Global Digital Water Incumbents: Top Company Strategies and Rankings

Bluefield Research's ongoing analysis of over 1,600 digital water companies, globally, highlights a wide range of firms that vary in size, offerings, and strategies. While many firms claim to present comprehensive solutions for utilities, the landscape is largely dominated by a handful of key industry incumbents that are shaped by higher revenues, M&A, strategic partnerships, and geographic expansion.

Bluefield has identified key players across five primary digital water sectors: metering, network remote monitoring, SCADA, asset management, and diversified solutions that have established comprehensive digital water portfolios. Some have grown through strategic acquisitions, while others have developed offerings in-house, leveraging their existing expertise.

This analysis of 20 companies that generated US$6.7 billion in revenue in 2023 represents approximately 22% of global utility digital water spend. They have grown through almost 100 M&A deals over the last eight years, with half targeting software companies. Their partnerships with major tech firms and investments in emerging technologies underscore their role in driving industry innovation.

This report analyzes each company's market position, geographic reach, and growth strategies. It includes detailed profiles examining business models and the impact of significant product launches, partnerships, and M&A activities, providing insight into the digital water industry's competitive landscape.