Smart Water Management Market Projected to Reach $69.60 Billion by 2030: Flowing Towards the Future

Meticulous Research®-a leading global market research company, published a research report titled, 'Smart Water Management Market by Offering (Hardware, Software, Services), Application (Water Management, Leak Detection, Water Quality & Quantity Monitoring, Others), End User (Residential, Commercial, Industrial), & Geography - Global Forecast to 2030.'

According to this latest publication from Meticulous Research®, the smart water management market is projected to reach $69.60 billion by 2030, at a CAGR of 14.7% from 2023 to 2030. The expansion of this market is propelled by the increasing imperative to minimize water loss attributed to non-revenue water, the compelling necessity for the replacement of current water infrastructure, and the rising investments in technology for smart water management. Moreover, the escalating government efforts to integrate smart water management and the expanding initiatives for smart cities are anticipated to present substantial growth prospects for stakeholders in the smart water management market.

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However, the incorporation of water systems with contemporary smart water solutions could impede the market's expansion. Additionally, the market faces challenges such as elevated initial and maintenance expenses, along with inadequate infrastructure to sustain smart metering, which is likely to hinder the growth of the smart water management market. Meanwhile, a noteworthy trend in the market is the increasing embrace of smart water meters.

Scope of the Report:
Smart Water Management Market Assessment, by Offering
• Hardware
o Meters
 AMR Meters
 AMI Meters
 Water Flow Meters
o Smart Water Sensors
o Water Controllers
o Smart Pumps and Drives
o Smart Valves
o Other Hardware
• Software
o Cloud-based Deployments
o On-premise Deployments
• Services
o Consulting Services
o Integration and Deployment Services
o Support and Maintenance Services

Smart Water Management Market Assessment, by Application
• Water Quality and Quantity Monitoring
• Water Management
• Asset Management
• Leak Detection
• Analytics and Data Management
• Rain and Stormwater Management
• Other Applications

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Smart Water Management Market Assessment, by End User
• Residential
• Commercial
• Industrial
o Manufacturing
o Agriculture
o Utilities
o Energy
o Mining
o Oil & Gas
o Food & Beverage
o Automotive
o Pulp & Paper
o Chemical
o Textile
o Construction

Smart Water Management Market Assessment, by Country/Region
• North America
o U.S.
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
• Europe
o Germany
o U.K.
o Italy
o France
o Spain
o Rest of Europe
• Latin America
• Middle East & Africa

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Key Players:
Some of the key players operating in the global smart water management market are IBM Corporation (U.S.), ABB Ltd. (Switzerland), Honeywell International Inc. (U.S.), Schneider Electric SE (France), Cisco Systems, Inc. (U.S.), Sensus (U.S.), Mueller Water Products, Inc. (U.S.), Trimble Inc. (U.S.), Arad Group (Israel), Oracle Corporation (U.S.), Badger Meter, Inc. (U.S.), Landis+Gyr Group AG (Switzerland), Kamstrup A/S (Denmark), SUEZ SA (France), HydroPoint (U.S.), Siemens AG (Germany), Itron, Inc. (U.S.), Endress+Hauser AG (Switzerland) and Neptune Technology Group Inc. (U.S.).

Key questions answered in the report:
• Which are the high-growth market segments in terms of offering, application, and end user?
• What is the historical market size for smart water management solutions across the globe?
• What are the market forecasts and estimates for 2023-2030?
• What are the major drivers, restraints, opportunities, and challenges in the global smart water management market?
• Who are the major players in the global smart water management market, and what are their market shares?
• How is the competitive landscape?
• What are the recent developments in the global smart water management market?
• What are the different strategies adopted by the major players in the market?
• What are the geographic trends and high-growth countries?

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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

This release was published on openPR.