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Smart Water Management Market worth $37.02 billion by 2030, growing at a CAGR of 11.94% - Exclusive Report by 360iResearch
Smart Water Management Market | 360iResearch
The Global Smart Water Management Market to grow from USD 16.80 billion in 2023 to USD 37.02 billion by 2030, at a CAGR of 11.94%.
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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.
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.
Market Segmentation & Coverage:
This research report categorizes the Smart Water Management Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Services and Solution. The Services is further studied across Managed Services and Professional Services. The Professional Services is further studied across Consulting Services, Support & Maintenance Services, and System Integration & Deployment Services. The Solution is further studied across Advanced Pressure Management, Analytics & Data Management, Customer Information System & Billing, Enterprise Asset Management, Leak Detection, Meter Data Management, Mobile Workforce Management, Network Management, Smart Irrigation Management, and Supervisory Control & Data Acquisition. The Enterprise Asset Management is further studied across Asset Condition Monitoring and Predictive Maintenance. The Services commanded largest market share of 54.50% in 2023, followed by Solution.
Based on Water Meter, market is studied across AMI Meters and AMR Meters. The AMR Meters commanded largest market share of 53.67% in 2023, followed by AMI Meters.
Based on End User, market is studied across Commercial, Industrial, and Residential. The Industrial commanded largest market share of 50.95% in 2023, followed by Commercial.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.95% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Smart Water Management Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Smart Water Management Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
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.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Smart Water Management Market, by Type
7. Smart Water Management Market, by Water Meter
8. Smart Water Management Market, by End User
9. Americas Smart Water Management Market
10. Asia-Pacific Smart Water Management Market
11. Europe, Middle East & Africa Smart Water Management Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Smart Water Management Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Smart Water Management Market?
3. What is the competitive strategic window for opportunities in the Smart Water Management Market?
4. What are the technology trends and regulatory frameworks in the Smart Water Management Market?
5. What is the market share of the leading vendors in the Smart Water Management Market?
6. What modes and strategic moves are considered suitable for entering the Smart Water Management Market?
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