Smart Water Management Market by Type, Water Meter, End User

List of Tables

The Smart Water Management Market was valued at USD 16.80 billion in 2023, expected to reach USD 18.62 billion in 2024, and is projected to grow at a CAGR of 11.94%, to USD 37.02 billion by 2030.

Smart Water Management (SWM) encompasses advanced technologies and processes that improve water management efficiency, conservation, and distribution. Utilizing the Internet of Things (IoT), artificial intelligence, and data analytics, SWM delivers intelligent, real-time solutions for urban water management challenges. The necessity for SWM arises from growing water scarcity, climate change, urbanization, and aging infrastructure, which require smarter solutions to ensure sustainability and reliability. Applications span across urban planning, agricultural irrigation, utilities management, and industrial processes, with end-use sectors including municipalities, residential consumers, businesses, and agricultural entities.

KEY MARKET STATISTICS
Base Year [2023]	USD 16.80 billion
Estimated Year [2024]	USD 18.62 billion
Forecast Year [2030]	USD 37.02 billion
CAGR (%)	11.94%

Key factors propelling market growth include increasing regulatory demands, technological advancements, and heightened awareness of water management issues. The potential to reduce water loss, improve leak detection, and ensure better resource allocation positions SWM as a critical component in sustainable development goals. Opportunities lie in expanding IoT adoption for real-time monitoring, enhancing AI capabilities for predictive analytics, and creating public-private partnerships for infrastructure projects. However, challenges such as high initial costs, data privacy concerns, and technology integration issues remain prevalent.

The market offers ripe areas for innovation, particularly in developing cost-effective sensor technologies, enhancing the interoperability of SWM systems, and improving the accuracy of predictive models through machine learning. Furthermore, exploring blockchain for transparent, secure water transaction records presents new business opportunities. As the market's nature is competitive yet highly collaborative, fostering partnerships with tech firms, research institutions, and governmental bodies can unlock pathways for business growth. To navigate through limitations, businesses should invest in consumer education campaigns, focus on scalable solutions for diverse water management needs, and advocate for supportive policies that encourage SWM implementation. Overall, the strategic integration of smart technologies into water management processes will pave the way for a more efficient and sustainable future.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Smart Water Management Market

The Smart Water Management Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising needs to replace the aging water infrastructure
- Growing government focus on water sustainability concerning water conservation
- Increasing adoption of smart water management in manufacturing, agriculture, and power production facilities
Market Restraints
- Concerns in technology deployments and maintenance cost
Market Opportunities
- Increasing role of smart water management in the smart city revolution
- New technological advancements in smart water management solutions
Market Challenges
- Rising threats of security and data privacy vulnerabilities

Porter's Five Forces: A Strategic Tool for Navigating the Smart Water Management Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Smart Water Management Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Smart Water Management Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Smart Water Management Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Smart Water Management Market

A detailed market share analysis in the Smart Water Management Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Smart Water Management Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Smart Water Management Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Smart Water Management Market

A strategic analysis of the Smart Water Management Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Smart Water Management Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Aqua Analytics, AquamatiX Limited, Aquatech International LLC, Arad Group, Atos SE, Badger Meter, Inc., Buckman Laboratories International, Inc., Ecolab Inc., Efftronics Systems Pvt. Ltd., Endress+Hauser Group Services AG, General Electric Company, GHD Group Pty Ltd., Hitachi, Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., HydroPoint, i2O Water Ltd., Itron, Inc., Kamstrup A/S, Kemira Oyj, Landis+Gyr AG, NEOM Company, Neptune Technology Group Inc., Pentair PLC, Robustel, Schneider Electric SE, Siemens AG, Solenis LLC, Subeca Inc., SUEZ SA, UtiliOS, Veolia Environnement SA, WaterGroup Companies, Inc., WSP Global Inc., Xenius, Xylem Inc., and Yokogawa Electric Corporation.

Market Segmentation & Coverage

This research report categorizes the Smart Water Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, market is studied across Services and Solution. The Services is further studied across Managed Services and Professional Services. The Professional Services is further studied across Consulting Services, Support & Maintenance Services, and System Integration & Deployment Services. The Solution is further studied across Advanced Pressure Management, Analytics & Data Management, Customer Information System & Billing, Enterprise Asset Management, Leak Detection, Meter Data Management, Mobile Workforce Management, Network Management, Smart Irrigation Management, and Supervisory Control & Data Acquisition. The Enterprise Asset Management is further studied across Asset Condition Monitoring and Predictive Maintenance.
Based on Water Meter, market is studied across AMI Meters and AMR Meters.
Based on End User, market is studied across Commercial, Industrial, and Residential.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-2022E112594C

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising needs to replace the aging water infrastructure
  - 5.1.1.2. Growing government focus on water sustainability concerning water conservation
  - 5.1.1.3. Increasing adoption of smart water management in manufacturing, agriculture, and power production facilities
- 5.1.2. Restraints
  - 5.1.2.1. Concerns in technology deployments and maintenance cost
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing role of smart water management in the smart city revolution
  - 5.1.3.2. New technological advancements in smart water management solutions
- 5.1.4. Challenges
  - 5.1.4.1. Rising threats of security and data privacy vulnerabilities
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rise in demand for smart water management services due to the need for continuous optimization, regular system updates, and management of complex smart water systems
- 5.2.2. End-User: Increasing need for smart water management in the residential sector owing to consumer awareness toward water conservation
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Smart Water Management Market, by Type

6.1. Introduction
6.2. Services
- 6.2.1. Managed Services
- 6.2.2. Professional Services
  - 6.2.2.1. Consulting Services
  - 6.2.2.2. Support & Maintenance Services
  - 6.2.2.3. System Integration & Deployment Services
6.3. Solution
- 6.3.1. Advanced Pressure Management
- 6.3.2. Analytics & Data Management
- 6.3.3. Customer Information System & Billing
- 6.3.4. Enterprise Asset Management
  - 6.3.4.1. Asset Condition Monitoring
  - 6.3.4.2. Predictive Maintenance
- 6.3.5. Leak Detection
- 6.3.6. Meter Data Management
- 6.3.7. Mobile Workforce Management
- 6.3.8. Network Management
- 6.3.9. Smart Irrigation Management
- 6.3.10. Supervisory Control & Data Acquisition

7. Smart Water Management Market, by Water Meter

7.1. Introduction
7.2. AMI Meters
7.3. AMR Meters

8. Smart Water Management Market, by End User

8.1. Introduction
8.2. Commercial
8.3. Industrial
8.4. Residential

9. Americas Smart Water Management Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Smart Water Management Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Smart Water Management Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Subeca secures USD 6 million in funding to enhance smart water management with affordable IoT solutions
- 12.3.2. ABB Ltd. expands its smart water management portfolio with the acquisition of Real Tech's optical sensor technology
- 12.3.3. Badger Meter enhances real-time analytics capabilities with the acquisition of Trimble's smart water monitoring solutions
- 12.3.4. Wind Point Partners Acquires Hasa
- 12.3.5. Badger Meter Enhances Smart Water Capabilities With Acquisition of Syrinix
- 12.3.6. Spain has plans to invest more than USD 31 billion in improving water management
- 12.3.7. WAE announces expansion plans in India
- 12.3.8. SIT, GWF partner to develop residential smart water meters
- 12.3.9. Accenture Invests in KETOS to Advance Water Intelligence Through Real-Time Monitoring
- 12.3.10. Landis+Gyr to launch smart water meter
- 12.3.11. SenRa and Cranberry Analytics Partner to Digitise Panaji Smart City Water Supply
- 12.3.12. Veolia Water Technologies Strengthens Its Digital Solutions for Water Management with Orange Business Services
- 12.3.13. Tetra Tech Expands Digital Water and Energy Practices with the Acquisition of TIGA
- 12.3.14. SUEZ announces the launch of AssetAdvanced decision support platform deliver smart and sustainable planning for water and sanitation infrastructure investments
- 12.3.15. Xylem Invests USD 20M in Venture Capital Funds to Support Early-Stage Water Technology Development | Xylem India
- 12.3.16. Honeywell, Duke Energy Sustainable Solutions will help improve energy resiliency in the select U.S. communities
- 12.3.17. ABB launches innovative digital solution to reduce energy use and optimize operations in wastewater plants
12.4. Strategy Analysis & Recommendation
- 12.4.1. Siemens AG

Companies Mentioned

1. ABB Ltd.
2. Aqua Analytics
3. AquamatiX Limited
4. Aquatech International LLC
5. Arad Group
6. Atos SE
7. Badger Meter, Inc.
8. Buckman Laboratories International, Inc.
9. Ecolab Inc.
10. Efftronics Systems Pvt. Ltd.
11. Endress+Hauser Group Services AG
12. General Electric Company
13. GHD Group Pty Ltd.
14. Hitachi, Ltd.
15. Honeywell International Inc.
16. Huawei Technologies Co., Ltd.
17. HydroPoint
18. i2O Water Ltd.
19. Itron, Inc.
20. Kamstrup A/S
21. Kemira Oyj
22. Landis+Gyr AG
23. NEOM Company
24. Neptune Technology Group Inc.
25. Pentair PLC
26. Robustel
27. Schneider Electric SE
28. Siemens AG
29. Solenis LLC
30. Subeca Inc.
31. SUEZ SA
32. UtiliOS
33. Veolia Environnement SA
34. WaterGroup Companies, Inc.
35. WSP Global Inc.
36. Xenius
37. Xylem Inc.
38. Yokogawa Electric Corporation