Smart Water Management Market

Smart Water Management Market Size, Trends, Growth, and Opportunities to 2028

Over the course of the projection period, the smart water management market is anticipated to increase from USD 16.6 billion in 2023 to USD 28.2 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 11.3%. The rising challenge of water scarcity and a growing need for effective water resource management will drive the smart water management market.

The Smart Water Management market is poised for substantial growth in the coming years, driven by several key factors:

  • Rising Demand for Water Conservation
  • Advancements in IoT and AI Technologies
  • Increasing Need for Efficient Water Management
  • Government Regulations and Initiatives
  • Growth in Smart City Projects

These growth factors highlight the dynamic and evolving nature of the Smart Water Management market, driven by the need for advanced, efficient, and sustainable water management solutions.

To know about the assumptions considered for the study download the pdf brochure

Rising Demand for Water Conservation:

  • Water Scarcity: Increasing water scarcity drives the need for efficient water management solutions.
  • Sustainability Goals: Focus on sustainability and conservation efforts to preserve water resources.

Advancements in IoT and AI Technologies:

  • Real-time Monitoring: IoT devices enable real-time monitoring of water usage and quality.
  • Predictive Analytics: AI-driven predictive analytics optimize water management and leak detection.

Increasing Need for Efficient Water Management:

  • Operational Efficiency: Smart water management solutions enhance operational efficiency in water distribution.
  • Cost Reduction: Reduction in operational costs through advanced water management technologies.

Government Regulations and Initiatives:

  • Regulatory Compliance: Compliance with government regulations regarding water usage and quality.
  • Initiatives and Funding: Government initiatives and funding for smart water management projects.

Growth in Smart City Projects:

  • Urbanization: Increasing urbanization drives the need for smart water management solutions in cities.
  • Integration with Smart Infrastructure: Integration of water management systems with other smart city infrastructure.

Smart Water Management Market Share - Global Industry Landscape

The Smart Water Management market is characterized by the presence of several key players competing for market share. Some of the leading companies in the Smart Water Management industry include:

  • IBM (US)
  • ABB (Switzerland)
  • Honeywell Elster (US)
  • Schneider Electric (France)
  • Itron (US)

These companies are influential in the Smart Water Management market, offering diverse solutions that enhance efficiency, conservation, and management of water resources.

IBM (US)

Market Share: IBM is a significant player in the Smart Water Management market, known for its advanced analytics and IoT solutions.

Key Offerings:

  • IBM Intelligent Water: A comprehensive solution for real-time monitoring and management of water systems.
  • IBM Environmental Intelligence Suite: An AI-driven platform for environmental and operational insights.

ABB (Switzerland)

Market Share: ABB holds a strong position in the Smart Water Management market, leveraging its expertise in automation and electrification.

Key Offerings:

  • ABB Ability™: A suite of digital solutions for water management and monitoring.
  • Measurement and Analytics: Advanced measurement and analytics solutions for water systems.

Honeywell Elster (US)

Market Share: Honeywell Elster is a major player in the Smart Water Management market, recognized for its metering and smart grid solutions.

Key Offerings:

  • Elster Water Meters: Accurate and reliable water metering solutions.
  • Advanced Metering Infrastructure (AMI): A platform for advanced metering and data management.

Schneider Electric (France)

Market Share: Schneider Electric is a leading provider in the Smart Water Management market, known for its comprehensive energy and automation solutions.

Key Offerings:

  • EcoStruxure™: A platform for water and wastewater management that enhances efficiency and sustainability.
  • SCADA and Telemetry Systems: Solutions for monitoring and controlling water distribution systems.

Itron (US)

Market Share: Itron is a leading provider in the Smart Water Management market, known for its advanced metering and data management solutions.

Key Offerings:

  • OpenWay Riva™: A platform for smart water metering and data analytics.
  • Water Operations Management: Solutions for optimizing water operations and resource management.

Related Reports:

Smart Water Management Market by Water Meter (AMR, AMI), Solution (Enterprise Asset Management, Network Management, Smart Irrigation), Service (Professional, Managed), End User (Residential, Commercial, Industrial) and Region - Global Forecast to 2028

Smart Water Management Market Size,  Share & Growth Report
Report Code
TC 3450
RI Published ON
9/27/2023
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status