Smart Water Management Market - Trends Forecast Till 2028

Market Overview

Global Smart water management market is expected to witness market growth at a rate of 19.90% in the forecast period of 2021 to 2028.

Smart water management is a technology used to collect, share, and analyse data from water equipment and water networks. Water managers use it to find leaks, reduce energy usage, conserve water, predict equipment failure, and ensure regulatory compliance

The worldwide demand for water, as a result of the growing population, increasing urbanization, and the need to address the cost implications of maintaining an aging infrastructure are some of the factors that have supported long-term expansion for Smart Water Management Market.

The COVID-19 pandemic has forced governments globally to think of measures to scale up the adoption of water-efficient technologies and introduce better water management practices since the spread of coronavirus has profoundly impacted the water industry.

Regional Analysis

Asia Pacific is Expected to Register Fastest Growth. The Asia Pacific region is home to more than 2.1 billion urban residents, with over two-thirds estimated to be living in cities by 2050. The region comprises countries with substantial non-revenue water (NRW) losses, like India (with almost 60% of revenue losses from the total water distributed) and Singapore.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• IBM
• Siemens
• Schneider Electric
• Honeywell.

Recent Developments

• June 2021 - Mueller Water Products, Inc. announced the acquisition of i2O Water Ltd. to enhance its ability to accelerate its software offerings. Additionally, Mueller plans to introduce i2O’s products and solutions in North America, where i2O currently has no presence.
• March 2021 - SUEZ and Schneider Electric established a joint venture to strengthen their position in developing innovative digital water solutions. This joint venture would support municipal water operators and industrial players in accelerating their digital transformations by providing a unique range of software solutions for planning, maintenance, operation, and optimization of water treatment infrastructure.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Smart Water Management Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope