Global Smart Water Management (SWM) Market by Component (Services, Solutions, Devices), by Technology (Fixed Network, Cellular) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2013, the global smart water management market was valued at USD 5.87 million. The industry's growth is expected to be influenced by rising energy risks, increasing scarcity, climate volatility, rising quality issues, and rising energy risk. Favorable regulatory initiatives are also a major driver of the demand for SMW.

North America smart water management market, component by component, 2012-2020 (USD Million).

The future of water management will be crucial. There are many factors that impact the supply of freshwater to the growing population. Smart water management is expected to grow because of rising water stress due to increased demand, pollution and uneven resources.

Technological advancement and the integration of mobile technology and water point monitoring offer opportunities to remove existing scalar restrictions and adopt new models for supply planning. The integration of mobile technology allows for remote monitoring of pumps and the detection of leakages or malfunctions. However, the lack of awareness regarding such methods for improving efficiency could pose a problem to smart water management market growth.

Two-way communication is becoming more popular with buyers. This is due to the many benefits such as system monitoring and control and time-based synchronized meters readings. These advanced two-way systems also allow users to integrate with third-party devices like pressure, security and quality sensors, as well as remote shutoff valves. SWM market growth will be further fueled by the increasing demand for clean supplies and sanitation due to rapid urbanization.

Remote sensing technologies, along with GIS and GPS, as well as satellite radio communication systems, allow for the identification of freshwater resources and analysis of environmental issues. Smart metering, which is rapidly being implemented in the industrial sector, offers unprecedented opportunities to manage usage and allocation efficiently as well as address operational inefficiencies in developing areas.

Component Insights

There are three main categories in the smart water management market: solutions, devices, and services. In 2013, the device segment was the largest and most dominant. They are expected to continue to lead the market over the next few decades. Further, devices can be classified as cellular or fixed network technology. Over the next six-years, cellular technology is expected to experience a significant growth. Fixed network technology will continue to dominate the sector.

The development of integrated mobile technology allows for remote monitoring of pumps and the detection of malfunctions quickly. The operational benefits of meter reading technology include faster leak detection, efficient demand managing, and network visibility. SWM market solutions include meter data management and enterprise asset management, SCADA pressure management modules, irrigation management and distribution network monitoring systems with advanced support analytics.

Regional Insights

The Asia Pacific smart water management market will be the fastest growing regional industry in the coming years. This growth can be attributed both to increased scarcity in the region as well as capital investments that have positively impacted regional industry growth. By 2020, the regional market will be worth more than USD 3.5 billion.

Due to its demonstration sites, financial incentives, and incubation facilities, North America is expected to be the leader in SWM demand. The regulatory authorities focus on implementing standards and codes and setting leakage reduction targets. Regional industry growth will also be accelerated by the emergence of numerous regulatory requirements such as California Water Conservation Act.

Market Share Insights & Key Companies

ABB Ltd., Aclara and Badger Meter are the key players in smart water management. Tata Consultancy Services and Siemens AG. Increasing numbers of international businesses have led to increased competition and high initial investments. Companies are increasingly focusing on acquisitions and partnerships.

SWM systems are being implemented by companies in a variety of industries to reduce risks, meet stricter regulations and manage rising resource costs. It allows companies to meet regulatory and budgetary requirements and ensures business sustainability.

Smart Water Management (SWM), Market Report Scope

These are the most frequently asked questions about this report

b. Global smart water management market was valued at USD 15.3 Billion in 2019, and is projected to grow to USD 17.7 Billion by 2020.

b. Global smart water management market will grow at a compound annual rate of 16.9% between 2014 and 2020, reaching USD 17.7 billion in 2020.

b. With a 33.1% share in 2019, North America was the dominant market for smart water management. This can be attributed to financial incentives, demonstration sites, and incubation facilities.

b. ABB Ltd., Aclara and Badger Meter are some of the key players in smart water management. Siemens AG and Tata Consultancy Services.

b. Market growth is driven by increasing scarcity, quality issues and climate volatility.

Up Market Research published a new report titled “Smart Water Management (SWM) Market research report which is segmented by Component (Services, Solutions, Devices), by Technology (Fixed Network, Cellular), By Players/Companies Badger Meter, Tata Consultancy Services, HydroPoint Data Systems Inc, Aclara, Sensus Siemens AG, Mueller Systems, General Electric (GE), ABB Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Smart Water Management (SWM) Market Report Segments:

The market is segmented by Component (Services, Solutions, Devices), by Technology (Fixed Network, Cellular).

Smart Water Management (SWM) Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Smart Water Management (SWM) Market

Overview of the regional outlook of the Smart Water Management (SWM) Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Smart Water Management (SWM) Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Smart Water Management (SWM) Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Services

                2. Solutions

                3. Devices

                1. Fixed Network

                2. Cellular

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Smart Water Management (SWM) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Smart Water Management (SWM) Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.