The new report titled ‘Global Smart Water Management Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Smart Water Management market outlook over the forecast duration (2023-2032). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Smart Water Management market.
Smart water management refers to the integration of advanced technologies, data analytics, and real-time monitoring systems to optimize water distribution, reduce water losses, and enhance water conservation. To provide statistical insights, the World Health Organization (WHO) estimates that by 2025, half of the world’s population will be living in water-stressed areas. Additionally, the U.S. Environmental Protection Agency (EPA) states that approximately 240,000 water main breaks occur annually in the United States, leading to significant water losses. These statistics highlight the urgent need for effective water management solutions and underline the potential market opportunities for smart water management technologies.
According to the most recent analysis by Emergen Research, the size of the global smart water management (SWM) market is anticipated to reach USD 39.33 billion in 2032 and to exhibit a consistent revenue CAGR of 10.1% throughout the course of the projected year. The adoption of smart water management solutions is driven by the growing demand for sustainable water management practices, increasing urbanization, and the need to address aging water infrastructure.
One of the primary drivers behind the growth of the smart water management market is the escalating global water scarcity. Rapid population growth, urbanization, and climate change have led to increased water demand, putting strain on water resources. Smart water management solutions offer a comprehensive approach to tackle these challenges by enabling efficient water distribution, leakage detection, and conservation measures. Governments and water utilities are increasingly investing in smart water management technologies to address water scarcity and ensure the sustainable use of this vital resource.
The rising urbanization is also fueling the demand for smart water management solutions. As cities expand, the need for efficient water management becomes paramount. Smart water technologies, such as advanced metering infrastructure (AMI), remote sensing, and real-time data analytics, provide insights into water consumption patterns, enable proactive leak detection, and allow for effective demand forecasting. These technologies empower water utilities and municipalities to optimize water distribution networks, reduce non-revenue water (NRW), and improve overall operational efficiency.
However, the smart water management market faces certain restraints. One of the key challenges is the high upfront cost of implementing smart water solutions. The deployment of sensors, data collection infrastructure, and analytics platforms requires significant investment. Moreover, the integration of smart technologies with existing water infrastructure can be complex and time-consuming. The cost factor and the need for careful planning and coordination can hinder the adoption of smart water management solutions, especially in regions with limited financial resources.
Several growth factors are expected to drive the smart water management market in the coming years. Firstly, the increasing focus on sustainability and environmental conservation is promoting the adoption of smart water solutions. Water scarcity, climate change, and the need to minimize environmental impact are driving governments and organizations to implement innovative technologies for efficient water management. Smart water management enables proactive monitoring, leakage detection, and real-time decision-making, leading to optimized water usage and reduced environmental footprint.
Furthermore, government regulations and initiatives are playing a significant role in driving the adoption of smart water management solutions. Governments worldwide are implementing stringent water conservation policies and setting targets for reducing water losses. For instance, the European Union’s Water Framework Directive and the United States’ WaterSense program promote sustainable water management practices. These regulations create a favorable market environment and encourage the implementation of smart water technologies.
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The latest research report serves as a perfect example of the precise analysis of the global Smart Water Management market. It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact of the COVID-19 pandemic on the worldwide Smart Water Management industry. The globally-disrupting incidence has impacted nearly every aspect of this business domain. However, the latest study expounds on the present market scenario and forecasts the pandemic’s aftermath, with respect to this industry. Furthermore, the major aspects of the market have been discussed in the report, with expert opinions on the current status of the market.
Global Smart Water Management Market Report – Table of Contents:
- Chapter 1 includes the global Smart Water Management market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 broadly categorizes the Smart Water Management market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapter 3 elaborates on the competitive outlook of the Smart Water Management market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 exhaustively studies the key manufacturers of the Smart Water Management industry, along with their anticipated sales and revenue shares.
- Chapters 5 includes market segmentation based on product type, application range, and market players.
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The global Smart Water Management market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Smart Water Management market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Leading companies profiled in the report:
ABB, IBM, Honeywell Elster, Siemens, Itron, Schneider Electric, SUEZ, Oracle, Landis+Gyr, and SENSUS
Global Smart Water Management Market Segmentation:
Offering Outlook (Revenue, USD Billion; 2018–2028)
- Professional Services
- Managed Services
- Distribution Network Monitoring
- Meter Data Management
- Asset Management
- Supervisory Control and Data Acquisition (SCADA)
- Smart Irrigation Management
- Water Meters
- AMI Meters
- AMR Meters
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Commercial & Industrial
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2023
- Estimated Year: 2032
- Forecast Years: 2023-2032
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- 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.
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