Smart Water Management Market
Smart Water Management Market Forecasts to 2030 - Global Analysis by Offering (Hardware, Software & Solutions and Services), Deployment Mode (On-Premise and Cloud-Based), Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Smart Water Management Market is accounted for $18.6 billion in 2024 and is expected to reach $37.8 billion by 2030 growing at a CAGR of 12.5% during the forecast period. Smart water management refers to the use of advanced technology, data analytics, and automation to efficiently allocate, use, and store water. It includes real-time monitoring of water systems, predictive maintenance, irrigation efficiency, and intelligent decision-making tools to reduce waste, improve water quality, and ensure sustainability. Irrigation integrating smart use aims to address water scarcity, increase infrastructure efficiency, and promote environmentally friendly water use around.
According to the United Nations, water scarcity affects over 2.3 billion people globally.
Market Dynamics:
Driver:
Growing demand for efficient water usage
The smart water management market is driven by the increasing need for efficient water usage, prompted by global water scarcity and the pressures of urbanization. As populations grow, particularly in urban areas, the demand for water intensifies, necessitating advanced management solutions to optimize distribution and minimize waste. Smart water systems leverage IoT technologies, real-time data analytics, and AI to enhance resource efficiency, reduce operational costs, and ensure sustainable water supply. This demand is further fueled by regulatory requirements and the push for sustainable development.
Restraint:
Lack of standardization and interoperability
The lack of standardization and interoperability among smart water management technologies poses a significant restraint to market growth. Diverse systems often struggle to communicate effectively due to incompatible protocols and data formats, complicating integration efforts. This fragmentation can hinder the seamless deployment of comprehensive smart water solutions, limiting their effectiveness and scalability.
Opportunity:
Growing demand for water-efficient agriculture
The growing demand for water-efficient agriculture presents a substantial opportunity for the smart water management market. As agricultural practices evolve to meet food security needs amid climate change challenges, there is a heightened focus on optimizing water use in farming. Smart irrigation systems, powered by IoT sensors and data analytics, enable precise water application based on real-time soil and weather conditions. This technology conserves water and enhances crop yields, positioning smart water solutions as crucial tools in modernizing agricultural practices.
Threat:
Cyberattacks on connected water management networks
Cyberattacks on connected water management networks pose a significant threat to the market. As these systems become more integrated with digital technologies, they become vulnerable to cyber threats that can disrupt operations or compromise data integrity. Such attacks can lead to service interruptions, financial losses, and public safety risks.
Covid-19 Impact:
The Covid-19 pandemic accelerated the adoption of digital solutions in the smart water management market as utilities sought remote monitoring capabilities to maintain operations amid lockdowns. This shift highlighted the importance of resilient infrastructure and real-time data access in ensuring uninterrupted service delivery. The pandemic also underscored the need for investment in smart technologies to enhance operational efficiency and adaptability in crisis situations.
The internet of things (IoT) segment is expected to be the largest during the forecast period
The internet of things (IoT) segment is expected to account for the largest market share during the projection period due to its pivotal role in transforming traditional water management practices. IoT-enabled devices provide real-time monitoring and control over water distribution networks, allowing utilities to detect leaks promptly and optimize resource allocation. This capability enhances operational efficiency and reduces costs, making IoT solutions indispensable for modernizing infrastructure and meeting regulatory compliance requirements.
The services segment is expected to have the highest CAGR during the forecast period
The services segment is expected to have the highest CAGR due to increasing demand for professional services that support the implementation and optimization of smart water management solutions. These services include system integration, consulting, maintenance, and training, which are essential for ensuring successful deployment and operation of advanced technologies. As utilities seek to maximize their investments in smart infrastructure, the need for expert guidance and support drives growth in this segment.
Region with largest share:
The North America region is anticipated to account for the largest market share during the forecast period due to its advanced technological infrastructure and stringent regulations promoting efficient water management. The region's focus on sustainability and resource conservation drives investments in smart technologies that enhance operational efficiency. Additionally, government initiatives supporting infrastructure modernization further bolster North America's leadership in adopting smart water solutions.
Region with highest CAGR:
The Asia Pacific region is anticipated to achieve the highest CAGR during the forecast period owing to rapid urbanization and significant investments in smart city initiatives. Countries in this region are increasingly adopting advanced technologies like IoT and AI to address challenges related to water scarcity and distribution inefficiencies. Government policies promoting sustainable practices also contribute to robust growth as these nations strive for efficient resource management amidst rising environmental concerns.
Key players in the market
Some of the key players in Smart Water Management Market include ABB Group, IBM Corporation, General Electric, Itron Inc., Schneider Electric, Siemens AG, SUEZ, Xylem Inc., Honeywell, Oracle Corporation, Landis+Gyr, Trimble Inc., Kamstrup, Neptune Technology Group, Badger Meter, Ayyeka, CityTaps and TaKaDu.
Key Developments:
In July 2024, Badger Meter introduced the Dynasonics RS-900w Polymer Ultrasonic Flow Sensor for modern irrigation control applications, featuring zero straight run requirements and wide-range flow measurement capabilities.
In May 2024, with more than a century of experience serving municipal, commercial and industrial customers worldwide, Badger Meter, Inc. is a trusted water technology innovator. The company announces the launch of BlueEdge™, a customizable suite of solutions designed to drive visibility and optimization of water assets. The Milwaukee-based business is a flow meter pioneer, from introducing the first frost-proof water meter nearly 120 years ago, to todays digitally connected water management solutions.
Offerings Covered:
• Hardware
• Software & Solutions
• Services
Deployment Modes Covered:
• On-Premise
• Cloud-Based
Technologies Covered:
• Internet of Things (IoT)
• Artificial Intelligence (AI)
• Machine Learning
• Big Data Analytics
• Blockchain
• 5G Connectivity
Applications Covered:
• Distribution Network Management
• Asset Management
• Data Management
End Users Covered:
• Residential
• Commercial & Industrial
• Utilities & Public Sector
• Agriculture & Irrigation
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Water Management Market, By Offering
5.1 Introduction
5.2 Hardware
5.2.1 Water Meters
5.2.1.1 AMR (Automated Meter Reading)
5.2.1.2 AMI (Advanced Metering Infrastructure)
5.2.2 Sensors & Controllers
5.2.3 Communication Devices
5.3 Software & Solutions
5.3.1 SCADA Systems
5.3.2 Analytics Platforms
5.3.3 Smart Irrigation Systems
5.3.4 Network Management Systems
5.4 Services
5.4.1 Professional Services
5.4.1.1 Consulting
5.4.1.2 Implementation & Integration
5.4.1.3 Training & Support
5.4.2 Managed Services
6 Global Smart Water Management Market, By Deployment Mode
6.1 Introduction
6.2 On-Premise
6.3 Cloud-Based
7 Global Smart Water Management Market, By Technology
7.1 Introduction
7.2 Internet of Things (IoT)
7.3 Artificial Intelligence (AI)
7.4 Machine Learning
7.5 Big Data Analytics
7.6 Blockchain
7.7 5G Connectivity
8 Global Smart Water Management Market, By Application
8.1 Introduction
8.2 Distribution Network Management
8.2.1 Network Monitoring
8.2.2 Pressure Management
8.2.3 Leak Detection & Control
8.2.4 Quality Monitoring
8.3 Asset Management
8.3.1 Infrastructure Monitoring
8.3.2 Predictive Maintenance
8.3.3 Resource Optimization
8.3.4 Workforce Management
8.4 Data Management
8.4.1 Meter Data Analytics
8.4.2 Consumption Analysis
8.4.3 Billing & Customer Engagement
9 Global Smart Water Management Market, By End User
9.1 Introduction
9.2 Residential
9.2.1 Smart Homes
9.2.2 Residential Complexes
9.3 Commercial & Industrial
9.3.1 Manufacturing Industries
9.3.2 Healthcare Facilities
9.3.3 Educational Institutions
9.3.4 Retail & Offices
9.3.5 Mining & Construction
9.4 Utilities & Public Sector
9.4.1 Water Utilities
9.4.2 Municipalities
9.4.3 Wastewater Treatment Plants
9.5 Agriculture & Irrigation
10 Global Smart Water Management Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 ABB Group
12.2 IBM Corporation
12.3 General Electric
12.4 Itron Inc.
12.5 Schneider Electric
12.6 Siemens AG
12.7 SUEZ
12.8 Xylem Inc.
12.9 Honeywell
12.10 Oracle Corporation
12.11 Landis+Gyr
12.12 Trimble Inc.
12.13 Kamstrup
12.14 Neptune Technology Group
12.15 Badger Meter
12.16 Ayyeka
12.17 CityTaps
12.18 TaKaDu
List of Tables
1 Global Smart Water Management Market Outlook, By Region (2022-2030) ($MN)
2 Global Smart Water Management Market Outlook, By Offering (2022-2030) ($MN)
3 Global Smart Water Management Market Outlook, By Hardware (2022-2030) ($MN)
4 Global Smart Water Management Market Outlook, By Water Meters (2022-2030) ($MN)
5 Global Smart Water Management Market Outlook, By Sensors & Controllers (2022-2030) ($MN)
6 Global Smart Water Management Market Outlook, By Communication Devices (2022-2030) ($MN)
7 Global Smart Water Management Market Outlook, By Software & Solutions (2022-2030) ($MN)
8 Global Smart Water Management Market Outlook, By SCADA Systems (2022-2030) ($MN)
9 Global Smart Water Management Market Outlook, By Analytics Platforms (2022-2030) ($MN)
10 Global Smart Water Management Market Outlook, By Smart Irrigation Systems (2022-2030) ($MN)
11 Global Smart Water Management Market Outlook, By Network Management Systems (2022-2030) ($MN)
12 Global Smart Water Management Market Outlook, By Services (2022-2030) ($MN)
13 Global Smart Water Management Market Outlook, By Professional Services (2022-2030) ($MN)
14 Global Smart Water Management Market Outlook, By Managed Services (2022-2030) ($MN)
15 Global Smart Water Management Market Outlook, By Deployment Mode (2022-2030) ($MN)
16 Global Smart Water Management Market Outlook, By On-Premise (2022-2030) ($MN)
17 Global Smart Water Management Market Outlook, By Cloud-Based (2022-2030) ($MN)
18 Global Smart Water Management Market Outlook, By Technology (2022-2030) ($MN)
19 Global Smart Water Management Market Outlook, By Internet of Things (IoT) (2022-2030) ($MN)
20 Global Smart Water Management Market Outlook, By Artificial Intelligence (AI) (2022-2030) ($MN)
21 Global Smart Water Management Market Outlook, By Machine Learning (2022-2030) ($MN)
22 Global Smart Water Management Market Outlook, By Big Data Analytics (2022-2030) ($MN)
23 Global Smart Water Management Market Outlook, By Blockchain (2022-2030) ($MN)
24 Global Smart Water Management Market Outlook, By 5G Connectivity (2022-2030) ($MN)
25 Global Smart Water Management Market Outlook, By Application (2022-2030) ($MN)
26 Global Smart Water Management Market Outlook, By Distribution Network Management (2022-2030) ($MN)
27 Global Smart Water Management Market Outlook, By Network Monitoring (2022-2030) ($MN)
28 Global Smart Water Management Market Outlook, By Pressure Management (2022-2030) ($MN)
29 Global Smart Water Management Market Outlook, By Leak Detection & Control (2022-2030) ($MN)
30 Global Smart Water Management Market Outlook, By Quality Monitoring (2022-2030) ($MN)
31 Global Smart Water Management Market Outlook, By Asset Management (2022-2030) ($MN)
32 Global Smart Water Management Market Outlook, By Infrastructure Monitoring (2022-2030) ($MN)
33 Global Smart Water Management Market Outlook, By Predictive Maintenance (2022-2030) ($MN)
34 Global Smart Water Management Market Outlook, By Resource Optimization (2022-2030) ($MN)
35 Global Smart Water Management Market Outlook, By Workforce Management (2022-2030) ($MN)
36 Global Smart Water Management Market Outlook, By Data Management (2022-2030) ($MN)
37 Global Smart Water Management Market Outlook, By Meter Data Analytics (2022-2030) ($MN)
38 Global Smart Water Management Market Outlook, By Consumption Analysis (2022-2030) ($MN)
39 Global Smart Water Management Market Outlook, By Billing & Customer Engagement (2022-2030) ($MN)
40 Global Smart Water Management Market Outlook, By End User (2022-2030) ($MN)
41 Global Smart Water Management Market Outlook, By Residential (2022-2030) ($MN)
42 Global Smart Water Management Market Outlook, By Smart Homes (2022-2030) ($MN)
43 Global Smart Water Management Market Outlook, By Residential Complexes (2022-2030) ($MN)
44 Global Smart Water Management Market Outlook, By Commercial & Industrial (2022-2030) ($MN)
45 Global Smart Water Management Market Outlook, By Manufacturing Industries (2022-2030) ($MN)
46 Global Smart Water Management Market Outlook, By Healthcare Facilities (2022-2030) ($MN)
47 Global Smart Water Management Market Outlook, By Educational Institutions (2022-2030) ($MN)
48 Global Smart Water Management Market Outlook, By Retail & Offices (2022-2030) ($MN)
49 Global Smart Water Management Market Outlook, By Mining & Construction (2022-2030) ($MN)
50 Global Smart Water Management Market Outlook, By Utilities & Public Sector (2022-2030) ($MN)
51 Global Smart Water Management Market Outlook, By Water Utilities (2022-2030) ($MN)
52 Global Smart Water Management Market Outlook, By Municipalities (2022-2030) ($MN)
53 Global Smart Water Management Market Outlook, By Wastewater Treatment Plants (2022-2030) ($MN)
54 Global Smart Water Management Market Outlook, By Agriculture & Irrigation (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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