About Smart Water Management
Smart water management represents a comprehensive strategy for the intelligent and responsible management of water resources. By leveraging advanced technologies like the Internet of Things (IoT), sensors, and data analytics, this approach enables the collection and analysis of real-time data from water distribution systems. It encompasses a range of practices, from smart water meters that monitor usage and detect leaks to predictive maintenance of water infrastructure. Through smart water management, utilities and municipalities can enhance the sustainability and resilience of their water supply systems, improve the overall water quality, and reduce water losses. This approach has gained prominence due to increasing water scarcity concerns, the need to modernize aging water infrastructure, and the aspiration to promote efficient water consumption. Furthermore, it plays a crucial role in ensuring the availability of clean and safe water for communities while addressing the challenges of a rapidly changing world.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Billion) |
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality products to cater to the ever-growing demand for Smart water management. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Smart Water Management market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sensus (Xylem)(United States), Itron (United States), Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Badger Meter (United States), Veolia (France), Aclara Technologies(United States), Honeywell International (United States), Mueller Water Products(United States), IBM (United States), AT&T (United States), Oracle (United States) and Trimble (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Aquamatix (United Kingdom), HydroPoint Data Systems (United States), SUEZ (France), Xenius (Greece), Kamstrup (Denmark), TaKaDu (Israel) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Smart Water Management market by , Application (Water Metering, Leak Detection, Pressure Management, Network Monitoring and Management, Smart Irrigation, Wastewater Management and Flood Detection and Prevention) and Region.
On the basis of geography, the market of Smart Water Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Advanced Metering Infrastructure (AMI) will boost the Smart Water Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Smart Water Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Smart Water Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Incorporation of Artificial Intelligence in SWM System and Growing Focus on Waste Water Reuse
Market Growth Drivers:
Growing Water Scarcity Across the World Leading to Need for Effective Water Management Solution and Government Promotion Leads to Rise in Awareness Towards Water Protection
Challenges:
Ensuring Cyber-security and Preventing Potential Harmful Effect and High Capital Investment and Low Return on Investment (ROI)
Restraints:
Budgetary Constraints Limits Adoption and Lack of Expertise to Execute the Services
Opportunities:
Growing Awareness of Protection of Natural Resources and Adoption of Smart Irrigation System in Developing Countries
Key Target Audience
Water and Wastewater Utility Companies, Water Regulatory Authorities, System Integrators, Advanced Water Meter Manufacturers, AMR/AMI System Provider for Utilities, Smart Irrigation Management Solution Providers, Smart algorithms and Statistical Analytical Providers for Water, Telecommunication Service Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.