Smart Water Management Market by Device (Advanced Water Meters, Mater Read Technology, and Cellular Network), Service (Professional Services and Managed Services), and Region - Global Industry Analysis, Opportunities and Forecast up to 2029

Smart Water Management Market Size

The global Smart Water Management market size was valued at $0.99 billion in 2023 and is projected to reach $2.67 billion by 2029, growing at a CAGR of 18.0% during the forecast period. 

Smart Water Management Market Dynamics

• The smart water management market is expected to witness significant growth in the future due to the increasing need to replace the aging water infrastructure and the growing adoption of advanced technologies. 

• Additionally, rising concern for sustainable living and the development of regulations and laws by governments are the prominent factors driving the growth of the smart water management market demand.

• However, the lack of skilled workforce and decreased shelf-life of smart meters are restraining the market growth.

• On the contrary, the increasing role of smart water management in the smart city revolution and rising government initiatives are creating opportunities for market growth.

Smart Water Management Market Overview

Smart water management is the following large thing because of the rising water shortage and need for water preservation all over the planet. Different associations and states across the globe are under immense strain to fulfill the expanding need for water. Overall water administrative bodies should comprehend the need of great importance and proactively execute smart water technologies to proficiently deal with their conveyance channels, update their tasks, lessen upkeep costs, spread mindfulness among clients about water protection and diminish non-income water misfortunes happening because of burglaries and water spillage.

By End User, the Residential Segment is projected to be the largest Segment in the Smart Water Management Market

The residential segment is estimated to witness a significant growth rate due to the rising adoption rate, as software and hardware are becoming less expensive and more reasonable. Residential water utilization represents a huge part of water utilization universally, as water is viewed as one of the extravagances that should be monitored proficiently. Subsequently, innovation additionally assumes a fundamental part in making individuals responsible for the misuse of water. Purchasers are redesigning their homes by embracing brilliant water executives' programming and equipment. Digitization, alongside the adoption of associated advancements, is affecting all uses of smart water management solutions by upsetting the manner in which smart water management systems interface with the environmental elements in the residential sector.

By Geography, Asia Pacific Region Holds the Dominant Position in the Market Revenue

Asia Pacific is projected to be the largest segment in the smart water management market due to the growing technological incorporation in the utility sector and the rise in the adoption of smart grid solutions across the region. These factors lead to the large-scale development of technologies relative to the western regions, rising awareness of clean and safe water supply, supportive government regulations, and growing industrial activities in the region. In the region, the demand for water efficiency and water resources reusability is high, which is expected to drive the smart water management market growth in the region.

Some of the Key Players Profiled in the Report Include: 

• ABB
• Badger Meter
• General Electric
• Honeywell Elster
• HydroPoint
• IBM
• Itron
• Oracle
• Schneider Electric
• Siemens

What Can be Explored with this Research Report?

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Device:
• Advanced Water Meters
• Mater Read Technology
• Cellular Network

Market by, Service:
• Professional Services
• Managed Services

Market by, Automation Solution:
• Water Quality & Quantity Monitoring
• Asset Management
• Advanced Water Treatment & Automation
• Pressure Control & Leakage Detection
• Analytics & Data Management

Market by, End User:
• Commercial and Industrial
• Residential

Market by, Geography:

The Smart Water Management Market report also analyzes the major geographic regions and countries for the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis. 

Table Of Content

1 Market Overview                
    1.1 Introduction            
    1.2 Research Objectives           
    1.3 Market Segmentation           
    1.4 Stakeholders            
    1.5 List of Acronyms            
                  
2 Executive Summary                
                  
3 Research Methodology               
    3.1 Identification of Data           
    3.2 Evaluation of Market Dynamics          
    3.3 Collaboration of Data           
    3.4 Verification and Analysis           
    3.5 Data Sources            
    3.6 Assumptions            
                  
4 Market Dynamics                
    4.1 Market Drivers            
           4.1.1 Increasing Need to Replace the Aging Water Infrastructure 
           4.1.2 Growing Adoption of Advanced Technologies  
    4.2 Market Restraints            
           4.2.1 Decreased Shelf-life of Smart Meters   
    4.3 Market Opportunities           
           4.3.1 Regulatory Implementations for Promoting Smart Water Management Solutions
    4.4 Market Challenges            
           4.4.1 Lack of Skilled Workforce    
    4.5 Impact of COVID-19 on Smart Water Management Market        
                  
5 Porter's Five Force Analysis              
    5.1 Bargaining Power of Suppliers           
    5.2 Bargaining Power of Buyers           
    5.3 Threat of New Entrants           
    5.4 Threat of Substitutes           
    5.5 Competitive Rivalry in the Market          
                  
6 Global Smart Water Management Market by, Device            
    6.1 Overview            
    6.2 Advanced Water Meters           
           6.2.1 Automated Meter Reading (AMR)   
           6.2.2 Advanced Metering Infrastructure (AMI)   
    6.3 Mater Read Technology           
    6.4 Cellular Network            
                  
7 Global Smart Water Management Market by, Service            
    7.1 Overview            
    7.2 Professional Services           
    7.3 Managed Services            
                  
8 Global Smart Water Management Market by, Automation Solution           
    8.1 Overview            
    8.2 Water Quality & Quantity Monitoring          
    8.3 Asset Management            
    8.4 Advanced Water Treatment & Automation         
    8.5 Pressure Control & Leakage Detection          
    8.6 Analytics & Data Management           
                  
9 Global Smart Water Management Market by, End User            
    9.1 Overview            
    9.2 Commercial and Industrial           
    9.3 Residential            
                  
10 Global Smart Water Management Market by, Geography            
    10.1 Overview            
    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 France    
             10.3.3 UK    
             10.3.4 Italy    
             10.3.5 Spain    
             10.3.6 Rest of Europe   
    10.4 Asia Pacific            
             10.4.1 China    
             10.4.2 Japan    
             10.4.3 India    
             10.4.4 South Korea   
             10.4.5 Australia    
             10.4.6 New Zealand   
             10.4.7 Rest of Asia Pacific   
    10.5 South America            
             10.5.1 Brazil    
             10.5.2 Argentina   
             10.5.3 Chile    
             10.5.4 Rest of South America  
    10.6 Middle East & Africa           
             10.6.1 UAE    
             10.6.2 Saudi Arabia   
             10.6.3 Qatar    
             10.6.4 Iran    
             10.6.5 South Africa   
             10.6.6 Rest of Middle East & Africa  
                  
11 Key Developments                
                  
12 Company Profiling                
    12.1 ABB             
             12.1.1 Business Overview   
             12.1.2 Product/Service Offering  
             12.1.3 Financial Overview   
             12.1.4 SWOT Analysis   
             12.1.5 Key Activities   
    12.2 Badger Meter            
    12.3 General Electric            
    12.4 Honeywell Elster            
    12.5 HydroPoint            
    12.6 IBM             
    12.7 Itron             
    12.8 Oracle             
    12.9 Schneider Electric            
    12.10 Siemens