across the globe. The country's ICT sector plays a significant role in new technological developments - more than 80% of innovations in key industry sectors rely on smart technologies. Therefore, the developed IT infrastructure in the country provides substantial opportunities for the integration of smart water management solutions in the country. Thus, propels the growth of the Germany smart water management market.

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Germany Smart Water Management Market-Segmentation

By product
o Hardware
o Automated Meter Reading
o Advanced Meter Infrastructure
o Other Hardware
o Software And Services

By Application
o Residential
o Commercial
o Industrial

Company Profiles
o ABB, LTD.
o ARAD GROUP
o Badger Meter, Inc.
o Belkin Corp.
o Emerson Electric Co.
o ET Water Systems, Inc
o Honeywell International, Inc.
o Huawei Technologies
o Itron, Inc.
o Xylem Inc.

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