IoT in Water Utility Market

IoT in Water Utility Market

Global IoT in Water Utility Market By Product Type (Device, Gateways), By Application (Commercial, Residential), And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2023 To 2033

The global IoT in Water Utility market size was valued at $10.70 Million in 2023 growing at the CAGR of 20.38% from 2023 to 2033. This growth is attributed to several macro and microeconomic factors such as

Increasing Adoption Of Smart Water Metering

The IoT in the water utility market is growing rapidly due to the increasing adoption of smart water metering. This technology allows utilities to automatically meter water usage and bill customers based on their consumption. This is a major advantage over traditional metering methods, which can be inaccurate and require manual reading and billing. Smart water metering also provides customers with more transparency and control over their water usage, which can help them to save money. The need for reducing water losses and non-revenue water is driving market growth. The demand for effective water management is also increasing, which is further driving the market growth.
The Need For Better Management Of Water Resources
Further several factors restraining the market growth include
Lack Of Infrastructure And Connectivity
Many water utilities are located in remote areas, making it difficult to implement and maintain IoT devices and systems. In addition, some water utilities may not have the necessary infrastructure in place to support IoT devices, such as reliable internet connectivity or updated equipment. This lack of infrastructure and connectivity can create challenges for water utilities to effectively implement IoT technologies to improve their operations and services. Without proper infrastructure and connectivity, IoT devices may not function as intended, leading to inefficiencies and potential failures. Therefore, addressing the infrastructure and connectivity challenges is crucial for the growth and success of IoT in the water utility market. Water utilities need to invest in the necessary infrastructure and connectivity to support IoT devices and systems, which can help improve their operations and services, reduce costs, and increase efficiency.
Collaborations and Alliances in the IoT in Water Utility market is expected to generate higher avenues during the forecast period.
In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the IoT in Water Utility market. The pandemic has caused a decline in new orders and a corresponding decrease in production.
This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for Document Readerss.
In terms of COVID 19 impact, the IoT in Water Utility market report also includes the following data points:
Impact on IoT in Water Utility market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Government Policies
Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in IoT in Water Utility market
Key Insight in the report:
The global IoT in Water Utility market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which includes the following data points:
Business Overview
Business Segment Data
Financial Data
Product Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis
IoT in Water Utility Market Segmentation:
Type
Device
Gateways
Application
Commercial
Residential

Region/ Countries Covered:

North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Rest of the World
South America
Middle East & Africa

Key Players Analyzed in the Report:

IBM
Oracle
Verizon
Cisco
Telit
Landis Gyr
Itron
Schneider Electric
Huawei
Trimble

Parameters Indicators

Market Size 2033: USD 42.23 Billion
CAGR 20.38% CAGR (2023-2033)
Base year 2022
Forecast Period 2023-2033
Historical Data 2021

Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Key Segmentations Product Type, Application
Geographies Covered North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors IBM, Oracle, Verizon, Cisco, Telit, Landis Gyr, Itron, Schneider Electric, Huawei, Trimble

Key Market Opportunities IoT industry growth

Utility sector growth
The technology Penetration rate in Utility Sector
Key Market Drivers The need for better management of water resources
Increasing adoption of smart water metering

REPORT CONTENT:

High-level analysis of the current and future market trends and opportunities
Detailed analysis on current market drivers, restraining factors, and opportunities in the future
IoT in Water Utility market estimates for 2023 and forecast from 2023 to 2033
Vendor market share analysis at each product level
Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.

Target Audience

Manufacturers
Suppliers and traders
Government, associations, and industrial bodies
Investors and trade experts
Consulting Firms or Individual Consultant
Anyone interested in understanding the industry dynamics of the IoT in Water Utility market