PUBLISHER: IMARC | PRODUCT CODE: 1541786
PUBLISHER: IMARC | PRODUCT CODE: 1541786
Smart Water Management Market Report by Component (Devices, Software Solutions, Services), Application (Residential, Commercial and Industrial), and Region 2024-2032
The global smart water management market size reached US$ 17.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 43.5 Billion by 2032, exhibiting a growth rate (CAGR) of 10.1% during 2024-2032.
Smart water management (SWM) refers to an information and communication technology (ICT) solution that collects, shares and analyzes real-time data from water networks. It uses digital meters, sensors, supervisory control and data acquisition (SCADA) systems and geographic information system (GIS) to communicate and interact with wastewater systems. They detect leaks, minimize energy usage, conserve water, predict equipment failure and ensure regulatory compliance. SWM systems are also integrated with advanced pressure management, advanced analytics, meter data management, residential water efficiency and smart irrigation management systems for enhanced operational efficiency.
The increasing demand for efficient wastewater management solutions across the globe represents one of the key factors driving the growth of the market. With the increasing pollution, scarcity of water and climate volatility, there is a rising requirement for freshwater supplies to meet the needs of the growing population. In line with this, the increasing undertaking of smart city initiatives, especially in the developing countries, is also contributing to the market growth. Furthermore, various technological advancements, such as the integration of connected devices with cloud computing and the Internet of Things (IoT) solutions, are acting as other growth-inducing factors. These solutions offer remote monitoring, detection of leaks and improved network visibility and irrigation management. Service providers are also developing two-way communication systems for time-based synchronized meter readings and remote valve shut-off facilities. Other factors, including the implementation of favorable government policies to promote sustainable development, along with rapid upgradation of the existing water infrastructure, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart water management market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on component and application.
Breakup by Component:
Devices
Advanced Water Meters
Meter Read Technology
Software Solutions
Asset Management
Distribution Network Monitoring
Supervisory Control and Data Acquisition (SCADA)
Meter Data Management (MDM)
Advance Analytics
Others
Services
Managed Services
Professional Services
Breakup by Application:
Residential
Commercial and Industrial
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Arad Group, Badger Meter Inc., Engie SA, Honeywell International Inc, Huawei Technologies Co. Ltd., i2O Water Ltd., International Business Machines Corporation, Itron Inc., Oracle Corporation, Schneider Electric SE, TaKaDu Ltd. and Xylem Inc.
Key Questions Answered in This Report:
- How has the global smart water management market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global smart water management market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global smart water management market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Smart Water Management Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Devices
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Advanced Water Meters
- 6.1.2.2 Meter Read Technology
- 6.1.3 Market Forecast
- 6.2 Software Solutions
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Asset Management
- 6.2.2.2 Distribution Network Monitoring
- 6.2.2.3 Supervisory Control and Data Acquisition (SCADA)
- 6.2.2.4 Meter Data Management (MDM)
- 6.2.2.5 Advance Analytics
- 6.2.2.6 Others
- 6.2.3 Market Forecast
- 6.3 Services
- 6.3.1 Market Trends
- 6.3.2 Key Segments
- 6.3.2.1 Managed Services
- 6.3.2.2 Professional Services
- 6.3.3 Market Forecast
7 Market Breakup by Application
- 7.1 Residential
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Commercial and Industrial
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 ABB Ltd.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Arad Group
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 SWOT Analysis
- 13.3.3 Badger Meter Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Engie SA
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Honeywell International Inc
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Huawei Technologies Co. Ltd.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.7 i2O Water Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 International Business Machines Corporation
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Itron Inc.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Oracle Corporation
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 Schneider Electric SE
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.11.4 SWOT Analysis
- 13.3.12 TaKaDu Ltd.
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.13 Xylem Inc.
- 13.3.13.1 Company Overview
- 13.3.13.2 Product Portfolio
- 13.3.13.3 Financials
- 13.3.13.4 SWOT Analysis
- 13.3.1 ABB Ltd.
List of Figures
- Figure 1: Global: Smart Water Management Market: Major Drivers and Challenges
- Figure 2: Global: Smart Water Management Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Smart Water Management Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Smart Water Management Market: Breakup by Component (in %), 2023
- Figure 5: Global: Smart Water Management Market: Breakup by Application (in %), 2023
- Figure 6: Global: Smart Water Management Market: Breakup by Region (in %), 2023
- Figure 7: Global: Smart Water Management (Devices) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Smart Water Management (Devices) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Smart Water Management (Software Solutions) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Smart Water Management (Software Solutions) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Smart Water Management (Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Smart Water Management (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Smart Water Management (Residential) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Smart Water Management (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Smart Water Management (Commercial and Industrial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Smart Water Management (Commercial and Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: North America: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: North America: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: United States: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: United States: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Canada: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Canada: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Asia-Pacific: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Asia-Pacific: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: China: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: China: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Japan: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Japan: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: India: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: India: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: South Korea: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: South Korea: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Australia: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Australia: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Indonesia: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Indonesia: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Others: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Others: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Europe: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Europe: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Germany: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Germany: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: France: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: France: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: United Kingdom: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: United Kingdom: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Italy: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Italy: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Spain: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Spain: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Russia: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Russia: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Others: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Others: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Latin America: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Latin America: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Brazil: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Brazil: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Mexico: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Mexico: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Others: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Others: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Middle East and Africa: Smart Water Management Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Middle East and Africa: Smart Water Management Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Middle East and Africa: Smart Water Management Market: Breakup by Country (in %), 2023
- Figure 66: Global: Smart Water Management Industry: SWOT Analysis
- Figure 67: Global: Smart Water Management Industry: Value Chain Analysis
- Figure 68: Global: Smart Water Management Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Smart Water Management Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Smart Water Management Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Smart Water Management Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Smart Water Management Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Smart Water Management Market: Competitive Structure
- Table 6: Global: Smart Water Management Market: Key Players
