Smart Water Management Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2028

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Smart Water Management Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2028

August 13
19:30 2021
Smart Water Management Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2028
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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.

Steady market revenue growth can be attributed to increasing initiatives to deploy sustainable water management solutions due to rising demand for fresh and safe water for consumption and other household and commercial purposes. Decrease the availability of affordable, safe, and clean water and more efficient sewerage treatment and processing services is driving rising utilization of smart water management solutions in various developing countries.

The report also examines the impact of the key factors that influence the growth of the industry. This includes the current COVID-19 pandemic and its subsequent effects on the workings of the industry. The report examines the impact of the pandemic on the supply chain of the globe along with the impact on the economic landscape of the market. The report also offers a comprehensive assessment of the current and future impact of the pandemic on the overall Smart Water Management market.

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Some Key Highlights From the Report

  • Solution segment accounted for largest revenue share in 2020. Rising adoption of real-time predictive maintenance and conditioning monitoring of assets is expected to drive growth of the solutions segment.
  • Residential segment revenue is expected to expand at a rapid CAGR during the forecast period. The launch of advanced sensor-based IoT devices and software platforms, which help to reduce water consumption and manage water leaks in residential buildings by tracking real-time flow are expected to boost utilization of smart water management solutions.
  • North America accounted for largest revenue share contribution to the global smart water management market in 2020. Rising awareness regarding the scarcity of freshwater resources is a key contributing factor driving increasing implementation of smart water management solutions across residential, commercial, and industrial sectors in countries in the region.
  • Major players in the market include ABB, IBM, Honeywell Elster, Siemens, Itron, Schneider Electric, SUEZ, Oracle, Landis+Gyr, and SENSUS.

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
  1. Professional Services
  2. Managed Services
  • Solution
  1. Distribution Network Monitoring
  2. Meter Data Management
  3. Asset Management
  4. Supervisory Control and Data Acquisition (SCADA)
  5. Analytics
  6. Smart Irrigation Management
  7. Others
  • Water Meters
  1. AMI Meters
  2. AMR Meters
  • End-use Outlook (Revenue, USD Billion; 2018–2028)
    • Residential
    • Commercial & Industrial

Key geographical regions analyzed in the report:

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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Key questions addressed in the report:

  • Which are the top regions in the global Smart Water Management market?
  • What are the sales estimates for these regions over the forecast period?
  • What will be the global market size by the end of the projected timeline?
  • What is the anticipated growth rate for each region of the market?

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Smart Water Management Market Segmentation & Impact Analysis
    4.1. Smart Water Management Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Rising demand for water arising from global population
                    4.2.2.2. Ageing water infrastructure
                    4.2.2.3. Increasing need to operate water infrastructure efficiently
                    4.2.2.4. Rising need for sustainable management of urban water systems 
          4.2.3. Market restraints analysis 
                    4.2.3.1. Lack of skilled workforce
                    4.2.3.2. Lack of awareness about smart water management systems
                    4.2.3.3. High capital investment required for infrastructure installation 
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

CONTINUED…!!

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/smart-water-management-market

Thank you for reading our report. To know more about the report, please connect with us, and our team will ensure the report is customized to meet your requirements.

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