[182 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 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.

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

• 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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

• 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]

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.

The report delves into recent significant developments in the Smart Water Management Market, highlighting leading vendors and their innovative profiles. These include Atos SE, Kemira Oyj, GHD Group Pty Ltd., Solenis LLC, Buckman Laboratories International, Inc., i2O Water Ltd., Aquatech International LLC, Robustel, Huawei Technologies Co., Ltd., WaterGroup Companies, Inc., WSP Global Inc., Itron, Inc., Honeywell International Inc., Siemens AG, HydroPoint, Kamstrup A/S, General Electric Company, AquamatiX Limited, Trimble Inc., Subeca Inc., Efftronics Systems Pvt. Ltd., Xenius, Badger Meter, Inc., SUEZ SA, ABB Ltd., Landis+Gyr AG, Neptune Technology Group Inc., Hitachi, Ltd., NEOM Company, Schneider Electric SE, Aqua Analytics, Arad Group, Veolia Environnement SA, Pentair PLC, Xylem Inc., UtiliOS, Yokogawa Electric Corporation, Endress+Hauser Group Services AG, and Ecolab Inc..

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

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.

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?