The global smart water management market size is expected to reach USD 18.90
Billion in 2028 and register a steady CAGR over the forecast period, according
to latest analysis by Emergen Research. The demand for fresh, clean water for
drinking and other domestic and business uses is on the rise, which is causing
an increase in initiatives to implement sustainable water management systems.
In many developing nations, the use of smart water management solutions is on
the rise due to the decreasing supply of accessible, affordable, and clean
water and the improvement of sewerage treatment and processing services.
The
implementation of Internet of Things (IoT) technology to monitor
infrastructure, water resources, and the environment is expanding, which is
boosting demand for related products and the growth of the smart water
management market. IoT sensors with higher performance and lower cost are
becoming more widely available, which is helping to fuel the growth in demand
for smart water management systems. With regard to enhancing water conservation,
repairing and replacing ageing infrastructure, responding better to climate
change and extreme weather events, and protecting the environment and public
health, smart water management technologies offer a number of advantages.
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The report projects the market is anticipated to
grow at a significant rate owing to rapid advancements and technological
developments in the sector. The report offers strategic recommendations to
businesses and investors to capitalize on the lucrative growth opportunities.
The report further provides a comprehensive analysis of the competitive
landscape and provides complete coverage with regard to company profiles,
product portfolio, revenue generation, financial standing, and market position.
It also covers mergers and acquisitions, joint ventures, product launches,
brand promotions, collaborations, agreements, and partnerships, among others.
Some major companies in the global market report include ABB, IBM, Honeywell
Elster, Siemens, Itron, Schneider Electric, SUEZ, Oracle, Landis+Gyr, and
SENSUS.
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Regional
Analysis:
The report further examines the market in the key regions of the world
with regard to production and consumption patterns, import/export, supply and
demand ratio, revenue generation, market share and size, and presence of
prominent players in the regions. The report also covers the expansion plans
undertaken by companies in the regions under the regional analysis section.
Key regions
in the market include:
North
America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin
America
Chile
Brazil
Argentina
Rest of Latin America
Middle East
& Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Report
Highlights:
The report conducts a comparative assessment of the leading market
players participating in the global Smart Water Management market.
The report marks the notable developments that have recently taken place
in the Smart Water Management industry
It details on the strategic initiatives undertaken by the market
competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as
well as the essential elements of the Smart Water Management market value
chain.
The repot further jots down the major growth prospects for the emerging
market players in the leading regions of the market.
Emergen Research has segmented the global smart water management market
on the basis of offering, end-use, and region:
Offering Outlook (Revenue, USD Billion; 2018–2028)
Service
Professional Services
Managed Services
Solution
Distribution Network Monitoring
Meter Data Management
Asset Management
Supervisory Control and Data Acquisition (SCADA)
Analytics
Smart Irrigation Management
Others
Water Meters
AMI Meters
AMR Meters
End-use Outlook (Revenue, USD Billion; 2018–2028)
Residential
Commercial & Industrial
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