Water Utility Monitoring Systems

Water Utility Monitoring Systems

Global Water Utility Monitoring Systems Market to Reach US$5.1 Billion by 2030

The global market for Water Utility Monitoring Systems estimated at US$4.3 Billion in the year 2023, is expected to reach US$5.1 Billion by 2030, growing at a CAGR of 2.4% over the analysis period 2023-2030. Advanced Metering Infrastructure (AMI) Technology, one of the segments analyzed in the report, is expected to record a 2.8% CAGR and reach US$2.9 Billion by the end of the analysis period. Growth in the Automatic Meter Reading (AMR) Technology segment is estimated at 2.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.2 Billion While China is Forecast to Grow at 4.9% CAGR

The Water Utility Monitoring Systems market in the U.S. is estimated at US$1.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.0 Billion by the year 2030 trailing a CAGR of 4.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.6% and 1.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Water Utility Monitoring Systems - Key Trends and Drivers

A water utility monitoring system is a sophisticated technological solution designed to oversee and optimize the distribution and quality of water within a city`s or region`s water supply network. These systems employ a range of sensors, meters, and data collection devices to provide real-time insights into water flow, pressure, and quality. By continuously gathering and analyzing data, these monitoring systems can identify issues such as leaks, bursts, and contamination early, ensuring a consistent and safe water supply. Additionally, these systems help utilities comply with regulatory standards by maintaining comprehensive records and generating automated reports. The primary objective of a water utility monitoring system is to improve the efficiency of water management, reduce operational costs, and enhance the quality of service provided to consumers.

Increasing demand for water conservation is a significant factor driving market growth, as organizations recognize the need for sustainable water management practices. Regulatory compliance is another critical driver, with stringent government regulations and standards pushing water utilities to invest in monitoring systems to meet these requirements and avoid penalties. Technological advancements, including the integration of IoT, AI, and machine learning, are boosting the capabilities of these systems, making them more efficient and cost-effective. Urbanization and population growth are also putting pressure on existing water infrastructure, necessitating the use of sophisticated monitoring systems to manage increased demand and ensure a reliable supply. Also, many water utility systems have aging infrastructure that requires constant monitoring and maintenance to prevent failures. Significant investments from governments and private entities in upgrading water infrastructure and implementing smart city initiatives are further increasing the demand for these systems. Growing environmental concerns and the need to reduce carbon footprints are driving the adoption of efficient water management systems.

The water utility monitoring systems market is witnessing the integration of IoT and smart technologies, which enable real-time monitoring and data collection for more accurate and efficient water management. Advanced data analytics and AI are being utilized to predict potential issues, optimize operations, and make data-driven decisions for better resource management. There is a growing emphasis on cybersecurity to protect critical infrastructure from cyber threats and ensure the integrity of water supply systems as they become more digitized. The adoption of cloud-based monitoring solutions is on the rise, offering scalable, flexible, and cost-effective options for managing monitoring systems and data. The development of smart water grids, which incorporate various monitoring and control technologies, is gaining momentum, providing enhanced efficiency and reliability in water distribution and management. Predictive maintenance, powered by data analytics and AI, is becoming a key trend, helping utilities anticipate and address issues before they become significant problems, thereby reducing downtime and maintenance costs. Customer-centric solutions, such as smart meters and customer portals, are being developed to allow consumers to monitor their water usage and participate in water conservation efforts. The adoption of sustainable and environmentally friendly technologies is on the rise, with water utilities striving to reduce their environmental impact and promote sustainable water management practices.

Select Competitors (Total 46 Featured) -

• Badger Meter, Inc.
• CGI, Inc.
• Connected Sensors
• Endress+Hauser AG
• Esri Global, Inc.
• Hanwell Solutions Ltd.
• Hubbell, Inc.
• Itron, Inc.
• Landis+Gyr AG
• Lumel SA
• Novatek International
• Unisense A/S
• Wellaware Holdings, Inc.
• Woodfield Systems International
• Xylem, Inc.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.