Smart Water Management
Smart Water Management Market by Type (Services, Solution), Water Meter (AMI Meters, AMR Meters), End User - Global Forecast 2024-2030
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[190 Pages Report] The Smart Water Management Market size was estimated at USD 16.80 billion in 2023 and expected to reach USD 18.62 billion in 2024, at a CAGR 11.94% to reach USD 37.02 billion by 2030.

Smart Water Management Market
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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.

Regional Insights

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 Dynamics

The market dynamics represent an ever-changing landscape of the Smart Water Management Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Rising needs to replace the aging water infrastructure
    • Growing government focus on water sustainability concerning water conservation
    • Increasing adoption of smart water management in manufacturing, agriculture, and power production facilities
  • Market Restraints
    • Concerns in technology deployments and maintenance cost
  • Market Opportunities
    • Increasing role of smart water management in the smart city revolution
    • New technological advancements in smart water management solutions
  • Market Challenges
    • Rising threats of security and data privacy vulnerabilities
Market Segmentation Analysis
  • Type: Rise in demand for smart water management services due to the need for continuous optimization, regular system updates, and management of complex smart water systems

    Managed services focus on the proactive external management of water management systems and smart metering infrastructure to enhance operations and efficiency while reducing costs. Professional services are pivotal for successfully adopting and utilizing smart water technologies. Consulting services offer expert guidance to navigate the intricacies of smart water projects, from strategic planning to regulatory compliance. Support & maintenance services ensure installed systems' ongoing reliability and performance, providing necessary updates and technical assistance. System Integration & deployment services facilitate the coherent integration of new technologies with existing frameworks, ensuring operational harmony and maximizing smart water management benefits. The smart water management market encompasses solutions that optimize water resource allocation, distribution, and management through cutting-edge technologies. Analytics & data management are crucial in processing water usage data and operational metrics to bolster decision-making and operational insights. Customer information systems & billing and enterprise asset management ensure accurate usage billing and effective management of utility physical assets for enhanced performance and longevity. Leak detection technologies and services are pivotal in identifying and minimizing unintended water loss. In contrast, meter data management frameworks streamline the collection and analysis of consumption data, aiding in precise billing and water usage awareness. Mobile workforce management solutions boost field service productivity and responsiveness, and network management oversees the efficient delivery of water services. Smart irrigation management utilizes data insights to optimize irrigation, conserving water while promoting crop health. Supervisory control & data acquisition (SCADA) systems are integral for centralized control and real-time water treatment and distribution monitoring, improving operational transparency and efficiency.

  • End-User: Increasing need for smart water management in the residential sector owing to consumer awareness toward water conservation

    The commercial sector, encompassing entities such as hotels, corporate offices, and retail environments, integrates smart technologies to monitor water utilization, promptly identify leaks, and adhere to environmental regulations, achieving notable cost reductions and sustainability goals. Within the industrial sector, which includes manufacturing units and processing plants with significant water demands, smart water management is pivotal in optimizing consumption, advancing water recycling-reuse practices, and ensuring wastewater treatment complies with eco-friendly standards. In the residential sector, smart meters and sensors are revolutionizing how households understand and manage their water consumption, facilitating water conservation, leak detection, and cost savings, alongside smart irrigation systems that optimize water use in outdoor spaces.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Smart Water Management Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Smart Water Management Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Smart Water Management Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Smart Water Management Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Smart Water Management Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Smart Water Management Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Smart Water Management Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Smart Water Management Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Smart Water Management Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Smart Water Management Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Smart Water Management Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Smart Water Management Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Wind Point Partners Acquires Hasa

    Wind Point Partners is helping to shape the future of smart water management with its recent acquisition of HASA, Inc. The company is dedicated to empowering those responsible for commercial and municipal applications with intelligent water solutions. Their products promote improved energy efficiency, enhanced safety features, cost savings, and productivity gains. By combining their knowledge and resources with HASA’s deep technical expertise in the water reservoir maintenance system, they are certain to revolutionize the industry and deliver a superior user experience. [Published On: 2023-01-12]

  • Badger Meter Enhances Smart Water Capabilities With Acquisition of Syrinix

    Smart water management has become increasingly important for several organizations in providing optimal performance, cost savings, and sustainable outcomes. Badger Meter is leading the way with their recent acquisition of Syrinix. This action advances Badger Meter's capabilities in improving digital infrastructure solutions to assist customers across the globe. The combination of both organizations’ knowledge provides a wealth of resources that can be used to reduce operational costs while also leading to greater efficiency. Through this acquisition, Badger Meter is pushing the boundaries of smart water technology and laying the groundwork for others in the industry to follow suit. [Published On: 2023-01-05]

  • Spain has plans to invest more than USD 31 billion in improving water management

    Spain is taking a comprehensive approach to the challenge of water management. As the Spanish Economy Minister recently announced, Spain has planned an investment of over USD 31 billion in its water infrastructure network. The initiative involves long-term and short-term measures such as support for irrigation systems, easy access to clean drinking water, reduced energy consumption, improved wastewater treatment, and more efficient use of rainwater. Additionally, funding will be used to address environmental issues, including flood prevention and land use regulation. With these funds, Spain is committed to better-protecting population health by strengthening their water supply, which means cleaner and more efficient ways to use this vital resource. [Published On: 2022-12-19]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Smart Water Management Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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.

Smart Water Management Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Smart Water Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Services
      • Managed Services
      • Professional Services
        • Consulting Services
        • Support & Maintenance Services
        • System Integration & Deployment Services
    • Solution
      • Advanced Pressure Management
      • Analytics & Data Management
      • Customer Information System & Billing
      • Enterprise Asset Management
        • Asset Condition Monitoring
        • Predictive Maintenance
      • Leak Detection
      • Meter Data Management
      • Mobile Workforce Management
      • Network Management
      • Smart Irrigation Management
      • Supervisory Control & Data Acquisition
  • Water Meter
    • AMI Meters
    • AMR Meters
  • End User
    • Commercial
    • Industrial
    • Residential

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Smart Water Management Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  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
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 652]
  16. List of Companies Mentioned [Total: 39]
Harnessing Smart Technology for Sustainable Water Management
July 24, 2023
Harnessing Smart Technology for Sustainable Water Management
Picture a world where water resources are well monitored, optimized, and conserved through the power of cutting-edge technologies- that’s the realm of smart water management systems.

The United Nations International Children's Emergency Fund (UNICEF) says that 50% of the world's population could face water scarcity by 2025, while nearly 700 million people could be displaced by intense water dearth by 2030.

In this era of environmental concerns and increased water usage, smart water management is a new concept that can inspire sustainable water use. By leveraging IoT, AI, and ML, smart systems can paradigm shift how the world monitors and conserves water resources.

Smart Water Management Project by the International Water Resources Association, WaterSMART Initiative (WSI) in the U.S., Water Management Digitalisation model by the European Commission have all struck a node in fetching the benefits of technology in water administration.

If rightly implemented, sensor-based water management technology can be a winner in highly water-scarce areas, particularly in the Middle East and African regions, affected by the collapse and desperation of water liability.

Studies have been conducted in Saudi Arabia, UAE, South Africa, and many other places on how IoT-Based Smart Water Management Systems can be a worthwhile addition to the water-saving measures in the region.

The smart concept has the strength to diversify demand management, water quality control, and efficient irrigation, all of which will aid in ensuring a more personalized approach to water conservation. As we move forward in this transforming world, the amalgamation of technology and water management paves a unique pathway to develop a water-wise society.

The Future is Smart: Exploring the Benefits of Smart Water Management
June 15, 2023
The Future is Smart: Exploring the Benefits of Smart Water Management
Water scarcity affects over a billion people globally. Providing access to clean, safe water is a top priority for policymakers, businesses, and communities. However, with the increasing demand for water, aging infrastructure, and climate change, the challenge of managing water resources sustainably has become more complex. Fortunately, advancements in technology have provided solutions to help manage water resources efficiently and sustainably. One such technology is Smart Water Management (SWM). SWM is the integration of devices, sensors, and software that enables the automation and control of water systems to improve water management.

Improved Efficiency and Cost Savings:
SWM uses real-time data and analytics to monitor water usage, detect leaks, and optimize usage. This enables businesses to identify areas where water consumption is high and implement measures to reduce it. For instance, irrigation systems can be set to only operate when there is a need, reducing the amount of water used. This leads to reduced water bills and a decrease in operational costs.

Enhanced Water Quality and Environmental Sustainability:
Smart Water Management systems enable businesses to monitor the quality of water in real-time. This ensures that the water used is of high quality and eliminates the need for expensive testing. SWM systems also allow businesses to manage their environmental impacts, such as cyanobacteria blooms, which can cause harm to aquatic life.

Improved Compliance:
The regulatory landscape surrounding water management is becoming more stringent. Smart Water Management systems help businesses comply with regulations by providing continuous monitoring and reporting. This ensures that businesses meet water quality standards and avoid penalties for non-compliance.

Increased Resilience:
Climate change has increased the frequency and intensity of natural disasters, such as droughts and floods, which can disrupt water supply chains. Smart Water Management systems help businesses to manage these challenges by providing real-time data that enables them to identify vulnerabilities and enact protective measures.

Health and Safety Improvements:
Smart Water Management systems help businesses to manage Legionella outbreaks by monitoring water quality and temperature. This reduces the risk of disease transmission and helps businesses to maintain a safe working environment.

Smart Water Management is transforming the way industries manage water resources. It provides businesses with the tools they need to enhance their efficiency, reduce costs, and improve their environmental impact. As the regulatory landscape surrounding water management becomes more complex, businesses that adopt SWM are better positioned to comply with regulations and mitigate risks. It is no surprise that the adoption of Smart Water Management is increasing, and it is expected to grow significantly over the next few years. The future of water management is SMART!

Frequently Asked Questions
  1. How big is the Smart Water Management Market?
    Ans. The Global Smart Water Management Market size was estimated at USD 16.80 billion in 2023 and expected to reach USD 18.62 billion in 2024.
  2. What is the Smart Water Management Market growth?
    Ans. The Global Smart Water Management Market to grow USD 37.02 billion by 2030, at a CAGR of 11.94%
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