Smart Water Management Market 2024-2028
The smart water management market is forecasted to grow by USD 20957.8 mn during 2023-2028, accelerating at a CAGR of 16.8% during the forecast period. The report on the smart water management market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for smart water management in agriculture sector, increasing global water scarcity, and technological advancements in water management solutions.
Technavio's smart water management market is segmented as below:
- By End-user
- Commercial and industrial
- Residential
- By Product
- Solutions
- Hardware
- Services
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the smart water management using iot as one of the prime reasons driving the smart water management market growth during the next few years. Also, high investment in technology upgradation of water management solutions and collaboration and partnership among vendors will lead to sizable demand in the market.
The report on the smart water management market covers the following areas:
- Smart Water Management Market sizing
- Smart Water Management Market forecast
- Smart Water Management Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart water management market vendors that include ABB Ltd., Aquamatix Ltd., Badger Meter Inc., Cisco Systems Inc., General Electric Co., Honeywell International Inc., HydroPoint Data Systems Inc., International Business Machines Corp., Itron Inc., Landis Gyr AG, Oracle Corp., Schneider Electric SE, Siemens AG, SUEZ SA, and TAKADU LTD. Also, the smart water management market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.