Smart Water Management Market by Meter Type (AMR Water Meters, AMI Water Meters), by Meter Read Technology (Fixed Technology, Cellular Technology), by Service (Managed Services, Professional Services), by Solution (Supervisory Control & Data Acquisition (SCADA) Systems, Advanced Pressure Management, Advanced Analytics, Network Monitoring, Smart Irrigation Management System, Meter Data Management, Residential Water Efficiency) - Growth, Future Prospects And Competitive Landscape, 2018 – 2026

Rapidly transforming information and communication technology (ICT) to stimulate the demand for smart water management markets

The smart water management market reached a market value of US$ 11.62 billion in 2017, with a massive CAGR of 13.15% from 2018 to 2026. Essentially directed by North America, the smart water management market is chiefly driven by the integration of information and communication technology (ICT) with overall water management processes. ICT is recognized as a strategic enabler in the process of developing innovative solutions to address problems of water scarcity.

In addition, such technologies facilitate the analysis of environmental data that enables climatologists or researchers to build more precise models for weather forecasting in the looming era of climate change. The adoption of Internet of Things (IoT) technologies allows water management companies to reduce operational costs, control water quality, and save water and energy. Such technologies give operators a comprehensive view of the water network's performance in real-time and enable them to efficiently manage their distribution network.

Market Synopsis

Automatic Meter Reading (AMR) Water Meters to Cement Their Dominance in the Smart Water Management Market

AMR water meters automatically collect consumption, diagnostic, and status data and transfer that to a central database for billing, troubleshooting, and analysis. The primary advantage these meters offer is that billing is based on near real-time consumption of water. Real-time data coupled with analysis help both utility providers and consumers better control water consumption. On the other hand, the Automated Metering Infrastructure (AMI) water meters segment is poised to display the fastest gains in the coming years. With advancements in technology, utilities are expected to become more sophisticated in their operations and data analytics. Functions such as pressure testing, leak detection, and hydraulic monitoring, among several others, are carried out more regularly, more quickly, and with higher quality assurance using AMI technology.

Asia Pacific will experience the fastest growth in the global smart water management market.

Presently, North America is the front-runner of the overall smart water management market, followed by Europe and Asia-Pacific, respectively. The smart city concept is rapidly gaining traction in the Asia-Pacific region. Similarly, the urban population of the Asia-Pacific region is growing faster than any other region. It is expected that the urbanization rate in the region will reach 50% in 2026. The water cycle is an important component of urban infrastructure, influencing every pillar of urban life and its functionality. The increasing concentration of people in urban areas usually places stress on water resources, which translates into a growing demand for clean water supplies and adequate sanitation required to ensure human dignity. With the region rapidly moving toward cutting-edge technologies, the adoption of smart water management processes is expected to skyrocket in the coming years.

Key players in the global smart water management market include Honeywell International Inc., ET Water Systems LLC, Schneider Electric SA, i20 Water Ltd., TaKaDu Ltd., International Business Machines Corporation, Arad Metering Technologies, Itron Inc., ABB Ltd., Emerson Electric Corporation, Sensus USA Inc., Evoqua Water Technologies, Siemens AG, Nalco Water, and others.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The smart water management market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global smart water management market based on meter type and meter read technology, solution, service, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of smart water management in 2017 and the forecast up to 2026?
  • Which is the largest regional market for smart water management?
  • What are the key market trends observed in the smart water management market?
  • Which are the most promising meter types, meter read technologies, solutions, and services in the smart water management market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?
  • What are the key application industry trends across different geographies and sub-geographies?

Frequently Asked Questions:

The market for Smart Water Management Market is expected to reach US$ 11.62 Bn by 2026.

The Smart Water Management Market is expected to see significant CAGR growth over the coming years, at 13.15%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Honeywell International Inc., ET Water Systems LLC, Schneider Electric SA, i20 Water Ltd., TaKaDu Ltd., International Business Machines Corporation, Arad Metering Technologies, Itron Inc., ABB Ltd., Emerson Electric Corporation are some of the major players in the global market.

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Published Date:  Mar 2019
Category:  Technology & Media
Report ID:   59601
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
Delivery Time: 24 Hours to 48 Hours   
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