Smart Water Management Market

ABB (Switzerland) and IBM (US) are leading players in Smart Water Management Market

The global smart water management market is expected to grow from USD 11.7 billion in 2019 to USD 21.4 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period. Major factors driving the growth of the market include the rising demand for quality water services and need to replace aging water infrastructure, rising digitalization of utilities sector, and government regulations favoring the development of the smart water management market.

Some major players profiled in the report are ABB (Switzerland), Arad Group (Israel), AquamatiX (UK), Badger Meter (US), Honeywell Elster (US), Huawei (China), HydroPoint (US), IBM (US), i2O (UK), Itron(US), Oracle (US), Landis+Gyr (Switzerland), Sensus (US), Schneider Electric (France), Siemens (Germany), Suez (France),  SenzIoT (India), TaKaDu (Israel), Trimble Water (US), and XENIUS (India).

The smart water management market is growing across the globe with key industry players undergoing various organic and inorganic growth strategies. These players have also undergone acquisitions and mergers to grow their product portfolios offering efficient smart water utilities. Water utilities have realized the growing demand to optimize water distribution networks due to a rise in the demand for clean and safe water among people, leading to the growth of the smart water management market.

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

ABB (US) invested in innovative new product developments to cater to the growing requirements in the water industry, along with partnerships and agreements. ABB innovates to develop a strong portfolio of solutions, helping it serve clients across various application areas. The company adopted inorganic growth strategies to grow in the market. For instance, in 2019, ABB partnered with Kemira, a Finnish chemical industry group, to combine Kemira’s expertise in water treatment with ABB’s integrated automation solutions, enabling customers to digitalize their water treatment processes and improve the efficiency of their operations.

IBM (US) leverages its strong portfolio to provide comprehensive Internet of Things (IoT) solutions to integrate with its IBM Intelligent Water platform, along with other technologies. The IBM Intelligent Water is an extensive platform to optimize water operations by providing data insights into the water utility’s infrastructure, assets, and operations. IBM has a strong market presence with its organic strategies development. For instance, in 2019, IBM launched the Maximo Asset Monitor, a new Artificial Intelligence (AI)-powered monitoring solution designed to help maintenance and operations by providing a better understanding of asset conditions and improvement in the performance of high-value physical assets, enabling it to expand market-leading asset management capabilities.

Related Reports:

Smart Water Management Market by Water Meters (AMR & AMI), Solutions (EAM, Network Management, SCADA, Advanced Pressure Management, MDM, Smart Irrigation), Services, End User (Commercial & Industrial, Residential), and Region - Global Forecast to 2024

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
TC 3450
RI Published ON
1/24/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Smart Water Management Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • 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
©2021 MarketsandMarkets Research Private Ltd. All rights reserved