Smart Water Management Market, By Offering (Solutions and Services), By Technology (IoT, AI, Big Data & Analytics, Cloud Computing, and Others), By End User (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Europe, Asi

Smart Water Management Market, By Offering (Solutions and Services), By Technology (IoT, AI, Big Data & Analytics, Cloud Computing, and Others), By End User (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

The global smart water management market is witnessing significant growth owing to growing need for water conservation and optimization of resources. Smart water management involves integration of advanced technologies and data analytics to monitor water usage, detect leakages, automate processes and enable better demand management. Rising concerns regarding water scarcity across regions has accelerated the adoption of smart water infrastructure that helps utilities reduce non-revenue water losses, achieve operational efficiencies and enhance customer services. Growing urbanization, increasing focus on upgrading aging infrastructure, and government initiatives promoting water sustainability are some of the key factors expected to drive the smart water management industry in coming years.

Market Dynamics:

The global smart water management market growth is driven by factors such as growing concerns regarding water scarcity due to rapid urbanization and climate change, increasing focus on upgrading aging water infrastructure, and stringent regulatory policies and standards pertaining to water quality and conservation. Moreover, rising adoption of IoT-based water management solutions that enable utilities to achieve operational efficiencies through remote monitoring and data analytics is augmenting the market growth. However, high initial costs associated with deployment of advanced meters and communications infrastructure is a major factor expected to restrain the market expansion. On the other hand, ongoing research & development in the area of sensor technologies, IoT, and AI/ML based applications present significant growth opportunities for market players. Rising focus of utilities on reducing non-revenue water and improving customer services through digitalization of processes will further create new revenue pockets in coming years.

Key features of the study:

• This report provides in-depth analysis of the global smart water management market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook and competitive strategies adopted by key players
• It profiles key players in the global smart water management market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include ABB Ltd., Honeywell International Inc., IBM Corporation, Itron, Inc., Schneider Electric SE, Siemens AG, SUEZ Group, Badger Meter, Hydropoint, Oracle Corporation, Trimble Inc., Arad Group, Elster Group SE, Sensus, and Takadu
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global smart water management market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart water management market.

Detailed Segmentation:

• By Offering
• Solutions
• Services
• By Technology
• IoT
• AI
• Big Data & Analytics
• Cloud Computing
• Others
• By End User
• Residential
• Commercial
• Industrial
• By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• Key Players Insights
• ABB Ltd.
• Honeywell International Inc.
• IBM Corporation
• Itron, Inc.
• Schneider Electric SE
• Siemens AG
• SUEZ Group
• Badger Meter
• Hydropoint
• Oracle Corporation
• Trimble Inc.
• Arad Group
• Elster Group SE
• Sensus
• Takadu