Press release
Smart Water Management Market Share: Global Industry Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Forecast to 2027
The Smart Water Management Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The Global Smart Water Management Market Size is Projected to Reach at a CAGR of 13% during 2021-2027.
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Market Overview:
Owing to global demand, the need to address the efficiency related to operational issues of water management became essential, due to which adoption of smart water management technologies is expected to gain significant traction. The growth of IoT, smart cities across various locations are expected to promote the growth of the market studied. Technological advancements related to smart meters and their integration with communication solutions (SCADA, GIS, etc.) have transformed water management systems to address the challenges faced by water utilities, residents, and industries erroneous billing and water management.
The smart water management products consist of sensors, smart meters, communication infrastructure, and software that enables two-way communication, thus allowing users to gather actionable information and make informed decisions about optimized water distribution and usage. The global water scarcity trends are the sole reason to justify the increasing innovations in this sector and growing adoption. The UN World Water Development Report suggests that by 2050, a quarter of the people will reside in an area affected by the recurring and chronic scarcity of freshwater.
Top Leading Companies:
Xylem Inc, Itron, Elster (Honeywell), Diehl Stiftung & Co. KG, Landis+Gyr, Roper Industries(Neptune), Siemens, Kamstrup, Jiangxisanchuan, Suntront Tech Co., Ltd, Badger Meter Inc, Iskraemeco, Arad Group(Master Meter), Huizhong Instrumentation Co., Ltd, Zenner, Ningbo Water Meter
Recent Development:
June 2021 - Mueller Water Products, Inc. announced the acquisition of i2O Water Ltd. to enhance its ability to accelerate its software offerings. Additionally, Mueller plans to introduce i2O’s products and solutions in North America, where i2O currently has no presence.
March 2021 - SUEZ and Schneider Electric established a joint venture to strengthen their position in developing innovative digital water solutions. This joint venture would support municipal water operators and industrial players in accelerating their digital transformations by providing a unique range of software solutions for planning, maintenance, operation, and optimization of water treatment infrastructure.
In October 2021, ABB partnered with Danish water environment specialist DHI Group. ABB and DHI Group together planned to develop a suite of digital solutions to enable faster and more accurate decision-making for water and wastewater utilities.
In August 2021, IBM collaborated with Black & Veatch to expand its portfolio on artificial intelligence-driven monitoring solutions.
In June 2021, ABB launched the latest version of ABB Ability, an analytics software and services solution that combines operational data with engineering and IT data. It delivers actionable intelligence using a scalable advanced analytics platform with pre-built, easy-to-use applications and services.
In June 2021, Itron signed a contract with United Utilities in England to Optimize Operations. Itron’s cloud-based meter data collection and management solution, Temetra, is expected to improve water delivery and management.
In March 2021, The SUEZ and Schneider Electric had a joint venture in digital water to develop a market and joint offering of innovative digital solutions to manage the water cycle.
Smart Water Management Market Segmentation by Type:
AMR Meters
AMI Meters
Smart Water Management Market Segmentation by Application:
Residential
Commerical
Industrial
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The Asia Pacific is Expected to Register Fastest Growth
The Asia Pacific region is home to more than 2.1 billion urban residents, with over two-thirds estimated to be living in cities by 2050. The region comprises countries with substantial non-revenue water (NRW) losses, like India (with almost 60% of revenue losses from the total water distributed) and Singapore. Such figures signify the need for water management and indicate the potential for market growth in the region. Significant initiatives to develop smart water systems are evident in Asian countries, like Malaysia, Vietnam, and Thailand, among others, indicating the scope for the growth of the market.
The rising number of smart cities in the region is expected to create substantial business opportunities for smart water management solution providers. Accounting for about half a million dollars, India is planning to build over 100 smart cities by 2022, which is expected to impact almost 1 billion.
Significant initiatives to develop smart water systems are evident in the Asian areas, like Malaysia, Vietnam, and Thailand, among others, indicating the scope for the growth of the market. Japan, which has relatively lower NRW (US-24%), has been investing in water management infrastructure. With the aid of its Japan Water Research Center (JWRC), Japan has planned to achieve a 100% smart water meter rollout by 2025.
Regional Smart Water Management Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Smart Water Management Market Report:
Detailed overview of Smart Water Management Market
Changing the Smart Water Management market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Smart Water Management market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Smart Water Management Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Smart Water Management Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Smart Water Management industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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