Smart water management refers to the integration of advanced technologies, data analytics, and real-time monitoring systems to optimize water distribution, reduce water losses, and enhance water conservation. To provide statistical insights, the World Health Organization (WHO) estimates that by 2025, half of the world’s population will be living in water-stressed areas. Additionally, the U.S. Environmental Protection Agency (EPA) states that approximately 240,000 water main breaks occur annually in the United States, leading to significant water losses. These statistics highlight the urgent need for effective water management solutions and underline the potential market opportunities for smart water management technologies.
According to the most recent analysis by Emergen Research, the size of the global smart water management (SWM) market is anticipated to reach USD 39.33 billion in 2032 and to exhibit a consistent revenue CAGR of 10.1% throughout the course of the projected year. The adoption of smart water management solutions is driven by the growing demand for sustainable water management practices, increasing urbanization, and the need to address aging water infrastructure.
One of the primary drivers behind the growth of the smart water management market is the escalating global water scarcity. Rapid population growth, urbanization, and climate change have led to increased water demand, putting strain on water resources. Smart water management solutions offer a comprehensive approach to tackle these challenges by enabling efficient water distribution, leakage detection, and conservation measures. Governments and water utilities are increasingly investing in smart water management technologies to address water scarcity and ensure the sustainable use of this vital resource.
The rising urbanization is also fueling the demand for smart water management solutions. As cities expand, the need for efficient water management becomes paramount. Smart water technologies, such as advanced metering infrastructure (AMI), remote sensing, and real-time data analytics, provide insights into water consumption patterns, enable proactive leak detection, and allow for effective demand forecasting. These technologies empower water utilities and municipalities to optimize water distribution networks, reduce non-revenue water (NRW), and improve overall operational efficiency.
However, the smart water management market faces certain restraints. One of the key challenges is the high upfront cost of implementing smart water solutions. The deployment of sensors, data collection infrastructure, and analytics platforms requires significant investment. Moreover, the integration of smart technologies with existing water infrastructure can be complex and time-consuming. The cost factor and the need for careful planning and coordination can hinder the adoption of smart water management solutions, especially in regions with limited financial resources.
Several growth factors are expected to drive the smart water management market in the coming years. Firstly, the increasing focus on sustainability and environmental conservation is promoting the adoption of smart water solutions. Water scarcity, climate change, and the need to minimize environmental impact are driving governments and organizations to implement innovative technologies for efficient water management. Smart water management enables proactive monitoring, leakage detection, and real-time decision-making, leading to optimized water usage and reduced environmental footprint.
Furthermore, government regulations and initiatives are playing a significant role in driving the adoption of smart water management solutions. Governments worldwide are implementing stringent water conservation policies and setting targets for reducing water losses. For instance, the European Union’s Water Framework Directive and the United States’ WaterSense program promote sustainable water management practices. These regulations create a favorable market environment and encourage the implementation of smart water technologies.
The global Smart Water Management Market report published by Emergen Research assesses the Smart Water Management market with regards to market size, market share, revenue growth, key segments, and regional bifurcation. The global Smart Water Management market is highly fragmented with numerous players operating on a global and regional level. The companies are engaged in mergers and acquisitions, joint ventures, and collaborations along with product advancements and R&D activities to cater to the growing global demand and gain a robust footing in the market.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Smart Water Management market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
ABB, IBM, Honeywell Elster, Siemens, Itron, Schneider Electric, SUEZ, Oracle, Landis+Gyr, and SENSUS
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Emergen Research has segmented the global Smart Water Management market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
-
Offering Outlook (Revenue, USD Billion; 2018–2028)
- Service
- Professional Services
- Managed Services
- Solution
- Distribution Network Monitoring
- Meter Data Management
- Asset Management
- Supervisory Control and Data Acquisition (SCADA)
- Analytics
- Smart Irrigation Management
- Others
- Water Meters
- AMI Meters
- AMR Meters
- Service
-
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Residential
- Commercial & Industrial
-
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Spain
- Switzerland
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of MEA
- North America
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Smart Water Management Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Smart Water Management Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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